PPT-Health Savings Account (HSA)

Health Savings Account HSA Funding amp Invoicing Agenda HSA Funding amp Invoicing Invoice for Administrative Fees File and Funding Process Unopened Account Funding Pending Contributions. Health savings accounts (HSAs) are individual accounts offered by Optum Bank®, Member FDIC, and are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. Investments are not FDIC-insured, are not guaranteed and may lose value. State taxes may apply. Fees may reduce earnings on account. The information contained in this presentation is not intended as legal, investment, or tax advice. It is supplied for general educational purposes and with the understanding that Optum does not provide legal, investment, or tax advice. Please contact a competent legal, investment, or tax professional for personal advice on eligibility, investing, tax treatment and restrictions. State taxes may apply. Fees may reduce earnings on account. Federal and state laws and regulations are subject to change. . HSA educational series. 2. HealthEquity. webinar series:. Health savings account basics. Tips to maximize your HSA savings. HealthEquity member portal overview. www.healthequity.com/webinars. HealthEquity. Maximize your HSA opportunity. 2. Save now:. Lower monthly insurance premiums. HSA . contributions . aren’t taxed. Qualified medical expenses are tax-. free. 1. Save for the future:. HSA funds roll over year after year. ). 2. Optum . Bank. ℠, M. ember FDIC. Established in 2003. Subsidiary of Optum – . owned by UnitedHealth Group. Deposits are insured by the FDIC up to $250,000. Focuses solely on health care banking. Funding & Invoicing. ____ __. Agenda. HSA Funding & Invoicing. Invoice for Administrative Fees. File and Funding Process. Unopened Account Funding (Pending Contributions). Health Savings Account Presenter Name Date What is a Health Savings Account (HSA)? Pre-tax benefit account that works a lot like a 401(k) Set aside pre-tax money Pay for everyday health expenses today Bobbi Hanigan . Union Bank & Trust Company. Benefits of an HSA . You see the true cost of medical care and have better control over how your dollars are spent. Funds roll over from year to year. Health Savings Accounts (HSAs). What is an HSA?. A health savings account (HSA) offers your employees a tax-advantaged way to . pay for healthcare and encourages them to save for out-of-pocket expenses. The employee must be covered by a high-deductible health plan to be able to take advantage of an HSA.. 2022. Important information. This overview is not meant to serve as a comprehensive description of the insurance benefits offered by PEBA.. More information can be found in the following:. Benefits Administrator Manual. SOF HSA FAQ v5.22 855.824.9284 Page 2 855.824.9284 Can I use the money in my HSA to pay for medical care for a family member? Yes. You may withdraw funds to pay for quali�ed medical expe     ® About The HSA for Life A Health Savings Account (HSA) is a personal savings accou kindly visit us at www.nexancourse.com. Prepare your certification exams with real time Certification Questions & Answers verified by experienced professionals! We make your certification journey easier as we provide you learning materials to help you to pass your exams from the first try. kindly visit us at www.nexancourse.com. Prepare your certification exams with real time Certification Questions & Answers verified by experienced professionals! We make your certification journey easier as we provide you learning materials to help you to pass your exams from the first try. Insurance Orientation and Education. 2024. Health Savings Account (HSA). Savings Plan goes hand in hand with HSA.. Pay for out-of-pocket medical expenses, such as deductibles and prescriptions.. Funds are available as you contribute throughout the year..