1. HSA Refresher for Renewing Members
Insert name of audience
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[Presenter’s Note: Please review this document and update particular sections. In addition, you may find it’s easier to read the notes if you go to File/Send To/Microsoft Word, and choose “Notes on the bottom.”
Welcome.
Thank you for taking time out of your day to review how you can use your health savings account or HSA to help pay for your current health care expenses and save for future health care expenses while saving on taxes.
My name is [XXXXXXXXXXX] and I represent Optum Financial Services. We are a financial services company dedicated exclusively to health care. We’re part of Optum, one of the nation’s largest health and wellness companies that serves 60 million individuals. Optum Financial Services also administers flexible spending accounts, or FSAs, health reimbursement accounts, transportation accounts and COBRA services. Our subsidiary, Optum Bank, offers the Health Savings Accounts.
Your employer has engaged Optum Financial Services to provide your Health Savings Account benefit. I’m delighted to be here.

2. Presenter Instructions
There are a number of items in this presentation that need to be customized for your audience.
Slide 7: Update if the employer does not support payroll deduction
Slide 8: Update if the employer does not support payroll deduction
Slide 18: Remove payroll deduction if not supported by the employer
Slides 24 and 25: Remove whichever enrollment method is not appropriate
As always, remove slides as needed based on level of customer knowledge and time available.
In addition, when printing the notes, you can see the script more easily if you select File/Send to/Microsoft Word, and choose “Notes below the text”. That way, longer scripts will flow to the next page.

3. Agenda HSA trends Review of HSA basics How to get a second debit card
Making deposits to your account
Paying for qualified medical expenses
Managing your HSA online
Investing your HSA
Where to go for help
During the next 30 minutes, we will discuss some recent HSA trends and review basic information about your HSA. We’ll move on to an overview of qualified medical expenses, review how you can make deposits, rollover funds to your account and use your HSA to pay for qualified medical expenses. Then we’ll talk about managing your account online, look at ways you can help your HSA balance grow through investments and examine other ways to use your HSA. We’ll conclude by reviewing some resources that you can check out for further information.
Feel free to stop me at any time to ask a question or clarify your understanding of how your HSA works.
Now, let’s get started!
Investments are not FDIC insured, are not guaranteed by Optum Bank®, and may lose value.

4. Optum Bank® Member FDIC
Established in 2003
Subsidiary of Optum –
owned by UnitedHealth Group
Deposits are insured by the FDIC up to $250,000
Focuses solely on health care banking
We have more than $7 billion in assets
One of the nation’s leading providers of health savings accounts
We administer over 3 million individual health savings accounts
Serves thousands of employers, families and individuals
Optum Bank, Member FDIC, is a subsidiary of Optum. Optum is owned by UnitedHealth Group, a Fortune 15 company. Deposits at Optum Bank are insured by the FDIC up to $250,000.
Optum Bank differs from other banks in that we focus exclusively on health care banking. We currently administer over 3 million individual HSAs.
Optum Bank was formed in 2003 to offer HSAs and this remains our primary focus. Today, Optum Bank is one of the nation’s leading providers of health savings accounts and has more than $7 billion in assets.

5. HSA refresher
Health Savings Accounts (HSAs) are designed to help you save and pay for qualified medical expenses $
Deposit money into your HSA.
Save on taxes.
Use your HSA to pay for qualified medical expenses.
So, what exactly is a health savings account?
An HSA is a special type of bank account designed to help you save and pay for qualified medical expenses. In simple terms, it’s like an IRA for your health. But with an HSA, you don't have to wait for retirement to spend the money. You can use it this year, next year, or years from now.
An HSA works like this:
First you open an account and deposit money into it – tax-free. The funds in the HSA belong to you, and that’s true whether you have contributed money or your employer did. You own the account from the day you open it. There’s no “use it or lose it” rule like there is with flexible spending accounts or FSAs. The account is with you as long as you want it to be – even if you change jobs, lose your job, or choose a different health plan.
You save on taxes. The money you put into an HSA is tax-deductible. You don’t pay federal income tax on HSA contributions, or state taxes in most states. And, any money you take out to pay for qualified medical expenses is income tax-free, too. You can use your HSA to pay for qualified health care expenses for you and your family, now or in the future.
Additionally, your account can grow with tax-free interest earnings. When your account balance reaches a designated amount (typically $2,000) you may choose to invest a portion of your money in mutual funds. Be aware, though, that while deposits are insured by the FDIC up to $250,000, investments are not FDIC insured, are not guaranteed by Optum Bank, and may lose value.
Invest your savings in mutual funds.
Investments are not FDIC insured, are not guaranteed by Optum Bank®, and may lose value.

