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Lifestyle spending accounts

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Help those facing life challenges outside of the work environment and improve their work-life balance.

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Total plan flexibility

Lifestyle spending accounts offer the freedom to select the type of eligible expenses covered. Accounts can be funded the same across all employees or adjusted to accommodate different tiers of contributions.

For reimbursements, employees simply submit claims online or through the Optum Financial mobile app. Employers specify how payment is reimbursed — by paycheck, direct deposit or a separate check.

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Peace of mind

Ease employees’ concerns with added financial support.

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Custom options

Employer chooses eligible expenses, funding and reimbursement options.

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Ease of use

With convenient, quick setup, we offer easy access and minimal paperwork.

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Account options

Lifestyle (post-tax options)

  • Wellness — fitness classes, gym memberships, nutrition counseling, sports leagues, ski passes, meditation and fitness equipment 
  • Financial planning — financial planning and estate planning 
  • Adult education — career education, adult learning and personal enrichment 
  • College admissions preparation — coaching, counseling, seminars and tools

Crisis relief (pre-tax qualified in some cases for emergency conditions)

  • Childcare — day care, preschool and babysitting, nanny or au pair services
  • Housing — mortgage/rent, internet fees and home office supplies
  • Utility and grocery — general household utilities such as gas, electric and water, as well as grocery purchases and delivery

Family and finance (pre-tax qualified accounts)

  • Adoption — legal/agency fees and travel costs
  • Tuition reimbursement — tuition, books and program fees
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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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