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Regence HSA Healthplan A new kind of health care coverage HSA for America Regence HSA Healthplan What is an HSA? How does it work? The Power of HSA The Power of Regence Banking Partners Seamless Integration – Regence Financial Services Banking Solution – HSA Bank
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Regence HSA Healthplan A new kind of health care coverage HSA for America
Regence HSA Healthplan • What is an HSA? How does it work? • The Power of HSA • The Power of Regence • Banking Partners • Seamless Integration – Regence Financial Services • Banking Solution – HSA Bank • Banking Solution – Wells Fargo • Comparison of Banking Partners
Health Savings Accounts: How it Works Enroll in an HSA-qualified health plan coverage under the health plan kicks in once the deductible is reached Open a Health Savings Account the account belongs to the member contributions are tax-deductible The health plan and HSA work together start paying for qualified medical expenses from the HSA right away save and invest for future health care expenses or retirement
Members must be covered by an HSA-Qualified health plan to be eligible for a Health Savings Account Premiums are generally more affordable than traditional health plans Youcontrol your overall costs by determining how much you’d like to fund the savings account with your savings in premium on the health plan More About the Health Plan • IRS Rules for • HSA-Qualified Health Plans • Larger deductible amounts • Maximum OOP amounts • Preventive care can be offered before the deductible • Prescription benefits are built into the medical plan
More about the HSA • Contribution to the account • Annual contribution maximums are determined by the IRS • Anyone can make contributions to the member’s savings account • Contributions are fully tax-deductible for the member • Ownership & use of the account • The member owns the funds permanently, which roll-over each year and follow you wherever you go • HSA funds can be invested for future medical expenses or retirement • HSA funds can be spent tax-free for qualified medical expenses HSA-Qualified Medical Expenses Expenses covered by the health plan, such as… Expenses over and above what’s covered by the health plan, such as… • Deductibles • Coinsurance • Prescription medications • Alternative care • OTC medications • Contacts & Glasses • Lasik eye surgery • Weight-loss surgery • And many more!
Eligibility to the Regence HSA Healthplan Same Regence BlueCross BlueShield Individual medical plan eligibility guidelines apply Eligibility to the savings account (IRS guidelines) Members must meet the following IRS guidelines to open an HSA Must be enrolled in an HSA-qualified health plan Not have coverage under another health plan, such as a spouse’s plan Cannot be enrolled in Medicare Cannot be claimed as a dependent on someone else’s tax return Eligibility Rules
HSA: A Different Kind of Health Plan Contribution Control You choose the contribution amount, giving you more control over your annual health care costs You have ultimate choice – you can spend your HSA funds today on services you choose, or save them for future health care expenses Plan Personalization Your contribution expenses become growing assets, as they roll over each year and even offer tax-free investment Roll Over • You have ultimate ownership over their health care dollars • You own the funds • You own the decisions OWNERSHIP
Triple Tax Advantages When money goes in When money grows When money comes out Tax Free Contributions are not included in the member’s taxable income Tax Free Interest and investment gains are not taxed Tax Free Money for qualified medical expenses can be withdrawn tax-free An HSA is the only investment opportunity that offers this unique triple tax savings
Regence’s Full Service Solution Unlimited, upfront preventive care and built-in wellness programs Coverage against the unexpected Robust Benefit Package Guided tours from the basis to plan customization and total ownership Navigational Tools Personalized Support Multiple lifelines for personalized support Support at each step of the way, with an option for seamless integration
Unlimited preventive care coverage before the deductible gives you access to the care you and your family are most likely to use Built-in wellness programs help you lead healthier life, including: 24 access to CareEnhance® Nurseline Regence Health Coaches for 1:1 support Special Beginnings maternity program Robust Benefit Package Preventive Wellness Financial Protection • Catastrophic coverage protects you against the unexpected
Benefit Snapshot Benefit Options In-Network Out-of-Network Provider Networks Traditional or ValueCare Non-Contracting Providers Deductible Options $1,500 single / $3,000 family $2,500 single / $5,000 family $3,500 single / $7,000 family OOP Maximum $5,000 single / $10,000 family Coinsurance 80% 60% Preventive Care Deductible waived No annual limits 80% coinsurance Deductible waived No annual limits 60% coinsurance Office Visits Deductible & Coinsurance Deductible & Coinsurance Prescriptions 50% (Subject to medical deductible) Lifetime Maximum $2 million
Navigational Tools • Guided tour takes members through the set-up process and HSA resources HSA Flash Tutorial Personalized 1:1 Support • HSA-trained customer service advocates • 24-hour Nurseline • Personal health coaches • Scenario-based education tool & calculator for plan selection Your Guide to HSA Member Welcome Kit myRegence.com • A community of Regence members • Ask-the-HSA Expert • Podcasts, webinars and helpful articles Welcome.
Introducing Regence Financial Services CAUSE Reducing Waste, Confusion & Fear • Integrated Enrollment one implementation process • Integrated Claims automaticpayment • Regence Member Service single source for help • Integrated online access tools to manage wealth & health • Flexible options customized to your needs = = COMMUNITY Leveraging the Power of our Members = = = CONSUMERISM Actively Engaging our Members in their Health Care Decisions Simple Solutions - Powerful Tools - One Point Of Accountability Regence Financial Services
RFS – Industry-Leading Services • One website for all your needs • Online enrollment • Review account balances, payment status, contributions, and transactions • Enroll or change investment choices • Make payments from HSA account • Monthly consolidated statements • Activity from all accounts held by the member will be summarized on a statement, including: • Debit card transactions • Payments, contributions, and balances • Investment activity Unmatched Online Services Easy Money Management
RFS – Investment Optimization • HSA Investments • Members can invest in more than 60 funds, managed by Fiserv Trust Company • One low monthly fee for participation in investments • After initial investment of $500, investments can be made in increments as low as $25 each • Online enrollment & investment management via myRegence.com • Competitive interest rates paid on funds that are not invested
RFS (Blue Healthcare Bank) Rate Chart * Monthly fees waived if balance is over $2,000
HSA Bank Banking Experience • A national leader in HSA Accounts with a high level of experience • Provides both online and paper enrollment • Website allows members to check account balance, transfer funds, and integrates with MS Money or Quicken • Debit card, checks and manual reimbursement available Investment Options • Employees can transfer funds easily between their HSA account and the Brokerage • Access to stocks, bonds, and over 11,000 mutual funds • Employees can make trades online, over the phone, or through a broker
Wells Fargo Bank Banking Experience • Wells Fargo is one of the largest Financial Services institutions in the nation • Paper enrollment only • Website allows members to view account balance and download forms • Funds are accessed through debit cards or through manual reimbursement requests – reimbursements are direct deposited to employees account Investment Options • 6 different investment options are available • Options range from more conservative money market funds to a 100% equity option
Regence HSA Healthplan • Regence offers a full-service HSA solution, with: • A robust benefit package that combines comprehensive preventive care and wellness programs with solid coverage • A full suite of member tools and personalized support to facilitate navigation at every step of the way • Providing one-stop integrated service for both health plan and financial services
