Health Savings Account Qualified Plan

1. Health Savings Account Qualified Plan HSA What is it and how does it work?

2. What is a HSA? A Health Savings Account Qualified Plan allows you to set aside your pre-tax income to pay for health related expenses .

3. HSA Features and Plan Design You have the ability to set aside 100% of the Plan Deductible into your HSA. • Plan Design • Deductible In-Network Out-of-Network • Individual $1,500 $1,500 • Family $3,000 $3,000

4. HSA Features and Plan Design You have the ability to set aside 100% of the Plan Deductible into your HSA. You have the ability to set aside100% of the Plan Deductibleinto your HSA. • Plan Design • Deductible In-Network Out-of-Network • Individual $1,500 $1,500 • Family $3,000 $3,000 Individuals can set aside $1,500 and $3,000 for a family in their HSA! Coinsurance 20% after deductible 30% after deductible Out of Pocket Max* Individual $2,500 $5,000 Family $5,000 $10,000 * After deductible and copays

5. What are the benefits? • Tax Advantages – Contributions are pre-tax. • Make Money – Your account balance earns interest! • HSAs are not “use or lose” – your account balance can roll from year to year. • Portability – If you leave your current job for any reason, your HSA can be used through you new employers health plan.

6. Example Are are in individual who has set aside the maximum $1,500 in your HSA. You have a $5,000 hospital charge that includes a surgical operation and a three day stay in an in-network hospital. You are responsible for: $5,000 Surgery and Hospital stay $5,000 Charge - $1,500 Pre-tax HSA $3,500 Balance x 20 % Coinsurance $ 700 Out of Pocket Total Out of Pocket: $2,200

7. How do I make informed consumer decisions? • Your employer wants you to have the tools available to make smart, consumer-oriented health care decisions. One such tool is HSB HealthWatch, available as a link through the HSB website. As part of your plan, HSB HealthWatch gives you: • an assessment and tracking of your health status • personalized stage-based information • medical self-care information • daily health news

8. FAQ Q: How can I make my HSA last? A: When buying a brand-name prescription, ask if a generic medication is available – there is a good chance that a less expensive generic alternative is available. Generics contain the same active ingredients as brand name counterparts and are subject to the same strict FDA quality standards. Also, ask yourself if a trip to the doctor’s office is necessary. Use the tools available like HSB HealthWatch, E-Doc or WebMD to self-diagnose health problems you may be experiencing. There are many OTC prescription strength medications available that are less expensive and more easily accessible than a doctor’s prescription.

9. FAQ (Continued) Q: If I don’t use my HSA this year, can it roll over to the following plan year? A: Yes, it’s your money! Unlike FSA dollars, any unused balance in your HSA will roll to the next plan year. Q: If I am no longer with my employer, is any unused balance in my HSA my money to keep? A: Yes. If you choose to leave, are terminated, or retire, you can take your HSA with you. Complete portability is a great benefit to a Health Savings Account.