Welcome to Chapter 5 – Choice Plus with HSA As a reminder, please remember: All Chapters provided in the 2015 Benefits Guide are intended to be part of

•Welcome to Chapter 5 – Choice Plus with HSA

•As a reminder, please remember:• All Chapters provided in the 2015 Benefits Guide are intended to be part of a module series

•There are eight Chapters, several of which contain sub-chapters

• Follow along with and compile these into your own presentation (see below) in the order they are presented

• Text items in red are variables. Please modify them as necessary in order to fit your presentation’s and consumers’ needs

• Please pick and choose from the slides provided to create a custom presentation that is right for you and your consumers. To do this, refer to the instructions listed on the end slide of each Chapter

1Proprietary Information of UnitedHealth Group. Do not distribute or reproduce without express permission of UnitedHealth Group.


ABOUT THE PLAN

CHOICE PLUS PLANwith a HEALTH SAVINGS ACCOUNT (HSA)


THE PLAN LETS YOU OPEN AN HSA.

CHOICE PLUS PLAN with HSA

Think of an HSA as a savings plan for health care you’ll need today, tomorrow and into the future.

It’s a real bank account, but you don’t pay federal income tax on the money you deposit into it and the money you use for qualified medical expenses. Your savings also grows tax free.

You can even build your savings into a nest egg for retirement. Your savings grow from year to year. There’s no “use it or lose it” rule.

The money is there when you need it. And it’s yours to keep.

Why have an HSA?

•You own it.

•It has triple tax benefits.

•Anyone can contribute.

•It’s not just for doctor visits.

•You can invest it.

•You can save it for the future.


YOU MUST BE ELIGIBLE TO OPEN AN HSA

To deposit money into an HSA, you must be enrolled in an HSA-eligible health plan. You are eligible if:

•You are covered under an eligible high-deductible health plan (HDHP).

•You are covered by no other health coverage, unless it is permissible coverage like vision or dental.

•You are not enrolled in Medicare.

•You cannot be claimed as a dependent on someone else’s tax return.

Some other restrictions apply. Please consult your tax, benefits or financial advisor.

2015 contribution limitsThe IRS limits how much you can put into your HSA each year. The 2015 limits are:

•$3,350 for individual coverage

•$6,650 for family coverage

Are you 55 or older?

You can put in an extra $1,000

this year.



Open your HSA with Optum BankSM

, Member FDIC

Only Optum Bank lets you do your banking through your plan website, myuhc.com®. You can also bank directly at optumbank.com. Plus, you get:

•Easy online bill payment and reimbursement

•An HSA MasterCard® debit card to make it easy to pay

•Investment options to grow your retirement savings

Investments are not FDIC insured, not guaranteed by Optum Bank, and may lose value.

• UnitedHealthcare’s preferred health care bank

• Is dedicated to helping people save for health care

• The national leader in HSA banking with more than a million account holders

• Offers the convenience of banking through myuhc.com



TWO STEPS TO START YOUR HSA SAVINGS WITH OPTUM BANK

Open your HSA.

You can open your HSA online at welcometouhc.com or at optumbank.com.

Set a savings goal.

There are several ways to contribute to your account. Even small deposits can make a big difference. Here are two ways to easily contribute to your account.

•Payroll deduction: Pre-tax dollars are taken out of your paycheck and deposited into your HSA. It’s the easiest way to build your savings.

•Electronic deposits: Transfer money to the HSA from another bank account.

Need assistance?Call toll-free at 1-800-791-9361, 8 a.m. to 8 p.m, Eastern time, Monday through Friday.



PAYING WITH AN HSA IS EASY.

• Use your UnitedHealthcare HSA MasterCard debit card to pay at the pharmacy, doctor’s office or at locations that accept MasterCard.

• Pay your bills online at myuhc.com or directly at the bank at optumhealthfinancial.com.

• You can also pay out of pocket and choose to reimburse yourself later. Use the reimbursement feature online for easy payment.

Save all receipts.If the IRS asks, you must be able to prove that you used your HSA money only for qualified medical expenses.

You can record your expenses easily on myuhc.com.



1. Your deductible

2. Your co-insurance

3. Your out-of-pocket limit

HOW THE PLAN WORKS

STEP

1

STEP

2

STEP

3


Your deductible – You pay until you reach the deductible.


Your deductible

Pay with your HSA or pay another way

• You pay for all covered services (medical and pharmacy) until you reach your deductible.

• You can pay for services with your HSA. Or, you can another way (cash, credit card, check).

• Your preventive care is covered 100% when you use a network doctor.

Preventive care is covered 100% when you use a network doctor.


STEP

1

STEP

1

HOW THE PLAN WORKS




Your co-insurance – You and your plan share the cost of services.

• Co-insurance is when you and your plan share the cost of covered services.

Your co-insurance

Your plan pays % You pay %+

• Your plan will pay a percentage and you will pay a percentage. You can pay your share using your HSA.

Your deductible


(After you reach the deductible)

You can pay your share using your HSA.

• After the deductible, you may have a co-payment for prescriptions.

STEP

1STEP

2

HOW THE PLAN WORKS

STEP

2



Your out-of-pocket limit – You are done paying. • When your deductible and co-insurance payments reach this

limit, you are done paying.

• The plan will pay 100% of covered expenses for the rest of the plan year.

Your out-of-pocket limit

You are done paying

When you reach the limit, the plan pays 100%.


• This limit protects you if you have a major medical event.

Your co-insurance


Your deductible




STEP

1STEP

2STEP

3

HOW THE PLAN WORKS

STEP

3



1. Your deductible — You pay until you reach the deductible.

2. Your coverage — You and your plan share the cost of services.

3. Your out-of-pocket limit — You are done paying.


Your co-insuranceYour deductible


STEP

1

STEP

2

STEP

3

STEP

1




STEP

2

Your out-of-pocket limit

You are done paying

When you reach the limit, the plan pays 100%.

STEP

3

HOW THE PLAN WORKS


• This ends Chapter 5 – Choice Plus with HSA

• Please open Chapter 6 –Costs

• Copy and Paste slides from Chapter 6 to this Power Point (Chapter 1)

1. Click on the first slide and then press shift while you click on the last slide

2. Right click on the first slide and select copy

3. Go to the first section

4. Click below the thumbnail of the last slide in that section

5. Right click there and select Copy—Use Source Formatting

• Whichever slides from Chapter 6 that do not apply to your customer, delete


Documents

Welcome to Chapter 5 – Choice Plus with HSA As a reminder, please remember: All Chapters provided in the 2015 Benefits Guide are intended to be part of