Important Update About Bulk Transfer of HSA Funds to New Inspira Financial Account in 2026

Dec. 19, 2025

The university's Health Savings Account is changing from Optum Bank to Inspira Financial in 2026.

The Arizona Department of Administration is offering you a one-time automatic transfer of all personal HSA funds from Optum Bank to Inspira Financial. 

HSA holders can choose to opt in or opt out of this transfer.

Action required by all Optum HSA holders

  • All Optum HSA holders must opt in or opt out of the automatic funds transfer to Inspira Financial by completing the funds transfer consent form before 5 p.m. on Wednesday, Jan. 21.
  • If opting in, a one-time $20 fee will be deducted from the HSA. The funds transfer to Inspira Financial will be completed on Feb. 11.
  • If opting out, the employer-sponsored Optum HSA will convert to an individual Optum HSA on Feb. 11. Participants will remain responsible for their individual account and may incur a monthly maintenance fee (Contact Optum at 866-610-4839 for the fee schedule).

Please note that all Optum HSAs will be frozen Feb. 4 through Feb. 10 (deposits and withdrawals will not be permitted). 

Optum HSA Investment Fund holders who want to opt in to the automatic transfer

Optum Betterment and mutual fund investment holders who want to participate in the automatic funds transfer to Inspira Financial must move their mutual fund investments to cash before 5 p.m. on Monday, Jan. 5, and complete the consent form.  

This will allow enough time for an accurate funds transfer, including January dividends. 

Follow step-by-step instructions to convert Betterment Investments to cash.

For additional information, consult the HSA Funds Transfer FAQ.

Questions? Contact: 

  • Arizona Department of Administration | Toll-Free: 800-304-3687
  • Optum Bank: 866-610-4839 | Optum website
  • Inspira Financial: 833-419-0316 | Inspira website
Activating Inspira Debit Cards 
To activate Inspira debit cards, you need a “member number.” Your member number is the last 4 digits of your Alternate Employee ID number. Locate this number in UAccess Employee under the University Benefits tile at the top of your Benefits Summary.