BlueSaver^SM Health Account Solutions

Plan Comparison

Which BlueSaver Health Account Solution is best for your company?

	BlueSaver HSA Solutions*	BlueSaver HRAs	BlueSaver FSAs
Availability	Groups 2+ Employees	Groups 100+ Employees	Groups 100+ Employees
Eligibility	Any individual who: - Under age of 65, not covered by other health insurance - Not entitled to or covered by Medicare - Not claimed as a dependent on another person’s tax return	All Employees	All Employees
Are there any health plan requirements?	Must be offered with a qualified high deductible health plan	Typically offered with a High Deductible Health Plan	Can be offered with any plan
How are accounts funded?	Employee	Employer	Employee
Maximum Contributions	For 2008: $2,900 for single coverage, $5,800 for family coverage* For 2009: $3,000 for single coverage, $5,950 for family coverage*	Determined by employer	Determined by employer
Can account balances roll over to the next benefit year?	Yes	Determined by employer	No, unused balances are forfeited at the end of the year
Is the account portable?	Yes, the member owns the account and it will move with them if they change groups	No, if the member leaves, unused funds go to the group	No, if the member leaves, unused funds are forfeited
Are claims substantiated as qualified medical expenses?	Yes, only qualified medical expenses are reimbursable.	Yes, only qualified medical expenses are reimbursable.	No, but account holder must substantiate any claimed reimbursement if requested by the IRS.
Can funds earn interest?	Yes	N/A	No
Is there an investment feature?	Yes	No	No
How are funds utilized/reimbursed?	Debit Card/Checks	Claim reimbursement or Debit Card	Claim reimbursement or Debit Card
Reimbursable Expenses	Defined in IRS Section 213(d), and certain qualified premiums	Copays, deductibles and coinsurance	Defined in IRS Section 213(d)
Tax for employer contributions	Employer contributions excluded from employee’s taxable income	Employer contributions excluded from employee’s taxable income	N/A
Tax for employee contributions	Post tax “above the line” deductions	N/A	Pretax from gross income
Employer tax savings	Business expense: 7.65% of employee contribution	Business expense: deduction for payments	Business expense: 7.65% of employee contribution
Who substantiates claims?	Employee maintains supporting tax records	Administrator substantiates all medical expenses	Administrator substantiates all medical expenses
How are distributions handled from a tax perspective?	Qualified medical expenses are tax free. Non-qualified medical expenses are subject to tax and penalty.	Qualified medical expenses are tax free.	Qualified medical expenses are tax free.
Employer reporting requirements	Employer contributions	Not Required	N/A

*These amounts are adjusted by the IRS annually for inflation.