6. Contribution limits Amount of contribution
The IRS determines how much you can deposit into your HSA
each year.
Contribution rules
In 2018, you can contribute up to $3,450 for individual coverage and up to $6,850 for family coverage.
Additional contribution
Those 55 years of age or higher, but not yet enrolled in Medicare, can fund an additional $1,000/year “catch-up” contribution.
As I mentioned earlier, the IRS determines the maximum amount you can contribute to an HSA every year.
In 2018, you can contribute up to $3,450 if you sign up for the health care plan as an individual. If you sign up as a family or individual +1, the contribution limit goes up to $6,850. The IRS allows people nearing retirement age to make additional “catch-up” contributions to help build balances to be used to help pay for health care costs during retirement.
You can contribute an additional $1,000 a year if you are 55 years or older.
If both you and your spouse are 55 or older, you can both contribute an additional $1,000. Your spouse will need to open his/her own HSA to make his/her own HSA catch-up contribution.
You are not eligible to make “catch-up” contributions if you are receiving Medicare benefits.
You can learn more about contribution limits and making catch-up contributions by going to irs.gov.
Now let’s learn how an individual might use an HSA to pay for health care costs and save on taxes.

7. How an HSA helps you save
The money Steve puts into his HSA is income tax-deductible
Any money Steve withdraws from his HSA to pay for qualified medical expenses is withdrawn income tax-free
Steve may earn interest on his account, and it is not taxable
The amount not spent during this year carries over for use in future years
Let me introduce you to Steve. Steve is an illustrated example of an HSA Account holder.
Steve is married and has two children.
He has family coverage through an HSA qualifying high deductible health plan and opened an Optum Bank HSA.
His federal income tax bracket is 25% and his state income tax bracket is 5%.
Steve views his HSA as a “401(k) plan for health” because Steve or his employer can deposit money today that Steve can spend now or save for the future.
Let’s review the tax advantages Steve receives from his Optum Bank HSA:
The money Steve puts into his HSA is income tax-deductible. Any money Steve withdraws from his HSA to pay for qualified medical expenses is also tax-free. Steve earns interest on his account balance, and again, these interest earnings are not taxable. Finally, any amount that Steve does not spend during this year will carry over for use in future years.
So how much did Steve save by opening his HSA?

8. How much did Steve save? 1
In 2018, Steve will deposit $6,900 into his HSA, the maximum contribution for family coverage
Steve’s federal and state income tax and FICA savings for the year are $2,598* 2
Steve will withdraw $3,000 to pay for qualified medical expenses for himself and his family
Steve will not have to pay income taxes on the $3,000 as long as he uses it to pay for qualified expenses 3
Steve earns interest on his account
Steve does not have to pay income taxes on his interest
You might be surprised to learn that Steve will save $2,598 in taxes by contributing to an HSA! Here’s how Steve saved on income taxes and is building a long-term health care nest egg.
First, the money Steve put into his HSA is income tax-deductible. Steve deposits $6,900 into his Optum Bank HSA. This is the maximum contribution for family coverage allowed by the IRS in By making the maximum contribution, Steve saves $1,725 in federal income tax. He saves $345 in state income tax. And, because his employer offers payroll deduction, he saves an additional $528 on FICA taxes. As a result, Steve will save a total of $2,598 on his 2018 annual income taxes.
Steve continues to save on taxes when he withdraws funds from his HSA to pay for qualified expenses. For example, if Steve withdraws $3,000 to pay for health care expenses for himself and his family, he will not have to pay income taxes on that money as long as the funds are used to pay for qualified medical expenses.
Even though Steve earns interest on his account, this interest is not taxable.
Finally, any amount that Steve doesn’t spend during this year will carry over for him to use in the future. Steve will carry over approximately $3,900 HSA dollars into the next year.
Steve can use his HSA funds in many ways. Let’s look at a few of them. 4
Steve will carry over $3,900 HSA dollars (contributions – expenses + account earnings) into the next year
With a traditional plan, Steve wouldn’t have this carryover option, which helps him save for the future
* Assumes a 25% federal tax rate, 5% state tax rate and 7.65% FICA

