Optum Bank 2.5.0

Optum Bank 2.5.0

Optum Inc. – Freeware – Android iOS
out of 52032 votes
Latest Version
2.5.0
Safe to install

Optimize Your Health Savings with Optum Bank

Boris Weber

Optum Bank provides a user-friendly platform for managing health savings accounts, making it easier for users to save and invest for their healthcare expenses.
2025 Editor's Rating
EXCELLENT User Rating

With the app update, you can now easily:

  • Keep track of all your account balances
  • Unlock more ways to use your health account dollars
  • Use your account to pay for health costs
  • Find answers if you have questions
  • Store your health care receipts all in one place
  • Understand what may qualify as an eligible health expense

View your health accounts from anywhere

See your health account balances and contributions and view health spending and saving transactions all in one place.

Did someone say shopping? Yes, we did.

Get more out of your health dollars and understand what health costs are eligible (think allergy meds, acupuncture, and thousands more). Then shop and pay with your Optum card or digital wallet.

Pay bills, pay easily, pay yourself

Pay for health-related expenses, check and submit claims for reimbursement, and easily capture receipts, all with a few taps.

And if you have questions, we have answers

Easily find out what you need or type away and send us an email.

Access Instructions:

You will need to have an Optum Bank health account to use this app. Please visit optumbank.com if you're an Optum Bank customer and need to update your account credentials.

About Optum Bank:

Optum Bank is advancing care, connecting the worlds of health and finance in ways that no one else can. Optum Bank is a leading health accounts administrator with over $19.8B in customer assets under management. By developing proprietary technology and applying advanced analytics in new ways, Optum Bank helps reduce costs while helping people make better health decisions — creating a better healthcare experience for our customers. Make managing and paying for eligible healthcare expenses easier with the Optum Bank® app. Designed to provide users with access to their Optum Bank accounts, the app gives account holders the tools they need, from quick account snapshots to detailed account history.

Overview

Optum Bank is a Freeware software in the category Business developed by Optum Inc..

The latest version of Optum Bank is 2.5.0, released on 07/02/2024. It was initially added to our database on 09/11/2023.

Optum Bank runs on the following operating systems: Android/iOS.

Users of Optum Bank gave it a rating of 5 out of 5 stars.

Pros

  • The mobile app offers convenient access to manage your HSA on-the-go.
  • Optum Bank provides a variety of investment options to help grow your HSA funds.
  • The customer service representatives are known for being helpful and responsive.
  • The website interface is user-friendly and easy to navigate.
  • Transferring funds and making payments is usually quick and straightforward with Optum Bank.

Cons

  • Some users have reported occasional glitches or technical issues with the mobile app.
  • There may be fees associated with certain transactions or account maintenance, depending on your specific plan.
  • The investment options may be limited compared to other HSA providers.
  • Some users have experienced delays or difficulties with processing transactions or receiving reimbursements.

FAQ

What is Optum Bank?

Optum Bank is a financial institution that offers health savings accounts (HSAs), flexible spending accounts (FSAs), and other health-related financial products to help manage healthcare expenses.

What types of accounts does Optum Bank offer?

Optum Bank offers Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and general banking services.

How do I open an account with Optum Bank?

You can open an account with Optum Bank online by visiting their official website and completing the necessary application process.

Are there any fees associated with Optum Bank accounts?

While some accounts may have low or no monthly maintenance fees, certain transactions or services may incur fees. It's recommended to review the fee schedule on their website.

What are the benefits of having a Health Savings Account with Optum Bank?

The benefits include tax advantages, the ability to save for qualified medical expenses, and potential investment growth if the account balance meets certain thresholds.

Can I access my Optum Bank account via mobile app?

Yes, Optum Bank offers a mobile app that allows you to manage your accounts, view transactions, and pay bills conveniently from your smartphone.

What types of expenses can I pay for with my HSA?

You can use your HSA funds to pay for qualified medical expenses such as doctor visits, prescriptions, dental care, and vision care.

Is my money safe with Optum Bank?

Yes, Optum Bank is FDIC insured, which means that your deposits are insured up to the allowable limit by federal law.

Can I transfer funds from another HSA to my Optum Bank HSA?

Yes, you can transfer funds from another HSA to your Optum Bank HSA through a direct transfer process.

What should I do if I forget my login credentials for Optum Bank?

If you forget your login credentials, you can use the 'Forgot Username' or 'Forgot Password' links on the login page of their website to recover your account.


Boris Weber

Boris Weber

I am an editor at UpdateStar. I started as a support engineer, and am now specialized in writing about general software topics from a usability and performance angle among others. I telecommute from UpdateStar’s Berlin office, when I am not working remote as a digital nomad for UpdateStar. When I'm not analyzing the latest software updates, you can find me exploring new cities, immersing myself in local cultures, and discovering innovative tech trends across the globe.

Latest Reviews by Boris Weber

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