By enrolling in a qualified HealthPlus high-deductible health plan, you may be eligible to open and save in a health savings account (HSA) with Optum BankSM, Member FDIC. You can also use your own bank to set up an HSA. Here is some information about how an HSA works and directions for getting started with an Optum Bank HSA.
An HSA combines high deductible insurance with a tax-favored saving account. Money in the savings account can help pay the deductible. Once the deductible is met, the insurance starts paying. Money left in the savings account earns interest and is yours to keep. A health savings account (HSA) paired with a qualifying high-deductible health plan helps you save and pay for health care.
To open an HSA, you must meet the following criteria:
Visit www.optumbank.com to sign up for an account, pay bills, download forms and find other helpful HSA information. Log in monthly to check your statement.
Or call Optum Bank toll-free at 1-866-234-8913 from 8 a.m. to 8 p.m. Eastern time, Monday through Friday.
* State tax treatment of HSAs varies. Consult the Michigan Department of Revenue to find out more.
** Investments are not FDIC-insured, are not guaranteed by Optum Bank and may lose value.
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