}, 26 Yes, but these funds are subject to an additional 20% tax penalty, except when an individual is 65 or older, disabled or died during the year. }, 14 Funds may be withdrawn for non-qualified expenses with penalty. Funds are forfeited. $15.5. Consumer-Initiated Payment on Consumer Portal, Claims Exchange with auto-pay or Expense Tracker, One-stop solution for all consumer driven healthcare accounts, Consumers may send payment directly to the parties who need payment. 2018: $3, individual \u2013 $6, family. }, 24 }, 15 They are tax free and help make health care more affordable. 2018 Health Savings AccountsContribution Limits, Deductibles and Out-of-Pocket Expenses Minimum Deductible Maximum Out-of-Pocket Contribution Limit 55+ Contribution SINGLE $1,350 $6,550 $3,450 $1,000 FAMILY $2,700 $13,300 $6,900 "@type": "ImageObject", The unmatched flexibility of HSAs allows employees to use their funds . Features. Allows contributions by the employer and employee. Use \u2018Quick View\u2019 to view graphs. $30.2. Since 1998, weve helped Americans access quality and affordable benefits that have saved our participants over $2 billion. ", Claims Exchange with auto-pay or Expense Tracker. HSAs are individually owned, tax exempt trust accounts that can save employees approximately 30% in taxes on everyday health care expenses. "@context": "http://schema.org", ", Stacked Card. Welcome to Benefit Strategies! Contributions made by payroll deduction, check, transfer. Compliance\u2026 Reconciliation and proactive maintenance of accounts. "description": "Replace Employees with Consumers, Members, Participants as needed. No. Net Investment with Returns Analytics. ", "description": "Stock Market at-a-glance. What expenses can be reimbursed All IRS-defined medical expenses. Mobile App. No. HSA Investment ExperienceStock Market at-a-glance HSA Investment Account Homepage! One-stop solution for all consumer driven healthcare accounts. 24% HSA Growth Potential for people to put money into an HSAPercent 29.0 31.3 33.9 36.9 36.7 39.4 NOTES: CDHP is consumer-directed health plan, which is a high deductible health plan (HDHP) with a health savings account (HSA). "width": "1024" { Benefit Strategies takes data protection seriously. "name": "Account Characteristics", To make this website work, we log user data and share it with processors. Enter & view expense info via \u2018expense tracker\u2019 Report a debit card as lost or stolen. { "width": "1024" Employees can spend Download Now | Get everything you need, all in one place with EBC Mobile. Consumer Employer Who contributes to the account? Paperless banking transactions \u2013 NACHA file generated for you. Insert your logo here. "description": "Percent NOTES: CDHP is consumer-directed health plan, which is a high deductible health plan (HDHP) with a health savings account (HSA). Consumer is responsible for substantiating the use of funds. FSA. No. Compliance processing (OFAC\/CIP\/IDV) Debit Card real-time integration and compliance. Do you have access. $6,900. Beginning 1/1/13, limited to $2,500 per covered employee. We focus on increasing participation, engaging account holders, and delivering service that keeps your people happy, We respond to questions and requests quickly so youre not left spinning your wheels, We remove admistrative and regulatory burdens that come with employee benefit programs, keeping employers protected and compliant at all times. 2014 HSA Bank. { "@type": "ImageObject", "@type": "ImageObject", Invest in your health with a Health Savings Account. Attractive investments. 40% of HSA enrollees hold onto accounts for at least 3 years. Download the app today and experience the convenience of going mobile! { Potential for people to put money into an HSA 24% of people covered by an HDHP do not have an HSA and may be eligible to open one In 2016, 39.4% of persons under age 65 with private health insurance were enrolled in an HDHP, including 15.5% who were enrolled in a CDHP (an HDHP with a health savings account [HSA]) and 23.9% who were enrolled in an HDHP without an HSA. in 2018, growing to estimated $53.2B. "contentUrl": "https://slideplayer.com/slide/15439671/93/images/6/HSA+Spotlight+Total+assets+today+%2437B.jpg", The scores fall on an index ranging from -100 to 100. Data are based on household interviews of a sample of the civilian noninstitutionalized population. We think you have liked this presentation. }, 10 Funds may be invested and earn interest for greater savings potential. Over 200,000 employers and more than 17 million participants across the United States are on the WEX Health Cloud. $24.2. ", "@context": "http://schema.org", "name": "Integrated HSA Investments", "width": "1024" }, 12 "width": "1024" To use this website, you must agree to our, Why Our HSA Program is Right for Your Business, Why Our HSA Program is Right for Your Employees, An HSA is a tax-advantaged account for the purpose of paying for eligible medical expenses, Allows contributions by the employer and employee, HSAs are available only to individuals with qualifying High Deductible Health Plan (HDHP) coverage, Not available to those receiving benefits under Medicare. "@context": "http://schema.org", HSA Account Summary. "@context": "http://schema.org", $2,700. Consumer-Initiated Payment on Consumer Portal Claims Exchange with auto-pay or Expense Tracker 85 \u2013 95% auto-substantiation. "width": "1024" Integrated investment management. "@context": "http://schema.org", Yes. HSA Investment Account Homepage! We provide online access to benefit administration and provide dedicated client service with a personal point of contact for account information and assistance for all of your products. }, 3 How are contributions made? Thank you! Optional Health Care Plan H S A Q&A Fall 2013 A Qualified High Deductible Health Care Plan (QHDHCP) with a Health Savings Account (H S A). "name": "Insulation from Compliance and Regulatory Complexity", "width": "1024" { Whether we serve your needs as a client or a participant, you can be confident that you will have access to the best administrative systems, technology tools, customer service and data protection in the industry. We invite you to learn more about how our specialized programs and
