Page 9 - 2015 NISC Open Enrollment

2015 Open Enrollment

U.S. Bank HSA Card

Your U.S. Bank HSA account comes with a bank card which works like a
debit card. You will have access to the funds as they are deposited into the
account. NISC will be making monthly contributions, and any employee
contributions will be made through payroll deduction on a semi-monthly
basis. Using the card will eliminate the need to initiate transfers to and from
your account to reimburse medical expenses.

Making Payments with HSA Funds
z The card can be swiped for qualiied medical, dental, or vision expenses

z Money can be transferred to a personal account in the amount of the
qualiied expense
z Vendor information can be set up on the U.S. Bank website and a check
will be sent to them in the amount of the qualifying expense

z Employees are responsible to retain receipts for proof of qualifying
expense

Managing Your Account
z Current HSA participants will continue with the same account

z New participants will receive an email from U.S. Bank explaining how to
set up your account

z A balance in the account over the amount of $2,500 can be invested
z Employees can make investment decisions through the online portal

z Growth in HSA balances is not subject to tax

z U.S. Bank imposes a monthly fee for an account with a balance below
$2,500; fees will be deducted automatically from the account balance;
bank fees will not count toward the maximum annual HSA contribution

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