9. Using your HSA funds Use your HSA funds now, or save for the future
Use the funds in your HSA
Build balances to cover your HDHP deductible
Save for the future and grow funds tax-free
Remember that you can use your HSA funds now or save them for the future.
You can use the funds in your HSA as soon as they are deposited.
An HSA is a special savings account that works the same way as a traditional savings account at a bank.
You can withdraw or use all or part of your account balance at any time for qualified medical expenses.
You can build up your balance to cover your HDHP deductible.
You do this through a one-time deposit or through regular recurring deposits, such as ongoing payroll deductions.
You can also build up your balance by setting aside the difference between what you would have paid for traditional premiums and your current HDHP premium.
Finally, you can use your HSA to build your health care savings for the future.
You do this by paying for your health care expenses out of pocket.
This way, you can delay making HSA withdrawals and your HSA balance will continue to grow tax-free.
There’s no time limit on reimbursements so be sure to save your receipts. This way you can be reimbursed at a later date for any expenses that you incur today.
Now let’s look at some of the ways you can maximize your HSA balance.

10. HSA qualified medical expenses
Medical plan deductibles and coinsurance
Medical, dental and vision care services & products
Use HSA dollars to pay for qualified medical expenses for your spouse or dependents
So, where can you use your HSA funds? You can use the money in your HSA to pay for “qualified medical expenses” identified by the IRS.
Qualified medical expenses include:
Medical plan deductibles and coinsurance.
Medical, dental and vision services and products, such as glasses.
Medical plan expenses, such as prescription drugs and doctor visits
You can use your HSA to pay for qualified expenses incurred by you, your spouse and your dependents even if they're not covered by your health care plan. Remember, any money you take out of your HSA for qualified medical expenses is income tax-free.
You can find a detailed list of qualified and non-qualified medical expenses by going to optumbank.com or irs.gov.
Generally, you cannot use HSA funds to pay for medical insurance premiums, but there are some exceptions. Let’s look at those.

11. Other HSA-qualified medical expenses
Health coverage while receiving unemployment benefits
COBRA continuation coverage
Qualified long-term care
While you normally cannot use your HSA funds to pay for your health care premiums, there are a few exceptions. For example, you can use the funds in your HSA to pay for any health plan coverage you pay for while you receive federal or state unemployment benefits. In addition, you can use your HSA to pay COBRA health insurance continuation coverage if you lose your job or to pay for COBRA health insurance coverage for a spouse or dependent. You can also use your HSA to purchase qualified long-term care insurance. Finally, Medicare premiums and out-of-pocket expenses including deductibles, co-pays, and co-insurance for Medicare Parts A, B and D also can be paid for out of your HSA, as long as you are 65 or older.
One critical change is that as of January 2011, HSAs can no longer be used to purchase most over-the-counter items without a prescription.
Medicare premiums and out-of-pocket expenses

12. Access your HSA funds Use your Optum Bank® debit MasterCard®
Sign up for automatic bill pay and online banking
Use HSA checks for this account
While most of our account holders feel that the debit card is the easiest way to pay for health care expenses, there are a number of other ways you can use the funds. First, you can access your account to pay bills by signing up for automatic bill pay and online banking. This allows you to pay your bills online. You can also store the names and addresses of providers to make future payments more efficient, or you can even automate regular payments, such as to an orthodontist.
Another way to access your HSA is to order and use checks for your account. You can use these checks to pay medical bills. You can order HSA checks online by logging into your account.
If you’re looking to save for retirement, a great method is to pay for the expenses out of pocket. If you need the funds in the future, you can reimburse yourself for these later in the year, two years later, or even in retirement. Simply pay the bill with your regular credit card or check. When you need to be reimbursed, simply go online to use the reimbursement feature. Be sure to keep your receipts in case you are audited and the IRS requests documentation.
Pay for an expense with personal funds and reimburse yourself from your HSA

