Want to stay on the cutting edge of consumer-directed health? Now you can.
OptumHealth Financial Services is singularly focused on helping employers, brokers, benefits consultants and the health care community.
From integrated Health Savings Account administration and leading-edge card products, to payment processing services and information exchange solutions, OptumHealth Bank leads the market in helping clients meet the demands of the changing health care landscape.
Offer your employees the flexibility and freedom they seek to maximize their health care dollars and take control of their health care spending. Health Savings Accounts (HSAs) from OptumHealth Bank offer flexibility and tax advantages for both you and your employees.
HSAs: Funds for Today and Tomorrow
HSAs provide a tax-effective way to pay current medical bills or accumulate funds for future needs. They encourage employees to take an active interest in their health care decisions, driving more efficient use of health care resources. Account holders control where and how to spend their HSA dollars when making health care choices for themselves and their families.
With an OptumHealth Bank HSA, employees enrolled in qualified high deductible health plans can deposit and accumulate funds from year to year to pay for eligible health care expenses (such as medical, dental and prescription drugs) tax-free. The funds are also available to spend on non-health purposes on a taxable basis. HSA funds are deposited in an account at OptumHealth Bank, member FDIC, and funds will earn interest tax-free. Your employees are 100 percent vested in HSA funds as soon as they are deposited. In addition, your employees will be eligible to invest in a variety of funds once their account balance reaches $2,000. Click here for a list of available mutual funds.
How are HSAs Different?
HSA funds can be:
•Accumulated tax-free for future health expenses. No more use-it-or-lose-it rule as you will
find with FSAs
• Supplemented by an employer, based on plan design, by a family member, or by any other
• Non-taxable when used to reimburse qualifying health expenses
• Available to spend on non-health purposes on a taxable basis
• Portable if an employee leaves your company
Why Choose an HSA for Your Employees?
As you make decisions about benefit offerings for your active employees and retirees, consider an HSA. Health Savings Accounts:
• Encourage consumer engagement and empowerment to make health care choices
• Promote tax-free savings — with interest — for your employees
Questions about the HSA program?
Please contact our Customer Care Professionals at 866-234-8913 and select the Broker/Employer prompt.