Insert Name of Audience Overview of Your Health Reimbursement Account (HRA) Insert Date

Insert Name of AudienceOverview of Your Health Reimbursement Account (HRA)Insert Date

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth.

Instructions to Presenter

There are a number of items in this presentation that need to be customized for your audience.

– Slide 6 – Update with the name of the health plan associated with the HRA– Slide 11 – Update with whether the plan allows rollovers– Slide 12 – Update with the plan design – are FSA or HRA dollars used first?– Slide 17 – Remove if no debit card– Slide 20 – Update with any additional training available with the company.– Slide 21 – Update with whether there is a debit card.

As always, remove slides as needed based on level of customer knowledge and time available

In addition, when printing the notes, you can see the script more easily if you select File/Send to/Microsoft Word, and choose “Notes below the text”. That way, longer scripts will flow to the next page.


Agenda

Introduction to OptumHealth Financial Services

HRA Overview

How to Make the Most of Your Coverage

Using an HRA

What You Need to Know

Comparison of FSAs and HRAs

Managing Your HRA

Common Questions

3


OptumHealth Financial Services

4

Focuses on health care financial services

OptumHealth Financial Services is the custodian for over 2.2 million health accounts

Serves thousands of employers nationwide

We service employers of all sizes, from 2 to over 100,000 employees

Offers comprehensive claims processing

We process over 230 million claims a year

Serves thousands of employees nationwide

We manage over 535,000 HRA accounts

Health Accounts and Administration – All In One Place


You Can Expect

Responsiveness

Access to highly trained HRA specialists

Online account management

Fast, accurate processing of claims

5


HRA Overview

6

Financial account

Used to reimburse eligible out-of-pocket expenses

Funded by employer

Often tied to an HDHP


Advantages of an HRA

7

Reduction of out-of-pocket expenses

Funds carry over from year to year

Tax advantages


How You Can Make the Most of Your Coverage

8

Health Care Consumerism

Make informed choices

Look for ways to lower health care costs

Own your health care decisions

Understand your medical coverage

Maintain a healthy lifestyle

Use your preventive care coverage to catch health issues early


How Do You Use an HRA?

Barbara’s employer creates an HRA for eligible employees and contributes $500 to every account.

1

Barbara

Barbara pays for eligible expenses out-of-pocket then files claims for reimbursement from her HRA.

2

Reimbursements are deposited directly to her account.

3

During the year, Barbara uses $350 of her employer’s $500 contribution.

4

At year-end, the remaining $150 carries over to Barbara’s HRA for use in the future.

5

9


What You Need to Know About Your HRA

10

An HRA is not health insurance

Can be used to reimburse eligible expenses incurred by you, your spouse and dependents

No “use it or lose it” requirement

HRA contributions are owned by your employer


Comparison of FSAs and HRAs

11

Funded by the employee

All funds must be used by the end of the runout period

Health care and dependent care expenses may be reimbursed

Eligible expenses determined by IRS and employer

Annual enrollment

FSA

Funded by the employer

Funds automatically rollover to the next plan year

Only health care expenses are reimbursed

Eligible expenses determined by IRS & employer

Automatic enrollment

HRA


Using your HRA with an FSA

Your employer offers both an HRA and an FSA

The two accounts work together

These two accounts allow you to reduce the majority of your annual out-of-pocket heath care expenses

Funds will be taken out of your XXX first

12


How to Manage Your HRA: Automated Account Enrollment

13

Employer decides who is eligible.

You’re enrolled in the HRA automatically.


How to Manage Your HRA: Welcome Kit

14

All of the information you need:

Overview of your HRA plan

List of qualified expenses

Reimbursement options/schedules

Claims forms and envelopes

Direct deposit enrollment forms


How to Manage Your HRA: Experienced Customer Support

Highly trained service specialists

Available from 7:00 am to 7:00 pm CST

Familiar with your employer’s plan

15


How to Manage Your HRA: Online Benefit Management

16

Secure Web site allows you to:

View your current balance

View your monthly statements

Check reimbursement status

Review qualified expenses

Access extensive resources

www.ohfsbenefitaccess.comwww.ohfsbenefitaccess.com


How to Manage Your HRA: Paying For Qualified Expenses

17

Automatically receive a debit card linked to your HRA

Use it at point-of-sale or point-of-service

Save your receipts or other documentation

Certain claims do not require you to submit receipts, including:

• Costs at providers that match your co-pay amount or a multiple up to five times that amount

• Orthodontists (as part of a monthly schedule)

Other uses require you to submit receipts to substantiate the claim was used for eligible expenses


How to Manage Your HRA: Paying For Qualified Expenses

18

Pay for a qualified expense out-of-pocket, at point-of-sale, or point-of service using cash, credit card or check

Retain your receipt or other form of documentation that supports your purchase

Be sure the receipt includes the date the service was provided, the name of the service provider or clinic, explanation of the service provided


How to Manage Your HRA: Claims Reimbursement

19

Streamlined claims submission: paper, online, fax

Choose the option that works best for you

Claims are processed according to a schedule set by your employer

Direct deposit or paper checks mailed to your home


Learn About Your HRA Online

20

A series of short, online training sessions on

HRAs are available at any time

You can access all Health Accounts Self-

Guided Tours at the site below.

Access all Self-Guided Tours at: www.openenrollment123.com/self-guided-tours/ Access all Self-Guided Tours at: www.openenrollment123.com/self-guided-tours/


Common Questions

21

• Employer decides who is eligible.

• Eligibility may be tied to a medical plan.

• Eligible employees are enrolled automatically.

How do I enroll?

1

Can I take the funds in my HRA with me if I leave the company?

2

Can I add my own contributions to my HRA?

3

How do I access the funds in my account?

4

No. Funds belong to your employer and stay with the company, including accumulated funds. Employer decides what will happen to excess funds if you retire.

No. You cannot contribute to your HRA. Only your employer can fund an HRA as outlined in the Summary Plan Description.

• Pay for an expense out-of-pocket.

• Submit a claim by mail, fax or email.

• Manage your HRA through OptumHealth’s secure Web site.


What If I Have More Questions?

Visit www.ohfsbenefitaccess.com to find an answer

Call the appropriate toll-free customer support area listed on the website

Talk to your employer

22

Health Reimbursement Accounts are administered by OptumHealth Financial Services and are subject to eligibility and restrictions. This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment and restrictions. Federal and state regulations are subject to change.


OptumHealth Financial Services | www.optumhealthfinancial.com

© 2011 OptumHealth Financial Services. All Rights Reserved.

Documents

Insert Name of Audience Overview of Your Health Reimbursement Account (HRA) Insert Date