HealthEquity, Inc. · NASDAQ:HQY
HealthEquity — Investor Presentation (2019)
18 slides from HealthEquity's investor presentation, 2019
Slide 1: Tips to maximize your HSA savings
Tips to maximize your HSA savings Member since 2011 Members since 2010 Members since 2012 Copyright © 2018 HealthEquity, Inc. All rights reserved.
Slide 2: HSA educational series
HSA educational series HealthEquity webinar series: 1. Health savings account basics 2. Tips to maximize your HSA savings 3. HealthEquity member portal overview www.healthequity.com/webinars 2 HealthEquity Advisors, LLCTM is a separate, wholly owned subsidiary of HealthEquity, Inc.
Slide 3: Maximize your HSA opportunity
Maximize your HSA opportunity Save now: • Lower monthly insurance premiums • HSA contributions aren’t taxed • Qualified medical expenses are tax-free1 Save for the future: • HSA funds roll over year after year • You keep the money even if you change jobs or insurance plans • Tax-free interest earned
Slide 4: Spend smart
Spend smart Costs for a specific procedure or medical test can vary by provider or facility, even under the same health plan. Things to remember: • Transparency tools • Major procedures • Procedure codes for price quotes • Stay in network 4
Slide 5: Spend smart: generic drugs
Spend smart: generic drugs Generic drugs typically cost 80-85% less than their brand equivalent.1 5 1. Source: https://www.fda.gov/downloads/drugs/resourcesforyou/consumers/buyingusingmedicinesafely/understandinggenericdrugs/ucm305908.pdf
Slide 6: Spend smart: shop around
Spend smart: shop around Visit RetailMeNot.com to compare prices between brand & generic as well as between your local pharmacies. Use a price transparency tool to compare medical procedure prices such as HealthcareBluebook.com. Shop with confidence. Discount online retailer HSAstore.com helps ensur
Slide 7: Spend smart: care facilities
Spend smart: care facilities A visit to the ER can cost up to five times more than a visit to an urgent care facility that provides the same treatment1 Reason for visit ER visit2 Urgent care visit2 Urgent care: minor lacerations, fractures, Allergies $345 $97 bumps, sprains, sore Acute bronchitis $5
Slide 8: Review your benefits
Review your benefits Billing errors can cost you money, regardless of who made the mistake. Tips: • Compare provider statements to your explanation of benefits (EOB) from your health plan. • Immediately contact your health plan to address any discrepancies. 8
Slide 9: Maximize your HSA contributions in 2020
Maximize your HSA contributions in 2020: Single-coverage: $3,550 (2019: $3,500) save up to $700 in taxes!1 Family-coverage: $7,100 (2019: $7,000) save up to $1,400 in taxes!1 Catch-up contribution, Put money into your HSA age 55+: $1,000 9 1. Estimated savings are based on an assumed combined federa
Slide 10: Healthcare costs in retirement
Healthcare costs in retirement *The average American couple will need $301,000 to have a 90 percent chance of having enough money to cover out-of-pocket healthcare costs in retirement. 10 Based on median prescription drug expenses. Source: Employee Benefit Research Institute 2019 - https://www.ebri.
Slide 11: HSAs vs. IRA or 401(k)
HSAs vs. IRA or 401(k) IRA/401k savings (Roth or traditional) are taxed at some point. HSAs are not taxed if they are used for qualified medical expenses.1 After 65 no penalty for non medical (Subject to tax if non-qualified medical expense) 1. HSAs are never taxed at a federal income tax level when
Slide 12: Cover the Medicare gap
Cover the Medicare gap Qualified medical expenses not covered by Medicare can always be paid from your HSA tax-free.1 • Prescriptions • Medical • Dental • Vision • Hearing expenses • Copays • Premiums 1. HSAs are never taxed at a federal income tax level when used appropriately for qualified medical
Slide 13: Extra fuel for your retirement
Extra fuel for your retirement • Maximize your tax-free earning potential through investing • Take the guesswork out of investing with Advisor™ HealthEquity Advisors, LLC) (Powered by HealthEquity.com/Advisor Investments available to HSA holders are subject to risk, including the possible loss of th
Slide 14: Powerful resources
Powerful resources HSA balances can grow with tax-free earnings from a choice of: 1. No-risk FDIC-insured cash account 2. Low-risk Yield Plus 3. Varying risk mutual funds Investments available to HSA holders are subject to risk, including the possible loss of the principal invested and 14 are not FD
Slide 15: Investment advisory services
Investment advisory services HealthEquity, Inc. does not provide financial advice. HealthEquity Advisors, LLC™, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, does provide web-based investment advice to HSA holders that subscribe for its services (minimum t
Slide 16: Save now, cash in later
Save now, cash in later Watch your HSA balance grow • Pay out of pocket for qualified expenses • Delay your reimbursement and save toward a future financial goal or a dream _________. (fill in the blank) • There is no time limit with an HSA to reimburse yourself for qualified medical expenses that y
Slide 17: Mobile app
Mobile app Convenient, powerful tools: • On-the-go access for all account types • Take a photo of documentation with phone and link to claims and payments • Manage debit card transactions • View claims status • Manage claims Available for iOS and Android 17 Accounts must be activated via the HealthE
Slide 18: Member support available around the clock
• Available around-the-clock, every day • Helpful support for members • Based in Salt Lake City 866.346.5800 Melissa HealthEquity team member