Helpful Hints for HSA's

Due to an increase in our calls lately on this subject, our team felt like it might be helpful to provide an explanation for HSA's (Health Savings Accounts). Understandably, this is a confusing topic and knowing how to navigate your benefits is important so the maxiumum outcome can be achieved.

A HSA is a tax exempt savings account whose funds:

1.  Are not subject to federal income tax at the time of deposit.
2.  Roll over and accumulate year to year if it is not spent and is yours to keep if you leave employment.
3.  The money can only be used to pay for qualified medical and prescription expenses at any any time without federal tax liablility or penalty.

It is important to remember that the HSA:
1.  Is a bank account.
2.  It cannot have funds withdrawn without your permission from the carrier; however, if you leave your card information on file with a provider, they may automatically run it.
3.  It can be subject to overdraft fees.
4.  They do not communiate with the carrier or vice versa.
5.  It is not the same as your deductible.

If you have any questions, please contact Member Services on the back of your ID card or you can call the MB Customer Care team for assistance.

HSA Limits for 2013

The Internal Revenue Service has released the 2013 inflation adjustments for HSAs:

2013 Annual Contribution Limit:
 Single coverage: $3,250 (up from $3,100 in 2012)
Family coverage: $6,450 (up from $6,250 in 2012)

2013 Minimum Deductible for HDHP:
 Single coverage: $1,250 (up from $1,200 in 2012)
Family coverage: $2,500 (up from $2,400 in 2012)

2013 Maximum Out-of-pocket:
 Single coverage: $6,250 (up from $6,050 in 2012)
Family coverage: $12,500 (up from $12,100 in 2012)

HSA Contribution Limits for 2012

Please see updates for increases in HSA contribution limits for 2012. Remember these amounts include any contribution employees may receive through employer contributions.

New Contribution limits for 2012 with HSA – Health Savings Account 

Individual:  $3,150.00

Family:  $6,250.00

Catch-up Contribution $1,000.00 – 55 years of age and older for 2012.

HSA Qualified Expenses IRS List

Controlling the Cost of Healthcare – for the Employer

The cost of healthcare seems to always be on the rise, both for employees and their employers. Various plans have been introduced throughout the years to help control these costs – from front end deductibles to high deductible/HSA plans. Recently, United Healthcare and McGohan Brabender partnered to launch a new, innovative program and product to help employers earn significant trend and rate adjustments for their renewals call Bend the Trend.

The easiest way to understand how the program works is to break the program down into Years 1 and 2.

Year 1 establishes the foundation for the Bend the Trend Program at the employer level. To "get on the field to play," employers agree to some basic strategic commitments in the following categories: wellness, optimal plan components, outcomes-based plan design, diabetes prevention/control. Don't worry, it sounds a lot more complicated than it actually is -- and chances are good that you're probably already doing some of it or all of it already. If you are an existing UHC customer, you can go ahead and start at year 2.

For meeting each employer strategic commitment, points are awarded Click Here to Download PDF Chart . The more commitments you meet, the more points you earn. Thus, the greater the premium discounts.

Beginning with your Year 1 start date, the Year 2 clock begins ticking. Now we need your employees to get involved. Do you remember those four strategic buckets we started with at the employer level? Well, we take those same four buckets and add some employee activities to them. Some are very simple, and others may require a little more effort – but that's ok. Our goal is to get your employees to own their health care plan…not rent it!

Just as with the employer commitment, employees earn points. Some of the points are awarded for participation while others are based on outcomes.

At the end of Year 1, your Year 2 rate adjustments are determined. This is done by adding up your earned Year 1 and Year 2 points. The greater your points, the greater your rate adjustment.

Want to know more about this program? Check out the Bend the Trend website for a potential financial impact calculator, wellVibe trailer, and a contact form!

Top 10 Reasons Your HSA Does Not Match Your Deductible #1

1. Your prescriptions have not be submitted to your insurance

One of the most common reasons that HSA accounts do not match up with medical deductibles is because a prescription has not been run through the insurance (and therefore not applied to the deductible) but paid for with HSA funds. Whether a pharmacy has old insurance information, offer a cheaper generic alternative that is not submitted through insurance, or confuse running an HAS card (that has the insurance emblem on it) as running the charges through insurance, our team is seeing this as a common reason that deductibles and HSA accounts become uneven.

