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Coming soon: HSA Integration with HealthEquity and Optum Bank


Health and retirement savings continue to be a growing focus for employers and employees due to rising health care costs. The good news — we’re focused on giving you and your clients tools and resources to help their employees be prepared for retirement, and that includes health care expenses.

That’s why we’re collaborating with industry leading health savings account (HSA) providers to provide an HSA integration that will provide a more holistic view of retirement.1 We’re launching this brand-new HSA integration with HealthEquity and Optum Bank and will continue to look at adding other top-tier HSA providers. But regardless of provider, we still offer an aggregate view of retirement savings that includes HSA account balances.

How it works

In the next few weeks, employers will be able to log in to the Employer website to identify their HSA provider from the Manage Participant page under the Participant tab. Once the HSA Integration launches with their provider, they will receive a task to authorize the integration. After they complete the task, individual employees will also need to authorize the integration for their account.

Once these steps have been completed, employees will benefit from a more complete retirement snapshot — HSA balances will be reflected within the Retirement Wellness Planner and Retirement Wellness Score. And with just a click, employees can easily log into their HSA provider’s website through single sign-on technology (this secure account access keeps employees from having to enter credentials multiple times).

Explore the employer and employee experience in this interactive demo.

Meeting each employee where they are at

Principal® Milestones provides educational and planning resources that help employees plan for today as well as tomorrow, including health care expenses. Interactive courses, videos, calculators and more help each participant understand their healthcare benefits. Whether employees are using HSAs for immediate healthcare expenses, long-term savings or a combination of the two, Principal® Milestones will help them understand how they might expect to pay for health care in retirement.

Interested in learning more about our HSA integration? Contact your Principal® rep or our Advisor Support Team at 800-952-3343.

1. Based on our research of HSA providers through March 2019.

The Retirement Wellness Planner information and Retirement Wellness Score are limited only to the inputs and other financial assumptions and is not intended to be a financial plan or investment advice from any company of the Principal Financial Group® or plan sponsor. This calculator only provides education which may be helpful in making personal financial decisions. Responsibility for those decisions is assumed by the participant, not the plan sponsor and not by any member of Principal®. Individual results will vary. Participants should regularly review their savings progress and post-retirement needs.

HealthEquity, Inc. and Optum Bank not an affiliate of any company of the Principal Financial Group.

Principal does not make available products related to Health Savings Accounts.

Insurance products and plan administrative services provided through Principal Life Insurance Co. Securities offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker-dealers. Principal Life, and Principal Securities are members of the Principal Financial Group®, Des Moines, Iowa 50392.

©2019 Principal Financial Services, Inc.

PQ12627H | 792627-042019 | 4/19

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