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We are now Optum Financial


We are excited to share that we have changed our name to Optum Financial, which includes Optum Bank. Our new name reflects where our business is today and going in the future – providing innovative solutions to help you connect your health and finances in new ways.


What does this mean for you?

  • The solutions and value we offer remain the same. There will be no disruption to your health accounts or the services you receive today.
  • Throughout 2021, you will notice that the communications and materials you receive as an account holder will reflect the new name and logo.
  • Because Optum Bank is a part of Optum Financial, you will continue to see the Optum Bank name on materials, as applicable. Optum Bank, Member FDIC, remains the custodian/administrator of our health savings accounts (HSA) and Medicare Advantage Medical Savings Accounts (MSA). 
  • Optum Financial will be the administrator for all other health accounts, including flexible spending accounts (FSA) and health reimbursement accounts/arrangements (HRA).

About Optum Financial

At Optum Financial we’re entirely dedicated to improving people’s well-being and are passionate about the relationship between health and finances.

We are the leader in health accounts and payment solutions and leverage our digital platforms, advanced analytics, and proprietary technology to help people and organizations better manage health care expenses. 

Because when we understand the relationship between finance and health, we can all reach our full potential.

Optum Financial is advancing the way we save and pay for care, connecting the worlds of health and finance in unprecedented ways. Optum Bank is the #1 provider of health savings accounts*, managing over 5.6 million member accounts and $12 billion in assets.

At Optum Financial, we’re modernizing how to save and pay for health care. With the power of Optum behind us, we design solutions to strengthen this connection for employers, health organizations and the people they serve in a way others cannot. 

  • Health accounts: We are the #1 health savings account (HSA) provider in the country, providing millions of people with the ability to save and plan for health expenses. 
  • Payment Solutions: Our Payment Solutions make the process of paying for care easy, affordable and seamless, so people and organizations can dedicate more resources to things that matter. 
  • Expertise: We are experienced health and finance professionals and a leader in the use of digital platforms, advanced analytics and technology. We create efficiencies and encourage people to actively participate in their health. 

An understanding of health is incomplete without an understanding of the financial implications that go along with it. By advancing how we pay for care, we can pave the way to health care that’s more affordable, accessible and transparent for everyone.


*2019 Year-end Devenir HSA Research Report, March 2020.

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Health savings and spending accounts

Optum Bank brings financial services expertise to the health care system, offering a variety of setup options, streamlined implementation and administration across carriers, and analytics to drive engagement and healthy populations. Optum Bank offers HSAs, FSAs and HRAs. As the market leader in health savings accounts in the United States, Optum Bank can help account holders maximize their health care dollars.

With rising health care costs, people are looking for ways to save money while ensuring quality care. If you’re studying up on your health care options, you’ll find there are a lot of choices — and a lot of acronyms, too. For example, you’ve probably come across all of the following acronyms in benefits information: CDH, CDHP, HDHP, HSA, FSA, HRA.

What’s a consumer-driven health plan (CDHP)?

A consumer-driven health plan (CDHP) is a medical plan that typically has a higher deductible and lower monthly premiums. “Consumer-driven” means you manage more of your health care dollars.

A CDHP may be offered with a health savings account (HSA), flexible spending arrangement (FSA) or health reimbursement arrangement (HRA). With these accounts qualified medical expenses may be reimbursed on a tax-free or tax-deductible basis.

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About FDIC membership

Optum Bank is a member of the Federal Deposit Insurance Corporation (FDIC) in order to keep the funds in your HSA deposit account safe. That means the FDIC will cover the funds in your deposit account up to $250,000 in the unlikely event Optum Bank goes out of business. 

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Optum Bank started operating on July 21, 2003, in Salt Lake City, Utah, as a Utah state-chartered industrial loan corporation. Originally named Exante Bank, it changed its name to OptumHealth Bank in 2008 and to Optum Bank in 2012.

Optum Bank is part of the Optum Financial and is a unit of Optum, a health and wellness company serving more than 115 million people. Optum is part of the UnitedHealth Group (NYSE:UNH) family of companies.

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Community reinvestment

Optum Bank employees contribute hundreds of community service hours annually. They teach financial literacy to low- and moderate-income students, serve on boards of non-profit agencies, and enthusiastically support various health care causes.

In addition, Optum Bank has invested more than $46 million in support of low- and moderate-income housing development and other community needs.

The bank meets or exceeds all of its requirements under the federal Community Reinvestment Act.