Health Savings Account

Eligibility for an HSA

To qualify for an HSA, you must meet the following requirements:

You are covered under Rendr’s HSA Medical Plan.
You are not covered by another medical plan (unless it is an HDHP).
You are not covered by Medicare.
You cannot be claimed as a dependent on someone else’s tax return.
You and your spouse are not enrolled in a general-purpose Health Care FSA (enrollment in a limited-purpose FSA is permitted).

Benefits of an HSA

You may use the funds in your HSA to pay for healthcare expenses, including…
Medical, dental, prescription, and vision deductibles, coinsurance, and copayments

Office visits
Physical therapy
Lab tests
Dental work and orthodontia
Prescription drugs

Tax-free distributions
You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified expenses.

2024 IRS Limits

$4,150 for Single

$8,300 for Family

No “use it or lose it” rule
Funds roll over year to year

You can use it for anyone in your family
Even if you are only enrolled for individual coverage, you can use your HSA funds to pay for qualified expenses incurred by your spouse and/or dependents.

Long-term growth potential
You can earn interest and invest the money in your account–you can even use HSA funds in retirement.

It goes where you go.
The account is yours to keep, even if you change health plans, retire or leave the Company.