About Individual Health Plans

  • Plan summaries and rates:

  • Do your clients want healthcare coverage plus a way to invest for their financial future?

    Our qualified high deductible health plan with HSA offers your clients great basic coverage and a chance to save money and invest it for future healthcare expenses. It also allows your clients to reduce their taxable income.

    We make it easy to enroll in and to manage both the health plan and the savings account.

    Why many people choose an HSA health plan

    HSAs offer a triple tax advantage:

    1. Contributions are 100% tax deductible
    2. Funds withdrawn to pay for qualified medical expenses are not taxed
    3. Interest earnings accumulate tax-deferred and are tax free when used to pay qualified medical expenses

    They also enjoy:

    • Monthly rates that are lower because of higher plan annual deductibles
    • Accrued interest over time on unused funds
    • The opportunity to invest funds in a variety of mutual funds-with no transaction fees
    • HSA funds are owned by your client, meaning they can keep them if they change to another health plan
    • HSA funds can be used without penalty for nonmedical expenses if you are 65 or older or if you become permanently disabled (You will still owe tax on the funds you withdraw)

    How an HSA with a qualified high-deductible health plan works

    • Pays 100% for covered preventive care and certain preventive prescription drugs from day one
    • Your clients pay-either out of pocket or with their HSA funds-all medical and pharmacy expenses until they meet their annual deductible. Then the plan pays 100% of expenses for the rest of the year
    • Funds not spent from the HSA continue to accrue interest
    • Member resources available:
      • Value of HSA - HSA information for 2016
      • UMB HSA Account Application

    Integrated banking

    We offer integrated banking through ConnectYourCare, so that your clients who enroll in an individual HSA-qualified health plan can make the most of their HSA accounts. An account offers:

    • No monthly service fees
    • A healthcare payment (debit) card
    • Online access 24/7, making it more convenient to track and manage qualified healthcare expenses
    • Opportunity to invest in mutual funds that include more than 100 options with no loads and no transaction fees (for clients who meet the minimum balance)
    • UMB Bank serves as the custodian bank for these HSA accounts*

    HSA accounts set up through ConnectYourCare give your clients the ability to maintain records either through our mobile app or by scanning documents to the ConnectYourCare website. This makes it easier to store their records in one place for future reference, such as filing taxes or responding to an IRS audit. In addition, the ConnectYourCare site gives them access to tips for making the best use of their accounts for investments, contributions, and paying for expenses.

    *UMB Bank n.a., is a member of the FDIC. Founded in 1913, UMB Bank is one of the largest independent banks in America.

    Is your client eligible for an HSA?

    • Before an HSA an can be opened, your client must be covered by a qualified high deductible health plan
    • Your client must also be able to answer “No” to these questions:
      • Are you covered by another health plan?
      • Are you enrolled in Medicare?
      • Are you another person's dependent?
  • Resources and tools:

  • Medical and Dental Claims

    Claim Form

    Pharmacy

    Health, Allergy & Medication Questionnaire

    Express Scripts Home Delivery Mail-Order Form

    Prescription Drug Reimbursement Form

    Disclosure and Privacy

    Authorization for Release of Psychotherapy Notes

    Disclosure Accounting Request

    Information Release Form - Give someone permission to obtain and discuss your personal and health information, including sensitive information such as substance abuse, reproductive health, and mental health. You can also authorize members on your plan to see your sensitive information on LifeWiseOR.com or ConnectYourCare (medical funding account).

    Request for Amendment of Records

    Request for Inspection of Records

    Miscellaneous

    HSA Authorization Form for UMB Bank

    Producer of Record Change Form

    Want products and services that save you money and support your healthy lifestyle?

    We offer member-only discounts on gym memberships, travel, and more.

    We also offer benefits for wellness related classes offered through local hospitals with topics like:

    • CPR
    • Childbirth and parenting
    • Bike safety
    • Babysitting, and more

    Log in to see these member discounts and more.

    Alternative services

    Save on alternative care services such as chiropractic, licensed acupuncturists, licensed massage therapists, naturopathic physicians, dietetic and nutrition services.

    Diet, nutrition and supplements

    Special low prices on weight-loss programs including Jenny Craig, and Bestlife, the award-winning diet and fitness plan from Oprah's trainer, Bob Greene.

    Eye care

    Receive special savings on your next eye exam and on name brand vision hardware and contact lenses.

    Fitness

    LifeWise offers discounted membership and waived initiation fees at LA Fitness.

    Hearing

    Save money on hearing aids and screening exams.

    Newborn services and products

    Save on umbilical cord blood banking and safety products for your child and home.