How it works
How to build your company's HSA plan:
- Choose a qualified high-deductible health plan. All of our Blue Options HSA plans are designed to be HSA-compliant per IRS guidelines. They feature a range of annual deductibles starting at $1,250 for single coverage and $2,500 for family coverage.
- Decide how much you will contribute to employees' HSA, if at all.
- Choose your optional benefits. You have the opportunity to enhance your health plan with any of these optional benefits while still achieving HSA-eligibility:
- First dollar preventive care coverage
- Dental coverage
- Choose the Mellon HSA Solution for an integrated health plan and HSA. Or, choose another custodian or trustee.
How does it work?
Example: Figures are for illustrative purposes only. Actual plan design, costs and contributions may vary. Employers do not have to contribute to the HSA. Additionally, the provider may collect an estimated amount at the time of service.
| John's employer purchases a health plan with a deductible of $2,000 and contributes $500 tax-free to his HSA. |
Employer contribution
+ $500 |
| John also contributes $500 tax-free to his HSA. |
Employee contribution
+ $500
Combined HSA balance
=$1,000 |
| John visits a Blue Options doctor. The doctor will file a claim for him. |
$250
Office visit |
| BCBSNC will process the claim, taking into account negotiated fees with the doctor as well as how much John has met towards his deductible. Once the claim has been processed, BCBSNC will send information to John and his doctor. |
$150 Office visit (BCBSNC negotiated rate - the amount John owes) |
| John's doctor will bill him once his claim is processed. Since he has not met his $2000 deductible, he is responsible for $150. |
Doctor bills John $150 |
| John pays the doctor $150 directly with his HSA debit card or checkbook. |
John's HSA payment
-$150 |
| John's HSA balance (available to use for needs such as deductibles, eligible medical expenses, etc.) is now $850. |
John's HSA balance
=$850 |
|