Health Saving Accounts (HSAs) A health savings account (HSA) is a bank account you can use to plan, save and pay for qualified medical expenses if you have a high-deductible health plan. Learn the basics of HSAs and find out if you're eligible An IRA for Your Family's Health Think of an HSA like an IRA (individual retirement account) that's dedicated to medical expenses. Unlike an IRA, though, you decide when to use the money you save. So, you can plan for current or future medical expenses for you, your spouse and your dependents. Optum Bank HSA Many financial institutions offer HSAs. Optum Bank is one that's focused on financial solutions for health care. We know the ins and outs of how HSAs and high-deductible health plans work together. And we know how to help you get the most out of your HSA. A few months after your account is set up, we’ll ask if you would like to choose from among three account options to get an HSA that's best for you: Health eAccess HSA—If you plan to use your account often for current medical expenses, this may be the best choice for you. It has the lowest fee for carrying a smaller balance. Health eSaver HSA—If you will be spending some now and would like to invest for future medical expenses, this account is a good option. It has competitive interest rates, moderate fees, and an option to invest for no additional fee.* Health eInvestor HSA—If your expenses are minimal now, but you want to grow your HSA for future medical expenses, this account lets you start investing with a balance as low as $500.* Learn more about Optum Bank HSA Options Note: If you opened your HSA through your employer, your options may be different than those listed above.