Plan Renewal Process

If you're coming up on the first anniversary of having your benefit plan with Olympia, you might be curious how the renewal process works? If that's you, keep reading!

For the HSA Basic, Plus and Deluxe plans, renewal happens annually on the effective date of the plan. On the effective date every year, the credit card on file is automatically charged the renewal fee that is applicable to your plan. The credit card on file would be the one that was used for the initial signup one year ago.

If you need to change the credit card on file, you can do so with the following steps: 

1. Log into your MyOlympia account
2. Click on Company
3. Click on Update Company Credit Card
   
4. Here you will enter your new Credit Card details and then click on Update.  It is important to update the credit card prior to the renewal date to ensure that the correct card is used for the renewal
   

Prior to the renewal date, you will receive two email reminders of the upcoming renewal which will give you an opportunity to make any updates to the credit card on file. Please be sure that your email address is updated as that is how we contact you regarding your plan! Once the plan has been renewed you will see a confirmation email and you are all set for another year.

 

It's important to note that if we are unable to process the renewal payment through the credit card on file, your plan will be closed.  We don't want this to happen, so be sure to review your credit card details prior to your renewal date.