HSA and FSAs

Healthcare Saving account – Must be enrolled in the Consumer Choice HSA Plan to be able to select this plan.  A healthcare Saving Account (HSA) is a type of personal savings account that helps you save money for many out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions.  Unlike a FSA, money left in your HSA rolls over from year to year.

When you contribute to your HSA through Payroll deduction, University System will match you dollar-for-dollar until your contributions reach $375 for an individual or $750 for a family.  In 2016, you can contribute a total of up to $3,350 for an individual or $6,750 for a family.

Healthcare Flexible Spending Accounts – Covers out of pocket healthcare, prescription drug, dental and vision expense.  You can contribute up to $2,550 a year.

Dependent Care Flexible Spending Accounts  – Helps you pay day care expenses, after school, and Summer camps for children under age 13, and care for a disabled dependent over age 13.  You can contribute up to $5000 a year or $2,500 if you are single parent.

Qualified Transportation flexible spending  account helps you save up to 40& on eligible parking and Transit expenses.  Click here to see How it Works. Frequently Asked Questions click here.

Logon to FSA Online:  https://mycdh.optum.com

Contact Optum Bank Consumer Services at (877) 470-1771 (M-F, 7 a.m.-7 p.m. CT) or send us an email. E-mail:mycdh@healthaccountservices.com

Frequently asked question about Optum Payment Card.