Winning with an HSA Health savings accounts (HSAs) Save & win EMPOWERING you TO BUILD HEALTH SAVINGS
Why HSAs? HSAs are an easy way to win in today s complex health care system HSAs empower health savings As an HSA user, you save in several ways: Lower monthly health insurance premiums HSA contributions are not taxed* You earn tax-free interest on HSA balances* HSA funds used for qualified medical expenses are not taxed* Saving for the future: HSA funds roll over from year to year With an HSA, you own the account and all contributions. Unlike flexible spending accounts (FSAs), your entire HSA balance rolls over and remains available for qualified expenses even if you change health plans, retire or leave the company. Once you reach a determined account balance, you can invest your HSA funds for increased earning potential. 2 You don t have to change doctors Your HSA-qualified health plan typically gives you access to the same in-network doctors** as a traditional plan offered by the same carrier. If your desired physician is not in-network, you can still use tax-free HSA dollars to pay for qualified expenses. Keep your lifestyle Regardless of your personal medical situation, an HSA can empower you to maximize savings while building a reserve for the future. Contrary to what many may think, healthy individuals aren t the only users who benefit from an HSA. * HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-free with very few exceptions. Please consult a tax advisor regarding your state s specific rules. ** Health plan s in-network providers may vary.
We ll take you there. Our expert friends are available to help you every hour of every day Our team of specialists based in Salt Lake City is available 24 hours a day, providing you with expert insight to help you optimize your health savings account. We are here to help you every step along the way. Just call us at 877.857.6810. HealthEquity Member Services Salt Lake City, Utah How an HSA works: An HSA paired with an HSA-qualified health plan allows you to make pre-tax contributions to an FDIC-insured savings account. Balances earn tax-free interest and can be used to pay for qualified medical expenses. HSA-qualified health plans typically cost less than traditional plans and the money saved can be deposited into your HSA. 3
HSA plans win vs. traditional plans Regardless of how you consume health care, an HSA plan will empower you to maximize savings while building a reserve for future medical expenses. Here are some specific examples of how an HSA grants savings for common lifestyles. SHOPPER SHOPPER: High medical utilizer Hits out-of-pocket maximum with traditional health plan How a Shopper wins: Lower monthly premiums No copays on top of out-of-pocket expenses Out-of-pocket expenses are paid with tax-free* HSA funds 4 SAVER SAVER: Financially savvy Optimizes account savings How a Saver wins: Another avenue for investing tax-free* Lower monthly premiums Out-of-pocket expenses are paid with tax-free* HSA funds * HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-free with very few exceptions. Please consult a tax advisor regarding your state s specific rules.
Who are you? See how you can personally benefit from an HSA: www.healthequity.com/me MINIMALIST SURVIVOR SURVIVOR: One or more chronic conditions Hits out-of-pocket maximum with traditional health plan How a Survivor wins: Prescription out-of-pocket expenses are capped, no copays Lower monthly premiums No copays on top of out-of-pocket expenses Out-of-pocket expenses are paid with tax-free* HSA funds MINIMALIST: Low medical utilizer Desires flexibility and minimum monthly premium How a Minimalist wins: Lower monthly premiums Out-of-pocket expenses are paid with tax-free* HSA funds * HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-free with very few exceptions. Please consult a tax advisor regarding your state s specific rules. 5
HSA Eligibility To make tax-free* deposits to an HSA, the IRS requires that: you are covered by an HSAqualified health plan. you have no other health coverage (ie. Medicare, military health benefits, Medical FSAs). Getting started. We make the process of an HSA easy and we are available to assist every step along the way. To get started, simply: 1 Enroll in an HSA-qualified health plan through your employer. We ll work with Blue Shield of California to automatically set up your HSA and supply you with a HealthEquity Visa Health Account debit card 1 to conveniently pay for eligible medical expenses. 2 Elect to make contributions to your HSA. Many employers offer paycheck deductions. You can also transfer funds from an existing HSA or make an electronic deposit. To take full advantage of tax savings and to build a reserve for the future, we encourage you to maximize your HSA contributions, according to IRS regulations: 6 Qualified medical expenses Discover the many uses for your HSA dollars. For details visit: www.healthequity.com/qme 3 HSA contribution limits: 2014 2015 Individual limit: $3,300 $3,350 Family limit: $6,550 $6,650 At age 55, an additional $1,000 contribution is allowed annually. Start saving! Use your HSA funds to pay for qualified medical expenses, tax-free.* Or, let your balance grow and save for the future. 1 This card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC. Copyright 2013 HealthEquity, Inc. All rights reserved. HealthEquity, the HealthEquity logo, and Building Health Savings are service marks of HealthEquity, Inc. * HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-free with very few exceptions. Please consult a tax advisor regarding your state s specific rules.
Let s go! { Learn more at: www.healthequity.com/hsalearn Call for a personal assessment. We understand the significance of your benefits selection. Our expert friends are available every hour of every day to answer any questions you have. Our team of specialists based in Salt Lake City provides expert insight to help you maximize your savings. 877.857.6810 (available every hour of every day) 7
HealthEquity, Inc. is the custodian of your health accounts and is independent from Blue Shield of California. Neither HealthEquity nor Blue Shield of California provides medical or tax advice. Content should not in any case replace professional medical or tax advice. Blue Shield and the Shield symbol are registered marks of the BlueCross BlueShield Association, an association of independent Blue Cross and Blue Shield plans. HealthEquity, Inc. is an independent and separate company from Blue Shield of California. HealthEquity does not provide Blue Shield of California products or services and is solely responsible for any products and services that it offers. NEW MOBILE APP now available itunes App Store Google Play 15 West Scenic Pointe Drive, Suite 100 Draper, UT 84020 info@healthequity.com www.healthequity.com Winning_With_An_HSA_EE_BSC_October_2014