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Fees are a headache, so we removed them |
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) |
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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, like saving, that come with your HSA. |
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Have you started preparing for your 2016 taxes? |
The tax deadline is right around the corner. With your HSA, there are two tax forms you'll need to file your taxes. These forms have been sent to you but can also be accessed by logging in to your account and clicking the link to statements. |
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IRS Form 1099-SA |
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IRS Form 8889 |
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More information about these specific IRS forms and why they
are important can be found here. You should have also received IRS Form 5498-SA; this form is for your records and is not required to be submitted
with your taxes. |
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New year, new limits |
As a reminder, the IRS has set new HSA maximum contribution limits for 2016: |
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If you are an eligible individual who is age 55 or older at the end of your tax year, your contribution limit is increased by $1,000.* |
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PAST ISSUES
Read previous
Health Savings
News articles |
QUALIFIED
MEDICAL EXPENSES
Find the list of eligible
expenses for your HSA |
FREE WEBINARS
Get answers to your
HSA questions |
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Investments are not FDIC-insured, are not guaranteed by Optum BankSM, and may lose value.
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Catch-up contributions can be made anytime during the year in which the HSA participant turns 55 and meets other IRS eligibility requirements |
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. |
© 2016 Optum, Inc. All rights reserved. A15707 51460-102015 |
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