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Store your receipts online with receipt vault
Store your receipts online with receipt vault
 

Coming this summer, Optum Bank Health Savings Account Receipt Vault will be available to you! This helpful online tool will allow you to upload and store images of receipts for your qualified medical expenses.


Receipt vault gives you a safe and secure place to save your medical expense receipts for as long as you like. You no longer have to worry about receipts fading or getting lost. Once you save your receipts in receipt vault, you'll be able to pull them up anytime through a computer, tablet or smartphone.


Why use receipt vault?


The IRS can audit* your HSA. So you need to save your receipts and show they are for qualified medical expenses.


By using receipt vault, you can track and search for expenses and use it as a storage file in case you need it for your taxes.


You will be able to find the Receipt Vault link on optumbank.com after you log in to your account on your computer. Receipt vault will also be available on your smartphone or tablet.


Stay tuned, this feature is coming soon!


 

55+ Catch Up Contribution

Did you know if you are 55 or older, you can make a “catch-up” contribution to your HSA? This means you can deposit an additional $1,000 per year over your annual limit. Contributing an additional $1,000 to your HSA helps you save more money for future qualified medical expenses, while saving you more on taxes.


Click here for more information on limits.
 

Vacation Season: Lost or Stolen Debit Cards

Traveling can sometimes take its toll. Learn more about protecting yourself against fraud if your debit cards go missing.

MAY/JUNE 2015

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PLAN TODAY FOR YOUR FUTURE!
It’s never too early to begin planning for your future! Our Health Savings Checkup tool is designed to help you determine how much you will need for health care costs when in retirement. It’s quick and easy to use. Click here to get started on creating your savings plan.
 
DON'T MISS NATIONAL MEN'S HEALTH WEEK IN JUNE**
Celebrate National Men’s Health Week, June 15th–21st. Men should make their health a priority by taking daily steps to be healthier and stronger. Making simple changes to your daily routine can improve your health and help stay healthy. Here are a few steps you can take:

  • Take a bike ride.
  • Eat less salt.
  • Try more veggies.
  • Get good sleep, in general adults need between 7–9 hours.
  • Avoid smoking, drugs and alcohol.
  • Manage stress with meditation, massage, connecting with people socially and staying active.
 
 
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QUALIFIED MEDICAL EXPENSES
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Investments are not FDIC-insured, are not guaranteed by Optum BankSM and may lose value.
 
 

* Electronic receipts are an acceptable form of documentation for the IRS


** http://www.cdc.gov/men/nmhw/


In order to make a contribution to your HSA, you must be enrolled in a qualifying high-deductible health plan and meet the other requirements defined by the IRS.


For 2015, you can contribute up to the IRS limits of $3,350 if you have self-only coverage or $6,650 if you have family coverage. Contribution limits are increased by $1,000 for eligible individuals age 55 or older. These limits include contributions from you, your employer, or others.


Health savings accounts (HSAs) are individual accounts offered by Optum BankSM, Member FDIC, and are subject to eligibility and restrictions, including but not limited to restrictions on distributions for qualified medical expenses set forth in section 213(d) of the Internal Revenue Code. State taxes may apply. Fees may reduce earnings on account. This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment, and restrictions. Federal and state laws and regulations are subject to change.


The email address from which this communication was sent is not monitored for responses. If you require assistance, please contact our customer service center toll-free at 1-866-234-8913. Customer care professionals are available to assist you Monday through Friday, 8 a.m. to 8 p.m. Eastern Time. This email was sent by: Optum Bank, 2525 Lake Park Boulevard, Salt Lake City, UT, 84120, USA.


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