Health savings and spending accounts
Help employees save and pay for health care.
Improve employee health management
With Optum Financial, you can help your employees:
- Prepare for and manage health care costs and payments
- Easily and securely access their information and accounts
- Feel empowered to become better health care consumers
More than 8 million health accounts
Over $17 billion assets under management
#1 HSA provider in the US
Explore our solutions
Learn more about our health accounts and how to incorporate them into your benefits offering.
Discover the benefits of an HSA
An HSA helps employees manage health care spending and enables them to plan, save and pay for health care through a tax-advantaged account.
Unused funds carry over from year to year, and the account is theirs to keep even if they change jobs, change health plans or retire.
Financially reward employees for healthy actions
An HIA helps employees manage their health care spending and enables them to pay for health care through an employer-owned account. The account is funded after pre-defined health actions are completed by the employee, resulting in a healthier workforce.OR
What is an ICHRA?
An ICHRA is an innovative solution that provides an expansion of HRA health benefits for employees. It represents a more modern model of health insurance.OR
Help employees be more active in their health care
Engaged employees make more informed, cost-effective decisions, helping to reduce costs and increase productivity for your organization.
An FSA helps employees budget for expenses while reducing their taxable income.
Multiple ways to save
Health care FSA: Eligible expenses may include certain medical, dental, vision, prescription drug and qualified over-the-counter expenses that are not reimbursed by your group benefit plans or another source.
Dependent care FSA: A benefit plan that allows employees to use pre-tax dollars to pay for dependent care services incurred while they are at work. Typical expenses are incurred for the care of dependents under the age of 13 or older dependents incapable of self-care.
Limited purpose FSA: A tax-advantaged account offered alongside an HSA. Employees can pay for dental and vision expenses with pre-tax dollars without having to dip into their HSA.OR
Reduce qualified commuting expenses
Commuter benefits help employees pay for qualified commuting expenses such as public transportation, parking and bicycle commuting expenses.
Two benefit options
With the ordering model, employers provide an eligibility list to their employees of products and services they can order the month before they need them. Participating employees can place orders on the Optum Financial website.
With the election model, employees make a monthly payroll deduction election that contributes to a separate account. The account is used to purchase transportation products and services up to the amount of the account’s balance.OR
Create a seamless transition for your beneficiaries
Optum combines in-depth knowledge of federal and state continuation laws with unique administration capabilities to create a premier COBRA solution.OR
Latest thinking from Optum Financial
Optum Financial is dedicated to helping consumers understand the financial side of health care and what they can do to take a proactive approach.
5 Stages of Health Saving and Spending
Discover how Optum Financial has advanced its predictive engagement model to provide the right message at the right time for health savings account optimization.
Is financially preparing for a chronic condition possible?
Learn about the emotional impact of chronic care and how deeply intertwined health and finances are. This paper also includes ideas for how to financially weather a chronic condition.
Health savings accounts (HSAs) are offered or administered by Optum Bank®, Member FDIC, or ConnectYourCare, LLC, each a subsidiary of Optum Financial. HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State taxes may apply. Fees may reduce earnings on account. Flexible spending accounts/arrangements (FSAs), health reimbursement arrangements (HRAs), Commuter and Parking Benefits, Adoption Reimbursement Plans, Tuitions Reimbursement Plans, Surrogacy Reimbursement Plans, Lifestyle Plans, COBRA Benefits, and all other account types are administered on behalf of your plan sponsor by Optum Financial, Inc. or ConnectYourCare, LLC (collectively, “Optum Financial”) and are subject to eligibility and restrictions. Please contact a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Please contact your plan administrator with questions about enrollment or plan restrictions. Federal and state laws and regulations and the design of your plan are subject to change.
Self-directed mutual fund investment options are made available through the services of an independent investment advisor, or your plan sponsor. Discretionary advisory services are provided by Betterment LLC, an SEC-registered investment adviser, with associated brokerage transactions provided by Betterment Securities, member FINRA/SIPC. For details and disclosures visit betterment.com. Certain brokerage services are offered through TD Ameritrade, Inc., member FDIC/SIPC and a subsidiary of The Charles Schwab Corporation. For details and disclosures, visit www.tdameritrade.com. The Schwab Health Savings Brokerage Account is offered through Charles Schwab & Co., Inc., member FINRA/SIPC. For details and disclosures, visit schwab.com.
Orders are accepted to effect transactions in securities only as an accommodation to HSA owners. Optum Financial and its subsidiaries are not broker-dealers or registered investment advisors and do not provide investment advice or research concerning securities, make recommendations concerning securities, or otherwise solicit securities transactions.
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