Stacked Card. "contentUrl": "https://slideplayer.com/slide/15439671/93/images/9/HSA+Product+Characteristics.jpg", Helps consumer determine healthcare expenses needs upon retirement. }, 21 "width": "1024" 2022 SlidePlayer.com Inc. All rights reserved. $1,350. "description": "HSA Overview", Interest does not accrue. }, 16 Benefit Strategies is known for creative administrative solutions and hands-on education let us go to work for you! "contentUrl": "https://slideplayer.com/slide/15439671/93/images/2/Agenda+HSA+Overview+Cost+Savings+with+HSAs.jpg", Among those with private insurance, enrollment in HDHPs has generally increased since 2010. "name": "Account Characteristics", Your Choices High Deductible Health Plan, HSA, VEBA & FSA Prepared for Foley ISD November 16 th, 2015. No. "name": "Single Platform Multi-Account", Pie chart shows election by percent. Data are based on household interviews of a sample of the civilian noninstitutionalized population. "description": "Why Our HSA Program is Right for Your Business. Potential for people to put money into an HSA 24% of people covered by an HDHP do not have an HSA and may be eligible to open one In 2016, 39.4% of persons under age 65 with private health insurance were enrolled in an HDHP, including 15.5% who were enrolled in a CDHP (an HDHP with a health savings account [HSA]) and 23.9% who were enrolled in an HDHP without an HSA. }, 7 }, 23 { ", Health Savings Accounts Presentation For 2009/2010 Plan Year. The IRS establishes the annual allowable amount and indexes this amount for inflation. ", "@type": "ImageObject", 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. Easily manage your benefits and maximize your savings, Experience hassle-free employee benefits administration, Partner with Ameriflex to give your clients the best benefits and service. Perform infinite number of what if scenarios Recommends specific asset class allocations. "description": "Q&A", Integrated investment management. Since 1998, weve helped Americans access quality and affordable benefits that have saved our participants over $2 billion. SINGLE. "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", "@type": "ImageObject", ", Our HSA Solution 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 Insert your logo here CERPs provide personalized options and plans that are tailored to employers and employees. Benefit Strategies takes data protection seriously. We invite you to learn more about how our specialized programs and cutting-edge technology create measurable results including a healthier and happier workforce. Consumer Portal. Custom Reporting Solutions. Funds carry over year to year (perpetual account) Funds are portable. Share buttons are a little bit lower. "width": "1024" "contentUrl": "https://slideplayer.com/slide/15439671/93/images/7/What+is+an+High+Deductible+Health+Plan+%28HDHP%29.jpg", We invite you to learn more about how our specialized programs and cutting-edge technology create measurable results including a healthier and happier workforce. }, 10 ", There are no restrictions. 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 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. "@type": "ImageObject", Access account details. Beginning 1\/1\/13, limited to $2,500 per covered employee. "@type": "ImageObject", HSAs Help with Account Retention40% of HSA enrollees hold onto accounts for at least 3 years. Learn More . "description": "40% of HSA enrollees hold onto accounts for at least 3 years. }, 15 Your Money. Online lookup helps employers respond to employees\u2019 questions and issues. "description": "$1.7. "name": "Employer Experience Enrollment and Eligibility Management", The individual components of HDHPs may not add up to the total due to. Can funds be invested? Copyright 2022 Ameriflex. Check claims requiring receipts. Whether we serve your needs as a client or a participant, you can be confident that you will have access to the best administrative systems, technology tools, customer service and data protection in the industry. Through payroll deduction. "width": "1024" Includes a private labeled custodian option with secure, FDIC-insured deposits at HealthcareBank, a division of Bell State Bank & Trust, a $4B financial institution. FDIC insured cash and interest bearing account, Easy access to update & realign investments, Helps consumer determine healthcare expenses needs upon retirement, Educates consumers in respect to investment options, Perform infinite number of what if scenarios, Recommends specific asset class allocations, Provides information and tools to select mutual funds, Records consumer choices and returns seamlessly into investment platform, Check available balances- including cash & investment, Enter & view expense info via expense tracker, Download ppt "American Benefit Administrators". Integrated HSA InvestmentsNo minimum balance FDIC insured cash and interest bearing account Attractive investments Industry leading investment options No fees for trades Integrated Investment Guidance Tool Convenient self-service 24x7 Intuitive Consumer Portal Online enrollment Integrated investment management Seamless, flexible fund access Integrated debit card Online access to accounts Automatic, intuitive 2-way sweep "name": "Agenda HSA Overview Cost Savings with HSAs", If you wish to download it, please recommend it to your friends in any social system. }, 5 One-stop solution for all consumer driven healthcare accounts. Yes. HSA Bank is a Division of Webster Bank, N.A., Member FDIC. Visit our home page for career opportunities and to view current press releases. To elect coverage, they submit their premium payment to us. Use \u2018Quick View\u2019 to view graphs. Allows contributions by the employer and employee. Sign up for direct deposit and youll receive your funds directly in your checking or savings account. Funds can be invested. HSA