Optum Bank has done away with unnecessary bank fees associated with your health savings account (HSA). Over 10 miscellaneous fees have been removed in order to help you save more money! They are:
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Check order fee
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Wire transfer fee
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Return or paid non-sufficient
funds (NSF) fee
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Official check fee
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Excess contribution fee
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Returned deposit item fee
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Stop payment fee
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Research fee
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Document copy fee
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Paper statements fee
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Check processing fee (or ACH fee)
The only fees you should expect are a monthly maintenance fee and,
when applicable, an ATM withdrawal fee, account closure fee and monthly investment fee.
We like to avoid fees, too. Use your Health Savings Account Debit MasterCard® at the point of service to avoid ATM withdrawal fees. By reducing fees, you're able to save more for your future. Click here to remind yourself of the other benefits that come with your HSA.
Where to start? Follow our new account holder checklist
Your HSA is open! So what's next? It's time to start saving money to pay for your qualified medical expenses.
Here are some easy next steps you should consider:
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Register for online access to your account
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Start making contributions
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Designate a beneficiary
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Activate your Optum Bank® Health Savings Account Debit MasterCard
You can access information on these next steps and more by following this
new account holder checklist in order to take advantage of all that your HSA can offer.
New year, new limits
As a reminder, the IRS has set new HSA maximum contribution limits for 2016:
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QUALIFIED MEDICAL EXPENSES
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expenses for your HSA
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HSA questions
For 2016, you can contribute up to the IRS limits of $3,350 if you have self-only coverage or $6,750 if you have family coverage. Contribution limits are increased by $1,000 for eligible individuals age 55 or older. These limits include contributions from you, your employer, or others. You have until the tax-filing deadline (generally April 15) of the following year to make allowable contributions.
Health savings accounts (HSAs) are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State taxes may apply. Fees may reduce earnings on account. This communication is not intended as legal or tax advice.
The email address from which this communication was sent is not monitored for responses. This email was sent by: Optum Bank, 2525 Lake Park Boulevard, Salt Lake City, UT 84120, USA.
