Note: If you are covering a domestic partner and/or child of a domestic partner under the HDHP and are NOT covering your dependent child, you may only contribute up to the individual maximum annual contribution amount. HSA participants who will be age 55 or older in calendar year 2023 may elect to make an additional “catch-up” contribution of up to $1,000. The maximum annual contribution amount for 2023 is $3,850 for an individual and $7,750 for a family. Those who are currently infrequent users of health care and/or have higher incomes and are looking for sheltered savings opportunities are likely to be the first to find HSA’s attractive. Not all employees will be better off with an HSA as compared with traditional low deductible or co-pay health plans. If you can’t remember your HealthSafe ID credentials, you can easily reset them during the sign-in process.Ī Health Savings Account, or HSA, is a custodial account established to receive tax-favored contributions on behalf of eligible active employees enrolled only in a qualified WashU high deductible health plan to pay for qualified medical expenses. You should click the Sign in button on the HealthSafe ID page to access your account. Note: If you have previously used HealthSafe ID, you do not need to create a new one. Download Step-by-step instructions (PDF) for creating a HealthSafe ID. This security feature uses two-factor authentication and allows you to use a single username and password when accessing other Optum sites that use HealthSafe ID. To login/register:Optum Financial uses a login experience called HealthSafe ID.Culture & Community Culture & Community.App Store is a service mark of Apple Inc., registered in the U.S. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. Google Play and the Google Play logo are trademarks of Google LLC. Please contact your plan administrator with questions about enrollment or plan restrictions. Please contact a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Federal and state laws and regulations are subject to change. This communication is not intended as legal or tax advice. Employer-Sponsored Plans are not individually owned and amounts available under the Employer-Sponsored Plan are not FDIC insured. or ConnectYourCare, LLC (collectively, "Optum Financial") and are subject to eligibility and restrictions. Fees may reduce earnings on account.įlexible 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, “Employer-Sponsored Plans”) are administered on behalf of your plan sponsor by Optum Financial, Inc. HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. ![]() Health savings accounts (HSAs) are individual accounts offered through Optum Bank®, Member FDIC, or ConnectYourCare, LLC, an IRS-Designated Non-Bank Custodian of HSAs, each a subsidiary of Optum Financial, Inc. Optum Financial and its subsidiaries are not broker-dealer or registered investment advisors and do not provide investment advice or research concerning securities, make recommendations concerning securities, or otherwise solicit securities transactions. Orders are accepted to effect transactions in securities only as an accommodation to HSA owners. ![]() Brokerage services are offered to certain accountholders through TD Ameritrade, Inc., Member FDIC/SIPC and a subsidiary of The Charles Schwab Corporation. The Schwab Health Savings Brokerage Account is offered to certain account holders through Charles Schwab & Co., Inc., Member FINRA/SIPC. Discretionary advisory services are provided by Betterment LLC, an SEC-registered investment adviser, with associated brokerage transactions provided by Betterment Securities, Member FINRA/SIPC. Self-directed mutual fund investment options are made available through the services of an independent investment advisor, or your plan sponsor. *You must meet the minimum deductible for a qualifying high-deductible health plan.
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