For instance, let’s say that you have a $1500 deductible and start the year with $1500 in your HSA account. You fall ill one evening and go to the hospital. The hospital examines and treats you, releasing you the next morning with even medication for a week. However, you have instructions to go get more medication once you are out. The hospital submits the claim for your visit and medication, and it processes towards your in network deductible for $1400.  You go to pick up your prescription, which your pharmacist tells you will cost $150. You pay with your HSA funds, leaving you with $1350 in your account, and go on your way. The next week, you receive the bill for the hospital stay. The bill is for $1400, but you only have $1350 in your account. It seems that your new pharmacist forgot to run your prescription through your insurance, leaving you with uneven HSA funds and deductible.

You go to the pharmacy and ask the pharmacist to reprocess your prescription through your insurance. They resubmit it, and find that you only owed $100 to meet your deductible. They refund the extra $50 to your account, leaving you with $1400 in your HSA. You are now able to pay for your hospital bill in full and have met your $1500 in network deductible.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Top 10 Reasons Your HSA Does Not Match Your Deductible #2

2. Your medical claims have not been submitted to your insurance.

Just the other day, I went for a follow up appointment for an ankle fracture from a few months ago. While checking out, the billing representative for my physician asked me if I would like to go ahead and pay for today’s visit. Confused, I asked if she had already submitted the claim to my insurance for processing. She told me that since I have a high deductible plan, she could go ahead and see what the pay schedule is for the visit so that I could pay in full now, and they would submit the claim later. I kindly declined and explained that without having submitted my claim to my insurance and receiving confirmation of how much I would owe on an EOB statement, I would prefer that I not pay at this time.

This is not an uncommon scenario of how HSA accounts and medical deductible can become unbalanced. Since claims do not always process in the order of the dates of service (usually they just process in order of how they are received), I could meet my deductible before this claim is ever sent to my insurance and not owe anything out of pocket for my visit. Or the billing representative could mistype when submitting the claim, and my claim might never process and go to my deductible. Although I would have paid for a medical bill, if the claim never processes through my insurance, it will not be applied to my deductible.

For instance, let’s say that I started the year with $2000 in my HSA and a $2000 in network deductible. I have some claims totaling $1500, all of which process to my in network deductible, and I pay out of my HSA. I now have $500 in my HSA and left to meet with my deductible. Then, on a Monday, I slip and fall. I go to the emergency room and get x-rays. It’s a break. They submit my claims for processing to my insurance. On Wednesday, I go to an orthopedic specialist to get my new crutches, walking boots, and to check on the fracture. While checking out, the provider asks if I would like to go ahead and pay the $250 bill, which is the contracted rate with Anthem. They called and checked with my insurance, and I still owe $500 to my deductible. I decide I would rather pay now and use my HSA. Since this has not yet processed through my insurance, I now have $250 in my HSA and $500 to meet on my deductible. On Friday, my insurance processes my claims from the emergency room. They total $1000, so they pay $500 and apply $500 to complete my deductible. I receive the bill for $500, but I only have $500 in my HSA. The orthopedic specialist forgot to submit my claim, so now I have a $250 out of pocket expense to pay my emergency room bill until my orthopedic specialist can submit the claim, have it processed, get paid in full, and refund me the payment that I made during the visit.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Top 10 Reasons Your HSA Does Not Match Your Deductible #3

3. You put a deposit down for a procedure and are owed money back.

The growing trend of consumer driven health care has meant changes for the benefits offered to employees (higher deductibles, HSAs, FSAs, and HRAs). Those significant changes have also meant changes for providers. Higher deductibles mean that many providers will not receive any payment from insurance companies if deductibles have not yet been met, as the responsibility will be on the patient. With procedures that can easily go above and beyond a member’s high deductible, some providers are beginning to require deposits to be put down before they will perform surgeries or other costly procedures for members with high deductible plans to ensure that they will receive payment. Some members choose to use their HSA funds to pay for these deposits, and if their claim processes so the member’s responsibility it less than the deposit they made, the member’s HSA and deductible will be un-even until the provider gives the member the refund that they are due.

