©2008 regence blueshield of idaho regence hsa healthplan a new kind of health care coverage [enter...

©2008 Regence BlueShield of Idaho

Regence HSA Healthplan

A new kind of health care coverage

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[Enter Your Client’s Information Here]

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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

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What is an HSA?How does it

work?

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Health Savings Accounts: How it Works

Enroll in an HSA-qualified HSA-qualified health planhealth plan

Open a Health Health Savings Savings AccountAccount

The health The health plan and HSA plan and HSA work togetherwork together

coverage under the health plan kicks in once the deductible is reached

the account belongs to the member

contributions are tax-deductible

start paying for qualified medical expenses from the HSA right away

save and invest for future health care expenses or retirement

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More About the Health Plan

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

You control your overall costs by determining how much you’d like to fund the savings account with your savings in premium on the health plan

IRS Rules for IRS Rules for HSA-Qualified Health PlansHSA-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

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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

More about the HSA

HSA-Qualified Medical ExpensesHSA-Qualified Medical Expenses

Deductibles Coinsurance Prescription medications

Alternative care OTC medications Contacts & Glasses

Expenses covered by the health plan, such as… Lasik eye surgery

Weight-loss surgery And many more!

Expenses over and above what’s covered by the health plan, such as…

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Eligibility Rules

Eligibility to the Regence HSA Healthplan Same Regence 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

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The Power of HSA

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HSA: A Different Kind of Health Plan

ContributionControl

You choose the contribution amount, giving you more control over your annual health care costs

Your contribution expenses become growing assets, as they roll over each year and even offer tax-free investment

You have ultimate choice – you can spend your HSA funds today on services you choose, or save them for future health care expenses

You have ultimate ownership over their health care dollars You own the funds You own the decisions

PlanPersonalizatio

n

Roll Over

OWNERSHIP

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Triple Tax Advantages

An HSA is the only investment opportunity An HSA is the only investment opportunity that offers this unique triple tax savings that offers this unique triple tax savings

Tax FreeTax Free

Contributions are Contributions are not included in not included in

the member’s the member’s taxable incometaxable income

Tax FreeTax Free

Interest and Interest and investment gains investment gains

are not taxedare not taxed

Tax FreeTax Free

Money for qualified Money for qualified medical expenses can medical expenses can

be withdrawn tax- be withdrawn tax-freefree

When money goes in

When money grows When money comes out

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The Power of Regence

12©2008 Regence BlueShield of Idaho

Regence’s Full Service Solution

Robust Robust Benefit Benefit

PackagePackage

NavigationaNavigational Toolsl Tools

PersonalizedPersonalizedSupportSupport

Unlimited, upfront preventive care and built-in wellness programs

Coverage against the unexpected

Support at each step of the way, with an option for seamless integration

Multiple lifelines for personalized

support

Guided tours from the basis

to plan customization

and total ownership

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Robust Benefit Package

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

WellnessWellness

PreventivePreventive

Financial Financial ProtectionProtection

Catastrophic coverage protects you against the unexpected

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Benefit SnapshotBenefit OptionsBenefit Options

Provider NetworksProvider Networks

Lifetime MaximumLifetime Maximum

Deductible OptionsDeductible Options

OOP MaximumOOP Maximum

CoinsuranceCoinsurance

Office VisitsOffice Visits

Preventive CarePreventive Care

PrescriptionsPrescriptions

In-NetworkIn-Network

Regence PPO

$2 million

$1,500 single / $3,000 family$2,500 single / $5,000 family$3,500 single / $7,000 family

$5,000 single / $10,000 family

80%

Deductible & coinsurance

Deductible waivedNo annual limits

80% coinsurance

50% (Subject to medical deductible)

Out-of-NetworkOut-of-Network

Participating / Non-Participating

60%

Deductible & coinsurance

Deductible waivedNo annual limits

60% coinsurance

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Your GuideYour Guide

to HSAto HSA

Welcome.

Navigational Tools

Scenario-based Scenario-based education tool education tool & calculator for & calculator for plan selectionplan selection

HSA Flash Tutorial HSA-trained customer HSA-trained customer

service advocatesservice advocates 24-hour Nurseline24-hour Nurseline Personal health Personal health

coachescoaches

Member Welcome Kit Guided tour Guided tour

takes members takes members through the set-through the set-up process and up process and HSA resourcesHSA resources

A community of A community of Regence membersRegence members

Ask-the-HSA ExpertAsk-the-HSA Expert Podcasts, webinars Podcasts, webinars

and helpful articlesand helpful articles

Personalized 1:1 Support

myRegence.com

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Seamless Integration:Regence Financial

Services

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Introducing Regence Financial Services

Simple Solutions - Powerful Tools - One Point Of Accountability

CAUSE

Reducing Waste,

Confusion & Fear Integrated Enrollment one implementation process

Integrated Claims automatic payment

Regence Member Service single source for help

Integrated online access tools to manage wealth & health

Flexible options customized to your needs

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=

=

=

Regence Financial Regence Financial ServicesServices

CONSUMERISM

Actively Engaging our Members in their

Health Care Decisions

COMMUNITY

Leveraging the Power of our

Members =

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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

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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

HSA Balance Interest paid on deposit balances

$0-1,000 1.25%

$1000.01-2,500 2.00%

$2,500.01-5,000 2.75%

$500.01-15,000 3.5%

$15,000.01 and over 4.75%

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RFS (Blue Healthcare Bank) Rate Chart

HSA Set-UpOne Time Enrollment

Fee Monthly Fees/ Participant*

Paper Online Account Investment

No Agent Commission $15.00 $10.00 $3.00 $1.75

With Agent Commission $16.00 $12.00 $3.50 $1.75

* Monthly fees waived if balance is over $2,000

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Banking Solution:HSA Bank

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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

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HSA Bank Rate Chart

Service Description

Rate orCharge

Monthly Fee$3.25 (waived if balance is over

$3,000)

Set-up Fee No charge

Debit Cards No charge

Investments See terms and conditions

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Banking Solution:Wells Fargo

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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

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Wells Fargo Rate Chart

Service Description

Rate orCharge

Monthly Fee$3.75 (waived if balance is over

$2,500)

Set-up Fee No charge

Debit Cards No charge

Investments No charge

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Banking Partner Comparison

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Comparison of Banking Partners

Feature Blue HealthCare Bank

HSA Bank Wells Fargo

Monthly Fee

$3.00 (waived for balances over $2000)



Set up fee $15 paper, $10 online None None

Investment Options

60 different investment funds available through Fiserv

Ameritrade & HSA Bank Money Market Account

6 Wells Fargo managed funds

Enrollment Online and paper Online and paper Paper only

Access to Funds

Debit card and checks available or via reimbursement request

Debit card and checks available or via reimbursement request

Debit card or via reimbursement request

Account Management

Integrated on the Regence Engine

Separate website Separate website

Customer Service

Regence Customer service handles both HSA and health plan questions

HSA bank customer service handles HSA questions. Regence handles health plan questions.

Wells Fargo customer service handles HSA questions. Regence handles health plan questions.

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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

©2008 regence blueshield of idaho regence hsa healthplan a new kind of health care coverage [enter...

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