1. The BlueSaverSM HSA from Bank of America
Savings for Today and Tomorrow
This presentation is for Automatic Enrollment customers only.

2. How Does the BlueSaver HSA Work?
A tax-advantaged savings account for qualified health care expenses
A Health Savings Account (HSA) works with your Independence Blue Cross qualified high-deductible health plan (HDHP).
With an HDHP, the amount you contribute to the cost of your health plan is lower and your deductible higher.
With an HSA, you can:
Use the money you save on a lower premium plan to make tax-deductible HSA contributions
Make withdrawals to pay for your deductible, co-pay and other qualified medical expenses
Save for future health care expenses, because you own the account

3. What can you use it for? Qualified Medical Expenses include:
Most medical care and services
Office visit co-payments
Chiropractic care, smoking cessation, weight loss
Dental services
Vision care
Health insurance premiums under COBRA continuation coverage or while receiving unemployment compensation
Medicare Part A or Part B premiums
A qualified long-term insurance contract

4. Tax Benefits of the HSA Contributions are not subject to income tax
Contributions can be made by:
The employer
You
Pre-tax via payroll deductions
Post tax via direct deposit (your tax deductible contributions are recognized when filing taxes)
By any other third party
Contributions in excess of allowable limits must be withdrawn or incur a tax penalty
2015 Contribution Limits
Contribution Type
Amount
Individual
$ 3,350
Family
$ 6,650
Annual Catch Up*
$ 1,000
* Only individuals 55 or older may contribute the “catch-up” contributions, and only until they enroll in Medicare
Include options as appropriate

5. Tax Benefits of the HSA
Tax-advantaged dollars can be invested while maintaining their tax- advantaged status, resulting in a significant tax savings over time.
One of the significant advantages of your HSA is that your contributions roll over from year to year. If you don’t use the funds to pay for medical expenses, the money remains in your account and has the potential to earn interest through a variety of savings and investment choices.
Let’s assume your tax bracket is 15%, state taxes are 3%, and that your investment choices yield an interest rate of 2%. If you contribute $2,000 to your HSA each year for 10 years and use $1,000 each year to pay for qualified medical expenses, you could save over $3,800 in taxes and benefit from almost $1,000 in account earnings.

6. HSA Key Features and Eligibility
Key Features of an HSA
HSA Eligibility
Funds deposited into an HSA are tax-advantaged and owned by the account holder
Participants must be enrolled in a qualified high-deductible health plan (QHDHP) before opening an HSA
Funds may be rolled over year to year; no “use-it or lose-it” rule
Cannot be covered by any other insurance plan that reimburses for health expenses
Accounts can accumulate significant assets that can be used for healthcare tax free
Cannot be enrolled in Medicare or Medicaid
Funds in the HSA can be invested in mutual funds once balance requirements are met
Cannot be eligible to be claimed as a dependent on another person’s tax return and must be over 18 years of age
Funds are portable and remain available if you change jobs
Cannot be covered by a general purpose healthcare FSA or a general purpose HRA. Alternative plan designs such as Limited Purpose FSA or Limited Purpose HRA may be permitted under certain circumstances

7. The Bank of America HSA
No monthly account fee when you are enrolled in an Independence Blue Cross qualified HDHP
Integrated with your healthcare member portal
View and pay claims online
Plan Activity Statements let you see how the HSA works with your medical plan
Integrated customer service
Wide variety of investments available once $500 accrued

8. Managing Your HSA
Tools to help you every step of the way

9. Opening a Health Savings Account
If you select an Independence Blue Cross qualified HDHP, you will automatically have a Bank of America HSA opened
If you do not want this account, you do not have to take any action
If an account does not receive any contributions within the first 90 days of being opened, it will automatically be closed
Automatic account opening slide
Include automatic or manual opening slide depending upon what the customer has chosen

10. What to Expect Once the HSA is Opened
You will receive a debit card in the mail
Debit card will be active with the start of the plan year (or when the account was opened)
Funds must be deposited into the account before the card can be used
You will receive an HSA welcome kit in the mail
How to use the HSA
How to make direct contributions
Where to go with questions
You will have full access to your HSA from the member healthcare portal

