Optum Bank Expert Review, Pricing, Alternatives - 2022
At Optum Bank, they put in the effort to educate employees and employers to ensure everyone knows what to expect and how to derive the most value from health savings accounts.
Optum Bank are one of the leaders in this space, and even have their own digital "academy" to educate employees and employers on HSAs. They are backed by UnitedHealth.
Individuals may contribute up to $3,600 a year, and an individual with family coverage can contribute up to $7,200 for the year. Once you turn 55, Optum allows you to contribute an additional $1,000.
- $12 billion in assests across 5 million accounts
- Given $45 million to support low income communities
- Founded in 2003
- One-time and reoccurring contributions
- Employer payroll deductions
- Mobile app
Optum Bank's HSA has a monthly maintenance fee that you'll receive with your HSA Welcome Kit.
There are a few small account fees. Optum charges $2.50 per ATM transaction, $20 to transfer your HSA to another bank, and a $1.50 for a physical print-out of your statement.