For instance, let’s say that you have a $1000 deductible and start the year with $1000 in your HSA. You go to the hospital because you are having stomach pains. After a day of observation, you doctors have decided that you need surgery. The surgery is expensive, though, and to ensure that they receive payment, the surgeon requires that you pay a $500 deposit. You pay this out of your HSA, leaving you with $500 in your HSA and $1000 deductible to be met since no claims have been submitted yet.

Your claims from the hospital are submitted to the insurance first and total $1500. Your insurance processes this, applies $1000 to your deductible, and pays the remaining $500. Then, your surgeon submits her bill to your insurance for $10,000. Since you have already met your deductible and do not have any co-insurance due, this claim is paid in full by your insurance and you do not owe anything. However, you now receive a bill from the hospital for $1000 and only have $500 in your HSA. Everything has been done correctly by insurance, but now that your surgeon has received payment in full for your claim, you are owed $500 back from the deposit you put down. Once those funds have been returned to your HSA, you will have $1000 in your HSA and can pay in full your responsibility to the hospital for $1000.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Top 10 Reasons Your HSA Does Not Match Your Deductible #4

4. You paid for prior year claims with this year’s funds

Deductibles can be set up in two ways: calendar year, which runs January 1^st to December 31^st each year, or plan year, which runs from the first day of a group’s renewal date to the day before that renewal date the next year (for instance, August 1^st to July 31^st each year). Any claims with dates of service within these time frames apply to those specific deductibles, and at the end of the deductible year, the deductible resets. Billing from providers can sometimes take months, though, and claims from the previous year (and last year’s deductible) can be paid for with the current year’s HSA funds, creating in equal amounts in your HSA and remaining current year deductible.

For instance, let’s say that you have a calendar year deductible of $1000. In December of 2010, you go to the doctor after you twist your ankle. You have x-rays to check for a break, but you are happy to report that the bones are all fine. The doctor sends the claim from your visit for $250 to your insurance for processing. Your insurance applies the first $200 to your deductible but pays the additional $50 because you have now met your 2010 deductible. This processing takes time, and your provider finally bills you in February 2011 for the $200. You started 2011 with $1000 in your HSA, so you use this money to pay for the bill. However, this money was applied to your 2010 deductible, so you now have $800 in your HSA and $1000 to meet on your 2011 deductible.

In March, you twist your ankle again. But this time you actually break it. You see your doctor, get x-rays, are sent to an orthopedic doctor, fit for a walking boot, and have to get crutches. Your claims total $1500 and are sent to your insurance to be processed. Your insurance applies the first $1000 to your 2011 deductible and covers the remaining $500 dollars. The doctors you saw send you a bill for $1000, but you only have $800 in your HSA since you paid for last year’s claim with this year’s funds. You use the $800 left in your account and must pay the remaining $200 out of pocket.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Top 10 Reasons Your HSA Does Not Match Your Deductible #5

5. You paid for vision or dental claims with your funds.

One of the growing trends in benefits is the offering of dental and vision benefits in addition to medical coverage. While medical coverage may pay for some very basic vision screenings, vision benefits can offer reimbursement for eyeglasses or dental can offset the cost of orthodontia. If you are on a high deductible health plan with an HSA, you can especially benefit from your tax free money by paying for dental and vision expenses out of your account. These bills are approved expenses by the IRS for your funds. However, while these claims will run through your dental or vision benefits and can be paid for with your HSA funds, they do not apply to your medical deductible and can create a discrepancy.

For instance, let’s say that you have a $2000 deductible and start out the year with $2000 in your HSA. In January, you go in to your primary care physician for your annual preventative physical. You have your workup, blood drawn, and basic vision screening. These claims are submitted to your medical insurance, which pays them in full because they are a part of your preventative care. You have no charges, and your deductible and HSA funds both stay at $2000. Your doctor suggests that it is time to get glasses, though, so you go to an optician after the appointment. They prescribe you glasses, and the claim for the appointment and glasses are submitted to your vision insurance. Of the $200 in charges, $150 are covered by the vision benefits. When you receive your $50 bill, you pay from your HSA. You now have $1950 in your HSA but still owe $2000 to your medical deductible.

