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The Most  Trusted Name  in HSA Administration
First HSA ,[object Object],[object Object],[object Object],[object Object],[object Object]
Health Savings Accounts (HSAs) ,[object Object],Permanent  federal law effective January 1, 2004  Signed into law by President Bush on December  8, 2003
What is a HSA? ,[object Object],[object Object]
Health Savings Account Qualified High Deductible Health Plan Custodial/Trust Savings Account What is a Health Savings Account?
High Deductible Health Plan (HDHP) ,[object Object],[object Object],[object Object]
Typical “HDHP’s” ,[object Object],[object Object],[object Object],[object Object]
Who all qualifies for an HSA? ,[object Object]
Who doesn’t qualify for an HSA? ,[object Object],[object Object],[object Object]
Who can make contributions to an HSA ? ,[object Object],[object Object],[object Object],[object Object]
Employer Contributions ,[object Object],[object Object],[object Object]
What is the maximum contributions for 2009? ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],Catch up Contributions
The Health Savings Account Tax Benefits ,[object Object],[object Object],[object Object]
Qualified Medical Expenses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Can Individuals use the account  to pay for anything else? HSAs can be used to pay for medical expenses not covered by the employee’s health plan.  Typical expenses include vision, dental and over-the-counter medications.  Employees must keep a copy of all receipts for IRS reporting.
[object Object],Non-Qualified Medical Expenses
How do I pay for a typical Office Visit? ,[object Object]
How are prescriptions paid? ,[object Object]
What happens if I use a Non-Network Provider? ,[object Object]
What happens to money left  at the end of the year? The money in the HSA belongs to the employee. HSA funds rollover from year to year, earning interest tax-free and continue to accumulate for future years. These funds may be used to pay for future medical expenses tax free or can be used to supplement income at age 65 tax-deferred.
What happens to the money if the employee changes employment? ,[object Object],[object Object]
HSA Ownership Upon Death   ,[object Object]
Company Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Interest Rates $100 - $999.99:  0.25% $1,000 - $4,999.99:  0.75% $5,000 - $14,999.99:  1.50% $15,000 & up:  2.50%
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What do I need to do at Tax time? ,[object Object]
How does my FSA work? ,[object Object]
Customer Service ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Contact Information ,[object Object],[object Object],[object Object],[object Object]

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HSA (Health Savings Account)Presentation

  • 1. The Most Trusted Name in HSA Administration
  • 2.
  • 3.
  • 4.
  • 5. Health Savings Account Qualified High Deductible Health Plan Custodial/Trust Savings Account What is a Health Savings Account?
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. Can Individuals use the account to pay for anything else? HSAs can be used to pay for medical expenses not covered by the employee’s health plan. Typical expenses include vision, dental and over-the-counter medications. Employees must keep a copy of all receipts for IRS reporting.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21. What happens to money left at the end of the year? The money in the HSA belongs to the employee. HSA funds rollover from year to year, earning interest tax-free and continue to accumulate for future years. These funds may be used to pay for future medical expenses tax free or can be used to supplement income at age 65 tax-deferred.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.