Recent news about the financial markets and some major financial institutions may have you taking stock of your own assets, including those in your health savings account with OptumHealth Bank^SM, Member FDIC.

You may find it reassuring that all of our business revolves around health accounts and health-care transactions. It’s all we do. And because we are an FDIC-insured financial institution, you can be confident that your HSA deposits are insured by the federal government.¹ You should know, however, that HSA dollars that are invested in mutual funds are not considered deposits, are not guaranteed and are subject to market fluctuations.²

As an HSA owner, you enjoy significant tax advantages with your account and the opportunity to save for future health-care needs. Your deposits reduce your liability for federal and state (with a few exceptions) income taxes.³ Your savings grow tax free, and any withdrawals you make to pay for eligible medical expenses aren’t subject to federal income tax, either. In fact, the average HSA owner saves $25 in taxes on every $100 deposited.⁴

In times like these, you may be looking for stability for your deposits and to stretch your dollars. A health savings account from an FDIC-insured institution provides both. In 2009, families with HSA-qualifying health plans may deposit up to $5,950 in an HSA, and those with qualifying single health coverage can deposit up to $3,000.

Log in or navigate the site to learn more about your HSA. Or if you have specific questions, call us at (866)-234-8913. Thank you for choosing OptumHealth Bank.


Sincerely,

Kelvin Anderson
President, OptumHealth Bank


¹  FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through Dec. 31, 2013.

²  Investments are not FDIC-insured, are not guaranteed by OptumHealth Bank and may lose value.

³  This communication is for informational purposes only and is not intended as legal or tax advice. Please consult a competent legal or tax professional with regard to your unique circumstances. Federal and state regulations are subject to change.

⁴  Assumes 25% federal tax bracket and no state income tax.