ACTIVE MEMBER HEALTH CARE SPENDING ACCOUNT Sample Clauses

ACTIVE MEMBER HEALTH CARE SPENDING ACCOUNT. Whereas the parties are desirous of developing a benefit plan that will provide a core level of benefits and, in addition, a more flexible optional component of benefits to their members; And whereas no major changes have been sought or given to the current benefit levels or plans; Therefore in order to improve the current benefit plans the parties agree to the following: 1. Effective January 1, 2009 the Parties will establish a committee comprised of three members from the Association and three members from the Board that will work together to review the current existing benefits plan with a view that will look at alternatives that would amend the current benefit plan to provide a core level of benefits for all members along with an optional benefit component that members may choose additional benefit requirements that can be enhanced by a Health Spending Account as outlined below: 2. That in lieu of any increase to the current benefit plans, effective January 1, 2008, the Board will establish an Active Members Health Spending Account of two hundred and fifty dollars ($250.00) per Member per year. Effective January 1, 2009 the Health Spending Account shall be increased to three hundred dollars ($300.00) per Member per year. Effective January 1, 2010 the Health Spending Account shall be increased to three hundred and twenty-five dollars ($325.00) per Member per year, to be used to subsidize and/or provide additional benefits exclusively for reimbursement of medical or dental expenses as approved by CRA up to the annual maximum. Such Health Spending Account shall not be cumulative from year to year.
Sample 1
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ACTIVE MEMBER HEALTH CARE SPENDING ACCOUNT. Whereas the parties are desirous of developing a benefit plan that will provide a core level of benefits and, in addition, a more flexible optional component of benefits to their members; And whereas no major changes have been sought or given to the current benefit levels or plans; Therefore in order to improve the current benefit plans the parties agree to the following:
Sample 1

Related to ACTIVE MEMBER HEALTH CARE SPENDING ACCOUNT

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • HEALTH CARE PLANS ‌ Notwithstanding the references to the Pacific Blue Cross Plans in this article, the parties agree that Employers, who are not currently providing benefits under the Pacific Blue Cross Plans may continue to provide the benefits through another carrier providing that the overall level of benefits is comparable to the level of benefits under the Pacific Blue Cross Plans.

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Dental Care Plan The Welfare Plan will include a Dental Care Plan which will reimburse members for expenses incurred in respect of the coverages summarized in Appendix "1". The Plan will not duplicate benefits provided now or which may be provided in the future by any government program.

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