What is an HSA?
An HSA is designed to work with a qualifying high-deductible health plan (HDHP). The money goes in tax-free, grows income tax-free and comes out income tax-free when you use it for qualified medical expenses.
You can carry over unused funds from year to year and the account is yours to keep even if you change jobs, change health plans or retire.
Learn more about an HSA
Life has its surprises but with an Optum Bank HSA, paying for qualified medical expenses won't be one of them. Learn more about the benefits of an HSA.
Save money and save on taxes
Keep Uncle Sam out of your pocketbook. The money you contribute to your HSA goes in, grows and comes out income-tax free when used for qualified medical expenses. You know you're going to need it — so why not save on taxes, too?
There is no "use it or lose it" rule
You get to keep the money in your HSA, no matter what, even if you change jobs or move off a qualifying high-deductible health plan. When you, your employer or anyone else makes a contribution to your HSA, it stays there so you can use it when you need it.
It's a family affair
You can use your HSA to pay for the qualified medical expenses of anyone you claim on your taxes, even if you're only enrolled with single coverage. This is a great way to plan for unexpected medical expenses, from your deductible to an ER visit, for the whole family.
Invest your HSA dollars
In addition to contributing to your 401(k) you can also invest your HSA dollars to help grow your balance. Unlike a 401(k) when you use HSA funds for qualified medical expenses — it’s always 100% income tax-free. Learn more about our investment options.
Start planning for retirement
An HSA is a great tool to help you prepare for future health care costs and retirement. After turning 65 you can use your HSA funds for non-qualified expenses, like a boat or an exotic vacation. You’ll pay ordinary income tax on those funds, but the 20% tax penalty no longer applies. As you're planning for the future, your HSA can ease your mind and prepare you for retirement by saving money income tax-free.
Additional Resources
Getting started with your HSA
HSA contribution limits
Max out your HSA this year with contribution limits set by the IRS.
New account holder checklist
Learn more about how to put your HSA to work for you.
How to use your HSA
How to make an HSA contribution online
Learn how to make an online after-tax deposit into your HSA.
Paying with an HSA
You have several ways to pay for qualified medical expenses using your HSA.
Managing an HSA
Take charge of paying for qualified medical expenses.
Interest rates and fees
Learn more about fees and interest rates for your HSA.
HSA tax center
Prepare for tax season and get answers to your questions about your taxes.
Investing your HSA
Options to invest your HSA funds
Want to build up your balance? You can choose to invest your HSA dollars.
HSA mutual fund lineup
View the standard investment options available.
HSAs: Planning for retirement
Your HSA can be used as part of your broader financial planning.
*Your FSA plan may exclude reimbursement for certain categories of items. Check your plan for specific coverage details.
The promotional codes OPTFSA7 and OPTHSA5 offered by the Optum Store is intended for the sole use by Optum Bank flexible spending arrangement (FSA) and health saving account (HSA) members when making a purchase with their FSA or HSA. Promotional codes cannot be applied to previously placed orders and cannot be combined with other promotional codes. 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. Failure to adhere to these terms of use may result in the transaction being voided.
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The Optum Store is an affiliate of the UnitedHealth Group family of companies.