Gain a partner in healthcare savings. - HSA Bank/media/files/employers.pptGain a partner in healthcare savings. Find a Balanced Solution . Health Savings Accounts (HSAs) paired with

© 2016 HSA Bank. HSA Bank is a Division of Webster Bank, N.A., Member FDIC.

Gain a partner in healthcare savings.

Find a Balanced Solution

Health Savings Accounts (HSAs) paired with a qualified high deductible health plan (HDHP) are leading the way for businesses of all industries and sizes. HSA Bank understands your need for a health benefit plan that’s affordable and sustainable for your business, while continuing to provide quality coverage for your employees.

© 2016 HSA Bank. HSA Bank is a Division of Webster Bank, N.A., Member FDIC. 2

An HSA Works with Your High Deductible Health Plan The high deductible health insurance plan or HDHP covers illness or injury after your employee’s annual deductible is met, and certain preventive care services at no cost. Funds in their HSA can pay for eligible medical expenses before AND after their annual insurance deductible is met, including some medical expenses that may not be covered by the insurance plan.

©2016 HSA Bank. HSA Bank is a Division of Webster Bank, N.A., Member FDIC. 3

The HDHP/HSA Concept

2016 Single Family

Minimum Deductible $1,300 $2,600

Maximum Out-of-Pocket $6,550 $13,100

Maximum Contribution Single Family

2016 $3,350 $6,750

Catch-up Contribution (Age 55+) $1,000

Intended to cover serious illness or injury

Can pay for eligible medical expenses not covered by health plan

HDHP

HSA


IRS-Qualified Medical Expenses*

Employees can use their HSA to pay for a wide range of eligible medical expenses (as defined by the IRS) for themselves, their spouse or tax dependents. Here are just some examples:


• Doctor and hospital visits • Medical equipment • Dental care, braces, dentures • Vision care, glasses, contacts • Prescription medications

(and over-the-counter medication when prescribed)

*A list of Eligible Medical Expenses can be found in IRS Publication 502, http://www.irs.gov/pub/irs-pdf/p502.pdf. As described in IRS publication 969, http://www.irs.gov/pub/irs-pdf/p969.pdf, over-the-counter medications (when prescribed by a doctor) are considered Eligible Medical Expenses for HSA purposes.

• Premiums for long-term care insurance

• Premiums for COBRA • Premiums for coverage while

receiving unemployment compensation

• Premiums for individuals over age 65

The HSA “Account”

• No set-up fee • Only need a penny to open the HSA • A balance waiver may apply to account

fees as noted on the HSA Bank Fee and Interest Rate Schedule customers will receive at time of account opening

• Interest-bearing account – Tiered-interest rate structure with applicable

rates determined by the daily balance © 2016 HSA Bank. HSA Bank is a Division of Webster Bank, N.A., Member FDIC.

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Free, Online Account Management

• View real-time account balances • View transaction history and statements (up to 18 months) • Contribution monitoring • Access tax documents • Transfer funds to or from a

linked investment account • Sign up for email confirmations


Debit Card Capabilities

Present the debit card for direct payment of medical expenses to any provider who accepts VISA® and provides medical products and services


Check Writing

Optional HSA Checks • No minimum balance requirements to order

checks • Unlimited check writing at no charge • Or, transfer funds to an external account to use

personal checks to pay for eligible medical expenses

• See the HSA Bank Fee and Interest Schedule for check fee amount


Opportunity to Invest HSA Funds

No minimum HSA cash balance required to invest in self-directed investment options

TD Ameritrade • Access to bonds, stocks and thousands of mutual funds

DEVENIR • A pre-selected group of no-load mutual funds covering a

range of fund families and asset classes

*Investment products are not FDIC insured, are not a deposit or other obligation of or guaranteed by HSA Bank, and are subject to investment risks including possible loss of principal amount invested.


Knowledgeable Customer Service

• English and Spanish-speaking representatives based in USA are available Monday – Friday, 7 a.m. – 7 p.m., and Saturdays, 9 a.m. – 1 p.m., Central Time.

