UnitedHealth Group’s subsidiary, OptumHealth Financial Services^SM (previously known as Exante Financial Services^®) is an integrated financial services company dedicated exclusively to meeting the needs of individuals, employers, health plans and health care professionals. It includes OptumHealth Bank^SM, member FDIC, one of the largest administrators of Health Savings Accounts (HSAs) in the country.  OptumHealth Financial Services manages more than 1.3 million health accounts, including HSAs, Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs). The company serves 22 health plans with innovative card technology and print and electronic payment solutions. It also provides employers with comprehensive benefits administration services for active employees and retirees.

Flexible Spending Accounts
This account is available for employees to contribute for future eligible health care costs. Contributions are pre-tax, which means less Federal and FICA taxes are deducted. These accounts can be used for:

• Deductibles and coinsurance
• Qualifying prescription and over the counter drugs
• Eye doctors, glasses and contact lenses
• Major dental work, orthodontia and dentures
• Alternative medicine
• Smoking cessation programs

Health Reimbursement Accounts
These accounts hold funds that are set aside by employers to reimburse employees for qualified medical expenses. Employers qualify for preferential tax treatment of funds placed in the account in the same way that they qualify for tax advantages by funding an insurance plan. Employers can deduct the cost of an insurance plan and a health reimbursement account as a business expense under Internal Revenue Code Section 162.

Health Savings Accounts
OptumHealth Bank is among the nation’s largest Health Savings Account administrators. Account-holders receive market competitive interest rates on their deposits, online bill payment options, and direct debit card access to their accounts. Additionally, once they obtain a $2,000 account balance, they also have the option to select from a range of no-fee, non-proprietary investment options. They offer account options to suit the lifestyle needs of various customers – those who actively use their HSA to pay for current expenses, those who want to accumulate savings for the future and those who are comfortable with the risks of investing to accumulate for future health expenses.