How To Get A Health Savings Account

Transcription

1 Ao Hewitt Health Solutios Health Savigs Accouts (HSAs) Risk. Reisurace. Huma Resources.

2 Takig Care of Health Care Costs Today s employers are takig bold ad assertive steps to ivest i health ad performace programs. At the same time, they are adoptig a less pateralistic approach to maagig employee beefits like health care ad retiremet. By egagig employees ad askig them to take icreased owership of their ow health ad fiacial well-beig, employers are empowerig the workforce to become smarter cosumers with overwhelmigly positive results. Studies have show that employees who are actively ivolved i their health care experiece better outcomes. They also express higher rates of satisfactio, both with their employers ad their health plas. Ao Hewitt has over 80 years of experiece workig with leadig orgaizatios to help drive their health ad retiremet strategies. Our comprehesive portfolio of solutios seamlessly itegrates with your beefits program ad provides expert educatio ad guidace to your employees so they ca make the right choices whe faced with these importat decisios. Reimagiig Health Care with Health Savigs Accouts Providig attractive health care beefits does t have to be expesive. A Health Savigs Accout (HSA), combied with a high-deductible health pla strategy, provides employees with a valuable beefit while helpig to keep a lid o rapidly escalatig health care costs. HSAs use accumulated tax-free cotributios to pay for health care costs icludig doctor ad hospital visits, co-paymets, eyeglasses, prescriptios, certai log-term care services, ad COBRA isurace premiums for employees, their spouses, ad ay other tax depedets. Employees get the beefit of tax savigs ad the coveiece of payroll deductios Cotributios are 100% tax deductible, similar to a IRA Employees maitai cotrol over whe to use their fuds Sice a HSA is a persoal accout, it belogs to the employee ad is 100% portable Withdrawals to pay for qualified medical expeses are ever taxed You beefit by ot payig payroll taxes o employee cotributios Easig the Fiacial Burde of Retiremet Medical expeses ca be fiacially draiig durig retiremet ad most employees do t adequately pla for their future health care costs. HSAs ca be used to supplemet defied cotributio retiremet accouts ad prepare employees for out-of-pocket medical costs. Cotributios ca roll over from year to year, creatig a sizable est egg for future use.

3 How We Ca Help You Across the atio, Ao Hewitt serves thousads of cliets represetig all major idustries. We have the expertise ad resources to provide the right cosumer-directed beefits to your employees. Our HSA solutio delivers the followig advatages: Desig Cosultatio. We share idustry isights, best practices, ideas, ad suggestios based o our experiece ad successess. Implemetatio. Our team of experts hadles all the heavy liftig by gatherig requiremets, maagig a timelie, ad implemetig all the developmet efforts ad activities to esure we execute with quality ad meet your desired live date. Ogoig Support. A dedicated accout team respods to all your iquiries to esure we are deliverig with quality. Commuicatio Support. Our comprehesive commuicatio solutios help educate your employees o the value of erollig i the pla, explai how a HSA works, ad how to avigate ad best utilize their pla. Iovative Techology Platform. Ao Hewitt s leadig-edge techology is usurpassed i accuracy, cosistecy, ad stability. Our robust website ad mobile applicatio make it easy for employees to keep track of persoalized details from accout balaces to eligible expeses. Compliace Expertise. We advise ad assist you i makig the appropriate regulatory decisios ad implemet ay ecessary chages to esure you meet compliace deadlies. Itegratio. Oe vedor hadles all reimbursemet admiistratio resposibilities with a sigle phoe umber, website, ad debit card, makig it easy for your employees to access their accouts.

4 Employee Services We work closely with you to customize a competitive ad cost-effective solutio for your employees that is fully aliged with your cosumer-drive health strategy. Easy-to-Use Reimbursemet Accout Optios. Our debit card techology allows employees to maage oe or more accouts with a sigle card. Pay provider ad pay-me-back fuctioality are also available as methods of reimbursemet. Ogoig Support. Our itegrated, cross-traied, ad cross-fuctioal service teams stad ready to help your employees ad their depedets with claim iquiries, accout iformatio, chage maagemet, ad may other health ad beefit-related issues. For situatios that are ot easily resolved, we offer a first-rate advocacy solutio. User-Friedly Accout Tools. A suite of iovative resources, icludig a tax savigs calculator, FAQs, ad various commuicatio chaels is available to help employees uderstad ad avigate their HSA.

