We are dedicated to providing products and services that help people save, pay and plan for health care costs. For example, we are a leading custodian of health savings accounts (HSAs), with nearly 600,000 accounts.
About OptumHealth Bank OptumHealth Bank, Member FDIC, is dedicated to providing products and services that help people plan, save and pay for health care costs.
Have more than 1.4 million debit cards in circulation, supporting HSAs and other health accounts, such as flexible spending accounts (FSAs) and health reimbursement accounts (HRAs); and
Process electronic payments between health plans and about 500,000 doctors or other health care providers who use the OptumHealth Bank Electronic Payments and Statements solution
We also provide accounts to hold life insurance benefits paid from some group insurance policies and offer a credit program for our HSA customers to help pay for out-of-pocket medical expenses.
History OptumHealth Bank started operating on July 21, 2003, in Salt Lake City, Utah, as a Utah state-chartered industrial loan corporation. Originally named Exante Bank, it changed its name in March 2008.
OptumHealth Bank is part of the financial services unit of OptumHealth, a health and wellness company serving more than 60 million people. OptumHealth is part of the UnitedHealth Group (NYSE:UNH) family of companies.
Community Reinvestment OptumHealth Bank invests in bonds that support the development of low- and moderate-income housing.
In addition, in 2009 our employees contributed more than 1,100 hours of community service, with a particular focus on teaching financial literacy to elementary, middle- and high-school students and adults in the Salt Lake City area.
In both categories, we exceeded our requirements under the federal Community Reinvestment Act.