Research
myHSA opens up Dialogue for small groups
myHSA's new partnership with Dialogue brings virtual healthcare to small groups through the advisor channel — a model that's strategically aligned and mutually beneficial.
Insights
For Plans that Renew January 1, 2024
A breakdown of how January 1 plan renewals affect HSA balances — including how unused credits move to Carryover, Reserve, and Grace Period funds.
myHSA
Updated on:
January 1 annual plan renewals will occur with the following balance adjustments:
1.
Employees with Credit Carryover:
- Unused 2023 credits move to Carryover balance.
- Unused 2022 credits move to Reserve balance, available only for the Grace Period.
For claims: — - 2024 claims use Carryover first, then Current funds.
- 2023 outstanding claims use Reserve Funds first, then Carryover funds during the Grace Period.
2.
Employees without Credit Carryover :
- Unused 2023 credits move to the employee's Reserve balance.
For claims: — - 2023 outstanding claims use Reserve balance during the Grace Period.
3.
Employees on a myFlexplan :
- Allocate new balance received on January 1.
- Prior year funds remain allocated in the same accounts. Employees can review their existing account balance before making current year decisions.
Important Dates for Plan Admins and Employees :
Last day to allocate: January 30, 11:59pm (PST)
Grace period end date: March 31, 11:59pm (PST)
Download our complete myFlexplan Allocation Guide below myFlex-Allocation-guide .pdf
Download PDF • 507KB
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