Health care benefits is probably one of the fastest-growing items on your balance sheet, making it increasingly difficult to provide cost-effective retiree health coverage.

OptumHealth Financial Services can help you design retiree health care solutions that meet the needs of your organization and your employees.

Retiree health accounts

To help private and public-sector employers control benefit costs, we offer account-based solutions.

The OptumHealth retiree reimbursement account (RRA) is a notional health care benefit plan that allows you to create an individual account for each participant and establish a plan to credit funds to it on a regular basis. You are able to keep your commitment to your retired employees while reducing your long-term financial risks.

Benefits for your company:

• Tax advantages — Contributions are tax-free as long as funds are used to reimburse retirees' qualified health care premiums and out-of-pocket expenses.
• Expert plan design — We work with you to build the appropriate solution for your business and your employee base.
• Administration — We handle the claims and reimbursements for you, and we provide comprehensive management reporting and notional account record-keeping.

Benefits for retirees:

• Tax savings — Distributions are tax-free when used for qualified health care expenses.
• Survivor protection — If a participant dies, the funds may be transferred to the surviving spouse or dependents to pay for their medical expenses.
• Premium payments — Retirees can be reimbursed for individual health plan premiums, including Medicare plans.

Offer an RRA Call 1-866-427-6804 or e-mail engage@optumhealth.com to reach an employer relations representative.