PayPal Blue Shield of California Consumer Directed Health Plan with Health Savings Account (CDHP with HSA) Frequently Asked Questions
|
|
- James Richardson
- 5 years ago
- Views:
Transcription
1 PayPal Blue Shield of California Consumer Directed Health Plan with Health Savings Account (CDHP with HSA) Frequently Asked Questions What is the Blue Shield of California CDHP with HSA? The Blue Shield of California CDHP with HSA is one of several medical plan options that you have as an employee. The plan gives you traditional health coverage coupled with a Health Savings Account: First, you have a medical plan that s administered by Blue Shield of California. It includes a traditional health coverage component, as well as personalized health services and online tools to help you manage your health, health decisions and health care dollars. Second, you have an HSA that you establish with Health Equity. This is like a regular banking account with special tax advantages an account that gives you control over when and how your health care dollars are used. What is the coverage? The Blue Shield of California CDHP with HSA offers comprehensive medical coverage, just like the other available medical plan options everything from doctor s office visits, to lab and X-ray services, as well as urgent care and prescription drugs. It works in many ways like a traditional Preferred Provider Organization (PPO) plan, but it doesn t have any copays. The CDHP is a high deductible plan, with an annual deductible, which is an amount that you must pay before the plan begins paying any benefits. After you meet your deductible, you pay coinsurance (a percentage of the provider s charges). What is a Health Savings Account? After you enroll in the Blue Shield of California CDHP with HSA, you establish a health savings account in your name with Health Equity. You can use the money in your account to pay for eligible current or future health care expenses. What are the deductibles, coinsurance and out-of-pocket maximums of the Blue Shield of California CDHP? Following are the 2016 amounts for the Blue Shield of California CDHP with HSA: Annual Deductible You pay Coinsurance You and the plan share Out-of-Pocket Maximum You pay no more than Individual Coverage $1,300 in-network $2,100 out-of-network Family Coverage $2,600 in-network $4,200 out-of-network In-Network: Plan pays 90% and you pay 10% Out-of-Network: Plan pays 70% and you pay 30% $3,000 in-network $5,000 out-of-network $6,000 in-network $10,000 out-ofnetwork Can one family member satisfy the family deductible or out of pocket maximum? Yes. If you cover one or more dependents, you must meet the full family deductible amount before
2 the plan begins to pay benefits even if only one member of your family needs medical care beyond preventive services. Just like the family deductible, if you cover one or more dependents, you must meet the full family out-of-pocket maximum amount before the plan begins to pay the remainder of eligible medical benefits for the rest of the year. This applies even if only one member of your family is using the plan s benefits. Is this plan right for me? The Blue Shield of California CDHP with HSA could work well for you if you re looking for a way to lower your taxable income, and/or want to save money for future health care costs. While the plan can offer you tax savings, it does have a higher annual deductible than other plans and doesn t feature copays. If you have an ongoing medical condition or take medication regularly which means you ll have some known out-of-pocket costs you may want to think carefully about whether the CDHP is the right choice for you. What services does the Blue Shield of California CDHP with HSA plan cover? The CDHP covers all of the expenses covered by a typical health plan from office visits and prescription drugs, to major surgery. When you use your HSA to pay for services covered by the plan, the expense is applied toward your deductible and out-of-pocket maximum. What about preventive care services like physicals? The plan covers preventive care services like physical exams, immunizations and mammograms at 100%, if you visit in-network providers. Does the plan cover prescription drugs? Yes. You can choose to pay for your prescription drugs from your HSA. If you don t have enough funds in your HSA you will have to pay out of your own pocket until you satisfy your annual deductible, before the coinsurance part of the plan begins. Who is eligible to open an HSA? To be eligible to open an HSA, you must meet these criteria: You must be covered by an HSA-compatible health plan. You must be enrolled in the plan on the first day of the month. Otherwise, your eligibility to make contributions to your HSA begins the first day of the following month. You and your spouse may not have a general purpose Health Care Flexible Spending Account (FSA), even if your spouse is not covered by the Blue Shield of California CDHP. That s because both an HSA and a Health Care FSA offer tax advantages that cannot be combined. You must not be enrolled in Medicare. You must not be eligible to be claimed as a dependent on another individual s tax return. You must be a U.S. resident, and not a resident of American Samoa. If you are a veteran, you may not have received veterans benefits within the last three months. You must not be active military. How much can I contribute to my HSA? Because you receive a special tax advantage on your HSA account, total contributions to the account are limited by law to an annual contribution maximum set by the U.S. Treasury and the IRS.
