{"id":11394,"date":"2024-03-14T15:31:28","date_gmt":"2024-03-14T15:31:28","guid":{"rendered":"https:\/\/commpart.com\/renovo\/?page_id=11394"},"modified":"2025-10-20T14:21:18","modified_gmt":"2025-10-20T19:21:18","slug":"health-savings-account","status":"publish","type":"page","link":"https:\/\/commpart.com\/renovo\/health-savings-account\/","title":{"rendered":"Health Savings Account"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"11394\" class=\"elementor elementor-11394\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-76da769f e-con-full e-flex e-con e-parent\" data-id=\"76da769f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-69fed26 elementor-widget elementor-widget-heading\" data-id=\"69fed26\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Health Savings Account (HSA) <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3a12f1c0 e-flex e-con-boxed e-con e-parent\" data-id=\"3a12f1c0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2b67377f e-con-full e-flex e-con e-child\" data-id=\"2b67377f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4003dc0d elementor-widget elementor-widget-text-editor\" data-id=\"4003dc0d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you enroll in one of our <a href=\"https:\/\/commpart.com\/renovo\/medical\/\">HSA Medical Plans<\/a>, you may be eligible to open an HSA through UMR. An HSA can be used to pay for a wide range of eligible health care expenses, including Medical, Dental, Vision, and Prescription costs\u2014now and in the future.<\/p>\n<p><strong>Please note, our HSA administrator is changing to HealthEquity for 2026. Review the <a href=\"https:\/\/commpart.com\/renovo\/open-enrollment\/\" target=\"_blank\" rel=\"noopener\">Open Enrollment<\/a> page for more information.\u00a0<\/strong><\/p>\n<p><strong>Note:<\/strong> 3508 Sales Representatives are eligible to enroll in an HSA Medical Plan but are not eligible to open an HSA. If you choose the HSA Choice Plus Low Plan, you\u2019ll receive a per\u2011payroll stipend instead of the Renovo HSA contribution ($19.23\/individual coverage, $38.46\/family coverage).<\/p>\n<h2>Get to Know the HSA<\/h2>\n<p>An HSA gives you more control over your health care spending and savings. You decide how much to contribute, how to use the funds, and whether to let your balance grow for future expenses.<\/p>\n<p>HSAs also offer a triple tax advantage: Your contributions aren\u2019t taxed, withdrawals for eligible expenses are tax\u2011free, and account earnings grow tax\u2011free.*<\/p>\n<ul>\n<li><strong>Your account, your money:<\/strong> An HSA is yours to keep, even if you change jobs.<\/li>\n<li><strong>FREE money:<\/strong> If you choose the HSA Choice Plus Low Plan, Renovo contributes to your HSA.<\/li>\n<li><strong>Pre<\/strong><strong>\u2011tax savings:<\/strong> Set aside pre\u2011tax dollars from your paycheck to help pay for eligible expenses.<\/li>\n<li><strong>Flexible contributions:<\/strong> Change your contribution amount anytime.<\/li>\n<li><strong>No use-it-or-lose-it:<\/strong> Unused funds roll over each year.<\/li>\n<li><strong>Long<\/strong><strong>\u2011term savings:<\/strong> Save for future qualified medical expenses, including in retirement.<\/li>\n<\/ul>\n<p class=\"disclaimer\"><br \/>*State taxes may still apply in CA and NJ. For detailed tax implications of an HSA, please contact your professional tax advisor.<\/p>\n<h2>HSA Contributions<\/h2>\n<table>\n<thead>\n<tr class=\"RateTable\">\n<th class=\"THCellLFT\"><strong>Coverage Type<\/strong><\/th>\n<th class=\"THCellInsd\"><strong>2025 IRS Maximum*<\/strong><\/th>\n<th class=\"THCellInsd\"><strong>Renovo Contribution HSA Choice Plus Low Plan Only<\/strong><\/th>\n<th class=\"THCellInsd\"><strong>Employee Maximum<\/strong><\/th>\n<th class=\"THCellInsd\"><strong>Employee Maximum Age 55+<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"rowA\">\n<td class=\"cellColOne\"><strong>Individual<\/strong><\/td>\n<td>$4,300<\/td>\n<td>$500<\/td>\n<td>$3,900<\/td>\n<td>$4,900<\/td>\n<\/tr>\n<tr class=\"border_bottom\">\n<td class=\"cellColOne\"><strong>Family<\/strong><\/td>\n<td>$8,550<\/td>\n<td>$1,000<\/td>\n<td>$7,750<\/td>\n<td>$8,750<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span style=\"font-size: 10pt;\">*2026 IRS Maximums are $4,400 for individual coverage and $8,750 for family coverage.