Health Spending Accounts can be complex, here are a few of the most common questions when getting started with your plan.
What is the maximum limit allowed for my family under this plan?
For both the HSA Basic and HSA Plus the maximum annual limit is $15,000 per enrolled employee (owner and spouse)
How long after the plan year end can we file claims?
You will have 365 days after the plan year end to file claims incurred in the prior plan year.
What happens to my claim funding from my business when a claim isn’t paid out in full?
Any funds that are not used to pay out a claim are held in the business claim funding account for any future claims. You can request to have these funds direct deposited back into your business bank account by logging in into your MyOlympia account, clicking on Company > Company Balance Refund
.
Who is considered a dependent under this plan?
Dependents would be your spouse or dependent children. Children are covered until the age of 21 and if they are enrolled in full-time post-secondary education they are covered until age 25.
How do I change my personal information in my account?
Once logged into your MyOlympia account, click on Personal > Personal Details. Here you can update your contact information and dependents.
If you need to update your personal banking information, click on Personal > Banking Details.