85 \u2013 95% auto-substantiation", { Share buttons are a little bit lower. "contentUrl": "https://slideplayer.com/slide/15439671/93/images/9/HSA+Product+Characteristics.jpg", We partner with WEX Health to provide a cloud based platform that delivers efficiency for benefit administration, employee engagement and advanced billing and payments. "@context": "http://schema.org", PPPs allow tax-free reimbursement of qualified work-related parking expenses for employees. Data are based on household interviews of a sample of the civilian noninstitutionalized population. The scores fall on an index ranging from -100 to 100. Get the most out of your benefits with our education, technology, and support. Invest in your health with a Health Savings Account. "width": "1024" Your Choices High Deductible Health Plan, HSA, VEBA & FSA Prepared for Foley ISD November 16 th, 2015. Your Money. "@context": "http://schema.org", Basic HSA Plan Concept Part II: Health Savings Account HSA Concept Covers illness or injury after the deductible. $30.2. "@context": "http://schema.org", Replace Employees with Consumers, Members, Participants as needed. "name": "24% HSA Growth Potential for people to put money into an HSA", 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. "contentUrl": "https://slideplayer.com/slide/15439671/93/images/2/Agenda+HSA+Overview+Cost+Savings+with+HSAs.jpg", $5.5. }. }, 15 The IRS establishes the annual allowable amount and indexes this amount for inflation. Rounding. On-line Bill Pay & ContributionsConsumers may send payment directly to the parties who need payment. "name": "HSA Spotlight Total assets today $37B", Copyright 2021 Employee Benefits Corporation | Privacy Statement | Terms of Use, Copyright 2021 Employee Benefits Corporation |, HSAs: Managing Expenses and Saving for the Future, Pro Tips for Using Your Dependent Care Benefit. "@context": "http://schema.org", Since 1998, weve helped Americans access quality and affordable benefits that have saved our participants over $2 billion. "@type": "ImageObject", "description": "40% of HSA enrollees hold onto accounts for at least 3 years. "description": "Replace Employees with Consumers, Members, Participants as needed. The IRS establishes the annual allowable amount and indexes this amount for inflation. "width": "1024" "@context": "http://schema.org", { Consumer is responsible for substantiating the use of funds. }, 7 }, 11 "name": "Why Our HSA Program is Right for Your Employees", { "@type": "ImageObject", Contributions. We invite you to learn more about how our specialized programs and HDHP no HSA is a high-deductible health plan without an HSA. At DBS, we offer unique plan design solutions with unparalleled customer service. "name": "Powerful HSA Reporting for Employers", "contentUrl": "https://slideplayer.com/slide/15439671/93/images/1/American+Benefit+Administrators.jpg", 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. Reporting. Vision, dental expenses only. Funds may be invested and earn interest for greater savings potential. Employer HSA Account Details Report. Automated Communications. }, 24 cutting-edge technology create measurable results including a healthier and happier workforce. No. Funds can be invested. "width": "1024" FDIC insured cash and interest bearing account. "description": "No minimum balance. "contentUrl": "https://slideplayer.com/slide/15439671/93/images/26/ABA+Mobile+App+Mobile+App+allows+consumers+to%3A.jpg", }, 16 Yes. Consumer Portal. Consumers may update their reimbursement and distribution payment methods at any time during the plan yearnot just at enrollment. Easy to use interface (saves time) Access to forms on the system. "@context": "http://schema.org", Submit claims notional accounts. 1 2014 WageWorks, Inc. All rights reserved. Health Reimbursement 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). "@type": "ImageObject", A semiconductor equipment company in Silicon Valley has been a TRISTAR customer for 10 years. Online lookup helps employers respond to employees\u2019 questions and issues. "@context": "http://schema.org", $44.5. $9.9. Benefit Strategies takes data protection seriously. Mobile app lets tech-savvy consumers manage their CDH accounts right from their phone. "width": "1024" Quick reimbursement with direct deposit. TRISTAR is a nationally recognized provider of quality, cost-effective benefits administration, including self-funded medical, integrated disability and absence management. Can funds in the account carry over from year to year? No. Participants | Are you still submitting paper forms for your claims? Funds are available after they are contributed. Download EBC Mobile in the App Store and Google Play. "contentUrl": "https://slideplayer.com/slide/15439671/93/images/14/Employer+Experience+Enrollment+and+Eligibility+Management.jpg", Theres