U.S. Bank Health Savings SolutionSM

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U.S. Bank Health Savings SolutionSM

• An Institutional Trust Custody Product

Four Steps to Implementation
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Step 1. Group DocumentationStep 2. Employer
ContactStep 3. Employee EnrollmentStep 4.
Contribution Process
Four Steps to Implementing an HSA
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Step 1. Group Documentation

• Confirm that employer has HSA eligible HDHP
• Discuss the appropriate enrollment process for
  the client
• Discuss and confirm the appropriate contribution
  process for the client

• Documentation
• Client Profile Questionnaire
• Contribution Agreement
• HSA ACH Agreement

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HSA Enrollment Options for Employers

• Web enrollment (Employee)
• Employer receives customized Web Enrollment
  Instruction sheet
• HSA Employee completes online enrollment to
  establish account
• Employee receives customized kit
• The Welcome Kit will be mailed to the employee
  within 7-10 days of receiving the completed
  application
• Batch enrollment (Employer)
• An electronic file with the necessary employee
  data is sent to the U.S. Bank Implementation Team
• A pre-filled enrollment kit will be mailed to the
  employees home within 7-10 days
• Employees receives customized kit
• The Welcome Kit will be mailed to the employee
  within 7-10 days of receiving the completed
  application
• Paper-based enrollment (Employee)
• Employer receives Enrollment Kit electronically
  (soft copy) and distributes to HSA Employees
• Employee reviews product information and
  completes HSA application.
• Employer batches completed applications and sends
  them to U.S. Bank
• The Welcome Kit will be mailed to the employee
  within 7-10 days of receiving the completed
  application

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Step 2. Employer Contact

• U.S. Bank receives necessary three documents
• Implementation Manager makes personal contact
  with employer to discuss
• Group enrollment options
• Expectations on key deliverables
• Roles and responsibilities
• Preferred contribution method

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Step 3. Employee Enrollment

• Employees complete the enrollment process
• U.S. Bank will mail HSA Welcome Kits 7-10
  business days after receipt of completed
  application
• Welcome Kit includes HSA check stock, deposit
  slips and resources regarding employee
  interaction with their account
• VISA debit card will arrive in a separate
  mailing shortly after Welcome Kit

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Step 4. Contribution Process

• U.S. Bank Implementation Team works with the
  employer to integrate selected contribution
  process
• Contribution Options
• Health Savings Account Employer Interface (HEI)
• ACH PPD
• Batch Data File