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Welcome to Optum Financial

We are pleased to be the benefits account administrator for the State of Wisconsin.

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Claims Resource Center

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Please note, payment cards will not be re-issued for 2023 IYC Open Enrollment

As part of the Wisconsin Department of Employee Trust Funds (ETF) unsubstantiated claims recovery process, Health Care Flexible Spending Accounts (FSA) and Limited Purpose FSA participants with unsubstantiated claims incurred between January 1, 2022 and Dec 31, 2022 will have funds recovered via payroll withholding during Feb and March 2023, if possible.

Please review the below resources as you look to substantiate your claims.

  1. Business Debt Appeals form
  2. Substantiation Requirements
  3. Unsubstantiated Recovery process Guide

 

2023 Contribution Limit

Carryover Limit

Health Care/Limited Purpose FSA

$2,850 per year

$570

Dependent Day Care Account

$5,000

$0; no money carries over

Health Savings Account

$3,850 per year for individual coverage

 

$7,750 per year for family coverage

 

Annual Catch-Up Contribution Limit: (Age 55-65 only) $1,000

Unlimited; all money carries over

 

 

Transit Account

$280 monthly

Unlimited; all money carries over

Parking Account

$280 monthly

Unlimited; all money carries over

Getting Started

It’s easy to use your account. Here are resources to make it even easier:

Your Benefit Account Options

Gain a complete understanding of the financial side of health
We help you connect the worlds of health and finance in new ways because we believe that simpler, smarter health care savings and payments lead to better, more impactful care experiences.

Health Savings Account

An HSA is a tax-advantaged account that you can use for qualified medical expenses today or save for the future. This account is compatible with your High Deductible Health Plan (HDHP) and Access HDHP plan option.

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Health Care Flexible Spending Accounts

Health Care FSAs provide tax savings on your out-of-pocket health expenses. The Health Care FSA is compatible with the IYC Health Plan and Access Plan option. If you are on the High Deductible Health Plan (HDHP) and Access HDHP, you are eligible for a Limited Purpose Health Care FSA.

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Dependent Day Care Account

The Dependent Day Care Account is a welcome money saver for employees with child care or elder dependent care costs. It allows you to set aside pre-tax money for eligible dependent day care expenses so you can work.

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Commuter Benefits Program

Reduce your commuting expenses by taking advantage of Commuter Benefits. The IRS allows for certain work-related transit and parking expenses to be deducted from your paycheck on a pre-tax basis. Because you do not pay taxes on these expenses, you can SAVE BIG! 2021: UW Hospital and Clinics employees are not eligible for Transit or Parking Benefits.

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Optum Financial

At Optum Financial we’re entirely dedicated to improving people’s well-being and are passionate about the relationship between health and finances.

We’re focused on providing innovative solutions that help you connect your health and finances in new ways.

Have questions or need help?

You can get support 24/7 at 833-881-8158.

Investments are not FDIC insured, are not bank issued or guaranteed by Optum Financial or its subsidiaries, including Optum Bank, and are subject to risk including fluctuations in value and the possible loss of the principal amount invested.

Self-directed mutual fund investment options are made available through the services of an independent investment advisor, or your plan sponsor. Discretionary advisory services are provided by Betterment LLC, an SEC-registered investment adviser, with associated brokerage transactions provided by Betterment Securities, Member FINRA/SIPC. For details and disclosures visit betterment.com. The Schwab Health Savings Brokerage Account is offered to certain account holders through Charles Schwab & Co., Inc., Member FINRA/SIPC. For details and disclosures, visit schwab.com. Brokerage services are offered to certain account holders through TD Ameritrade, Inc., Member FDIC/SIPC and a subsidiary of The Charles Schwab Corporation. For details and disclosures, visit tdameritrade.com.

Orders are accepted to effect transactions in securities only as an accommodation to HSA owners. Optum Financial and its subsidiaries are not broker-dealer or registered investment advisors and do not provide investment advice or research concerning securities, make recommendations concerning securities, or otherwise solicit securities transactions.

Health savings accounts (HSAs) are individual accounts offered through Optum Bank®, Member FDIC, or ConnectYourCare, LLC, an IRS-Designated Non-Bank Custodian of HSAs, each a subsidiary of Optum Financial, Inc. Neither Optum Financial, Inc. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. 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.

Flexible spending accounts (FSAs), dependent care assistance programs (DCAPs), health reimbursement arrangements (HRAs), Commuter and Parking Benefits, Tuition Assistance Plans, Adoption Assistance Plans, Surrogacy Assistance Plans, Wellness Benefits, and Lifestyle Accounts (collectively, “Employer-Sponsored Plans”) are administered on behalf of your plan sponsor by Optum Financial, Inc. or ConnectYourCare, LLC (collectively, "Optum Financial") and are subject to eligibility and restrictions. Employer-Sponsored Plans are not individually owned and amounts available under the Employer-Sponsored Plan are not FDIC insured. This communication is not intended as legal or tax advice. Federal and state laws and regulations are subject to change. Please contact a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Please contact your plan administrator with questions about enrollment or plan restrictions.

Google Play and the Google Play logo are trademarks of Google LLC. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.

The promotional code OPTFSA7, OPTHSA5 and OPTHRA7 cannot be applied to previously placed orders, and cannot be combined with other promotional codes. Additionally, the code cannot be used for prescription drugs or virtual care visits. Promotional codes are not transferable or redeemable for cash or credit. To apply a promotional code you must enter it prior to completing the order.

Free and expedited shipping offers do not apply to shipping outside of the contiguous United States. Additional shipping restrictions may apply.

The Optum Store is an affiliate of the UnitedHealth Group family of companies.

Your employer-sponsored plan may exclude reimbursement for certain categories of items. Check your plan document and summary plan description or contact your benefits department for specific coverage details.

© 2023 Optum, Inc. All rights reserved.