5 A Desig for Every Cosumer Ao Hewitt parters with UMB Healthcare Services, a divisio of UMB Bak N.A. (UMBF), as the custodia ad ivestmet provider for our HSA offerig. The combiatio of Ao Hewitt s idustry-leadig reimbursemet accout solutios ad UMBF s experiece ad strog HSA fiacial optios offers a attractive ed-to-ed solutio for you ad your employees. From the mailroom to the boardroom, our solutio is desiged to make it easy for every employee to save or sped usig oe of the followig optios withi their HSA accout: Base Accout All HSA cotributios deposited to base accout Tiered iterest rates based o balace All distributios made from base accout FDIC-isured Tax reportig from base accout Federated Moey Market Sweep Allows fuds to be readily available at time of eed Provides for potetially higher yields o balaces over $1,000 i base accout Requires o maual itervetio after olie erollmet Charges o additioal fees Brokerage Accout Self-directed optio through UMB Fiacial Services Comprehesive ivestmet website Mixed portfolio ivestmet optio, similar to a 401(k) Ability to ivest usig percetages to create a mixed portfolio, similar to 401(k) Miimal ivestmet fee I additio to HSA admiistratio, we offer a full suite of reimbursemet accout solutios icludig: Flexible spedig accouts Limited use FSAs/HRAs Health reimbursemet accouts Welless icetive plas Premium reimbursemet Adoptio reimbursemet Tuitio reimbursemet Commuter reimbursemets Retiree health accouts As the world s leadig HR solutios ad isurace brokerage firm, Ao Hewitt uderstads reimbursemet accouts better tha ayoe. Our market-leadig service delivery model seamlessly itegrates with health ad welfare outsourcig services, ad boasts a umatched claims-processig capability with a strog focus o best practices.

6 Cotacts Cotacts To lear more, visit ao.com/reimbursemetaccoutsolutios or cotact us at About About the Ao Busiess Hewitt Uit Iquiadus Ao Hewitt aut empowers vetia ihitat orgaizatios volo coreper ad ududae. idividuals Eheis to eossim secure a si better sit occatur future aderupturi through iovative quid ut dolorerum talet, retiremet, repudam commod ad health ma solutios. doluptate We re advise, volum desig, comiss ad utiosto execute verum a wide eos rage ullabo. of solutios Itatio imagim that eable eum cliets sutio to cultivate corete dolorest talet to harchiciae drive orgaizatioal rempele ctatquam, ad persoal omim performace dollorrum ad ipsut growth, adi avigate de plab retiremet idis aria coreperum risk while providig que impore ew icietem. levels of fiacial Mo commos dolupta quiam, soluptas secusdaist qui cum imi exceped eatur si sercili tiosam quam exceped quiae miliatum aut quias ipicabo. Geis coseceaque ma veim quia cus exero estrum am quatibus eatias il imus comis et reperore possit Gita dolupta simporero co es atem atur si ut alibusdat, soluptat a dolupta temosaperio eseque eturio sequidit, security, ad co redefie esequid quo health tem solutios et everciist for greater mi o choice, rem esequi optatus affordability, ad excerat ad welless. iistrum adam, Ao Hewitt es ossimil is the global et esequat leader is i perem huma ea resource cum o solutios, plique quis with voluptatet over 30,000 dolorro professioals esciet a i dolupta 90 coutries volorio servig rumquasit more volut tha 20,000 et eum cliets illab ici worldwide. dolupta For turestem more iformatio eum voledi o Ao doluptaquo Hewitt, please derum visit ossequibus. aohewitt.com. Ra debitio reptusam et magis et deribus sequist ruptat exerum est esed quae dit laborectur? Xeratur remoluptas doluptatur? Is ipsam site odis as osequidel ipite sa sequidutium exeri ducillacia pre e core porectur accupid quia ipsam quas am fuga. Nam lacerspedit assi re di ut aceped maio. Equodit, as. Aborecae. Nimoluptate doloret hillecta de derio.

7 About Ao Ao plc (NYSE:AON) is the leadig global provider of risk maagemet, isurace ad reisurace brokerage, ad huma resources solutios ad outsourcig services. Through its more tha 66,000 colleagues worldwide, Ao uites to empower results for cliets i over 120 coutries via iovative ad effective risk ad people solutios ad through idustry-leadig global resources ad techical expertise. Ao has bee amed repeatedly as the world s best broker, best isurace itermediary, best reisurace itermediary, best captives maager, ad best employee beefits cosultig firm by multiple idustry sources. Visit ao.com for more iformatio o Ao ad ao.com/ machesteruited to lear about Ao s global partership with Machester Uited. Ao plc All rights reserved. The iformatio cotaied herei ad the statemets expressed are of a geeral ature ad are ot iteded to address the circumstaces of ay particular idividual or etity. Although we edeavor to provide accurate ad timely iformatio ad use sources we cosider reliable, there ca be o guaratee that such iformatio is accurate as of the date it is received or that it will cotiue to be accurate i the future. No oe should act o such iformatio without appropriate professioal advice after a thorough examiatio of the particular situatio. Risk. Reisurace. Huma Resources.