UnitedHealth Group’s subsidiary, OptumHealth Financial Services^SM, 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

Definity^sm Health Reimbursement Account (HRA)
Through are research of large employers, we’ve found that a HRA delivers demonstrated savings over traditional PPO plans – with those enrolled in the CDHP being 12 - 20 percent healthier than their peers in traditional plans.   With flexible plan designs and affordable cost options, the HRA maximizes the value of your health care dollars, all while encouraging  employees to become more engaged in managing health care spending. 

Employers determine fund management guidelines, including contribution amounts and carry-over opportunities.  They also define when funds in the HRA are available for reimbursement, and what types of medical expenses qualify for reimbursement. 

A HRA allows employees to choose from a variety of cost-effective health and wellness services and gives them use our innovative phone- and web-based health management tools.  In addition to this broad array of tools, knowledge and support, we proactively reach out to employees with valuable, personalized information.  Our focused communications include targeted messages on health statements and our member Web site, highlighting opportunities to improve and maintain health. We provide nformation to manage the health care experience more easily and a Health Coach outreach via Web or telephone to assist with chronic condition management for diabetes, asthma, and other diseases.

Employers and Employees will find that a HRA places a greater emphasis on personal responsibility and more informed decision making. Employees are in control with access to personalized health care plus decision support tools that help them use health care wisely.

UnitedHealthcare Definity^sm Savings Account (HSA)
The Definity HSA combines the flexibility of a medical insurance plan with the cost effectiveness of a tax-advantaged savings account.

Definity HSAs help your employees play a larger role in their own health care while enjoying 100 percent coverage for in-network preventive care services, choosing from a variety of cost-effective health and wellness services, and opting for a tax-advantaged health savings account with multiple trustee and investment choices.  They also have access to our innovative phone- and web-based health management tools.

We also provide the personal support our members that allow them to get the most out of their account with the use of online calculators to calculate future savings and contribution amounts, the ability to view account balances, monthly statements, pay bills, and more.

An Integrated Banking Experience
At UnitedHealthcare, you not only have a partner with extensive experience in the health care industry, but a nationwide leader in HSA administration, OptumHealth Bank, Member FDIC, ensuring the security of your account.

As a UnitedHealth Group company with more than $600 million in deposits, OptumHealth Bank is one of the few banks dedicated to health care. Combine that dedication and experience with a Definity^SM HSA from UnitedHealthcare, and you have a single relationship that you, and your employees, can count on.