Adding a beneficiary to your HSA or MSA
Take a minute to ensure you have a beneficiary selected for your health savings account (HSA) or Medicare Advantage Medical Savings Account (MSA).
Naming your beneficiary
Take a minute to ensure your HSA or MSA information is current and that you have a beneficiary selected. A beneficiary can be one or more individuals (i.e., spouse, children, relatives, friends).
Why it matters
If you do not assign a beneficiary, your HSA or MSA funds will default to your legal surviving spouse, if you have one, or to your estate. If your funds are left to your estate, it may face heavier taxation. For those reasons, it’s important to keep your beneficiary information up to date.
Add a beneficiary today
Step 1
Sign in to your account by visiting optumbank.com. Select Settings from the black drop-down menu, then click Beneficiaries.
Step 2
Select + Add a New Beneficiary. You’ll need the date of birth and Social Security number for the individual(s) you’re adding.
Step 3
Complete the online form and then select Submit.
