» Premium Savings
» Ability to offer health insurance to employees
» Employee opportunity to control healthcare spending
» Decreased rise of healthcare costs through lower utilization
Why Choose an HSA-Compatible Plan?
HSA Advantages
For an Employer » Tax benefits» Employee-owned funds promote increased motivation for
involvement in healthcare decisions » HSAs allow “matching” contribution options by employers
and employees through a cafeteria plan
For an Employee » Funds roll over each year» Tax benefits on the contributions, earnings, and
distributions» Long-term investment opportunity
Average Annual Premiums by Plan Type
» Single: HDHP/HSA premium is 10-18% less than Traditional Plans» Family: HDHP/HSA premium is 10-11% less than Traditional Plans
Plan HMO PPO POS HDHP/HSA
Single $5,350 $5,584 $5,841 $4,793
Family $15,288 $15,404 $15,260 $13,704
Source: The Kaiser Family Foundation AND Health Research & Educational Trust Employer Health Benefits 2011 Annual Survey
Traditional Plans vs. HSA-Compatible Health Plan
Five Step Set Up
1. Employer Completes Sign-up Form & Considers Enrollment Approval Options (Batch, Immediate, By Approval)
2. Reviews & Discusses Program Design
3. Selects Enrollment Method
4. Selects Contribution Method
5. Develops Communication & Education Plan
Program Design & Tips
Design Tips» Pay for HSA Fees» Contribute to Employee Accounts» Tie in Wellness» Avoid the Term “High Deductible”
Program Design Worksheet» Answer basic questions about your program, goals and
communication opportunities.» Receive custom tips for designing your program and
designing your communication plan.
Enrollment Options
» Group Online Enrollment » Employer vs. Employee
» Electronic Enrollment» Standard File Format
» Individual Online Enrollment » Paper Applications
Group Online Enrollment
HSA Bank’s Group Online Enrollment system allows you to submit a census data file,
which can make the enrollment process easier for your
employees by pre-filling certain fields for them. HSA Bank provides instructions on how to format the census data file as well
as a Microsoft Excel file.
Employee Contributions
» How are they made» Online» Check» Rollover (HSA or IRA)» Catch-up Contribution
» Who makes them» Accountholder» Employer» Third-party
» Maximum LimitYear Individual Family
2011 $3,050 $6,150
2012 $3,100 $6,250
MakesContributions
Employer Contributions
Instructions providedand BR assistance
available.
OnlineData File with Wire/ACH
ACH DirectCheck
1. Employer Chooses
Contribution Method
2. Sets-up Selected Option
+ =
Group Online Contributions
Step-by-step instructions
From this page you can add a new contribution, view/edit/cancel pending contributions, view your contribution history and view your bank information.
Employer Customizations
» Add the name and logo to match your look.» Brochures» Websites» Welcome letters» Email Campaigns» Toll-free numbers
Employer Administration Area
» Manage Group Online Enrollment
» Make Contribution to Employees’ Accounts
» Upload Contribution Data and Census Files
» View Employees’ Status and Pending Enrollments
Account & Investments
» Savings Account» Interest bearing and FDIC insured
» (Rates subject to change visit www.hsabank.com)
» Self-directed Brokerage (Not FDIC Insured)
» Stocks, bonds and thousands of mutual funds» Mutual Fund Platform (Not FDIC Insured)
» Top performing mutual fund suite similar to 401K
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.
Communication Tips
» Begin education early
» Combine multiple forms of communication: printed, web, multi-media, in-person
» Emphasize the benefits of choice and empowerment
» Compare current plan design with HSA-compatible plan design
» Illustrate the tax benefits and long-term savings potential
» Involve spouses in the communication process
Spanish Resources
• Customer Service (866) 357-6232 7 a.m. – 9 p.m., CT, Monday – Friday
• Forms• Website
Building Success
14+ Years of Industry
Leadership
400,000Accounts
400+Health Plans
and TPAs
25,000+Employer Groups
HSAs are not a portion of our business, they are our business.
Customer Service
Business Relation Specialists: Call us:(866) 357-5232Monday through Friday, 7 a.m. - 7 p.m., CT
Email us: [email protected]
Visit: www.hsabank.com