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Health savings accounts (HSAs)


An HSA is a tax-advantaged account that can help you pay for qualified medical expenses.

Sign in to your HSA


Learn more about an HSA

An HSA allows you to save money for qualified medical expenses that you’re expecting, such as contact lenses or monthly prescriptions, as well as unexpected ones — for this year and the future.

The money is yours until you spend it — even deposits made by others — such as an employer or family member. You keep it, even if you change jobs, health plans or retire.

Unlike other accounts, an HSA is one of the only savings vehicles that allows you to put money in on a before-tax basis through payroll contribution, grow your savings tax-free (interest and investment earnings are not taxed), and take the money out income tax-free for qualified medical expenses.

Your HSA is also a smart long-term investment vehicle that can play an even greater role in your overall wealth and retirement strategy.

Once your HSA reaches the investment threshold, you may choose to invest a portion of your HSA dollars. Optum Financial makes investing easy and more accessible for you by offering two investment opportunities. Learn more about how to invest your HSA dollars.

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Save money on taxes

An HSA is a triple tax-advantaged account that can help you pay for qualified medical expenses.

Visit our tax center

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No “use it or lose it” rule

You get to keep the money in your HSA, no matter what, even if you change jobs or move off a qualifying high-deductible health plan.

Manage your contributions

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It's a family affair

You can use your HSA to pay for the qualified medical expenses of anyone you claim on your taxes, even if you’re only enrolled with single coverage.

View qualified expenses

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Invest in your future

Once your HSA reaches a certain designated balance you may choose to invest a portion of your HSA dollars.

HSA investment options



What is an HSA?  

An HSA is designed to work with a qualifying high-deductible health plan (HDHP). The money goes in tax-free, grows income tax-free and comes out income tax-free when you use it for qualified medical expenses.

You can carry over unused funds from year to year, and the account is yours to keep even if you change jobs, change health plans or retire.

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Take charge of your healthcare spending. Save smart, it’s easy with a health savings account, or HSA.

An HSA is used to save for qualified medical expenses for you and your eligible dependents, both now and in the future. It works like a regular bank account.

However, an HSA has big tax benefits. In fact, in most cases there are three ways an HSA helps you keep your money in your pockets and out of Uncle Sam’s.

First, generally you won’t pay federal income tax on money you deposit into your account. Keep in mind the IRS sets limits on how much you can contribute each year.

Second, you won’t pay income tax on money you use for qualified medical expenses, that includes vision and dental expenses.

And third, your savings grow income tax free, helping you create a nice little nest egg for retirement.

More good news, with an HSA there’s no use it or lose it rule, that means the money in your account is yours to keep, even if you change jobs or health plans.

Who’s eligible for an HSA? The main requirement is that you’re covered under a qualifying high-deductible health plan or HDHP. Although there are additional requirements defined by the IRS.

So, don’t wait, if you don’t already have an HSA open one! If your HSA is already up and running, contribute to it.

Start taking charge of your health care savings and spending with a health savings account, an easy way to save smart.

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Open an HSA

Take control of your health care savings

An HSA is designed to work with a qualifying high-deductible health plan (HDHP). It takes less than 10 minutes to open an HSA.

Enroll today


Questions about your taxes?

The 2021 tax forms that you may need for your HSA are now available online. Sign in to your account to easily view and download your forms.

Visit our tax center to learn more about the tax benefits and what you need to know at tax time.

Visit our HSA tax center




Resource library

Understanding how to connect your health and finances is more important than ever.

Our resource library brings together industry-leading education, tools and resources designed to help you make the most of your health accounts.


Educational resource

Tax time and an HSA

As the tax season approaches, you may be asking yourself what you, as an HSA holder, need to do differently when completing your tax forms. Use this checklist to help simplify what forms you may need to be aware of when filing your taxes.

Download checklist


HSA resources

Manage your HSA contributions

You have until the tax filing deadline (typically April 15) to make contributions to your HSA for the previous year. Certain states or areas of the country may have additional time due to local holidays or natural disaster extensions. Please seek additional information from the IRS or your tax advisor.

Make an HSA contribution


Qualified medical expenses

Does your expense qualify?

Filter by account type and expense type to learn about qualified medical expenses.

View qualified medical expenses


Explore Optum Store
Save smart. Spend smart.

Everything you need to take better care of your health.

Shop now using code OPTHSA5 with your HSA to receive a 5% discount off all your purchases.*

 Shop now


*Your FSA plan may exclude reimbursement for certain categories of items. Check your plan for specific coverage details.

The promotional codes OPTFSA7, OPTHSA5 and OPTHRA7 offered by the Optum Store is intended for the sole use by Optum Financial flexible spending arrangement (FSA) and health saving account (HSA) members when making a purchase with their FSA or HSA. Promotional codes cannot be applied to previously placed orders and cannot be combined with other promotional codes. Promotional codes are not transferable or redeemable for cash or credit. To apply a promotional code, you must enter it prior to completing the order. Failure to adhere to these terms of use may result in the transaction being voided.

Free and expedited shipping offers do not apply to shipping outside of the contiguous United States. Additional shipping restrictions may apply.

The Optum Store is an affiliate of the UnitedHealth Group family of companies.


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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