Flexible plans designed by organizations for their needs
Our HRAs are designed by employers to complement their health plan offerings. Your employees can count on direct and easy access to funds (from you, the employer) for all eligible medical expenses.
Key employee benefits
At Optum Financial, we deliver benefits that matter.
Customized contribution amounts
Set contribution levels that fit your budget and strategy — while benefiting from tax savings on employer-funded amounts.
Defined eligible expenses
You can choose to allow the funds to be used for all qualified medical expenses approved by the IRS or a subset of eligible qualified expenses.
Detail reimbursement options
The employer can automate reimbursements and allow year-to-year rollover of unused funds.
Employee health incentives
Engage your employees through an incentive program where financial rewards to the HRA are tied to the employee’s healthy actions.
No employee contributions required
Our HRAs are fully employer-funded.
Notional account structure
Employer sponsored health benefits funds are not individually owned, thus reducing your risk and financial exposure.
Mobile-first experience
Employees can access their HRAs on a mobile platform that supports the expectations of today’s workforce.
Smart claims matching
Our HRAs offer employers to match claims, thus minimizing employee effort.
The Optum Financial payment card
Give employees a simple way to pay for eligible health expenses. The card helps reduce out-of-pocket costs and makes transactions easy, with real-time balance updates and mobile app access. Employees should save receipts in case transactions need validation under IRS guidelines.
The Optum Financial mobile app
Employees can experience the convenience of on-the-go banking with our mobile app. Upload claims, document expenses and more.
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Complementary solutions
Solution suite
Health Savings Accounts for Employers
Give your employees the tools to take control of their care and save their valuable time with an Optum Financial Health Savings Account (HSA).
Solution suite
Flexible Spending Accounts for Employers
Help your employees budget and save for qualified expenses during the benefit plan year through pre-tax contributions to FSAs.
Solution suite
COBRA Administration for Employers
We’re making COBRA easier to navigate. From compliance to payments, Optum is here to handle the details. Get expert support, real-time tools, and peace of mind—so you can focus on your people and not their paperwork.
Health savings accounts (HSAs) are individual accounts held at Optum Bank® , Member FDIC, unless otherwise indicated, and administered by Optum Financial, Inc. or ConnectYourCare, LLC, an IRS Designated Non-Bank Custodian of HSAs, a subsidiary of Optum Financial, Inc. Neither Optum Financial, Inc. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State and/or local taxes may still apply. Fees may reduce earnings on account. Refer to your HSA account agreement for details.
Flexible spending accounts (FSAs), dependent care assistance programs (DCAPs), health reimbursement arrangements (HRAs), Commuter and Parking Benefits, Tuition Assistance Plans, Adoption Assistance Plans, Surrogacy Assistance Plans, Wellness Benefits, and Lifestyle Accounts (collectively, “EmployerSponsored Plans”) are administered on behalf of your plan sponsor by Optum Financial, Inc. or ConnectYourCare, LLC and are subject to eligibility and restrictions. Employer-Sponsored Plans are not individually owned and amounts available under the Employer-Sponsored Plan are not FDIC insured.
This communication is not intended as legal or tax advice. Consult a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Please contact your plan administrator with questions about enrollment or plan restrictions.
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