Are You Considering an HDHP With an HSA?

Basic HSA Plan Concept

»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 PlanHMOPPOPOSHDHP/ 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 Limit Year Individual Family 2011$3,050$6, $3,100$6,250

Makes Contributions Employer Contributions Instructions provided and BR assistance available. Online Data File with Wire/ACH ACH Direct Check 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.

Distribution Options »Visa® Debit Card »Online Transfers »HSA Checks »Withdrawal Form

Employer Customizations » Add the name and logo to match your look. » Brochures » Websites » Welcome letters » 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

Internet Banking

Account & Investments »Savings Account »Interest bearing and FDIC insured »(Rates subject to change visit »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

Online Tools

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