 In February when you trip and fall because you weren’t wearing your glasses, you are rushed to the emergency room where you have x-rays and are fitted for a cast. The claims total $3500. $2000 are applied to your deductible, and your medical insurance pays $1500. You are responsible for the $2000 that went to your deductible, but since you only have $1950 left in your deductible, you must pay $50 out of pocket to make up for your vision claim.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Top 10 Reasons Your HSA Does Not Match Your Deductible #6

6. You paid for non-covered benefits with your funds

While an HSA is a bank account, it is a very special account because it is funded with tax-exempt dollars. That means that these funds can only be spent of IRS declared qualified expenses. While this certainly includes medical claims that area applied to your deductible, this money can also be used to pay for such expenses as acupuncture and over the counter medications (so long as you have a prescription on file). However, in many cases these expenses are not eligible to be applied to your medical deductible. While you can pay for them with your HSA funds, you will end up with less money in your HSA than you must have to meet your deductible.

For instance, let’s say that you have a $1500 deductible and start the year with $1500 in your HSA. Since you have seasonal allergies, your physician has suggested that you get some Allegra in April. Although this is now an over the counter medication and cannot be run through your medical insurance, because the physician has written you a prescription, you are able to pay the $20 charges with your HSA funds. You now have $1480 in your HSA and $1500 left to meet on your deductible. When you have a bad fall on a run in May and break your ankle, you x-rays, casting, and crutches total claims of $1600. You insurance applies the first $1500 to you deducible and pays the remaining $100. You are responsible for the $1500, but you only have $1480 in your HSA. You may pay up to $1480 out of your HSA, but you will need to pay $20 out of pocket to meet you deductible.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Top 10 Reasons Your HSA Does Not Match Your Deductible #7

7. You went to an out of network provider

Most plans do not just have one medical deductible. In fact, most break up deductibles into two categories: in-network and out-of-network. In-network typically refers to those providers that have been approved by the insurance company to meet their standards of care and agreed to accept the contracted rates the insurance carrier pays on specific procedures and not balance bill the patient. Out-of-network providers are those who have not agreed to accept the contracted rates of the insurance carrier. Therefore, while the claim may run through your insurance (and insurance may even pay on the claim) and a portion may be applied to your out-of-network deductible, the provider is able to balance bill you for the remainder of the claim. While you are allowed to pay this amount using your HSA funds, there will now be a discrepancy between your HSA funds and your remaining deductible.

For instance, let’s say that you have a $1000 in-network deductible, a $2000 out-of-network deductible, and you put $1000 in your HSA account to start the year. You go to your physician for a sore throat, and after your appointment, the doctor sends in the claim. However, this doctor is an out-of-network provider on your insurance plan. He bills $100 for your appointment and tests. The insurance company receives this claim, and they apply $60 to your out-of-network deductible, leaving you with up to $1000 to meet on your in-network deductible and $1940 on your out-of-network deductible. You will now receive a bill from the doctor for the full $100 since they are allowed to bill you above what the insurance company as they are not contracted with them on your plan. You pay this out of your HSA, leaving you with $900 in your account (although you still have more to meet on either your in or out of network deductibles). Had you gone to an in-network physician for your sore throat, the doctor could have billed the same $100, been required to accept the $60 contracted rate, and you would have only been billed $60. Then you would have only had to pay $60 out of your HSA, and you would have $960 left in your account and $960 left to meet on your in-network deductible.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Also, make sure to check out our links to help you find in-network providers on your plan!

Top 10 Reasons Your HSA Does Not Match Your Deductible #8

8. Some of your claims were adjusted after you paid the bills

The processing of medical claims is not always a simple or quick process, and sometimes insurance carriers require additional information in order to process a claim. During this reprocessing time, providers may choose to rebill a member for the balance of the bill. Should this be reprocessed, additional funds may be applied to your deductible but the amount owed may also be lessened. Then, the provider would owe the member a refund, and their HSA and deductible would not match up.

