A focus on financial wellness
A focus on financial wellness
Financial health is a cornerstone of the experience we deliver.
Financial health is a cornerstone of the experience we deliver.
Empower HSA
Empower HSA
Empower has partnered with health services leader Optum Bank® to provide an industry-leading and integrated retirement health and wealth solution. Saving for healthcare costs in retirement has never been easier.
Provides integration with the award-winning1 Empower participant experience
Provides integration with the award-winning1 Empower participant experience
The integration of future income projections with retirement plan balances and projections is coupled with the ability for plan participants to change HSA contribution amounts.
Supports current healthcare needs
Supports current healthcare needs
Empower HSA supports medical claims integration, facilitates direct payments to providers, issues HSA debit cards and offers many other services associated with an HSA.
Empower Student Debt Solution
Empower Student Debt Solution
The Empower Student Debt Solution powered by Candidly is designed to help your employees pay off their student debt. While the program offers lending products and guidance tools that can help employees save on their student loan payments, you can also help them pay down their student debt. Or you can choose to contribute to their retirement plan accounts based on their student loan payments.
That’s why we’ve teamed up with Candidly, a market-leading student debt management platform, to help guide your employees through the education finance journey. Candidly is a savings optimization platform that addresses the full lifecycle of education expenses and empowers people to make simultaneous progress on paying down student debt and building wealth.
Help your employees reduce the financial stress associated with paying down their student debt.
Evaluation tools
Evaluation tools
Tools and resources are provided to employees so they can explore options for paying down their student debt.
Contributions
Contributions
Employers can make contributions to help employees pay back loans more quickly — or stay on track toward retirement.
Educational, communication and operational services regarding an Empower Health Savings Account (Empower HSA) may be provided by registered representatives of EFSI. By electing Empower HSA, plan participants are contracting directly with Optum and its affiliates for this service. EFSI, or its affiliates, is not affiliated with Optum and is not responsible for their services.
Health savings accounts (HSAs) are individual accounts offered or administered by Optum Bank®, Member FDIC, a subsidiary of Optum Financial, Inc. Optum Financial, Inc. is not 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. This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment and restrictions. Federal and state laws and regulations are subject to change.
All Optum trademarks and logos are owned by Optum®. All other brand or product names are trademarks or registered marks of their respective owners. Because we are continually improving our products and services, Optum reserves the right to change specifications without prior notice. Optum is an equal opportunity employer.
The Empower Student Debt Solution is provided by Candidly, which is not affiliated with Empower Retirement, LLC or its affiliates.
1 2023 PLANSPONSOR Best in Class: DC Providers Survey, February 2024.
Some features may not be available and are subject to change without notice.
FOR FINANCIAL PROFESSIONAL USE ONLY.