3 These contribution maximums may be increased for inflation annually. The table below shows the legally mandated contribution maximums. Total 2016 HSA Contribution Limit Individual Coverage $3,350 Family Coverage $6,750 *Additional catch-up contribution of $1,000 allowed if you re 55 or older. Can I ever contribute more than the annual limit? Yes, people age 55 and older who are not enrolled in Medicare are eligible to contribute an additional $1,000 above the regular limits (called a catch-up contribution). These individuals can make catch-up contributions each year until they enroll in Medicare. Only you as the account holder, or subscriber, can make catch-up contributions, and amounts allowed may be prorated if you are enrolled in the plan less than 12 months. Catch-up contributions can be made in the same way your regular pre-tax contributions are made. What if I contribute too much to my account during a year and exceed the annual maximum contribution? If you contribute too much to your account, IRS rules will require you to pay regular income tax plus a 10% tax penalty on the excess amount you contributed. (Note: Different rules apply if you contributed too much because you left the plan during the year.) Can I change my HSA contribution amount during the year? The HSA is flexible in that you can change your contributions to it at any time but it s up to you to make sure you don t exceed the IRS total contribution limit for the year. What if my spouse has an HSA, too? If your spouse has an HSA and either of you is covered under the other s plan, your combined HSA contributions are limited to the annual IRS contribution maximum for family coverage. Do I have to use funds from my HSA to pay for medical expenses and prescriptions? No. You may pay out of pocket with after-tax dollars and let your HSA balance grow (federally) taxfree, and use them in the future for other eligible health care expenses. What if I have money left in my HSA at the end of each plan year? The HSA dollars you don t spend are yours to keep and save, year after year. Your HSA can help you pay for future medical expenses. Remember, you have control over your health care dollars. You can use your HSA to pay for eligible medical or prescription expenses, or you can pay for those expenses out of your own pocket as they come up saving the money in your HSA for future use. When you have rollover dollars in your HSA in future years, you can pay less out of your pocket for future expenses, since you have more HSA dollars to apply toward your annual deductible. What if I use HSA funds to pay for non-qualified medical expenses? Any amount you spend from your HSA on a non-qualified expense will be considered part of your taxable income. You will also owe a 10% penalty on that amount (unless you reach age 65, become disabled or die, or rollover your HSA to another HSA account), and non-qualified expenses will not
4 apply toward your deductible. For a list of qualified medical expenses, visit the IRS website at and type Publication 502 in the search box. Where can I get more information on HSA regulations? You can visit the U.S. Treasury website at and type HSA in the search box. How do I access the money in my HSA? You must accumulate enough in your account before you can use them to pay for your health care expenses. You can use those dollars to pay for any medical care you ve received or other eligible health care expenses incurred since the date you established your HSA. Once you ve established your HSA with Health Equity, you ll receive a debit card that you can use to conveniently pay for your health care expenses. There are several different ways you can use your HSA to pay for eligible expenses, up to the balance remaining in your HSA: You can enter your HSA debit card information on any provider invoices you receive and your HSA will be debited automatically. You can present your HSA debit card when you pick up prescriptions from the pharmacy. You can use your HSA debit card to get cash from an ATM to reimburse yourself for any out-of-pocket costs, although banking fees will apply. Although you don t need to submit receipts when you re reimbursing yourself with your HSA dollars, you should save your receipts for tax purposes. How do I find out my HSA balance? As a Blue Shield of California CDHP with HSA member, you can keep track of your HSA activity and balance, as well as get details on all of your medical claims on the Health Equity website. Are there any administrative fees charged to my HSA? Like other bank accounts, your HSA is subject to banking fees. You re responsible for paying any monthly service fees or additional fees for services like accessing cash at ATMs or overdrafts. Is there a time restriction on when I may use the funds in the account? No. There is no time restriction on when funds may be used. Once funds have been contributed into the HSA, they may be used at any time in the future for qualified medical expenses. What are the tax benefits of an HSA? There are several benefits: Contributions to the account are (federally) tax-deferred or tax-advantaged, meaning they are not subject to federal income taxes Withdrawals from the account for qualified medical expenses are (federally) tax-free Any investment and interest earnings in your account are (federally) tax-deferred Depending on the state where you live, you may save on your state taxes as well. How does the money I contribute to my HSA help me save on taxes?