For instance, let’s say that someone goes to the doctor. They have a $1500 deductible and have $1500 in their HSA. While at the doctor, they have their annual preventative visit, an eye exam, and their allergy shot. The provider then sends their bill to the insurance carrier for the visit: $50 for the visit, $25 for the eye exam, and $25 for the allergy shot. Based on the bill coding, the insurance provider covers in full the contracted rate of the visit, covers in full the contracted rate of the preventative eye exam, and asks for additional information on the allergy shot (but does not pay anything towards that part of the claim). In the meantime, the provider bills the member for the $25 allergy shot that the insurance carrier has not yet paid. Although the member’s explanation of benefits shows that the allergy shot has not been covered, they go ahead and pay the $25 out of their HSA to the provider. Then, the insurance carrier receives the additional requested information from the provider. With this information, they are able to process the claim for the allergy shot, adjust to the contracted rate of $10, and apply that $10 to the member’s deductible, leaving them with $1490 left to meet. However, the member has already paid $25 to the provider and only have $1475 in their HSA. The member must now request that the provider refund the $15 to their HSA in order to have this corrected or they will continue to have uneven HSA and deductible balances.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Top 10 Reasons Your HSA Does Not Match Your Deductible #9

9. Your HSA account has maintenance fees assessed

It is important to remember that although your HSA is unique in how your are allowed to spend the money it is still a bank account. Just like other bank accounts that you might have, your HSA bank may assess monthly or quarterly fees or deduct funds when you ask for paper statements or a replacement card. Should you only start with just enough funds in your account to meet you deductible but you account charges a quarterly maintenance fee, you may end up a few dollars short in your account to pay for your deductible our of your HSA.

For instance, if you have a $3000 calendar year deductible and put exactly $3000 in your HSA at the beginning of the year, you have just enough funds to cover your deductible. Let's say that you have a claim in February for $2000. This applies to your deductible, and you pay for it in full out of your HSA. You still have $1000 in your HSA and have $1000 left to meet for your deductible. Then in March, your HSA bank deducts $5 for your quarterly maintenance fee. You now have $995 in your HSA, but you still owe $1000 to meet your deductible because that $5 charge was not a medical claim. So when you have a $2000 claim in April, $1000 will apply to your deductible and the insurance provider will cover the additional $1000. You can pay for up to $995 of the $1000 applied to your deductible out of your HSA, but you will still have to pay $5 out of your pocket to meet the deductible. It is important to remember that you will also still be responsible for the $5 quarterly fee in June, September, and December. If you do not have enough funds in your account to cover these charges, you may also be responsible for overdraft fees, because at the end of the day, an HSA is still a bank account.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Top 10 Reasons Your HSA Does Not Match Your Deductible #10

10. Your employer contributions are prorated or you have not yet received the full year’s funds.

Some employer offer to fund part or all of their employee’s HSA accounts each year. Based on this funding, employees sometimes expect that so long as they contribute enough at the beginning of the year to make up the difference between their employer contribution to their HSA and their deductible, they will have met their deductible as soon as their HSA funds have been depleted. However, some employers prorate their HSA contributions or contribute it in equal installments throughout the year creating discrepancies.

For instance, let’s say that an employee is hired July 1^st and their benefits go into effect on their date of hire. They have an HDHP with a calendar year deductible of $3000. Their employer contributes $3000 per year to each employee’s HSA account, but this amount is prorated based on the date of hire. This employee would then receive $1500 to their HSA, but they would still be responsible for an additional $1500 out-of pocket in order to meet their deductible. That member would then receive the full $3000 the next year.

Should the employer make their contributions in equal installments throughout the year, employees might also find discrepancies in their HSA. For instance, let’s say that an employee has a HDHP with a calendar year deductible of $3000 and their employer contributes $1200 in equal monthly installments throughout the year. At the beginning of the year, that employee contributes $1800 to their HSA so that they will have $3000 in their HSA by the end of the year. However, should the employer meet their deductible by June, they will be short $600 from their HSA to pay their bills since their employer has only contributed $600 year to date. Although their employer will contribute the additional $600 to their account by the end of the year, they will not have the remaining $600 in their account until December.

Want to know to rest of the top 10 reasons your HSA does not match your deductible? Check out the McGohan Brabender checklist and look for upcoming and previous articles explaining the other reasons!

Top 10 Reasons Your HSA Does Not Match Your Deductible

Health Savings Accounts (or HSAs) can be a wonderful - but at times confusing - way to address costs with high deductible health plans. Often, members find themselves trying to reconcile discrepencies when their deductibles and and HSA funds do not match up.