Investment ExperienceStock Market at-a-glance HSA Investment Account Homepage! This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may. Integrated debit card. { Is the annual amount of the contribution available on the first day of coverage? Can funds in the account carry over from year to year Yes. With a national footprint that spans across all 50 states, we serve thousands of clients that represent over 100 industries. ", }, 2 No. Online access secure, authenticated (two-factor) HSA investment allocations controlled by consumer. Compliance processing (OFAC\/CIP\/IDV) Debit Card real-time integration and compliance. "@context": "http://schema.org", HSA maximum contribution controls. Edit as needed. Depends on the employer\u2019s choice for funding the plan. Why Our HSA Program is Right for Your EmployeesReplace Employees with Consumers, Members, Participants as needed. Online access to accounts. }, 14 To make this website work, we log user data and share it with processors. Employers appreciate the dedicated implementation specialist for successful on-boarding and dedicated account manager across all services for on-going administration. "description": "Minimum annual HDHP deductible. Consumer Employer Who contributes to the account? Do you have access. 2014 HSA Bank. We understand the importance of finding qualified, motivated, and positive professionals. "name": "2018 Health Savings Accounts", Is third party substantiation of expenses required No. Is third party substantiation of expenses required? }, 24 $53.2. Who contributes to the account Consumer and\/or employer. A health savings account (HSA) is that can be paired with a qualified high-deductible health plan and offers unique advantages that other types of benefit accounts dont offer. 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. ", "width": "1024" Online lookup helps employers respond to employees questions and issues. Were fully devoted to designing, enrolling, administering, and servicing account-based benefit plans. "contentUrl": "https://slideplayer.com/slide/15439671/93/images/11/Our+HSA+Solution.jpg", "@context": "http://schema.org", "description": "Consumer Owned. { TBA Site Map: For Navigation, click here for the TBA Site Map. Who owns the account Consumer. COBRASecure| When an employee or family member experiences a COBRA qualifying event, they receive a mailed COBRA election rights notice. "width": "1024" $3,450. Integrated Investment Guidance Tool. You've been unbelievably helpful throughout this entire process, and I appreciate the high level of customer service. Our website and mobile app provide you with easy online access to your benefit accounts. Message Center Pie chart shows election by percent Account Balance Rate of Return YTD sweep from cash account Rate of Return Analytics Easy access to update & realign investments Net Investment with Returns Analytics Learn More | Find the latest plan limits for HSAs, FSAs, and more. Health Reimbursement Accounts. "name": "What is an High Deductible Health Plan (HDHP)", $7.2. "@context": "http://schema.org", "@context": "http://schema.org", Employer. We specialize in Medical, Prescription Card Programs, Dental / Vision, Buy Down Product, FSA/Section 125 Administration, and a full array of Absence Management and Disability programs specific to your needs. Request check to reimburse themselves or send directly to their provider, Consumers may choose to have contributions set up from more than one bank account. $24.2. 85 \u2013 95% auto-substantiation", }, 20 Multiple options available for funding accounts, including scheduled contributions, ACH funding, and file-based contribution submission. We provide a world-class customer experience and pride ourselves on our reputation as a service-oriented and technologically-advanced third party administrator of employer benefits. Debit card, which increases consumer satisfaction by reducing paperwork. Automatic. $13,300. ", Industry leading investment options. 2022 TRISTAR Insurance Group | All Rights Reserved |. Annual HDHP out-of-pocket maximum. Vision, dental expenses only. On-line Bill Pay & ContributionsConsumers may send payment directly to the parties who need payment. { Flexible payment methods. }, 25 Over 50 standard employer reports and notifications, as well as custom reports, if available, are accessible via and\/or secure, self-service Employer Portal. 2018: $6, individual \u2013 $13, family. Why Our HSA Program is Right for Your Business Consumer is responsible for substantiating the use of funds. Can funds in the account carry over from year to year? Yes. We focus on increasing participation, engaging account holders, and delivering service that keeps your people happy, We respond to questions and requests quickly so youre not left spinning your wheels, We remove admistrative and regulatory burdens that come with employee benefit programs, keeping employers protected and compliant at all times. "description": "Privacy, Security\u2026 HIPAA and privacy compliance of personal, medical, financial data % online portal uptime. Thank you for your support with my disability claim. "name": "Why Our HSA Program is Right for Your Business", Potential for people to put money into an HSA, of people covered by an HDHP do not have an HSA and may be eligible to open one. "@type": "ImageObject", Over 10 statements and notifications \u2013 all accessible via , consumer portal, and mail when necessary. Beginning 1/1/13, limited to $2,500 per covered employee. ", Online enrollment & claim filing. Yes. HSA Product CharacteristicsConsumer Owned Contributions Distributions Account Balance Must be paired with a qualified high deductible health plan (HDHP) May pair with Limited Purpose FSA and/or HRA Vision, dental expenses only Employer and/or consumer may contribute to account Contributions made by payroll deduction, check, transfer IRS restrictions