11. Employee Fund Access
HSA health care Visa® Debit Card issued to HSA account holders
Reimburse all or part of account holder’s qualified expenses
At point-of-sale locations
Pay amounts up to available HSA funds at time of payments
Direct Pay to Provider
Pay providers directly from ibxpress.com
Providers are able to easily connect your payment to a bill because the payment references the claim number
Online Payment
Easy way to pay for medical expenses directly from HSA
Monitor, manage and schedule payments online any time
Reimburse yourself if you pay for an service using another account, you can reimburse yourself

12. Managing your HSA
Integrated website to access the medical plan and the HSA
Customer service support through Independence Blue Cross
Plan Activity Statement shows claim from both a medical and spending account perspective
Monthly HSA Statement that shows HSA activity
Investment options and information available online once you have $500 in the account
HSA savings calculator tool to see how your HSA savings can grow over time

13. Plan Activity Statement
Information on EOBs, claims, spending accounts, and payments are consolidated in the Plan Activity Statement, a single, user-friendly statement.

14. Employee Online Experience
Easy access to helpful tools and resources

15. Manage Your Spending Account Online
Spending accounts can be easily accessed from ibxpress.com.

16. Manage Your Spending Account Online
The YOUR COVERAGE tab provides information about benefits, discounts, and allows you to order ID cards.

17. Manage Your Spending Account Online
Claims tab shows status and submission of a claim to the spending account.

18. Submitting a Manual Claim
Employees can submit claims for self reimbursement or payment to a provider
Show Payment Integration
And how did that HRA payment happen?
It can be set up so that it’s automatic…a great way to simplify the introduction of an HRA. Or you can also set it up so that the member decides. Something that we always do with HSAs…as it allows them to pay from their HSA or save their funds for investments later.

19. Claim Integration
Medical claims, member liability, and spending accounts all work together
Pay claims with employee liability directly from the claims information
Show Claim Integration
Quick walk through of a claim.
Pointing out
Ability to filter claims
Summary information
Details available
Paid by HRA
All of this means it’s easy for a member to log on, see their medical claim and see how their responsibility was covered through the spending account.

20. Payment Integration
Payments can be made to the provider or back to the employee
Show Payment Integration
And how did that HRA payment happen?
It can be set up so that it’s automatic…a great way to simplify the introduction of an HRA. Or you can also set it up so that the member decides. Something that we always do with HSAs…as it allows them to pay from their HSA or save their funds for investments later.

21. View Your Claim Payment History
Payment status and history can be viewed and refined.

22. HSA Investments
Over 20 fund options through Bank of America

23. Investing in the HSA You will be able to invest exceeds $500
There are no separate trading or administrative fees
You will have a single account with two parts
Similar to a 401(k) in terms of investments
Investment guide gives you an overview of process as well as options
Quarterly investment statements provide updates on performance

24. Investing in the HSA
Wide range of investment options designed to meet the diverse investment needs of individuals
Performance comparison chart, prospectus, fact sheet, Morningstar Report available online

25. Moving Funds from Another HSA
Account holders can opt to consolidate funds into the Bank of America HSA
Transfer funds without losing tax-advantaged status
Funds with another bank will not benefit from integration
Existing accounts remain available for eligible expenses in the new plan year
Account holders should only initiate fund transfer after the Bank of America HSA is open
Best time to transfer funds will vary by member

26. Bank of America Account Holder Fees
Item
Fee
Monthly maintenance fee *
Waived
Additional debit cards (up to 4)
Brokerage account fee
Investment transaction fee
Account closure/rollover
$ 25.00
Deposited item returned, per item
$ 5.00
Contribution deposit slip re-orders
Legal process fee (e.g., attachment, levy or garnishment), per occurrence
$ 75.00**
Stop payment, each
Excess contribution, per return
Mailed copy of account statement or tax statement (each)
Mailed copy of deposited item, each
* While enrolled in Independence Blue Cross Qualified High Deductible Health Plan
** Or such amount as may be established by law.

27. Questions?

28. Thank you