13. Using a debit card to access your HSA
Providers’ office
Pharmacy
Mail order pharmacy
As you’ve probably discovered, the easiest way to access your account is by using the Optum debit Mastercard® card attached to your HSA. This debit card can be used almost anywhere that accepts MasterCard. You can use your HSA debit card at most health care providers, including physicians and dentists, chiropractors and orthodontists. You also can use it at retail and mail order pharmacies. Additionally, you can write your debit card number directly on a health care invoice.
You automatically received one debit card when you opened the account. You can order additional cards if necessary.
Let’s quickly review the process for ordering additional cards.

14. How do I get a second debit card?
Order online
Log in to your account at optumbank.com
Under the Self Service section, click on “Order debit cards”
Add a new cardholder - your new card will arrive within 2 weeks
You may need a second debit card for a spouse, or possibly for a child at college. It is easy to order a second debit card online. Simply:
Log in to your account at optumbank.com
Under the Self Service section, click on “Order debit cards”
Your second card should arrive at your home within two weeks.

15. Paying for non-qualified expenses
Any HSA funds used for purposes other than to pay for qualified medical expenses are:
Taxable as income
Subject to a 20% tax penalty*
There are a few things you need to remember if you use your HSA to pay for non-qualified expenses. Examples of non-qualified expenses include:
Medical expenses that are not considered “qualified” under federal law, like cosmetic surgery or health club dues.
Medicare supplement premiums and
Expenses that are not medical or health-related.
If you use your HSA to pay for a non-qualified expense, the amount of the purchase becomes taxable as income. You will also have to pay a 20% tax penalty on that amount.
The 20% tax penalty does not apply if the account holder is age 65 and older, if the account holder becomes disabled or if the account holder enrolls in Medicare. However, the amount of the non-qualified expense that was paid for with HSA funds will be taxed as income.
As you can imagine, it’s very important to save your receipts for any expense that you pay for with HSA funds so that you can verify that a withdrawal was made for a qualified expense in the event that the IRS requests documentation.
* The 20% tax penalty does not apply to account holders age 65 and older, those who become disabled or enroll in Medicare

16. Save your receipts!
Save your receipts for all qualified medical expenses
Track bill pays, reimbursements and out-of-pocket expenses via expense journal
Optum Bank® does not track your expenses or verify eligibility
Here are a few tips that can help save you a lot of time and headaches later on! Always save your receipts for all qualified medical expenses, note whether the qualified expense was paid for out of your HSA, then retain the receipt for future reference. You can use a file folder, a shoebox, or save them online. Whatever method works for you. It is easy to to upload images of receipts online at optumbank.com and then store them within your HSA. You can easily organize and manage your receipts from your smart phone, tablet or desktop.
Remember, Optum Bank does not track or verify your spending. That is your responsibility. You do not need to provide receipts in order to reimburse yourself from the account, however you should always save your receipts for future reference in the case of an IRS audit.

17. How to make deposits into your HSA
Payroll deduction
Contribute through payroll deduction and save on FICA taxes
Contribute online
Arrange a one time or recurring electronic transfer from an account at another financial institution
Mail a check
Deposit additional dollars into your account by mailing in a check
You can make deposits to your HSA at any time during the year. There are several contribution methods you may want to consider.
First, if your employer offers payroll deduction contribution, you can chose to deduct a set amount from each paycheck to help build your balance automatically. Payroll deduction also offers increased tax savings of 7.65% from FICA taxes.
Second, you are free to add more to your HSA using after-tax income. You can set up a one time or recurring deposit to your account online. Or, you can always mail in a check. Any after-tax deposits will be listed on your tax return as a below the line tax deduction.
You will also want to keep in mind that you can make a contribution for the preceding tax year until the tax filing deadline, typically April 15, to reap the tax benefits for the prior year. This is another way in which an HSA is similar to an IRA.
You can make HSA deposits until April 15th in order to realize tax savings for the prior year

