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Health savings and spending accounts

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Help employees save and pay for health care.

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Improve employee health management

With Optum Financial, you can help your employees:

  • Prepare for and manage health care costs and payments
  • Easily and securely access their information and accounts
  • Feel empowered to become better health care consumers
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More than 8 million health accounts

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Over $17 billion assets under management

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#1 HSA provider in the US

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Explore our solutions

Learn more about our health accounts and how to incorporate them into your benefits offering.

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  • Discover the benefits of an HSA

    An HSA helps employees manage health care spending and enables them to plan, save and pay for health care through a tax-advantaged account.

    Unused funds carry over from year to year, and the account is theirs to keep even if they change jobs, change health plans or retire.

    Tax benefits

    HSAs offer tax-advantaged savings:

    • Income tax-free payroll contributions
    • Income tax-free payments for qualified medical expenses
    • Income tax-free growth from interest or any investment earnings

     Download fact sheet

    Learn more about HSAs

    Learn more about HSA On Demand®

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  • Offset employee health care costs

    An HRA helps employees manage their health care spending and enables them to pay for health care through an employer-owned account.

     Download fact sheet

    Learn more about HRAs

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  • Financially reward employees for healthy actions

    An HIA helps employees manage their health care spending and enables them to pay for health care through an employer-owned account. The account is funded after pre-defined health actions are completed by the employee, resulting in a healthier workforce.

     Download fact sheet

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  • What is an ICHRA?

    An ICHRA is an innovative solution that provides an expansion of HRA health benefits for employees. It represents a more modern model of health insurance.

    Learn more about ICHRAs

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  • Help employees be more active in their health care

    Engaged employees make  more informed, cost-effective decisions, helping to reduce costs and increase productivity for your organization. 

    An FSA helps employees budget for expenses while reducing their taxable income. 

    Multiple ways to save

    Health care FSA: Eligible expenses may include certain medical, dental, vision, prescription drug and qualified over-the-counter expenses that are not reimbursed by your group benefit plans or another source.

    Dependent care FSA: A benefit plan that allows employees to use pre-tax dollars to pay for dependent care services incurred while they are at work. Typical expenses are incurred for the care of dependents under the age of 13 or older dependents incapable of self-care.

    Limited purpose FSA: A tax-advantaged account offered alongside an HSA. Employees can pay for dental and vision expenses with pre-tax dollars without having to dip into their HSA.

     Download fact sheet

    Learn more about FSAs

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  • Reduce qualified commuting expenses

    Commuter benefits help employees pay for qualified commuting expenses such as public transportation, parking and bicycle commuting expenses.

    Two benefit options

    Ordering model:

    With the ordering model, employers provide an eligibility list to their employees of products and services they can order the month before they need them. Participating employees can place orders on the Optum Financial website. 

    Election model:

    With the election model, employees make a monthly payroll deduction election that contributes to a separate account. The account is used to purchase transportation products and services up to the amount of the account’s balance.

    Learn more about commuter benefits

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  • Create a seamless transition for your beneficiaries

    Optum combines in-depth knowledge of federal and state continuation laws with unique administration capabilities to create a premier COBRA solution.

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Latest thinking from Optum Financial

Optum Financial is dedicated to helping consumers understand the financial side of health care and what they can do to take a proactive approach.

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Research and insights

5 Stages of Health Saving and Spending

Discover how Optum Financial has advanced its predictive engagement model to provide the right message at the right time for health savings account optimization.

Learn more

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Research and insights

The marriage of health and money

Learn how to end consumer confusion about health savings and spending by modernizing health savings accounts with digital technology and analytics.

Learn more

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Research and insights

Is financially preparing for a chronic condition possible?

Learn about the emotional impact of chronic care and how deeply intertwined health and finances are. This paper also includes ideas for how to financially weather a chronic condition.

Learn more

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Additional resources

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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. The Schwab Health Savings Brokerage Account is offered to certain account holders through Charles Schwab & Co., Inc., Member FINRA/SIPC. For details and disclosures, visit schwab.com. Brokerage services are offered to certain accountholders through TD Ameritrade, Inc., Member FDIC/SIPC and a subsidiary of The Charles Schwab Corporation. For details and disclosures, visit tdameritrade.com.

Orders are accepted to effect transactions in securities only as an accommodation to HSA owners. Optum Financial and its subsidiaries are not broker-dealer or registered investment advisors and do not provide investment advice or research concerning securities, make recommendations concerning securities, or otherwise solicit securities transactions.

Health savings accounts (HSAs) are individual accounts offered through Optum Bank®, Member FDIC, or ConnectYourCare, LLC, an IRS-Designated Non-Bank Custodian of HSAs, each a subsidiary of Optum Financial, Inc. Neither Optum Financial, Inc. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. 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 (FSAs), dependent care assistance programs (DCAPs), health reimbursement arrangements (HRAs), Commuter and Parking Benefits, Tuition Assistance Plans, Adoption Assistance Plans, Surrogacy Assistance Plans, Wellness Benefits, and Lifestyle Accounts (collectively, “Employer-Sponsored Plans”) 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. Employer-Sponsored Plans are not individually owned and amounts available under the Employer-Sponsored Plan are not FDIC insured. This communication is not intended as legal or tax advice. Federal and state laws and regulations are subject to change. 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.

Google Play and the Google Play logo are trademarks of Google LLC. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.

The promotional code OPTFSA7, OPTHSA5 and OPTHRA7 cannot be applied to previously placed orders, and cannot be combined with other promotional codes. Additionally, the code cannot be used for prescription drugs or virtual care visits. 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.

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.

Your employer sponsored plan may exclude reimbursement for certain categories of items. Check your plan document and summary plan description or contact your benefits department for specific coverage details. 

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