New Account Holder Checklist
Congratulations on opening a Health Savings Account (HSA).
You've already taken a smart step toward saving for qualified medical expenses — and for your future.
Start making contributions
Consider setting up automatic pre-tax deductions from your paycheck. You can also make post-tax contributions by signing in to your account and setting up a one-time or recurring transfer from another bank account.
Designate a beneficiary
Make it clear who should receive the money in your account, in the event of your death, by signing in and completing the beneficiary designation form available within your profile.
Activate your debit card
Using your Optum Bank® debit Mastercard® is a convenient way to reimburse yourself or pay for qualified medical expenses at the time of service or purchase.
Review your account’s fee schedule
Your welcome kit will contain this and other important information. Be sure to retain your kit for future reference.
Learn about qualified medical expenses
Find out which medical expenses are qualified for tax advantages so you don’t accidentally use your account for nonqualified expenses and have to pay taxes and IRS penalties on the distributions. Be sure to save all your receipts, too.