Take a moment to picture your retirement dreams - PowerPoint Presentation

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Take a moment to picture your retirement dreams

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Take a moment to picture your retirement dreams

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Take a moment to picture your retirement dreams

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Take a moment to picture your retirement dreams

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Take a moment to picture your retirement dreams

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HSAs: THE NEW RETIREMENT STRATEGY

Health Savings Account (HSA)

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HSA =

RETIREMENT

NEST EGG

*The average American couple will need $301,000 to have a 90 percent chance of having enough money to cover out-of-pocket healthcare costs in retirement. Based on median prescription drug expenses.

Source: Employee Benefit Research Institute 2019 https://www.ebri.org/content/savings-medicare-beneficiaries-need-for-health-expenses-in-2019 

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How are you preparing now for

medical costs in retirement?

?

Participating in an employer-sponsored 401(k)  

Contributing to an HSA  

Contributing to a Roth IRA

Living a healthy lifestyle through diet and exercise

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ACCELERATE HEALTH SAVINGS

Choose lower premiums

Consider

investing

your HSA

*

Capitalize

on triple-tax savings

*Investments are subject to risk, including the possible loss of the principal invested, and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.

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HSA IS LIKE A

SECOND 401(k)

$1000 contribution

$1000 contribution

HSA

401(k)

Taxes

HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-free with very few exceptions. Please consult a tax advisor regarding your state’s specific rules.

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HSA distributions for qualified medical expenses are never taxed

HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-deductive with very few exceptions. Please consult a tax advisor regarding your state’s specific rules.

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$189,446

$139,963

$116,085

QME BUYING POWER

The example used is for illustrative purposes only.

The example assumes the accountholder is: (1) saving the money and not spending the monthly contribution and (2) continuously investing the balance and the minimum investment threshold is met.

 

Investments are subject to risk, including the possible loss of the principal invested, and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.

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Max your employer

401(k) match

1

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Max your HSA

contributions

2

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Max your

401(k)

3

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MEET

DOMINIC AND

ELIANA

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Year 2

Year 4

Year 6

Year 8

Year 10

Year 12

Year14

Year 16

Year 18

Year 20

The example used is for illustrative purposes only. 

Investments are subject to risk, including the possible loss of the principal invested, and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.

Investing

$2,000 yearly

24 years

6% rate of return

Savings

$2,000 yearly

24 years

.05% rate of return

Year 22

Year 24

$50,000

$100,000

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HSA INVESTING

Meet the minimum threshold

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HSA INVESTING

Options to fit your needs

Investments are subject to risk, including the possible loss of the principle invested, and are not DFIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.

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VARYING

RISK

MUTUAL FUNDS

Equities or fixed-income investments

Subject to comparatively higher investment risk*

*Investments are subject to risk, including the possible loss of the principal invested, and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.

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EASILY

TRANSFER YOUR

INVESTMENTS TO CASH

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EASILY

CALCULATE YOUR

SAVINGS GOAL

HealthEquity.com/

calculator/future-balance

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INVESTING IS EASIER THAN YOU

THINK

Investments are subject to risk, including the possible loss of the principle invested, and are not DFIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.

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Investments are subject to risk, including the possible loss of the principal invested and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. HealthEquity Advisors, LLC™, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, provides web-based investment advice to HSA holders that subscribe for its services (minimum thresholds and additional fees apply). Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.

 

 

Your company covers investing admin fees

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TAKE

CARE

OF

YOUR LOVED ONES

Designate a beneficiary

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NEVER

TOO

EARLY (OR TOO LATE) TO INVEST YOUR HSA

55+ can make catch-up $1,000 contributions

Investments are subject to risk, including the possible loss of the principle invested, and are not DFIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.

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BUILD

THE

ULTIMATE RETIREMENT NEST EGG

Be ready for the future

Make your HSA work harder

Enjoy tax-free earnings

Get incredible long-term flexibility

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COVERAGE LEVEL

CONTRIBUTION LIMIT

TAX SAVINGS*

Single

$3,600

$1,080

Family

$7,200

$2,160

Age 55+

$1,000

catch-up

$300

extra

*based on 30% savings

EMPLOYER CONTRIBUTIONS

$$

$$

2021 CONTRIBUTION LIMITS

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INVESTING FAQS

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Why is there an investment threshold,

and why does it seem so high? 

?

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What happens if my balance falls below the investment threshold?

?

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Are my eligible medical claims paid for or reimbursed from my investing account?

?

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What steps do I take if I invest my HSA dollars and I need to liquidate my funds

to pay for qualified medical expenses? 

?

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If I liquidate mutual fund assets to

move it back into my HSA, is it tax-free? 

?

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What are the fees associated with investing HSA funds at HealthEquity?

?

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MONTH

DAY

Open Enrollment starts

OPEN ENROLLMENT DATES

MONTH

DAY

Open Enrollment ends

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QUESTIONS?

We’re here for you 24/7

866.346.5800

HealthEquity.com

/Learn

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