18. Rollovers from an IRA, MSA or HSA
One-time distribution from your traditional or Roth IRA
Roll over amount from Archer Medical Savings Accounts (MSAs) and other HSAs
Transfer funds directly into another HSA
Direct your IRA trustee to make the distribution into your HSA
Cannot exceed your contribution eligibility
Cannot include as income and is not tax deductible
Must roll over the amount within 60 days after the date of receipt
Can make only one rollover contribution in a one-year period
Direct an HSA administrator to transfer funds into another HSA
Cannot include the amount as a deduction or distribution
You also have the option to roll over funds from other accounts into your HSA. There are three options for rollovers.
IRA
You can take a one-time distribution from your IRA or Roth IRA and roll the funds into your HSA. To do this, you must direct your IRA trustee to make distributions directly into your HSA. However, the distribution amount cannot exceed the total amount you are eligible to contribute to your HSA for that tax year. Start by downloading the “IRA Rollover/Transfer Request Form” found on our web site, optumbank.com. Fill it out and send the form to your IRA provider. This contribution will count toward your annual maximum. It’s important to note that IRA distributions are not included in your income, are not tax deductible and will reduce the total amount that can be contributed to your HSA.
MSA
You also can rollover funds in an Archer Medical Savings Account. These are sometimes referred to as MSAs. Cash distributions from an MSA must be rolled over to your HSA within 60 days. You are allowed to make only one MSA rollover contribution to an HSA during a one-year period. Annual HSA contribution limits do not apply to MSA rollovers.
HSA
Finally, you can transfer funds from other HSAs so that you only have to manage one HSA. Technically, this is not considered a rollover and there is no limit on the number of HSA-to-HSA transfers you can request. Simply direct another HSA administrator to transfer the funds in your account directly into your Optum Bank HSA. If you make an HSA-to-HSA transfer, remember that the transferred amount is not considered income for tax purposes. You should not deduct this amount as a contribution and you should not include it as a distribution.
To rollover funds from an existing HSA or MSA, download and complete the “Rollover/Transfer Request Form” that you’ll find on our web site, optumbank.com. If you have a check from your previous administrator, send it along with the completed form. If you do not have a check, you can authorize Optum to transfer the funds to your Optum Bank HSA. Then close the previous account.
As we’ve discussed, there are several ways to build your HSA balance. You’ll find there are even more ways to use your funds.

19. Molly goes to the doctor with her HSA
How Molly uses her HSA
Molly goes to the doctor with her HSA
Molly presents her health plan member ID card at the doctor’s office
After her visit to the doctor, Molly submits a claim to her health care plan
Her doctor submits a claim to her health care plan
Molly fills her prescription and pays for it with her Optum Bank debit Mastercard®
Meet Molly, another example of a typical HSA account owner. She’s been feeling ill and visits her primary care doctor. Molly presents her health insurance member ID card at the doctor’s office to make sure that she receives the network discount negotiated by her health plan. The doctor prescribes a lower cost generic medication to help Molly save money. Because Molly has no co-pay, she pays nothing at the time of service. The doctor’s office submits a claim to Molly’s health insurance company.
Because Molly’s out of-pocket medical expenses haven’t reached her deductible yet, her health care plan notifies the doctor that Molly is responsible for paying for her visit. The doctor sends Molly a bill directly and charges the rate that he negotiated with her health care plan.
Molly goes to the pharmacy to fill her prescription. Molly shows the member ID card for her high deductible health plan to make sure the claim will count toward her deductible and that she can receive any available discounts on her medication. Molly then pays for the prescription in full, using her Optum Bank debit Mastercard®.
When Molly receives her doctor’s bill, she checks her statement to make sure the amount billed matches what her health care provider says she owes. She pays the bill by writing the number of her Optum Bank debit Mastercard® on the doctor’s invoice then mailing it.
Finally, Molly keeps her receipts for these HSA-qualified expenses so she can calculate her tax-free health spending on her tax return. She also keeps the receipts in the event of an IRS audit.
Molly can go online to check her balance and make sure that the payment was received. Let’s see how she can manage her account with Optum Bank’s easy-to-use web site.
Molly receives and pays her doctor’s bill with her Optum Bank debit Mastercard®
Molly retains her receipts

