More Information on Health Savings Accounts (HSA)s

What is a Health Saving Account?

A Health Savings Account (HSA) is a savings account that provides you with a tax-free way to save and budget for healthcare expenses. As long you are enrolled in an IRS-qualified High Deductible Health Plan (HDHP), you can make tax-free contributions into the HSA. As long as you use the funds for qualified healthcare expenses, you do not pay any taxes on the withdrawals from an HSA. The HSA is also similar to an IRA or 401K in the fact that you have the ability to invest the funds. Most HSAs pay interest and offer investment options so you can watch your money work for you.

Why would I want an HSA?

An HSA is a great way to set aside tax-free¹ money to pay for your individual, or your family's healthcare expenses. Because you have a high deductible health plan, you pay at least $1,100 (minimum 2007 HDHP deductible) out of your pocket before your health plan begins to pay for expenses. You may deposit after tax monies directly into the HSA and take the deduction on your tax return. Additional features and advantages of the HSA include:

Reduces your taxable income. You pay no federal or state tax (rules vary from state to state) on the money you contribute into your HSA.
You control the money. You decide how to invest the funds.
Your money grows tax-free. Money you put into an HSA can earn interest and capital gains without paying federal and state income tax (rules vary from state to state).
You can save the money for future needs. Even if you don't utilize any healthcare services now, your HSA funds will be there if you need them in the future – even after retirement.
It's easy to use the funds. Our banking partners give you a debit card that lets you take money out of your HSA for medical expenses without the hassle of claims forms.

How do I get an HSA?

HumanaOne has partnered with the banks listed below for providing HSAs to its customers. We feel that they provide an excellent HSA solution. The quick comparison of fees, interest rates and investment options will assist you in selecting the best custodian for your account. Just click on the logo to sign-up for an HSA and/or learn more about the custodian.

Financial Partner
Interest Rate	.19% (subject to change monthly) Applies to all balance amounts		Click Here to View Rates (Rates based on balance amount)		Click Here to View Rates (Rates based on balance amount)		Click Here to View Rates (Rates based on balance amount)
Product Features	Free HSA Visa debit card Unlimited free debit card transactions at merchant locations Secondary card for a family member, upon request HSA custodian is Chase, a trusted leader in banking		Automated Fidelity money market sweep 188 (load waived) mutual fund options in 7 different mutual fund families Online account reimbursement, eliminating the need for ATM or checks No minimum contribution required to open account		FDIC insured HSA educational tutorials and materials Procedure and prescription shopping tools Unlimited free debit cards Unlimited debit card transactions No-fee foreign ATM transactions Online banking Dedicated HSA Customer Service $100 minimum contribution to open account		No minimum balance required to open Free HSA MasterCard Debit Card Educational Tools HSA Specific Customer Support Ability to store physical receipts online, "Electronic Shoebox" Unlimited free debit card transactions at merchant locations Easy transfer of funds in and out of the HSA
Monthly Account Fee	$3.00		$3.00		$2.50 (Note: there is no check processing charge)		$2.00
Setup Fee (one time fee)	Online Enrollment Free	Paper Enrollment $20.00	Online Enrollment Free	Paper Enrollment $10.00	Online Enrollment Free	Paper Enrollment Free	Online Enrollment Free	Paper Enrollment $15.00
Investment Options	Minimum initial investment of $2,000 Choose from selected funds in the JPMorgan and American Century fund families Prospectus for each fund available online Free online trades $2.50 monthly investment account fee		Self-Directed brokerage requirements: 7 mutual fund families 188 mutual fund options Automated fidelity money market sweep		Self-Directed brokerage requirements: Provides access to invest in mutual funds, stocks and bonds $2,000 minimum is required to initially open an investment account $1,000 balance must be maintained in the HSA DDA account		Free online trades Prospectus for each fund available online (Morningstar Data) $2.00 Fee (Per Month) Minimum balance requirement of $2,000
Apply Online	Apply with Chase		Apply with UMB		Apply with First Horizon		Apply with Fifth Third Bank

¹Alabama, California, New Jersey, and Wisconsin do not allow tax deductions for HSA contributions. Contact your local tax advisor for details or visit www.irs.gov.