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Health Savings Accounts

Health savings accounts (HSAs) from OptumHealth BankSM, Member FDIC, give employees a savings account for present and future medical expenses. Employees own their accounts and can save funds in them indefinitely – there is no "use it or lose it" rule. Your contributions to employee accounts can promote savings for the future, and they are tax-deductible. However, contributions to an HSA can only be made when the employee is enrolled in a qualifying high-deductible health plan, as defined by the U.S. Treasury Department.

Contact a tax, legal or accounting professional for personal advice on tax-related filings and issues. Federal and state regulations subject to change. OptumHealth Bank's deposits are insured by the Federal Deposit Insurance Corporation to at least $100,000 for each depositor.

Help Employees Stretch Their Health Care Dollars

OptumHealth Financial ServicesSM offers tax-favored HSAs through its subsidiary OptumHealth Bank. HSAs let employees save today and build health savings for the future. And employers also receive tax and other financial benefits by offering health accounts to their workforce.*

An HSA is a tax-advantaged account that can be used to pay for qualified health expenses tax-free. Contributions to an HSA can be made only while covered by a qualified high-deductible health plan. HSA funds accumulate tax-free, are portable and can be used to pay for non-health expenses on a taxable basis.

Pairing an HSA with a high-deductible health plan typically brings premium costs down for both the employer and employee, in exchange for a higher deductible. HSAs are designed to enable health care consumers to meet the higher deductible while still reducing their out-of-pocket costs overall.

Eligible Individuals for an HSA are:

  • Covered by a qualified high-deductible health plan**
  • Not covered by any other health plan that is not a high-deductible health plan, unless it is other permissible coverage, such as vision or dental
  • Not enrolled in Medicare
  • Not claimed as a dependent on another person’s tax return

Contact Us

Visit OptumHealthFinancial.com for more information about OptumHealth Bank health savings accounts for your employees, or call us at (800) 717-5360.



*Contact a tax, legal or account professional for personal advice on tax-related filings and issues. Federal and state regulations are subject to change.

**HSA-eligible plan deductibles are reviewed and updated each year by the IRS.For 2008, the annual deductible must be at least $1,100 for individual coverage and $2,200 for family coverage. Additionally, the out-of-pocket maximum must be no more than $5,600 for individual coverage and $11,200 for family coverage.>