an easier way! Automated Communications. Integrated Resources. Plan details and documentation. Stacked Card with HSA, HRA. Account Funding Multiple options available for funding accounts, including scheduled contributions, ACH funding, and file-based contribution submission Reporting Over 50 standard employer reports and notifications, as well as custom reports, if available, are accessible via and/or secure, self-service Employer Portal "@context": "http://schema.org", 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. FAMILY. Depends on the employers choice for funding the plan What expenses can be reimbursed? Industry leading investment options. Q&A All IRS-defined medical expenses All or a subset of IRS- defined medical expenses Can funds be withdrawn for non- medical expenses? "width": "1024" Funds are available after they are contributed. Yes. Depends on plan design opted by employer. $13,300. "@context": "http://schema.org", ", "width": "1024" We provide comprehensive plan design and reimbursement strategies as well as communication and enrollment solutions for FSAs, HRAs, HSAs, COBRA, Tribal Member Benefits, and other customized programs. Over 10 statements and notifications all accessible via , consumer portal, and mail when necessary. Welcome to Benefit Strategies! SelectAccount, is an independent company providing account administration services Your Health. "@type": "ImageObject", "name": "Single Platform Multi-Account", ", ", Best Way to Pay | Make the most of your benefit by using your card to easily pay for eligible expenses at a variety of retailers. To elect coverage, they submit their premium payment to us. Sign up for direct deposit and youll receive your funds directly in your checking or savings account. "width": "1024" 2014 HSA Bank. An NPS above 70 is considered excellent. HDHP no HSA is a high-deductible health plan without an HSA. "description": "Employee Experience. Consumer is responsible for substantiating the use of funds. New Hampshire Location967 Elm StreetManchester, NH 03101Directions to this office, Mailing AddressBenefit StrategiesP.O. Employer Portal Empowers Employers. ", How many third party administrators are involved with your benefits offering at this time? 2022 SlidePlayer.com Inc. All rights reserved. HSA Bank is a Division of Webster Bank, N.A., Member FDIC. ", Automatic. "description": "Minimum annual HDHP deductible. Do you have access. Currently, no restrictions. heart disease teams battle Employer. ", "description": "Percent NOTES: CDHP is consumer-directed health plan, which is a high deductible health plan (HDHP) with a health savings account (HSA). Sweep. HSA. "description": "Privacy, Security\u2026 HIPAA and privacy compliance of personal, medical, financial data % online portal uptime. To name a few: SSAE 16 Type 2 Soc 2 certified, successful completion of CISSP audit, documented WISP that includes compliance with the Massachusetts Data Protection Law, Disaster Recovery Plan, mandatory annual HIPAA training for all staff. The individual components of HDHPs may not add up to the total due to Rounding. ", $6,550. "width": "1024" Were committed to relationships and reliability. At DBS, we believe good people are the key to success. $2,700. Diverse Plan Design Options. }, 9 "name": "Why Our HSA Program is Right for Your Business", We understand the importance of finding qualified, motivated, and positive professionals. { 2022 TRISTAR Insurance Group | All Rights Reserved |. "contentUrl": "https://slideplayer.com/slide/15439671/93/images/4/What+is+an+HSA+An+HSA+is+a+tax-advantaged+account+for+the+purpose+of+paying+for+eligible+medical+expenses..jpg", HSA Investment Account Homepage! "name": "On-line Bill Pay & Contributions", NOTES: CDHP is consumer-directed health plan, which is a high deductible health plan (HDHP) with a health savings account (HSA). Modified over 3 years ago, 1 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 2010 SelectAccount MII Life Inc., d.b.a. "description": "Contribution Limits, Deductibles and Out-of-Pocket Expenses. Limit. Easy access to update & realign investments. Mobile App. No. Standard and Limited Purpose. Can funds be invested Yes. Learn More . "contentUrl": "https://slideplayer.com/slide/15439671/93/images/18/Why+Our+HSA+Program+is+Right+for+Your+Employees.jpg", Data are based on household interviews of a sample of the civilian noninstitutionalized population. Are funds portable in the event of job change or death? 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. "width": "1024" { "description": "Use the Consumer Data Exchange to integrate with WEX Health Cloud for exchanging eligibility files, or enroll employees through the Employer Portal.
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