Having trouble viewing this email? View it in your browser.
Health Savings News July-August 2014 | Issue 4  
Log into Your Account | Make a Deposit | View Tax Information | Take Health Savings Checkup
Your MasterCard benefits just got better!

Effective JULY 14, 2014, all MasterCard Cardholders will be automatically enrolled in MasterCard’s ID Theft Resolution Service. This service is offered at NO COST to our partners and consumers.

ID Theft Services INCLUDE:

  • 24/7 access to certified resolution specialists
  • Internet monitoring seeks to proactively detect stolen personally identifiable information (PII) and compromised confidential data online
  • Assistance from a specialist with notification to all three major credit reporting agencies
  • Assistance with completing paperwork to alert various parties of the potential fraud
  • Assistance with cancellation of all lost cards in wallet
  • Education about how identity theft can occur and protective measures to avoid further occurrences
  • Cardholder satisfaction follow-ups

There is a toll-free phone number for cardholders to learn more about the benefits, please contact the MasterCard Assistance Center at 1-800-MC-ASSIST (1-800-622-7747).


Mid-year HSA checkup: Are you on track?

Funding your health savings account (HSA) isn’t just smart for the short term, it’s also a smart way to plan for qualified medical expenses in retirement. Your money will add up and help you pay for medical expenses years or even decades from now. You can even choose to invest some of your HSA money in mutual funds.

Remember that your savings roll over from year to year. It’s your money to use today, or you can even save it for expenses you’ll have during retirement. Make sure you have the money you’ll need for the rest of 2014 — and the years to come.

Check your status:

Do you have enough in your HSA to at least cover your remaining deductible?

Have you been spending out of pocket? If so, are you saving your receipts?

Are you saving enough for this year’s anticipated expenses?

Are you saving for future health care needs?

For 2014, you have an annual tax-free limit** of $3,300 for individual coverage or $6,500 for family coverage to deposit into your HSA.

You have three convenient ways to make an additional deposit into your HSA:

1.

Set up payroll deduction at work, if available.

2.

Log into Optumbank.com to access your HSA and set up a one-time or recurring deposit.

3.

Mail in a check (address can be found on your monthly statement).

Check out our new and improved Health Savings Checkup to find out if you have enough saved and estimate your costs!

Take action
 

Order a debit card for a child at college.

If you have family coverage, you can order an additional HSA Debit MasterCard to give to your child going off to college. The debit card will help your child pay for doctor’s appointments and any prescriptions he or she may need when away from home. To request an additional debit card, download a request form at optumbank.com. Under “Using Your Health Savings Account,” select “Account Forms” and follow the directions on the “Additional Debit Card Request” form.

Fun in the Sun! Cool tips to remember this season:

 

Keep babies younger than 6 months out of direct sunlight.

When possible, dress yourself and your children in cool, comfortable clothing that covers the body.

Wear a hat to shield the face, ears and back of the neck.

Limit your sun exposure between 10:00 a.m. and 4:00 p.m.

Wear sunglasses with at least 99 percent UV protection.

Use a broad-spectrum sunscreen with a sun protection factor (SPF) of at least 15 (up to SPF 50).

 

September is Prostate Cancer Awareness month.
The American Cancer Society recommends that men make an informed decision with their doctor about whether to be tested for prostate cancer. Starting at age 50, talk to your doctor about the pros and cons of testing so you can decide if getting tested is the right choice for you.

 

In order to make a contribution to your HSA, you must be enrolled in a qualifying high-deductible health plan and meet the other requirements defined by the IRS.

** For 2014, you can contribute up to the IRS limits of $3,300 if you have self-only coverage or $6,550 if you have family coverage. Contribution limits are increased by $1,000 for eligible individuals age 55 or older. These limits include contributions from you, your employer or others.

Fun in the Sun: Keep Your Family Safe (Copyright © 2008 American Academy of Pediatrics, Updated 4/20/2014)

Health savings accounts (HSAs) are individual accounts offered by Optum BankSM, Member FDIC, and are subject to eligibility and restrictions, including but not limited to restrictions on distributions for qualified medical expenses set forth in section 213(d) of the Internal Revenue Code. State taxes may apply. Fees may reduce earnings on account. 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 laws and regulations are subject to change.

The email address from which this communication was sent is not monitored for responses. If you require assistance, please contact our customer service center toll-free at 1-866-234-8913. Customer care professionals are available to assist you Monday through Friday, 8 a.m. to 8 p.m. Eastern Time. This email was sent by: Optum Bank, 2525 Lake Park Boulevard, Salt Lake City, UT 84120, USA.

Unsubscribe.