Our HSA-compatible PPO insurance plans give members greater freedom in choosing care – no referrals required.1
A Health Savings Account (HSA) – The HSA for Life® Health Savings Account from Bank of America allows your employees to contribute, earn interest and pay for eligible health care expenses, all in tax-advantaged ways. Plus they can save for current and future medical expenses because the unused funds in their HSA roll over year after year and continue to earn interest. The HSA for Life stays with them even if they change jobs or retire—it’s there for their life.
Health Tools – We help your employees make smarter decisions about their health care by offering Health Net’s Exclusive Benefits.
Advantages of the HSA for Life from Bank of America:
The HSA belongs to the member, the funds earn interest, and the HSA is completely portable
No set-up fees, and no minimum deposit amount to open the HSA
A low monthly fee of only $3.95 Per Account Per Month2
Online account management, which includes online bill pay, expense tracking, investments tracking and 24-hour access to online reporting seven days a week
A Bank of America HSA Visa® debit card and access to online bill pay to request payments for qualified health care expenses
May invest HSA funds exceeding $1,000 in a choice of 14 Columbia Mutual Funds
Convenient debit card access
EZAccess HSA Program Overview
Medical Plan Benefits
Health Net's Exclusive Benefits
No referrals for most covered services.
Significant savings when visiting one of more than 51,000 providers and 300 hospitals in the Health NetPPO networks.
A combined medical and pharmacy deductible – You pay the full cost of your prescriptions and medical care (at our negotiated rates) until your yearly deductible is met.
Toll-free health plan customer service at 1-800-522-0088.
Explanation of Benefits statements that explain exactly what you owe.
You have access to a large statewide network of more than 310 hospitals and over 54,000 physicians.
You can make tax-free contributions up to the IRS maximum, as well as tax-free withdrawals to pay for qualified medical and pharmacy expenses.2
Unused funds roll over year after year while earning interest tax-free.2
You control how your health care dollars are spent.
The HSA belongs to you; you keep it even if you change jobs or retire.
Save for future medical expenses.
Decision PowerSM is a support program with HealthCoaches, decision-support videos, information resources and online tools, available 24 hours a day, seven days a week at no additional cost.
Hospital Comparison Report at www.healthnet.com allows you to get an independent analysis of area hospitals, including patient volume and charges for a particular procedure or medical condition.
Treatment Cost Estimator on www.healthnet.com allows you to view cost estimates for common health care conditions, tests, drugs, office visits, and outpatient procedures and treatments.
It's Your LifeSM – Wellsite on www.healthnet.com has wellness programs, online tools, health risk assessments, valuable discounts and general health information.
Other online information – This includes links to your plan benefits, ID card replacement, forms and more.
1 Plan benefits (other than preventive) are paid beginning when the plan deductible has been met. Members may need to pre-certify certain types of hospital and other facility-based care to be eligible for coverage.
2 This is Federal tax information. State taxes may apply. Tax information is for general purposes only. For more detailed information about the tax implications of an HSA, please contact a professional tax advisor.
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