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BENEFITS FOR EMPLOYEES

• Ease of use
  
• Investment service
  
• Line of credit option

WHAT ARE THE COSTS?

• Employers
  
• Employees

WHY J.P. MORGAN?

• Implementation support
  
• Vast experience
  
• Competitive advantages
  
• Flexibility

BENEFITS FOR EMPLOYEES

Ease of use
Chase HSAs give employees all the tools they need to access funds and monitor balances with total ease and convenience:

• An FDIC-insured, interest-bearing cash account with competitive interest rates
  
• A VISA debit card that is accepted at thousands of ATMs and points of sale
  
• Convenient Online Bill Pay for qualified medical expenses
  
• Flexible funding opportunities (payroll deduction as well as discretionary deposits)
  
• Online access to transaction history and balance information

Investment service

• Chase HSAs offer qualifying employees an optional investment account through
  J.P. Morgan Institutional Investments Inc.*
  
• Each accountholder will be able to create a balanced portfolio that reflects his/her specific needs and risk preferences.
  
• Most programs carry no fees for online mutual fund trades, and funds can be transferred quickly and easily to the employee’s HSA cash account when needed.**

Line of credit option

• Employees have the option to apply for a Healthcare Line of Credit that can provide a safety net for unanticipated healthcare expenses prior to funds being deposited into the account.
  
• If their healthcare costs exceed their available HSA balances, the line of credit activates automatically to cover expenses up to their available credit limit.
  
• There are no application or annual fees associated with the Healthcare Line of Credit.***

WHAT ARE THE COSTS?

Employers
You have the option of paying monthly administrative fees or passing them to your Employees (to be deducted from their HSA). There is flat service charge of $3.50 per month per open employee account. The only other charges you might incur would involve optional HSA marketing materials you may elect to order. If an accountholder leaves your company, the individual retains ownership of the account but you are no longer responsible for paying the service charges.

Employees
If the Employer pays the monthly administrative fee, there are no monthly HSA fees for employees, and no transaction fees for using the debit card at an ATM or point of sale. However, there may be typical bank fees for services such as check orders, or when an employee has insufficient funds in the account, all of which are identified in the fee schedule for their HSA.

WHY J.P. MORGAN?

When you work with J.P. Morgan, you partner with one of the world’s strongest and most respected financial institutions with a proven track record in delivering HSA-related services of the highest quality and value.

Implementation support

• We provide everything you need to get your program up and running quickly.
  
• Our comprehensive menu of customizable marketing communications will help you inform, educate and enroll employees.
  
• We offer a very simple and clear employee enrollment process, either online or paper.
  
• Comprehensive reporting allows you to manage your HSA program and provide detailed data on balance levels, service charges and other topics.

Vast experience

• J.P. Morgan was one of the first banks in the nation to offer Health Savings Accounts, so you gain the benefit of our years of experience assisting employers of all sizes, in all industries.
  
• We are a leading innovator in this fast-evolving industry, so you’ll be among the first to benefit from new ideas and better choices.
  
• J.P. Morgan and Chase are names that your employees know and trust, which reinforces that opening a Health Savings Account is a smart decision.

Competitive advantages
All J.P. Morgan HSA Programs feature:

• Secure, online access for program administration
  
• Flexible options for funding employee HSAs
  
• A comprehensive menu of administrative reports on your program
  
• Access to the HSA Adoption Kit for Employee Education
  
• Optional line of credit feature available on HSAs
  
• Wide range of employee investment options

Flexibility

• An HSA program from J.P. Morgan can be paired with High Deductible Health Plans from any insurance company.
  
• If you decide to change insurers at any point, you won’t need to change HSAs - which will give you the freedom to make cost-effective decisions in the future with minimal disruption to employees.