5 Any money you contribute to your HSA is considered federally tax-deferred. That is, it is not counted as taxable income for the year. So, if you contribute $1,000 to your HSA, your federal adjusted gross income for the year is reduced by $1,000, which could save on what you owe for taxes, depending on your tax status. What should I do with my receipts? You should keep your receipts for services you ve received. Since you own the HSA, you are responsible for providing documentation to the IRS, if you ever need to, for the expenses charged to your HSA. The money that goes into and out of your HSA contributions and disbursements is reported to the IRS each year. It s important that you review this account with your tax advisor, since it s like having another banking or savings account. Are there any special instructions for filing my taxes? Yes. You will receive a 1099 form and a 5498 form in the mail near tax time, so you can file your taxes. You will have to complete an 8889 form when you file your taxes. In addition, you need to keep track of your receipts for anything you pay for from your account in the event you need to provide documentation to the IRS to show you used any HSA funds on qualified medical expenses. Please consult a tax advisor to ensure you file your taxes correctly. How do I enroll in the plan? To enroll in the Blue Shield of California CDHP with HSA, you first start by enrolling in the CDHP medical option during the enrollment period. Once enrolled in the CDHP, you ll receive a plan member ID card in the mail from Blue Shield of California, as well as an HSA Welcome Kit. Glossary of Terms Annual deductible the amount you must pay before the plan begins paying benefits. The amount will depend on whether you have individual medical coverage or family coverage (where you are covering one or more dependents), and whether you visit in-network or out-of-network providers. The annual deductible does not apply to eligible preventive care services, which are covered at 100% in-network. For 2016 deductible amounts, click here. Copay a flat dollar amount that you pay out of your pocket when you receive medical care services or prescriptions. The Blue Shield of California CDHP with HSA does not feature copays. Coinsurance the cost for provider services that the plan shares with you after you meet your annual deductible. The plan pays a majority percentage in coinsurance, and you pay the remaining percentage. The plan pays higher coinsurance and you pay less if you visit in-network providers. You have the choice of visiting in-network providers those who belong to the Blue Shield of California network and those who don t. You ll receive higher benefits, and have lower out-ofpocket expenses, if you see in-network doctors. For 2016 coinsurance amounts, click here. Health Savings Account A regular banking account funded by contributions from PayPal and, if you choose, pre-tax dollars from your regular paychecks. The account offers special tax advantages and control over when and how your health care dollars are used. For details, click here.
6 In-network providers (e.g., doctors and hospitals) that have contracted with Blue Shield of California and will accept their payments as payment-in-full for specific covered services. When you visit an in-network provider, the plan pays higher benefits and you ll have lower costs based on the contracted rates. In-network providers will also typically handle filing claims for you. You can even find in-network care when you re traveling via the nationwide BlueCard PPO network call BLUE for assistance. Out-of-network providers (e.g., doctors and hospitals) that do not belong to the Blue Shield of California network and therefore have not agreed to accept their payments as payment-in-full for specific covered services. Out-of-network providers may charge more for services than what innetwork providers have agreed to accept. If you choose an out-of-network provider, you will be responsible for any additional amount they may charge. Out-of-pocket maximum a cap, or limit, on what you have to pay out of your own pocket for medical care in a calendar year. For 2016 out-of-pocket maximum amounts, click here.
Blue Shield of California Consumer Directed Health Plan with Health Savings Account (CDHP with HSA) Frequently Asked Questions
Blue Shield of California Consumer Directed Health Plan with Health Savings Account (CDHP with HSA) Frequently Asked Questions What is the Blue Shield of California CDHP with HSA? The Blue Shield of California
Frequently Asked Questions Lumenos HSA Plan
Frequently Asked Questions Lumenos HSA Plan Lumenos HSA Plan Overview The Lumenos HSA plan gives you medical coverage coupled with a health Savings Account (HSA). Henrico County will provide HSA funds
FREQUENTLY ASKED QUESTIONS QUALIFIED HIGH DEDUCTIBLE HEALTH PLAN WITH A HEALTH SAVINGS ACCOUNT
FREQUENTLY ASKED QUESTIONS QUALIFIED HIGH DEDUCTIBLE HEALTH PLAN WITH A HEALTH SAVINGS ACCOUNT Qualified High Deductible Health Plans (QHDHP) What is a QHDHP? A QHDHP is a medical plan regulated by the
Frequently Asked Questions
Frequently Asked Questions Gulfstream and many other General Dynamics companies offer a new type of health plan the Personal Health Account Plan. The Personal Health Account Plan is a high deductible plan
2016 Health Savings Plan and Health Savings Account Questions
2016 Health Savings Plan and Health Savings Account Questions Health Savings Plan (HSP) What is the Health Savings Plan? The HSP is a High Deductible Health Plan (HDHP) with coverage that starts after
How To Pay For Health Care With A Health Savings Account
HDHP FAQs HDHP = High Deductible Health Plan PPO = Preferred Provider Plan, the regular or traditional healthcare plan HSA = Health Savings Account HRA = Health Reimbursement Account FSA = Flexible Spending
Account Based Health Plan with Health Savings Account Guide
Account Based Health Plan with Health Savings Account Guide Lead the way Page 1 2016 ABHP with HSA Guide You re in control with an Account-Based Health Plan Philips believes an Account Based Health Plan
