Optum Bank is an industry leader in providing Health Savings Accounts (HSAs).

An HSA allows you to save money with significant tax advantages: your contributions, earnings and withdrawals are tax free, as long as you use the funds for qualified health-related expenses.

You are eligible for an HSA if you are covered by a qualified high deductible health plan. Take advantage of the account: improve your personal wellbeing by getting the care you need, and improve your financial wellbeing by using tax-free dollars to pay eligible expenses.

Any remaining balance automatically rolls over year after year.

HSA funds can be used to cover eligible expenses for the account holder (you), your spouse and any tax dependent children, even if they are covered under a different health plan.

You must be participating in a qualified high deductible plan and cannot be covered by any other health plan that is not a qualified high deductible plan. You also cannot be currently enrolled in Medicare or TRICARE, and cannot be claimed as a dependent on another individual’s taxes.

Yes. Once your account balances reaches the investment threshold ($2,000), funds over that amount can be invested.

Contribution limits are determined by the IRS. For 2025 the individual maximum is $4,300 and for family coverage it will be $8,550. (Individual meaning you cover only yourself on the medical plan; you can contribute the family amount if you enroll other eligible dependents on your medical plan.) Individuals over age 55 are able to contribute an additional $1,000 per year.

If you have an existing Health Savings Account from a previous employer, you can move any remaining funds to your HSA with Optum Bank. Consolidating your accounts may help eliminate administrative fees imposed by your previous bank. Click Here for the rollover form.

Resources

HSA Qualified Medical Expenses
Is the HDHP w/ HSA right for me?
HSA and Medicare
Managing Your HSA – Helpful Online Tools
Investing Opportunities for your HSA
Optum Mobile App
HSA FAQs
OE Presentation

Contact Optum Bank

optumbank.com
customercare@optum.com
800-791-9361

What is an HSA? Video

Ready to enroll?

Talk to ALEX to see which plan is best for you and visit Workday to learn more and enroll in your benefits.
Talk to ALEX
Visit Workday