on annual contribution amount No third party substantiation required consumer responsible Internal Revenue Code 213(d) expenses may be reimbursed Funds may be withdrawn for non-qualified expenses with penalty Funds carry over year to year (perpetual account) Funds are portable Funds may be invested and earn interest for greater savings potential Integrated investment management. Dependent Care FSA. Provides information and tools to select mutual funds. Whether its web based account management, mobile apps, online chat, direct claims feeds from carriers, educational videos, blogs, electronic financial calculators or file import capabilities (to name a few), we invest in technology tools and stay current in this always evolving arena. "@type": "ImageObject", Custodial\/Admin HSA Management. And our nationally-recognized compliance expertise is always incorporated in our benefit services. "description": "Health Savings Accounts. COBRA requires most employers with twenty or more employees to offer continuation of health benefits to employees after they end employment. "@context": "http://schema.org", Employer HSA Account Details Report. administration, including self-funded medical, integrated disability and absence management. $6,900. Are funds portable in the event of job change or death No. { $9.9. They are tax free and help make health care more affordable. One-click answers to benefit questions. We are one of the largest independently owned TPAs in the Northeast and our diverse clientele is located throughout the United States. "name": "Our HSA Solution", "description": "HSA Administration. "@context": "http://schema.org", "width": "1024" Compliance\u2026 Reconciliation and proactive maintenance of accounts. "description": "Stock Market at-a-glance. { Reimbursements, Rewards, Savings & Spending Accounts. "@type": "ImageObject", "width": "1024" Register Now | Our timely topics help brokers and employers stay on top of compliance topics, industry trends, and more! Value: Employers PerspectiveSelf-Service Empowers Consumers Consistent Communication & Branding Opportunities Employer Portal Empowers Employers 24x7 access to manage their CDH accounts Secure, encrypted access to accounts Easy to use interface (saves time) Access to forms on the system Online enrollment & claim filing Ability to track claims Quick reimbursement with direct deposit Less help is needed from HR (makes your job easier) Automated communication - alerts One-click answers to benefit questions Opportunity to brand the solution & the debit card Plan details and documentation Employee/Plan Participant research and service Reports - Advanced benefit management tools & analysis available online or via Paperless banking transactions NACHA file generated for you 2018: $1, individual \u2013 $2, family. The scores fall on an index ranging from -100 to 100. "width": "1024" "description": "The only true multi-account solution for HSAs \u2013 all account types are available on a single platform and service experience, debit card, and mobile apps. From setting up an online account to understanding how to file a claim, DBS is here for you every step of the way. Over 10 statements and notifications all accessible via , consumer portal, and mail when necessary. Participant access to plan information has never been easier. What is a Health Savings Account-HSA? There are no restrictions. HRA. We help individuals and employers navigate the challenges of healthcare with a hassle-free experience and solutions that result in high employee satisfaction, peace of mind, and improved costs. The individual components of HDHPs may not add up to the total due to. HSA Investment Account Homepage! }, 13 Beginning 1/1/13, limited to $2,500 per covered employee. "description": "Percent NOTES: CDHP is consumer-directed health plan, which is a high deductible health plan (HDHP) with a health savings account (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. A semiconductor equipment company in Silicon Valley has been a TRISTAR customer for 10 years. Funds are forfeited. }, 17 ABA Mobile App Mobile App allows consumers to:Check available balances- including cash & investment Access account details HSA contributions HSA Distributions Use Quick View to view graphs Check claims requiring receipts Submit claims notional accounts Submit receipts using camera Enter & view expense info via expense tracker Report a debit card as lost or stolen Click to call/ Customer Service Update username/password Native app for iOS and Android "@context": "http://schema.org", 55+ Contribution. Investment Accounts. TRISTAR is a nationally recognized provider of quality, cost-effective benefits
Employees can spend Download Now | Get everything you need, all in one place with EBC Mobile. 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. Consumer can choose from: Debit card, which increases consumer satisfaction by reducing paperwork. The IRS establishes the annual allowable amount and indexes this amount for inflation. "@type": "ImageObject", HSA Flexibility | Flexibility and planning beyond what you get with other benefits lets you spend now, save for later, and invest for your future. { Integrate empower communicate Flexible Spending Accounts Health Reimbursement Arrangements Commuter Transit and Parking Accounts Health Savings Accounts. PPPs allow tax-free reimbursement of qualified work-related parking expenses for employees. Convenient self-service 24x7. HRAs are employer funded and are used to reimburse employees for out-of-pocket health expenses. Funds can be invested. ", { "@type": "ImageObject", Yes. Are funds portable in the event of job change or death? Consumer-Initiated Payment on Consumer Portal, Claims Exchange with auto-pay or Expense Tracker, One-stop solution for all consumer driven healthcare accounts, Consumers may send payment directly to the parties who need payment.