gain a partner in healthcare savings

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.


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.


HDHP/HSA concept

2013 Single Family

Minimum Deductible $1,250 $2,500 Maximum Out-of-

Pocket $6,250 $12,500

Maximum Contribution Single Family

2013 $3,250 $6,450 Catch-up Contribution

(Age 55+) $1,000

Intended to cover serious illness or injury

Can pay for eligible medical expenses not covered the health plan

HDHP

HSA


Eligible medical expenses*

**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

• Doctor and hospital visits

• Medical equipment• Dental care, braces,

dentures• Vision care, glasses,

contacts• Prescription

medications (and, over-the-counter

medication when prescribed)

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:


• No set-up fee• No minimum amount required to

open the HSA• The monthly bank account fee is

waived on balances of $3,000 or more• Interest-bearing account

• Tiered-interest rate structure with applicable rates determined by the daily balance

The HSA “account”


Free, online account management• View real-time account

balances• View transaction history and

statements (up to 18 months)• View cancelled checks• Contribution monitor• Access tax documents• Transfer funds to or from

a linked investment account • Sign up for email

confirmations• Download your account

activity to MS Money or Quicken

DEMO

https://secure.hsabank.com/ibanking3/login.aspx


• Pay for eligible healthcare expenses from HSA funds wherever VISA® is accepted.

• Withdraw up to $300/day at ATM with PIN and up to $2,000/day at point of sale with signature.

• To help prevent misuse of HSA funds, the debit card is only authorized at merchants that provide medical products and services.

Debit card capabilities


• Optional HSA Checks 50 duplicate checks

for $7.95 No minimum balance

requirements to order checks

Unlimited check writing at no charge

Or, transfer funds to an external account to use personal checks

Check writing


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 the 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 through Friday from 7:00 a.m. to 9:00 p.m., CT

• Call center reps receive extensive training on only the HSA product for a high-quality level of knowledge and interaction with participants, unlike many commercial banks

• Customer service stats in 2012 383,917 total calls 23 seconds average speed to answer

(Service level is 30 seconds) 2.28% 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• Group Online Enrollment is a two-part

system – employer set up and employee enrollment.

• 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 options• Data File with Wire/ACH: With this option,

you control when contributions are processed. • ACH Direct: Much like a direct deposit, you

can use your current payroll provider to make contributions directly to your employees’ HSAs.

• The Group Online Contribution System (GOC) offers a convenient way to contribute to your employees’ HSAs.

• Paper Check 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 HSA accounts have been established, you can communicate the transfer to your employees and distribute the transfer forms provided by HSA Bank.


Online employer administration• HSA Bank’s Employer Administration Area

features a variety of resources to help you effectively manage your HSA program.

https://secure.hsabank.com/employer/main/login.aspx


• 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 and spouses• Pre-enrollment

communication and enrollment day materials are available

Enrollment & communication support


Online decision-making tools

DEMOS

http://hsabank.com/hsabank/Education/FutureValue.aspx


Employer reporting• HSA Bank provides standard aggregate

accountholder reports on a monthly basis: Number of accounts (new, active and closed) Average balance information Total and average contribution amounts by

employer Employee pre-tax and/or post-tax contributions Distribution activity by source (debit card,

check, ACH and manual withdrawal) Account usage statistics (Internet Banking,

debit cards and investments)


• 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

• Serve over 540,000 accountholders• Support over 25,000 employers

representing companies of all sizes, complexities & industries

• Over $1.8 billion in HSA deposits & investments

About HSA Bank


Differentiators• HSAs are all we do. So, there’s no cross

selling of other banking products to you or your employees

• 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. to 7 p.m. CT by phone and email to assist you with any questions, concerns or issues regarding your HSA program.

• A 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.


Contact us to learn more…

HSA Bank - Business [email protected]. (866) 357-5232

Or, click here to find your Regional Vice President!

gain a partner in healthcare savings

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