20. Managing your HSA online
See all your current balances at once in dashboard view
Reimburse yourself
Pay medical bills
Track bill pays, reimbursements and out-of-pocket expenses via expense journal
View, pay and store claims
Manage your contributions
Get answers to frequently asked questions
Connect with customer support
Find forms and investment tools
Optum Bank has created an easy-to-use web site for health savings account holders. You’ll find resources to help you learn about HSAs, as well as access HSA calculators to help you determine your annual contribution and potential tax savings.
There are many things that you can do from our website. You can make a contribution to your HSA at any time by arranging a one time or recurring deposit from another banking account.
If your provider does not accept Mastercard, you can pay health care providers through our online bill pay feature. Or, if you have paid for a qualified medical expense out-of-pocket, it is easy to reimburse yourself online. And it is easy to upload receipts to your HSA and keep track of them online.
You will also have access to our contribution tracker, which shows you how much you have contributed to your HSA year to date and shows you how much you are eligible to contribute based on your plan type (individual or family).
Another great feature of the Optum Bank HSA is the ability to invest a portion of your HSA dollars into mutual funds, once your account reaches a designated threshold (typically $2,000). Keep in mind, though, that while deposits are insured by the FDIC up to $250,000, investments are not FDIC insured, are not guaranteed by Optum Bank, and may lose value.
However you choose to manage your account, it is easy to do online from your smart phone, tablet or desktop.
Investments are not FDIC-insured, are not guaranteed by Optum Bank®, and may lose value.

21. Managing your HSA – Mobile App
Download the Optum Bank app
Available for Apple and Android devices
Log in using secure Touch ID or your password
See a quick account snapshot
Track your balance, receipt transactions and contribution limits
Capture and submit receipts, and add receipts to specific expenses
Pay bills, track payments or reimburse yourself
Search for qualified medical expenses
Learn how to maximize your account by viewing your progress along five keys stages of savings
Want another easy way to manage your account? Download the Optum Bank app. It’s designed to simplify access to your HSA and offers easy-to-use, intuitive tools. Want to quickly see how much money you have in your account? Use the app to see an account snapshot. Or, do you want to track where your funds are being spent? Use the app to see a detailed account history. Plus, you can log in using secure Touch ID with fingerprint recognition or you can log in using your website credentials. Make sure to contact Optum Bank if you have any questions about downloading or using the app.

22. Logging In
To start managing your account online, go to optumbank.com and click on the Log in button.

23. HSA Dashboard Current and available balances
Recent or scheduled transactions
Investment portfolio
Statements and tax documents
On the HSA dashboard page you can find detailed information on your account, such as your current and available balances, recent or scheduled transactions, details on your investment portfolio, if you have one, and easy access to statements and tax documents.
You will also find the contribution tracker, which shows how much you have contributed to your HSA year-to-date, and calculates how much more could be contributed according to your plan coverage (individual or family).
Investments are not FDIC insured, are not guaranteed by Optum Bank®, and may lose value.

24. Expense Journal
The Make a Payment feature, which can be found across the top or right-hand navigation, allows you to pay for a qualified medical expense.
You can elect to have a check sent directly to your provider for any amount up to the available funds in the account. The names and address of the recipients are stored in the bill pay system, so there’s no need to re-enter this information a second time. Be sure to include the Provider Account Number in the appropriate field so it can be matched up with your account.
You also have the option to create recurring payments for regular bills. A check will be mailed to your provider and should arrive within 7 to 10 business days after the Payment Date. The check will be from Optum Bank, but your name and Payee Account Number will be noted in the Memo Field.

25. Upload receipts online
Remember to always keep your receipts! It is easy to upload receipts online at optumbank.com. You can organize them into folders and store them within your HSA to help you stay organized. You can easily organize and manage your receipts from your smart phone, tablet or desktop. This makes it easy to maintain your records in the event of an IRS audit.

