Save for retirement with an HSA
Discover the tax benefits of an Optum Bank health savings account (HSA). Then combine it with a Schwab self-directed brokerage account.*
You will likely need multiple accounts to fund your retirement
It’s important to be able to save and pay for health care now and into retirement. Once HSA account holders reach an investment threshold (typically $2,000), they can choose to invest a portion of their HSA funds.
Optum Bank wants to help make investing easy and more accessible by offering a health savings brokerage account (HSBA) option with one of the leaders in self-directed brokerage, Charles Schwab.
Adding an HSBA to your fund lineup gives you the advantages of working with a company driven to meet the needs of today’s investors through constant innovation, choice with value and dedicated service and support.
For the savvy investor
An HSBA within the HSA can satisfy the more sophisticated investors who want more investment opportunity.
About Optum Bank
Click on the link below for additional resources and tools, but be sure to come back to this page to enroll.
For the Schwab advisor
Once funds are available, complete Schwab's Limited Power of Attorney form. Then help your clients manage their portfolio through the Schwab Advisor Center.
Here's how it works:
Step by step outline of how to open, fund and invest with your account.
Self-directed brokerage account
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.
Do you already have a health savings account?
- Dollars from an existing HSA can be rolled over.
- If you have an Optum Bank HSA, you cannot open a new one.
- If it's not offered, ask your employer to add the Schwab HSBA to your benefits.
*Account must be opened by the account holder.