Frequently Asked Questions. High Deductible Health Plan (HDHP) with Health Savings Account (HSA)
Frequently Asked Questions High Deductible Health Plan (HDHP) with Health Savings Account (HSA) There are two components to the High Deductible Health Plan (HDHP) with HSA Medical Plan the HDHP Health
Consumer Driven Health Plan (CDHP) with Health Savings Account (HSA)
Consumer Driven Health Plan (CDHP) with Health Savings Account (HSA) Michigan State University 2014 Open Enrollment Blue Care Network is a nonprofit corporation and independent licensee of the Blue Cross
Brookhaven Science Associates, LLC. 2016 Guide To: Medical Programs Health Savings Account Health Care Reimbursement Account
Brookhaven Science Associates, LLC 2016 Guide To: Medical Programs Health Savings Account Health Care Reimbursement Account 1 2 Here s What You ll Find In This Booklet ITEM PAGE # OVERVIEW... 5 MEDICAL
SUPERVALU: Your Health Savings Account (HSA)
SUPERVALU: Your Health Savings Account (HSA) Frequently Asked Questions 1. What is a Health Savings Account (HSA)? A Health Savings Account (HSA) is a savings account established under the Internal Revenue
QUESTIONS AND ANSWERS
QUESTIONS AND ANSWERS Introducing a different way to pay for care. When you set up an HSA, you can use tax-free 1 funds to help pay for your qualified medical expenses. 2 Understanding your HSA Who is
Consumer Driven Health Plan (CDHP) with Health Savings Account (HSA)
Consumer Driven Health Plan (CDHP) with Health Savings Account (HSA) Interact with this ebrochure. Here s how. This ebrochure is designed for onscreen viewing, allowing you to navigate through the document
HSA 101. A Quick Overview of Health Savings Account Basics
HSA 101 A Quick Overview of Health Savings Account Basics Agenda Health Savings Account Features HSA Eligibility Contributions Tax Information Distributions HSA-Qualified Expenses Paying for Medical Services
Health Savings Accounts & High Deductible Health Plans
Health Savings Accounts & High Deductible Health Plans Definitions Consumer Driven Health Plan ( CDHP ) A health insurance plan designed to give you more control over your health care spending. CDHPs incorporate
High Deductible Health Plan (HDHP) with Health Savings Account (HSA) FREQUENTLY ASKED QUESTIONS
High Deductible Health Plan (HDHP) with Health Savings Account (HSA) FREQUENTLY ASKED QUESTIONS Part I HIGH DEDUCTIBLE HEALTH PLAN (HDHP) Q. What is the HDHP? A. The High Deductible Health Plan (HDHP)
Health Savings Account FAQs
Health Savings Account FAQs These questions and answers summarize the basic concepts of a Health Savings Account (HSA). It is not intended to provide all the information you need in order to make a decision
Aetna HealthFund Health Savings Account
Aetna HealthFund Health Savings Account Take Control of Your Health Care and Your Health Care Dollars! 14.02.305.1 (10/05) The Aetna HealthFund Health Savings Account (HSA) by Aetna Life Insurance Company
Consumer Choice Plan, Health Savings Account and Health Care Flexible Spending Account Frequently Asked Questions
Consumer Choice Plan, Health Savings Account and Health Care Flexible Spending Account Frequently Asked Questions Information on how the plan and the accounts work The Consumer Choice Plan 1. How is the
Kitsap Bank Health Savings Account Guide. A tax-smart way for you to manage growing healthcare costs.
Kitsap Bank Health Savings Account Guide A tax-smart way for you to manage growing healthcare costs. At Kitsap Bank, we believe that helping you prepare for the rising cost of health care is key to helping
Aetna HealthFund Health Savings Account Plan
Aetna HealthFund Health Savings Account Plan Take Control of Your Health Care and Your Health Care Dollars! Administered by Aetna Life Insurance Company. PPO/POS II/OAMC w/rx 41.02.318.1 (7/05) Welcome
Health Savings Account FAQs
General What s a health savings account (HSA)? An HSA is an interest-bearing savings account you fund either with before-tax paycheck deductions through WageWorks McKesson s HSA administrator or with tax-deductible
Health Savings Account Frequently Asked Questions
Health Savings Account Frequently Asked Questions (for Core 60 Medical Plan Members) The Health Savings Account (HSA) is a great way to save for health care expenses incurred today or in the future for
Health Savings Account (HSA) Bank Account Frequently Asked Questions & Answers As of October 2014
Health Savings Account (HSA) Bank Account Frequently Asked Questions & Answers As of October 2014 The following provides general information to help answer frequently asked questions about the Health Savings
Aetna HealthFund Health Savings Account
Aetna HealthFund Health Savings Account Take control of your health care and your health care dollars! 14.02.305.1 B (2/07) The Aetna HealthFund Health Savings Account (HSA) A new way to manage your health
Health Savings Option with a Health Savings Account (HSA)
Health Savings Option with a Health Savings Account (HSA) The Health Savings Option is a high deductible health insurance plan administered by United Medical Resources (UMR), a United Healthcare Company,
Benefits Open Enrollment Frequently Asked Questions
Benefits Open Enrollment Frequently Asked Questions Plan year: July 1, 2014, through June 30, 2015 Open Enrollment begins May 15 and ends May 30. You must enroll in order to receive medical, prescription,
Your Health Savings Account Reference Guide. Your Guide to Understanding a Health Savings Account
Your Health Savings Account Reference Guide Your Guide to Understanding a Health Savings Account Table of Contents The Fidelity HSA...1 Opening and Contributing to Your Fidelity HSA...3 Using Your Fidelity
Learn What s New. Aetna High Deductible Health Plan with Health Savings Account Quick Guide
Take Care Learn What s New Aetna High Deductible Health Plan with Health Savings Account Quick Guide The Aetna High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) is designed to give
Investing in a healthy future has never been so easy.
