Optum Health Savings Account (HSA)

A Health Savings Account, or HSA, is a special tax-advantaged savings account set up specifically for you and your family. This account is automatically set up when you enroll in the Choice or Choice Plus medical plan options, but you MUST provide documentation for the account to be activated. You may pay for health-related expenses (like doctor visits and hospital services) out of your HSA.

When you enroll in the Choice or Choice Plus plans, HBC will make an initial contribution to your HSA. You will also have the opportunity to earn a Wellness Incentive contribution by completing wellness requirements.

HSA is administered by Optum Bank through WEX.

Optum and WEX have collaborated to provide integrated, seamless HSA administration. You will now have 24/7 web access for online claims processing, direct deposit reimbursement, online bill pay, and electronic statements - all through optumbank.com


Associate Only Coverage

Associate + Spouse/Domestic Partner, Associate + Child(ren) or Family Coverage

*HSA Company Contribution

Up to $250

Up to $500

*Wellness Incentive

Up to $250

Up to $500 (up to $250 each)

Total HBC Contribution

Up to $500

Up to $1,000

**Maximum Total Tax-Free HSA Contributions (includes any company contributions)

Up to $4,150
($5,150 if age 55 or older)

Up to $8,300
($9,300 if age 55 or older)

*Associates and/or spouses/domestic partners must complete a Health Assessment and an annual exam to be eligible for the Wellness Incentive. If you cover a spouse/domestic partner on an HBC medical plan, you can both complete the requirements on an individual basis to be eligible for the Wellness Incentive, independent of one another. Wellness Incentive HSA contributions are available to Associates enrolled in the Choice Plus, or Choice plan.

**For 2024: $4,150 for single coverage; $8,300 for family coverage; plus an additional $1,000 “catch up” contribution for individuals age 55 and older.