Agenda HSA Overview Cost Savings with HSAsWhy Our HSA Program is Right for Your Business Why Our HSA Program is Right for Your Employees Next Steps Edit as needed. "width": "1024" The flexibility of the platform combined with our in-depth knowledge of the system allows us to find creative ways to best meet your benefit administration needs. The individual components of HDHPs may not add up to the total due to. Consumer-Initiated Payment on Consumer Portal. POPs allow for the tax-free payroll deduction of employee contributions for certain group insurance premiums. "name": "HSA Overview", }. "@context": "http://schema.org", Custodial\/Admin HSA Management. SOURCE:: NCHS, National Health Interview Survey, 2010\u20132016, Family Core component. "@context": "http://schema.org", "name": "HSA Product Characteristics", { "name": "HSA Spotlight Total assets today $37B", Employee Management. 85 95% auto-substantiationEmployee Experience Consumer Portal Robust, branded portal empowers consumers, providing everything they need to know about their account, with an industry-leading design that enables quick and easy navigation of content Convenient Self Service 24x7 Consumer Portal Mobile application Online enrollment Integrated investment management Mobile App Mobile app lets tech-savvy consumers manage their CDH accounts right from their phone Auto-stacked accounts. Healthy Business 1 High Deductible Health Plans & BlueAccount Health Savings Accounts 2012. SINGLE. $13,300. $12.2. Beginning 1\/1\/13, limited to $2,500 per covered employee. Health Reimbursement Accounts. { Provides personalized risk assessment. "@type": "ImageObject", Integrated investment management. Depends on the employers choice for funding the plan, All or a subset of IRS- defined medical expenses. Automatic. Next Steps. ", "description": "Consumers may send payment directly to the parties who need payment. Benefit Strategies is known for creative administrative solutions and hands-on education let us go to work for you! "@context": "http://schema.org", We help individuals and employers navigate the challenges of healthcare with a hassle-free experience and solutions that result in high employee satisfaction, peace of mind, and improved costs. { "contentUrl": "https://slideplayer.com/slide/15439671/93/images/17/Value%3A+Employer%E2%80%99s+Perspective.jpg", "@type": "ImageObject", Replace Employees with Consumers, Members, Participants as needed. SelectAccount, is an independent company providing account administration services Your Health. }, 13 "name": "HSAs Help with Account Retention", Potential for people to put money into an HSA, of people covered by an HDHP do not have an HSA and may be eligible to open one. { }, 11 Flexible payment methods. Are funds portable in the event of job change or death? Records consumer choices and returns seamlessly into investment platform. Our HSA Solution The only true multi-account solution for HSAs all account types are available on a single platform and service experience, debit card, and mobile apps Provides a comprehensive, one-stop, compliant HSA administration capability Includes both cash accounts and investment options Includes a private labeled custodian option with secure, FDIC-insured deposits at HealthcareBank, a division of Bell State Bank & Trust, a $4B financial institution Insert your logo here Box 1300Manchester, NH 03105-1300, Toll Free: 1-888-401-FLEX (3539)Fax: 603-647-4668Email: info@benstrat.com, Hours of Operation:8am to 6pm Monday - Thursday8am to 5pm Friday, 2006-2021 Benefit Strategies, LLC in NH - Employee Benefits Third Party Administration | Privacy | Accessibility | Site by: Streamline Media Studios. At DBS, we offer unique plan design solutions with unparalleled customer service. "description": "Contribution Limits, Deductibles and Out-of-Pocket Expenses. HDHP no HSA is a high-deductible health plan without an HSA. "description": "The only true multi-account solution for HSAs \u2013 all account types are available on a single platform and service experience, debit card, and mobile apps. Custom Reporting Solutions. Brokers have choices in third party administrators, and your clients look to you for expert advice on benefits. ", $5.5. "width": "1024" Currently, no restrictions. An NPS above 70 is considered excellent. The individual components of HDHPs may not add up to the total due to Rounding. Can funds be invested Yes. We pursue team-oriented individuals seeking opportunities in a challenging and rewarding work environment. "name": "Auto-stacked accounts. Over 10 statements and notifications \u2013 all accessible via , consumer portal, and mail when necessary. Submit your claims online and on EBC Mobile today! One-click answers to benefit questions. Employer Portal Empowers Employers. Employer HSA Account Details Report. "description": "Q&A", ", Employee Management Online lookup helps employers respond to employees questions and issues. "name": "Why Our HSA Program is Right for Your Employees", ", Less help is needed from HR (makes your job easier) Automated communication - alerts. administration, including self-funded medical, integrated disability and absence management. Online enrollment. For current job listings, please go to the new TRISTAR Insurance Group site!
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