Investing in a healthy future has never been so easy. Gain control of healthcare costs. Build a comprehensive retirement strategy. Discover peace of mind. WHAT IS AN HSA? A health savings account (HSA)
GEHA 2014. Health Savings AdvantageSM High-deductible health plan with a health savings account (HSA) (800) 821-6136 geha.com
GEHA 2014 Health Savings AdvantageSM High-deductible health plan with a health savings account (HSA) (800) 821-6136 geha.com CODE Self Only 341 Self + Family 342 Enrollment checklist 1. Research health
QUESTIONS AND ANSWERS
QUESTIONS AND ANSWERS 1 An Account-Based Health Plan offers employees the choice of paying lower monthly premiums and is designed for you to be in control of your health costs. By enrolling in an Account-Based
Health Savings Account HSA Summary
Health Savings Account HSA Summary Effective January 1, 2016 TABLE OF CONTENTS INTRODUCTION... 3 WHO IS ELIGIBLE... 3 IRS REQUIREMENTS... 3 WHEN IS ELIGIBILITY DETERMINED?... 3 DO MY SPOUSE & I ESTABLISH
Manage Health care choices and expenses. The EmblemHealth Consumer Direct Program
Manage Health care choices and expenses The EmblemHealth Consumer Direct Program 1 Employees can manage their health care expenses today and save for their future. There s an alternative for people who
Helping you save and pay for health care expenses now and in the future
Helping you save and pay for health care expenses now and in the future Aetna HealthFund Health Savings Account (HSA) Health coverage plus a health savings account all rolled into one 13.02.336.1 (10/09)
Aetna HealthFund Health Savings Account
Aetna HealthFund Health Savings Account Take control of your health care and your health care dollars! Small Group 41.02.326.1 B (9/08) Aetna is the brand name used for products and services provided by
Your Guide to the Health Care Flexible Spending Account and the Health Savings Account
Your Guide to the Health Care Flexible Spending Account and the Health Savings Account TABLE OF CONTENTS Introduction...1 Health Care Flexible Spending Account...2 What Is The Health Care FSA?...2 When
Aetna HealthFund Health Savings Account
Aetna HealthFund Health Savings Account Take control of your health care and your health care dollars! Small Group 41.02.326.1 E (11/10) Aetna is the brand name used for products and services provided
HEALTH SAVINGS ACCOUNT (HSA)
HSAs Triple Tax Advantage Public Employees Benefits Program HEALTH SAVINGS ACCOUNT (HSA) HSAs can be especially beneficial at tax time! One of the key benefits of an HSA is a triple tax advantage! An HSA
Orange High Deductible Health Plan (HDHP) with Health Savings Account (HSA) HDHP Basics
Orange High Deductible Health Plan (HDHP) with Health Savings Account (HSA) FAQ (Frequently Asked Questions): The following questions and answers will help you better understand Hope College s New High
2015 Health Savings Account (HSA) Frequently Asked Questions. Table of Contents
2015 Health Savings Account (HSA) Frequently Asked Questions Table of Contents Health Savings Account (HSA) Plans What is a Health Savings Account (HSA)?...pg. 1 How does an IU Health HSA work?...pg. 1
A Guide to Using your Consumer-Directed Health Plan (CDHP)
A Guide to Using your Consumer-Directed Health Plan (CDHP) and Health Savings Account (HSA) A Guide to Using Your At The Hartford, we offer competitive benefits and programs to help you live well and coverage
Welcome to your Premera HSA plan!
Welcome to your Premera HSA plan! You re enrolled in the HSA plan from Premera Blue Cross. It comes fully assembled and integrated, so you can immediately enjoy the financial advantages of its health savings
IU High Deductible Health Plan Health Savings Account. Get Healthy and Get Ahead with the HDHP PPO Plan
IU High Deductible Health Plan Health Savings Account & Get Healthy and Get Ahead with the HDHP PPO Plan 2014 PLAN 1Plan Advantages Medical Coverage ADVANTAGE The HDHP PPO & HSA has several advantages
What am I supposed to do with this card?
