Optum Financial vs BASIC

Compare and evaluate Optum Financial vs BASIC based on data from reviews, publicly available sources, and thousands of searches run on Shortlister’s app sign up for a free account.

Optum Financial offers Health Savings Account (HSA), Health Reimbursement Arrangement (HRA), Health Care Flexible Spending Account (FSA) to companies with 0 employees. BASIC offers Leave / Absence Management, COBRA Administration, Health Care Flexible Spending Account (FSA) to companies with 2,200,000 employees.

The information in these side-by-side comparisons can be used to help your company make the best choice for its employees.

BASIC

Reviews pending

Product Description

Optum Financial

Optum Financial helps employers deliver HSAs that are easier to manage, more intuitive to use, and better aligned to how... Show More

BASIC

BASIC’s COBRA Administration service reduces employer risk, eliminates regulatory complexity, and ensures full compliance with federal COBRA and state continuation... Show More

Min. Group Size

Optum Financial

-

BASIC

20 eligible

Lives Serviced

Optum Financial

5,594,570

BASIC

245,000

Product Specific Features

Optum Financial

✓

HSA Platform 

✓

Data document management

✓

Billing services

✓

HSA file transfers

✓

401K and HSA plan consolidation

✓

HSA Plan customization

✓

HSA Online administration process 

✓

HSA-Compatible FSA

✓

HSA carryover plan

✓

Insurance eligibility verification

BASIC

Features

Optum Financial

✓

iOS Native Application

✓

Android Native Application

✓

Responsive Design

✓

GDPR Compliant

✓

SSAE 18 / SOC Audit(s) Performed

✓

NCQA Accredited / Certified

✓

URAC Accredited

✓

3rd Party Integrations

BASIC

✓

Global Capabilities

✓

iOS Native Application

✓

Android Native Application

✓

Responsive Design

✓

GDPR Compliant

Official Resources

Optum Financial

BASIC

Media

Optum Financial

BASIC

About

Optum Financial

Optum Financial is at the crucial connection between health care, finance, and technology.​ We’re a highly-connected, health care payments ecosystem... Show More

BASIC

BASIC is a nationally recognized third-party administrator with more than 35 years of experience delivering employee benefits and HR compliance... Show More

Founded

Optum Financial

2004

BASIC

1989

Location

Optum Financial

Eden Prairie, MN

BASIC

Portage, MI 49024, US

Employees

Optum Financial

83,270

BASIC

397

Funding Summary

Optum Financial

Not Provided

BASIC

None

Website

Reviews

Optum Financial

0.0 (0)

BASIC

0.0 (0)

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