• Call center reps receive extensive training on the HSA product for a high-quality level of knowledge and interaction with participants

• Customer service stats in 2013 – 430,280 total calls – 17 seconds average speed to answer

• (Service level is 30 seconds) – 1.62% abandonment rate


Help Your Employees Save for Healthcare An HSA is a great way for your employees to save and pay for healthcare expenses – • Especially when you start them off with a healthy employer

contribution and provide ongoing contributions throughout the year

HSA Bank will help you design an HSA program unique to your employees and business needs



Implementing Your HSA Program

Design Makes a Difference

• How many employees will be offered an HSA-compatible health plan?

• How many health plan options are being offered? • What are your objectives for offering the HSA plan? • Do you plan on making contributions to your

employees’ HSAs? • What is your goal for % enrolled?


Easy Employer Enrollment Options

• Enrollment via our electronic file will allow the employer to send their enrollment via our standard file format which will be provided to the employer during the implementation process. This file will be PGP-encrypted and sent securely to our FTP/SFTP server.

• Electronic Enrollment allows HSA Bank to open an account based on an electronic file and the employer or third-party demonstrating the employee’s intent to open an HSA.

• Individual Online Enrollment • Paper Application


Convenient Employer Contribution

• Contribution file sent to the secure FTP/SFTP server with funds pulled by HSA Bank or pushed to a clearing account at HSA Bank.

• Online through the Employer Administration Site to initiate a pull of funds from a designated external account for the purposes of contributing to the employees’ accounts; this option would allow the employer to avoid creating an additional file.

• ACH Direct: Much like a direct deposit, you can use your current payroll provider to make contributions directly to your employees’ HSAs.

• Paper Checks to HSA Bank


Seamless Transferring of Accounts

Establish New HSAs: An HSA Bank Business Relations specialist will help you select the enrollment and contribution options that best meets your needs. Complete Transfer Forms: Once the HSAs have been established, you can communicate the transfer to your employees and distribute the transfer forms provided by HSA Bank.


Online Employer Administration Site

HSA Bank’s Employer Administration Site features a variety of resources to help you effectively manage your HSA program.


Enrollment & Communication Support

An account manager or regional representative will: • Train Human Resources and Payroll staff • Provide onsite support at your enrollment meetings • Host live webinars for employees

Pre-enrollment communication and enrollment materials are available


Online Decision Making Tools Online decision making tools help your employees navigate through the confusion of healthcare decisions


Employer Reporting

HSA Account Detail Report • Employee pre-tax and/or post-tax contributions initiated by

the employer per employee (current period and YTD)

Fee funding notifications • Fees employer is paying on behalf of employees

Employer Summary Report • Transaction summaries (deposits, withdrawals, interest, fees) • Number of accounts (new, active and closed) • Average cash balance


About HSA Bank

• One of the first financial institutions in the country to offer a Health Savings Account (HSA)

• HSA Bank is a division of Webster Bank, N.A. Member FDIC

• Serves approximately 2 million members • Supports over 35,000 employer groups representing

companies of all sizes, complexities & industries • Over $5 billion in HSA deposits and investments


About HSA Bank (cont.)


Differentiators

• All accounts are penny funded to establish the HSA, which ensures your employee can reimburse themselves for eligible expenses incurred from the date the account opened

• HSA Bank can work with any insurance carrier – Can continue administering HSAs for your employees

if you change insurance carriers


Ongoing Employer Support

• Business relations specialists are available Monday through Friday, 7 a.m. – 7 p.m., Central Time, by phone and email to assist you with any questions, concerns or issues regarding your HSA program.

• An account manager will coordinate your HSA program implementation, education and communication needs.

• Your Regional Vice President also provides employer and employee training through in-person presentations.


Services & Support • Business Support: Available Monday

through Friday, 7 a.m. - 7 p.m. CT at 866-357-5232 or [email protected]

• Client Assistance Center: Available Monday – Friday, 7 a.m. - 9 p.m., and Saturday 9 a.m. - 1 p.m. CT at 800-357-6246 or [email protected]


Documents

Gain a partner in healthcare savings. - HSA Bank/media/files/employers.pptGain a partner in healthcare savings. Find a Balanced Solution . Health Savings Accounts (HSAs) paired with