Step 1: Open Your Account

If you enroll in the HSA Base Plan or HSA Plus Plan, we will automatically send your information to Optum Bank to open your account. If you actively waive the HSA, your information will not be sent to Optum Bank to open an account.

In most cases, your account will automatically be opened and you will receive a HSA debit card in the mail. If Optum Bank has any questions, they will reach out to you directly for additional information in order to open your account.”

Step 2: Manage Your Account

Manage your account through optumbank.com (there’s also a link from your account on aetna.com). You can start, stop or change your contributions at any time. Unused funds stay in your account and grow over time. If your balance is over $2,000, you may invest the balance over $2,000 in a variety of mutual funds.

Step 3: Use Your Funds Now ...

You can pay for eligible expenses using your debit card at the point of purchase, as long as you have enough funds in your account.

If you don’t have enough funds in your account at the time or you don’t want to use your debit card, you can reimburse yourself later through a withdrawal (on optumbank.com).

Keep all of your receipts in case of IRS audit.

Step 4: ...Or Save Them for Later

Planning to start a family soon? Expecting a surgery? Want to save for healthcare expenses after retirement?

You own your account, and the money in it rolls over from year to year, even if you leave the company. So you can consider it part of your short-term or long-term savings strategy for eligible healthcare expenses.