Our team has created an HSA Tracker to help with the process of reconciling, but when discrepencies are found, the next step is trying to figure out why. In order to help make this process easier, our team will be posting shorts blogs discussing the top 10 reasons that HSAs do not match up with deductibles over the next few weeks. If you find yourself trying to reconcile your HSA and want to figure out the root cause of the issue, you can use our checklist of the Top 10 Reasons You HSA Does Not Match Your Deductible to help figure out where the issue is coming from. Think you've found the reason? Check out our blogposts explaining how each of these reasons can create uneven balances:

10. Your employer contributions are prorated or you have not yet received the full year’s funds.

9. Your HSA account has maintenance fees assessed

8. Some of your claims were adjusted after you paid the bills

7. You went to an out of network provider

6.  You paid for non-covered benefits with your funds

5. You paid for vision or dental claims with your funds.

4. You paid for prior year claims with this year's funds

3. You put a deposit down for a procedure and are owed money back.

2. Your medical claims have not been submitted to your insurance.

1. Your prescriptions have not been submitted to your insurance.

HSA Limitations Set by IRS for 2012

Recently, the IRS announced the revised limitations for health savings accounts (HSA) for the calendar year of 2012.  Under section 223, an individual with self-only coverage under a high deductible health plan may put up to $3,100 in their HSA account in 2012. Individuals with family coverage under a high deductible health plan may put up to $6,250 in their HSA accounts in 2012.

Want to know more about HSAs or how to keep track of your own? Visit our previous article on HSAs and download the HSA tracker that McGohan Brabender created to help you keep track of your account!

Closing an HSA account

HSA accounts are a wonderful tool for member with high deductible plans. They allow members to save tax free money to contribute towards their healthcare costs and can help them to keep track of their deductibles.

It is important to remember that HSAs are bank accounts, though. Just like a bank account, no one other than the account holder can make changes or requests for this account. So should the account holder run out of funds or switch to a PPO plan and decide to close the account to avoid any monthly fees, etc., the member must call and make this request themselves.

Should you need to make changes to your HSA account, you can contact your bank with the following information:

Fifth Third HSA
for support: 888.350.5353

ACS | Mellon Bank
for support: 877.472.4200
after hours support: 800.264.5578

What should you do if your deductible, EOB, etc. does not match up with your HSA?

HSA accounts can be a great way to plan and pay for your medical expenses throughout the year. By offering you a tax-free option to pay for medical bills, prescriptions, and other qualifying expenses, you can get more out of your health care money.

Some individuals set up their plans so that they can cover the cost of their deductible with their HSA money. However, when their EOB and HSA balance do not match up or they run out of money before they meet their deductible, they are upset and confused. If you come across this situation, you will want to:

Aetna Pharmacy to No Longer Cover Allegra

Recently, the Food and Drug Administration approved Allegra as an Over-The-Counter medication. With this change, prescription Allegra , Allegra-D, and generic equivalents will no longer be covered under most Aetna Pharmacy benefits. As of March 4, 2011, these medications will be available over-the-counter.

Aetna members who filled a prescription for any of these medications or their generic equivalent between January 2010 and February 2011 will receive a letter from Aetna explaining this change as the medications will not longer be covered by Aetna's Pharmacy Benefits. Aetna's Preferred Drug List is subject to change. For up-to-date information, you can visit www.aetna.com/formulary or call the Member Services on the toll-free number found on your Member ID card.

Tracking Your HSA

Just as Healthcare has seen unprecedented changes in the past year, so have the types of benefits offered to employees. HSAs (or Health Savings Accounts) have become a more popular option for many members, with the tax free dollars offering more bang for your buck as you pay for your medical care. This departure from traditional insurance plans has created a more complex responsibility for the individual, though. Keeping track of where the dollars from your HSA are spent and what they are spent on is crucial for tax purposes as well as reconciling your account.

In order to help make this process easier, we have created a downloadable HSA tracker to input your expenses as you go. As you enter your contributions and transactions from your account, the balance automatically updates. Other tabs include spaces for you to input your important HSA information, a list of qualified and non-qualified expenses, and a sample of how to use the HSA tracker.

Click the following link to download your own tracker!