You got this card in the mail. Which leads you to ask, What am I supposed to do with this card? This card will help you pay f out-of-pocket health care expenses. Which medical option are you enrolled in?
FREQUENTLY ASKED QUESTIONS HEALTH SAVINGS ACCOUNTS
FREQUENTLY ASKED QUESTIONS HEALTH SAVINGS ACCOUNTS What is an HSA? A health savings account (HSA) is a tax-favored savings account created for the purpose of paying medical expenses. Tax-deductible Contributions
Frequently Asked Questions on Consumer-Driven Health Plan and Health Savings Accounts
Frequently Asked Questions on Consumer-Driven Health Plan and Health Savings Accounts In 2007, Dow Corning implemented a Consumer-Driven Health Plan (CDHP) option that includes a Health Savings Account
Transcript: CHOOSING UNIVERSITY MEDICAL INSURANCE VIDEO
[Intro music and then music fades.] The University of Missouri System offers different options for medical insurance. We want to help you choose which plan is right for you. There are three plans to examine:
Your Health Savings Account Reference Guide. Your Guide to Understanding a Health Savings Account
Your Health Savings Account Reference Guide Your Guide to Understanding a Health Savings Account Table of contents The Fidelity HSA...1 Opening and Contributing to Your Fidelity HSA...3 Using Your Fidelity
2015 BENEFITS. There are important decisions to make. Look inside to learn more.
2015 BENEFITS There are important decisions to make. Look inside to learn more. 1 Welcome to Enable Midstream! This is an exciting time to work at Enable Midstream. We are so glad you are part of our team.
Understanding Your Aetna HealthFund Health Savings Account (HSA)
Understanding Your Aetna HealthFund Health Savings Account (HSA) Frequently Asked Questions (FAQs) THE BASICS What is a Health Savings Account (HSA)? An HSA is a tax-advantaged account that you own. With
Health Savings Account (HSA) Frequently Asked Questions
1. What is an HSA? A Health Savings Account (HSA) is a personal bank account created exclusively for individuals to pay for eligible health expenses and save for future healthcare expenses tax-free. Tax-deductible
HEALTH SAVINGS ACCOUNT Q&A
HEALTH SAVINGS ACCOUNT Q&A HSA BASICS What is a health savings account or HSA? A health savings account (HSA) is a tax sheltered savings account, which is only offered to people who are covered under a
Northeastern University 2015 Medical Benefits
Northeastern University 2015 Medical Benefits Northeastern s 2015 Open Enrollment Effective Date: January 1, 2015 2015 Medical Plan Options Blue Choice New England Core POS Plan New Plan Blue Choice New
HSA FAQs. Get the answers you re looking for
HSA FAQs Get the answers you re looking for 1. What is a Health Savings Account (HSA)? 2. How is using an HSA like giving myself a raise? 3. Am I eligible for an HSA? 4. What happens if I don t use all
2015 HSA Plan Quick Guide
2015 HSA Plan Quick Guide The HSA Plan consists of two parts that work together to give you more control over how you receive and pay for medical care and services, both now and in the future: the Health
Helping you save and pay for health care expenses now and in the future Aetna HealthFund Health Savings Account (HSA)
Quality health plans & benefits Healthier living Financial well-being Intelligent solutions Helping you save and pay for health care expenses now and in the future Aetna HealthFund Health Savings Account
Medical Insurance Part 2 - Deductible and Prevention Plans
KAISER PERMANENTE FOR INDIVIDUALS AND FAMILIES Deductible Plans How Deductible plans work Deductible plans generally offer lower monthly premiums in exchange for higher out-of-pocket payments for covered
HSA Frequently Asked Questions
Like knowing what you re spending on health care costs? Then an HSA may be just the right thing for you. It puts your health care spending in your hands. Which is pretty cool. Want to know a little more?
High Deductible Health Plan (HDHP) and Health Savings Account (HSA) Frequently Asked Questions CY2015
High Deductible Health Plan (HDHP) and Health Savings Account (HSA) Frequently Asked Questions CY2015 High Deductible Health Plan 1. What is a deductible? A. A deductible is a fixed amount of money that
Aetna HealthFund Health Savings Account
Aetna HealthFund Health Savings Account Take control of your health care and your health care dollars! 14.02.305.1 D (12/08) Aetna is the brand name used for products and services provided by one or more
FAQs: Health Savings Accounts (HSA)
FAQs: Health Savings Accounts (HSA) Thank you for choosing NTA Life Business Servicess Group, Inc. to be your HSA provider. We want to make it easy for you to manage and maintain your Health Savings Account,
Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS. What is a Health Savings Account (HSA)?
Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS What is a Health Savings Account (HSA)? An HSA is a special, tax advantaged account that that is owned by you and is
Coverage and a smart way to help pay for it Aetna HealthFund Health Savings Account (HSA) Plan
Quality health plans & benefits Healthier living Financial well-being Intelligent solutions Coverage and a smart way to help pay for it Aetna HealthFund Health Savings Account (HSA) Plan www.aetna.com
HSA Frequently Asked Questions Members
Like knowing that you re spending on health care costs? Then an HSA may be just the right thing for you. It puts your health care spending in your hands, which is pretty cool. Want to know a little more?
Understanding Health Savings Accounts (HSAs) HSA Bank is a division of Webster Bank, N.A., Member FDIC.
Understanding Health Savings Accounts (HSAs) What is an HSA? A tax-advantaged savings account that you use to pay for qualified medical expenses not covered by the CDHP, including deductibles, co-pays,
Consumer Driven Health Plan (CDHP) Questions. Health Savings Account (HSA) Questions:
Consumer Driven Health Plan (CDHP) Questions Q1: What is a CDHP? A: A CDHP is a plan with a high deductible and a Health Savings Account component. The goal of such a plan is to create better consumers
From Community Unit School District 303
From Community Unit School District 303 Medical Plan Options for 2016 D303 and your Insurance Committee are pleased to offer exciting new benefit options for 2016. District 303 (D303) will offer only three
Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS. What is a Health Savings Account (HSA)?
Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS What is a Health Savings Account (HSA)? An HSA is a special, tax advantaged account that is owned by you and is designed
FAQs: Health Savings Accounts
What is a Health Savings Account? A Health Savings Account (HSA) is a savings product that allows individuals to pay for current qualified medical expenses and save toward future medical expenses on a
Harvard University 2015 Medical Benefits. High Deductible Health Plan with Health Savings Account Introduction
Harvard University 2015 Medical Benefits High Deductible Health Plan with Health Savings Account Introduction Topics for Discussion High Deductible Health Plan (HDHP) Why Consider? High Deductible Health
Health Savings Accounts
1 Health Savings Accounts Health Savings Accounts Our agenda: Basics about HSAs. Eligibility for an HSA. Contribution, deductible & out-of-pocket limits. Account tips. 2 HSAs The Basics What is a Health
Cigna Choice Fund Health Savings Account (HSA) Client Name State of Montana March 4, 2013
Cigna Choice Fund Health Savings Account (HSA) Client Name State of Montana March 4, 2013 What Is a Health Savings Account (HSA) Plan? Qualified Medical Plan + Health Savings = Bank Account Tax Advantaged
Together for a great state of health Health Savings Plan (HSP) with a Health Savings Account (HSA)
Together for a great state of health Health Savings Plan (HSP) with a Health Savings Account (HSA) 2016 Benefits About Blue Shield of California Not-for-profit health plan with over 70 years of experience.
An Introduction to Health Savings Accounts (HSAs)
An Introduction to Health Savings Accounts (HSAs) This document provides some basic information about Health Savings Accounts, including: HSA eligibility HSA contributions HSA distributions How the account
Health Savings Account (HSA)
Health Savings Account (HSA) Your employer is offering you the opportunity to enroll in a Health Savings Account, or HSA. An HSA is a tax-advantaged account, owned by an individual who makes account contributions
Iowa, Illinois, and Tennessee. Heritage Options Health Savings Account HSA
Iowa, Illinois, and Tennessee Heritage Options Health Savings Account HSA The Heritage Options HSA (Health Savings Account) can give you a new, flexible approach to health care. By choosing a qualified
In-Network Benefits. NationalOne 2600/5200 HDHP- HSA. NationalOne 200-25. Available to: Deductible. Medical Out-of-pocket Maximum
2 In-Network Benefits Available to: Deductible Medical Out-of-pocket Maximum NationalOne 200-25 ALL Units $200 individual $600 family $500 individual $1,000 family NationalOne 2600/5200 HDHP- HSA Clerical,
Corporate Health Exchange Frequently Asked Questions
Corporate Health Exchange Frequently Asked Questions FAQs Quick Start Menu If you have a specific question, see if it s here in the list below and click on the link to be taken directly to the answer you
Health Savings Account
Health Savings Account The Exclusive U.S. Bank Five Star Service Guarantee. Other banks promise great service, but only U.S. Bank guarantees it with our exclusive Five Star Service Guarantee. For more
Know What to Expect: Your Medical Savings Plan User s Guide
Freescale Employee Benefits Know What to Expect: Your Medical Savings Plan User s Guide STOP Read this before you visit the doctor or pharmacy and use it as a handy reference year round! Medical Savings
