The OptumHealth RRA is a notional health care benefit plan that allows employers to create an individual account for each participant and establish a plan to credit funds to it on a regular basis.

With people living longer, and health care costs rising, an RRA can be a valued benefit to help attract and retain talented employees.

Benefits for employers:

• 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 so that you purchase only the services you need.
• Administration — We handle the claims and reimbursements for you.
• Medical inflation management — Your financial exposure to future medical inflation is reduced because you can cap your contributions.

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.
• No age restrictions — Distributions for qualified medical expenses in retirement can be taken at any time following retirement, regardless of age.
• Premium payments — Funds can be used to pay for health plan premiums, such as Medigap coverage.