GE PowerPoint Template

Document Sample
GE PowerPoint Template Powered By Docstoc
					Health Savings Account
Investment Guide
Table of Contents

HSA Quick Tips…………………………………………………………………………………………………3

Step-by-Step Investment Instructions
        Aetna participants……………………………………………………………………………4-11
        UnitedHealthcare participants.……………………………………………………..12-23
HSA Quick Tips
Maximize the Tax Benefits of your Health Savings Account
In most states, money goes in tax-free, earns interest tax-free and is not
taxed when taken out to pay for eligible medical expenses.
Contribute as much as you can
As long as you stay within the annual IRS contribution limits, every dollar
you contribute to your HSA will help to reduce your taxable income.
Invest your HSA dollars
Transfer a portion of your HSA into a long-term investment
Make sure you only use HSA dollars to pay for qualified expenses
If you withdraw the money for non-medical or ineligible expenses, you will
have to pay income taxes on the money, and you may incur a 20% penalty
as well.
Know the rules in your state
Tax rules for Health Savings Accounts may vary by state.


                                                                                           3
                                                                       GE Health Choice 2010
                                                                       HSA Investment Guide
Aetna
Aetna HealthFund
Aetna - HSA Investments Service

• Participation is for accountholders with a $2,000 minimum required HSA balance
• Required minimum initial investment of $2,000
• Monthly maintenance fee of $2.50 is charged to the HSA cash account
• Funds that have been moved into the invested account are not available for
  withdrawal
• Funds may be moved out of the investment account to make them available for
  withdrawal
• Participation is optional
• The HSA Investment service will allow an account holder to schedule automated
  transfers from cash account to the investment account via two options, Auto-
  Sweep and Recurring Transfer




                                                                                            5
                                                                        GE Health Choice 2010
                                                                        HSA Investment Guide
Aetna HealthFund - Instructions
Step 1: Go to www.aetna.com/docfind/custom/ge ,
        enter DocFind and login to your account
                                                  Step 2: Select Details from the Balance Box.




                                                     Step 3: Login to your Aetna HealthFund
                                                             Health Savings Account




                                                                                                     6
                                                                                 GE Health Choice 2010
                                                                                 HSA Investment Guide
Aetna HealthFund - Instructions
                              Step 4: Click on the “Learn About
                                      Investments” tab




Step 5: Click on “Open HSA
        Investment Account”




                                                                        7
                                                    GE Health Choice 2010
                                                    HSA Investment Guide
Aetna HealthFund - Instructions


                       Step 6: Click on “Begin Account Opening”
                               begin making your elections




                                                                   8
                                               GE Health Choice 2010
                                               HSA Investment Guide
Aetna HealthFund - Instructions
                                           Step 7: Read and accept the Electronic Disclosure
                                                   and Consent Agreement (eConsent)




Step 8: Provide your contact information




                                                                                               9
                                                                           GE Health Choice 2010
                                                                           HSA Investment Guide
Aetna HealthFund - Instructions
                                          Step 9: Read and accept the HSA Investment
                                                  Account Terms and Conditions




 Step 10: Initiate the first investment
          transfer (minimum $2,000)



                                                                                       10
                                                                    GE Health Choice 2010
                                                                    HSA Investment Guide
Aetna HealthFund - Instructions
                                     Step 11: Verify your transaction




Step 12: Print your HSA Investment
         Account confirmation


                                                                              11
                                                           GE Health Choice 2010
                                                           HSA Investment Guide
UnitedHealthcare
OptumHealth Bank


                                 12
                   GE Health Choice
                      January 2010
UnitedHealthcare - OptumHealth Bank
With your OptumHealth Bank Member FDIC, health savings
account (HSA), you can invest some of your HSA dollars in mutual
funds when your account balance exceeds $2,000.

There is a two part process to follow:

Part 1   Make your Investment Selections
Part 2   Make an Investment Buy




                                                                                      13
                                                                   GE Health Choice 2010
                                                                   HSA Investment Guide
Part 1               Make your Investment Selections
Step 1: Log in to your account at myuhc.com.

                                               Step 2: Once logged in, click on the “Account
                                                       Balances” button under My Coverage




                                                                                                   14
                                                                                GE Health Choice 2010
                                                                                HSA Investment Guide
Make your Investment Selections
Step 3: Click on “Health Savings Account (HSA)”


                                                  Step 4: From the Health Savings Account
                                                          Summary page, click on “Access
                                                          Investment details”




                                                                                            15
                                                                         GE Health Choice 2010
                                                                         HSA Investment Guide
Make your Investment Selections
Step 5: When prompted, answer the security challenge question and enter your password.




                                                                                                            16
                                                                                         GE Health Choice 2010
                                                                                         HSA Investment Guide
Make your Investment Selections
Step 6: Click on “Access Investments”




                                                           17
                                        GE Health Choice 2010
                                        HSA Investment Guide
Make your Investment Selections
Step 7: From the eConsent and Investment will page, click on “Investment Elections”




                                                                                                         18
                                                                                      GE Health Choice 2010
                                                                                      HSA Investment Guide
Make your Investment Selections
Step 8: Make your selections and click “Submit Investment Elections”




                                                                                          19
                                                                       GE Health Choice 2010
                                                                       HSA Investment Guide
Make your Investment Selections
Step 9: View your Investment Election Confirmation




                                                                        20
                                                     GE Health Choice 2010
                                                     HSA Investment Guide
Part 2                Make an Investment Buy
Step 1: Select “Investment Buy,” indicate the dollar amount you wish to transfer into your
investment account and click “Next.” (Minimum buy is $100)




 *Takes 2 days before you can see your buy on your account

                                                                                                                21
                                                                                             GE Health Choice 2010
                                                                                             HSA Investment Guide
Investment Buy
Step 2: Preview Transfer. Click “Submit” to confirm your investment buy.




*Takes 2 days before you can see your buy on your account
                                                                                              22
                                                                           GE Health Choice 2010
                                                                           HSA Investment Guide
Optional Auto Sweep Feature
Automatic Sweep will transfer funds from your HSA account on a monthly basis into your investment
account based on your investment Threshold Account.




                                                                                                          23
                                                                                       GE Health Choice 2010
                                                                                       HSA Investment Guide

				
DOCUMENT INFO