FLEXIBLE SPENDING ACCOUNTS

Flexible spending accounts (FSAs) let employees set aside pre-tax dollars to pay for eligible health care and dependent expenses. Employees can use Optum Financial Services debit cards and online account management tools to access their funds whenever they need them. FSAs can save employers money on payroll taxes, too.

Why choose an Optum FSA?

• We’re experienced. We manage more than 2 million health and dependent care accounts for employees and their families. 
• We’re flexible. You can use our FSA in conjunction with your medical plans and other health accounts, including health reimbursement accounts (HRAs). Or, manage your FSA plan separately. You decide.
• We’re effective. Our health accounts education materials, available to you at no charge, help you increase enrollment and highlight the value of the FSA benefit to your employees.

Features

We’re as flexible as the accounts we administer:

• Customization options. We offer education and enrollment materials in a variety of media — print, video and online. You can co-brand materials to tailor your employees’ experience and underscore your sponsorship of the FSA benefit.
• Work with any carrier you choose. Keep your accounts with Optum, even if you change medical carriers.
• Flexible planning. Add or drop features as your business needs or benefits plans change.
• Work with HSAs. If you offer a high-deductible, health savings account-eligible plan, we can administer a limited-purpose FSA. That way, employees with HSAs can save additional money pre-tax for dental and vision expenses.

Benefits

Optum FSAs can help you:

• Beef up your benefits. Attract the best and the brightest with a smart, flexible benefits package. Offer employees our convenient, simple claims and reimbursement process.
• Save money. Lower your payroll taxes and possibly what you pay for other benefit plans, such as workers' compensation and disability. 
• Encourage thoughtful health care spending. When employees pay for some of their eligible health care costs with FSAs, they become aware of the costs of care.  Through this process, employees may learn to reduce those costs through healthier lifestyles and prevention.

Add an Optum FSA to your benefit plan

Call 1-866-427-6804 or e-mail engage@optum.com to reach an employer relations representative.

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.