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See also: HSA plan options.
How to Enroll in an HSA
Fill out a new cafeteria plan form. *You need to fill out a new caferia form each year.
go to the HSA site once you have received an email from Reliant to say your enrollment is set.
once you have registered on the HSA site to set up direct deposit into your account, email hr@reliant.org an email.
you will receive a debit card to use for your HSA account
How are Health-Saver (HS) plans different?
Because they are designed to be paired with a personal HSA, the Health Saver Plans do not have co-pays for doctor visits and prescriptions drugs. Participants pay 100 percent of medical and prescription drug claims until they've reached the plan's deductible; then the plan pays at the coinsurance level.
Also, keep in mind, if an employee has individual-only coverage, he or she must meet the individual deductible before any claims will be paid by GuideStone, and then the individual maximum out-of-pocket applies before claims will be paid at 100%. If an employee has coverage with one or more dependents, the employee AND his or her dependents must mee the plan's FULL family deductible before any claims will be paid for anyone in the family, and then the family maximum out-of-pocket applies.
The GuideStone HS Plan (HSA) offerings are growing more popular becauase they allow you to fund your medical expenses from your own personal tax-free Health Savings Account. Since introducing the HS 3000 plan in 2013, we have seen a steady migration of missionaries into this Plan. HSA-compatible plans typically cost 20 percent less than a low-deductible PPO plan such as HC 500. Many of the ministries we connect with, like Pioneers and Wycliffe, are coming to the same conclusions and making the simialr HSA transitions.
HSA plans will also have an employer HSA contribution in addition to the premium.
See Employer HSA Contributions.
HSA Frequently Asked Questions:
Are the in-network doctors and faciities the same for all the plans- both the HSA and the HC plans? YES.
Is Preventative Care defined the same way in all the different plan options? YES.
Can you roll over the savings in your HSA year after year? YES.
What if your doctor bill is higher than the amount in your HSA? YOU CAN EITHER PAY OUT OF POCKET AND REIMBURSE YOURSELF LATER WITH THE HSA. OR, YOU CAN ASK TO BE PUT ON A PAYMENT PLAN WITH YOUR DOCTOR USING YOUR HSA FOR THE PAYMENT.
Can you deposit money into your HSA outside of payroll deductions? YES.
What Reliant Staff Are Saying About the HSA Plan...
“Honestly the Health Saver 3000 HSA did take a little getting used to, but my wife and I have been very happy with it so far. We chose to invest enough that we expect to probably carry an excess balance over from one year to the next. At this point it looks like that will happen. One thing this means is that our family budget for health care next year will actually be reduced since we will already be carrying over some funds in the HSA from this year.” – Steve
“The HSA payment card is super easy to use. Just like a debit card! Also, since we don’t have significant health care needs at this point, we like the ability to save up for the future with lower premiums. We also like the freedom to spend our money saved on out-of-network expenses.” – David
“As a family that has ALWAYS met our out-of-pocket max each year, this year we’ve paid out from our own pockets LESS than every year before and done it with pre-tax dollars!” – Heather
“I like that it did make us think through what medical decisions we were making. I also like that it would allow us to save up for orthodontic work tax-free. I just wish that I had the HSA option back in my 20’s, and had put aside the savings from a traditional PPO into my HSA account. It would have really been worth having that HSA account balance in my 30’s!” – Luke
