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Who is NovaSys Health?
About
Your HSA Custodian
What is the HSA PPO?
What are Pre-Tax Contributions?
What are the Eligible Medical Expenses?
Who Is a Qualified Dependent?
Do I Have a Debit Card Option?
Can I Invest My HSA Funds?
Who is DataPath Administrative Services?
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10 reasons you should have an HSA
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About your HSA
From time to time, we are all faced with
medical expenses. It may be the prescription medication that you take
for high blood pressure or the trip to the emergency room for a broken
arm. One thing is for sure; we will all have medical expenses in the future.
Health Savings Accounts allow you to start saving today, for a healthy
tomorrow.
When those medical expenses do come
up, you have access to your HSA 24 hours a day, 7 days a week through
an Internet
site: www.myrsc.com.
This system provides you with a gateway to your HSA where you can enter
a medical expense in the
"Claims VaultSM", see your account balance and earned interest,
make additional contributions, download documents or forms, and request
a disbursement or withdraw from your account.
You can also manage distributions on
two different schedules for each individual expense that you or your family
incur, as outlined below.
First In - First Out
This approach provides immediate distribution
of the HSA funds as soon as you incur an expense. This will typically
occur when your insurance carrier, NovaSys Health, electronically sends
us an EOB (Explanation of Benefit). EOBs are generated for a majority
of your medical expenses such as a doctor's visit or hospital stay.
As the EOB is received from NovaSys Health, we will enter the expense
into the system and remit the available HSA funds directly to your personal
checking or savings account.
Accumulated Disbursement
This allows you to save your receipts,
either personally or electronically on www.myrsc.com, and get the
money from your HSA at a later time, maybe years after the expense
was actually
incurred. This may be the best approach for an individual who is looking
at the long-term savings of the HSA. The longer that the HSA can accumulate
an account balance, the more interest that can be earned.
For more information on your
specific HSA, select from the options below:
Public School Employees
State
Employee
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