Ways to make a deposit

Contributing to your health savings account (HSA) is easy. Choose the deposit option that's the most convenient for you.

Deposit options

Payroll deductions

One of the easiest ways to grow your HSA is by having your contributions deducted from your paycheck. If your employer offers this option, you can have a set amount deposited (pre-tax) to your HSA from every paycheck.

How to get started?
Talk to your employer for details.

Online deposits

Log in to your account to make a one-time or recurring contribution to your HSA from a checking or savings account.

How to get started?
 Log in now

 

Deposit Timing

The timing of payroll contributions is unique to employers and their payroll calendar. Review the open enrollment material from your employer for your company’s specific deposit schedule. Generally, funds are available in your account within 1 business day of your employer’s deposit. Your most up to date balance can be found by logging into your account at optumbank.com.

Special contributions

Build your HSA balance by transferring or rolling over funds from an IRA or another HSA.*

Request an IRA distribution

You can make a one-time contribution from a traditional IRA or Roth IRA into your HSA. Contact your IRA administrator to request a distribution. Keep in mind that the amount of the contribution cannot be more than you are eligible to contribute to your HSA for the tax year. If your employer contributes to your HSA, make sure to take that into account.

Transfer funds from another HSA

If you have an HSA from another bank that you want to close, you can transfer the funds to your Optum Bank HSA. To do so, download, fill out and send the HSA Rollover/Transfer Request Form to the previous administrator. This and other account forms are available after you log in to your account.
 Log in now

Roll over funds from another HSA

If you want to move funds from an existing HSA to your Optum Bank HSA, you can request a distribution from your current administrator and send us a check with the HSA Rollover/Transfer Request Form. This and other account forms are available after you log in to your account.
 Log in now  


* Distributions, rollovers and transfers are subject to IRS restrictions. Please contact your tax advisor for information.

Catch-up contributions for 55+

If you or your spouse are 55 or over, you can make “catch-up” contributions.
 Learn more about "catch-up" contributions


MAKE DEPOSITS ONLINE

If you're an Optum Bank HSA account holder, you can set up deposits, view monthly statements, make payments, and otherwise manage your account online.
 Log in to make a deposit


HOW MUCH CAN I DEPOSIT INTO MY HSA?

The IRS sets guidelines for how much individuals and families can contribute to an HSA each year.
 View contribution limits