take care Healthcare Flexible Spending Account
take care Healthcare Flexible Spending Account Healthcare costs are on the rise. The costs of co-payments, prescription drugs, eyeglasses, and dental work for you and your family can really add up. With
Health Savings Accounts Frequently Asked Questions
Health Savings Accounts Frequently Asked Questions Health savings accounts put your health care spending in your own hands. You decide when and how to use your health care dollars and you can save on taxes
Retiree Health Care Plan Benefits 2012 Enrollment Guide. Medical Coverage: Pre-Medicare Retirees
Retiree Health Care Plan Benefits 2012 Enrollment Guide Medical Coverage: Pre-Medicare Retirees You ll choose from four medical plans: Basic, Comprehensive, Health Reimbursement Arrangement (HRA) and Health
Your Health Savings Account Reference Guide. Your Guide to Understanding a Health Savings Account
Your Health Savings Account Reference Guide Your Guide to Understanding a Health Savings Account The Fidelity HSA A tax-advantaged way to pay for health care expenses* A health savings account (HSA), combined
Healthy Directions. Information for Employees
Healthy Directions Information for Employees U.S. Employees with Salaried Health Care Benefits Healthy Directions is our company s approach to health and health care. Healthy Directions provides two medical
Options Blue affordable coverage with a tax-advantaged account
Options Blue SM Options Blue affordable coverage with a tax-advantaged account A smart move for individuals and families who like to plan and save 2010 The health plans that help you save money Options
Straight Facts About the Advantage+ Health Plan
Benefits and Compensation Annual Enrollment Straight Facts About the Advantage+ Health Plan The Advantage+ health plan has unique features that can appeal to a wide range of employees. The key features
2015 Health Plan Options Employee Meeting FAQ s
Hormel Foods Health Plans... 1 HSA Questions... 3 FSA & LPFSA... 6 Earning Interest & Investing... 7 Taxes... 8 Retirement & Preparing for Retirement... 8 Miscellaneous... 9 NOTE: These FAQ s are provided
WealthCare Health Savings Account
Welcome to your WealthCare Health Savings Account Enclosed is everything you need to help you learn how to use your HSA. Let s get started! effective 1/1/2015 Congratulations! Thank you for opening a Health
2015 RETIREE BENEFITS BULLETIN
BENEFITS BULLETIN 2015 RETIREE BENEFITS BULLETIN This bulletin describes benefit changes and coverage provisions effective Jan. 1, 2015. This bulletin updates the complete summary of coverage described
Health Savings Account Questions and Answers
Health Savings Account Questions and Answers Health Savings Account Basics 1. What is a Health Savings Account (HSA)? An HSA is a trust or custodial account established exclusively to receive tax-favored
Purdue Choice Fund Health S i av A ngs t ccoun (HSA)
Purdue Choice Fund Health Savings Account (HSA) What Is a Health Savings Account (HSA) Plan? Qualified Medical Plan + Health Savings = Bank Account Tax Advantaged HSA Plan A tax advantaged health plan
Health. Savings. Accounts. See the difference.
Health Savings Accounts See the difference. Better manage and control your rising healthcare costs and premiums with a Seven Seventeen Health Savings Account. As an employer, providing healthcare benefits
B The Bancorp Bank HSA Program Overview. for. Excellus
B The Bancorp Bank HSA Program Overview for Overview of The Bancorp Bank HSA Solution for Excellus Agenda Introduction to The Bancorp Bank HSA Eligibility, Features and Benefits Contributions, Distributions
Your Fidelity Health Savings Account. Information to help make the most of your new health savings account
Your Fidelity Health Savings Account Information to help make the most of your new health savings account Your Fidelity HSA The health savings approach that makes sense for today. And for tomorrow. Congratulations
Frequently Asked Questions
Frequently Asked Questions What is a Health Savings Account (HSA)? A Health Savings Account (HSA) is an alternative to traditional health insurance; it is a savings product that offers a different way
PNC Health Savings Account
PNC Health Savings Account FREQUENTLY ASKED QUESTIONS Thank you for choosing PNC to be your HSA provider. Enclosed is everything you need to know about opening your account. Should you have questions about
YOUR CIGNA CHOICE FUND HEALTH SAVINGS ACCOUNT
YOUR CIGNA CHOICE FUND HEALTH SAVINGS ACCOUNT Your health plan plus a Health Savings Account PLAN YEAR: January 1,2014 838559 d Offered by: Connecticut General Life Insurance Company or Cigna Health and
Are you ready to start funding a healthy future? Fifth Third Bank Health Savings Account
Are you ready to start funding a healthy future? Fifth Third Bank Health Savings Account A smart savings plan that s the picture of good health You ve made a good decision by choosing a Fifth Third Bank