Health Savings Account
Get the triple-tax advantage.
Get the triple-tax advantage.
A Health Savings Account (HSA) is an account funded to help you save for healthcare expenses. Your Optum Bank HSA is a smart long-term investment vehicle that can play an important role in your overall wealth and retirement strategy.
If you are enrolling into Medicare, then you must notify hrconnect@omf.com one month prior to turning 65 and enrolling in a Medicare plan so that the company contribution is removed. You must also cease your personal contribution, if any. It is your responsibility under the IRS guidelines for pre-tax plans to complete these actions, or you may incur a penalty for participating in an HSA during this period.
Your HSA is an account dedicated to wellness costs, providing a buffer for unexpected medical bills. Much of your physical, mental, and family wellness expenses can be paid for using your HSA.
In most cases, you can lower your health insurance premiums by switching to health insurance coverage with a higher deductible, such as the Enhanced CDHP Value and Base CDHP Savings plans.
You can save the money in your HSA for healthcare expenses and grow your account through investment earnings. Once your HSA reaches $2,000, you can choose to invest HSA funds above that amount. Select from Optum Bank self-directed mutual funds or Betterment digitally managed investments. When you turn 65 or enroll in Medicare, you can use your HSA for non-medical expenses without incurring a tax penalty. Those distributions will be treated like retirement income and will be subject to normal income tax.
HSAs are completely portable, meaning you can keep your HSA even if you change jobs or medical coverage, become unemployed, move to another state, or change your marital status.
If you are age 55 or older and are eligible to add money to your HSA, you can add money above the regular limits, referred to as a “catch-up” contribution.
2025 IRS Contribution Limits
OneMain Annual Contribution
Your Allowable Contribution*
Team Members Only
$4,300
$500
$3,800
Team Members + Spouse
$8,550
$1,000
$7,550
Team Members + Child(ren)
$8,550
$1,000
$7,550
Team Members + Family
$8,550
$1,000
$7,550
2026 IRS Contribution Limits
OneMain Annual Contribution
Your Allowable Contribution*
Team Members Only
$4,400
$500
$3,900
Team Members + Spouse
$8,750
$1,000
$7,750
Team Members + Child(ren)
$8,750
$1,000
$7,750
Team Members + Family
$8,750
$1,000
$7,750
*Team member allowable contribution is calculated by subtracted the OneMain annual contribution from the IRS contribution limit for a given year. The combination of your annual contributions and the OneMain annual contribution must not exceed IRS contribution limit. If you are a new hire, make sure you consider contributions previously made under prior employer, if applicable.
Medical
Dental
Vision
Out-of-pocket expenses1
Artificial teeth
Contact lenses
Hospital, lab and diagnostic services
Dental treatment4
Prescription glasses
Fertility or infertility treatment
Orthodontics
Eye exams
Chiropractic care
Laser eye surgery
Learning disability treatment
Prescription eye drops
Smoking cessation programs
10% coinsurance
Weight loss programs2
Over-the-Counter medications3
Menstrual Care products
Hearing care
Medical
Dental
Vision
Out-of-pocket expenses1
Artificial teeth
Contact lenses
Hospital, lab and diagnostic services
Dental treatment4
Prescription glasses
Fertility or infertility treatment
Orthodontics
Eye exams
Chiropractic care
Laser eye surgery
Learning disability treatment
Prescription eye drops
Smoking cessation programs
10% coinsurance
Weight loss programs2
Over-the-Counter medications3
Menstrual Care products
Hearing care
1. Common out-of-pocket expenses include deductibles, coinsurance, and copays.
2. Weight loss programming must be prescribed by a doctor.
3. Common over-the-counter medications include aspirin and allergy/flu medications.
4. Dental treatments include cleanings, fillings, and extractions; cannot be cosmetic in nature.
The Benefits Service Center is made available to you through the HRConnect Self-Service Portal, providing support from dedicated professionals committed to helping you understand the benefit options available to you. Whether you have questions about your benefit plans, concerns about coverage, or just need guidance on which medical plan is right for you and your family, connect with the Benefits Service Center.
Contact HRConnect
This Digital Benefits Guide is intended to highlight available benefits and should not be relied upon to fully determine coverage. They are not complete descriptions of the benefits. The company may terminate or modify any benefits described on this website, at any time, for any reason. The descriptions listed on this website are not guarantees of coverage. If there is any conflict between this website and the official plan documents, the official plan documents and contracts will prevail.
Summary of Benefits Coverage are available within this Digital Benefits Guide as well as on MainStreet under Total REWARDS and Workday under My Benefits.