26. How do I reimburse myself?
There may be times when you pay for a qualified medical expense out-of-pocket and want to be reimbursed. For example, you may have paid for a prescription at the pharmacy from your regular checking account because you didn’t have your HSA debit card with you.
It’s easy to reimburse yourself online using the Reimburse Myself feature. You can have the money transferred into a personal checking or savings account, or you can choose to be reimbursed by check. Be sure to keep the receipt to prove the reimbursement was for a qualifying medical expense in case of an IRS audit.
There may be times that you encounter a medical expense but haven’t built up a balance that covers the expense. Let’s look at how you can still use your account to help pay for this expense.

27. Paying for major medical expenses
If you encounter a major medical expense that costs more than the amount of money available in your HSA, you can:
Negotiate a payment schedule with your provider
Pay with a credit card or other form of payment
If you encounter a major medical expense that costs more that the amount of money you have available in your HSA, you can still use your HSA to help pay for it and realize the tax benefits.
One option is to negotiate a payment schedule with your provider and arrange to pay a portion of the expense now and pay more later as your HSA balance increases.
Another option would be to pay for the qualified medical expense with a credit card or other form of payment. Then, you can reimburse yourself when your HSA balance has grown sufficiently. While you may incur some interest expenses on your credit card, you’ll essentially receive a substantial discount as a result of tax savings if you use your HSA. Tax savings can be 25% or higher through the HSA, which should greatly offset any interest you paid on the bill.

28. Invest for the future, tax-free
No taxes on investment earnings No taxes on withdrawals for qualified medical expenses
Another great feature of your HSA is that you can invest a portion of your balance in mutual funds as long as you meet the eligibility requirements.
Once your HSA reaches a certain designated balance, typically $2,100, you may invest a portion of your HSA dollars in mutual funds. So, instead of just contributing tax-free dollars to your HSA, you can potentially grow those dollars tax-free, too.
You’ll pay no taxes on any investment earnings. And, you’ll pay no taxes on withdrawals for qualified medical expenses. That makes HSA investing one of the smartest investment opportunities around.
BUT, before you consider investing, it’s important to keep in mind that unlike your health savings account, investment accounts are NOT FDIC insured, are not guaranteed by Optum Bank® , and may lose value.
It’s also important to understand that funds in the investment account are not immediately available to pay your qualified medical expenses. However, you can always sell the investments and transfer the money back to your regular HSA if needed. Funds can be invested in $100 increments and transaction information can be viewed online.
Investments are not FDIC-insured, are not guaranteed by Optum Bank®, and may lose value.

29. My Investments tab
My Investments tab on the optumbank.com toolbar: How much you have in your HSA How much is available to invest
You can view your investment eligibility status by logging into your Optum Bank HSA and clicking the My Investments tab. You’ll see your current account balance and how much is available to invest.

30. What if you have more questions?
Call Optum Bank customer service (866)
Visit optumbank.com
Talk to your employer
If you have questions about your HSA, you can call the toll-free customer service number listed on the back of your debit card. You can also visit optumbank.com. The web site contains lots of easy-to-use information, frequently-asked questions and tools to help you better understand your HSA. Or, you can talk to your employer.

31. All Optum trademarks and logos are owned by Optum, Inc
All Optum trademarks and logos are owned by Optum, Inc. All other brand or product names are trademarks or registered marks of their respective owners. Because we are continuously improving our products and services, Optum reserves the right to change specifications without prior notice. Optum is an equal opportunity employer
Health savings accounts (HSAs) are individual accounts offered or administered by Optum Bank®, and are subject to eligibility and restrictions, including but not limited to restrictions on distributions for qualified medical expenses set forth in section 213(d) of the Internal Revenue Code. Fees may reduce earnings on account. State taxes may apply. This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment and restrictions. Federal and state laws and regulations are subject to change. Optum Bank is not a broker-dealer or registered investment advisor, and does not provide investment advice or research concerning securities, make recommendations concerning securities, or otherwise solicit securities transactions. Orders are accepted to effect transactions in securities only as an accommodation to HSA owner.