<\/span><\/em><\/p>\n<h2>Eligibility Rules<\/h2>\n<p>You must:<\/p>\n<ul>\n<li>Be enrolled in the HSA Choice Plus Low or High Plan<\/li>\n<li>Not be covered by another non\u2011qualified health plan (including a spouse\u2019s Health Care FSA)<\/li>\n<li>Not be enrolled in Medicare or Tricare<\/li>\n<li>Not be claimed as a dependent on someone else\u2019s tax return<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6791795c e-con-full e-flex e-con e-child\" data-id=\"6791795c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-5117c7bc e-con-full e-flex e-con e-child\" data-id=\"5117c7bc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4a3a449e elementor-widget elementor-widget-text-editor\" data-id=\"4a3a449e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 class=\"sidebar\">Tools of the Trade<\/h2>\n<p>Find real people, ready to help.<\/p>\n<h3 class=\"sidebar\">Quantum Health<\/h3>\n<p><strong>866-920-1980<\/strong><br \/>(Weekdays, 8:30 a.m. \u2013 10:00 p.m. ET)<br \/><a href=\"https:\/\/renovohealthhub.com\/#\/login\" target=\"_blank\" rel=\"noopener\">renovohealthhub.com<\/a><\/p>\n<h3 class=\"sidebar\">ADP MyLife Advisors<\/h3>\n<p>(Weekdays, 8:00 a.m. \u2013 11:30 p.m. ET)<br \/><a href=\"mailto:MyLifeAdvisor@adp.com\" target=\"_blank\" rel=\"noopener\">MyLifeAdvisor@adp.com<\/a><br \/>Download the <a href=\"https:\/\/url.avanan.click\/v2\/r01\/___https:\/www.adp.com\/what-we-offer\/products\/adp-mobile-solutions.aspx___.YXAzOnJlbm92b2hvbWVwYXJ0bmVyczphOm86NWRlNDBiN2Y2ZTM5ZGUyM2ZkMzNjNmNhNjJlY2NmZTc6NzoxZDMwOjI5Y2QzNzA2OGJkNDNkYjEzYzEyNTM3ZjUyZTRiM2Q2N2VjMjhkY2UwMmY5MTdhMTQ0ODZjYWI0ZTI4NWEyZmU6cDpGOkY\" target=\"_blank\" rel=\"noopener\">ADP Mobile app<span style=\"color: #000000;\">.<\/span><\/a><\/p>\n<h3 class=\"sidebar\">UMR<\/h3>\n<p><strong>866-920-1980\u00a0\u00a0<\/strong> <br \/><a href=\"https:\/\/renovohealthhub.com\/#\/login\" target=\"_blank\" rel=\"noopener\">renovohealthhub.com<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8027ddc elementor-widget elementor-widget-n-accordion\" data-id=\"8027ddc\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1340\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1340\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Documents <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-chevron-right\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1340\" class=\"elementor-element elementor-element-1b6e02ee e-con-full e-flex e-con e-child\" data-id=\"1b6e02ee\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2280e27f elementor-widget elementor-widget-text-editor\" data-id=\"2280e27f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"lnks\"><p>Please activate your license first<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Health Savings Account (HSA) If you enroll in one of our HSA Medical Plans, you may be eligible to open an HSA through UMR. An HSA can be used to pay for a wide range of eligible health care expenses, including Medical, Dental, Vision, and Prescription costs\u2014now and in the future. Please note, our HSA [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-11394","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Health Savings Account - Benefits Powered by Renovo Home Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/commpart.com\/renovo\/health-savings-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Health Savings Account - Benefits Powered by Renovo Home Partners\" \/>\n<meta property=\"og:description\" content=\"Health Savings Account (HSA) If you enroll in one of our HSA Medical Plans, you may be eligible to open an HSA through UMR. 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