Contributions to the Active Employees’ Plan. The School District will make an annual contribution to individual accounts under the health reimbursement arrangement. The School District shall make contributions to individual health reimbursement accounts on a prorated basis consistent with payroll cycles. The first contribution will start the month after the date of hire and will be prorated based upon the employee’s Full Time Equivalency and the number of months remaining in the plan year. A deposit will be approximately 1/18th of the District’s annual contribution for a full-time employee who is employed a full year. Deposits for a full school year will begin with a mid-September deposit and end with a late May deposit. The District will offer a High Deductible Health Plan (HDHP) that can function as a VEBA plan or Health Savings Account. An employee cannot receive or use money from both types of accounts in the same calendar year. Employee’s indicating they intend to switch to the HDHP as a Health Savings Account will be contacted to confirm their transition from/to an H.S.A. VEBA account monies cannot be used in one calendar year if you are enrolled in an H.S.A. in in the same calendar year. All contributions on behalf of a VEBA Plan participant shall cease on the date the participant is no longer covered under the high deductible health plan in Section 2 above.
Contributions to the Active Employees’ Plan. Employer will make an annual contribution to individual accounts under the health reimbursement arrangement for qualifying bargaining unit members in accordance with the following schedule: $1,248 for each qualified employee who elects single coverage under the group health plan described in Subdivision 2; and $2,496 for each qualified employee who elects family coverage under the group health plan described in Subdivision 2. The contribution will be made in thirds, with the first contribution on January 1st, the second contribution on May 1st, and the third contribution on September 1st, or the first business day thereafter. The employer will contribute $ to the individual account each period for those employees who elect single coverage, and $ to the individual account each period for those employees who elect family coverage under the group health plan described in Subdivision 2. Dollars in individual accounts shall not be eligible to use until they have been accrued. If a qualified bargaining unit member enters the VEBA Plan as a participant on a date after the first day of the VEBA Plan year, the Employer shall prorate the amount of the Employer Contribution to reflect the late entry. This prorated share of employer contribution shall be based on the number of months remaining in the plan year. Any employee entering the VEBA plan on a date other than the first day of that month, shall receive the entire employee contribution amount for the month in which they enter (i.e. an employee entering the VEBA plan anytime during the month of April would receive 9/12 of the total year employee contribution toward the individual’s VEBA account). All employer contributions on behalf of a VEBA Plan participant shall cease on the date the participant is no longer covered under the high deductible health plan in Subdivision 2 below, or on a date that the individual no longer in employed by the City of Chaska.
Contributions to the Active Employees’ Plan. The School District will make an annual contribution to individual accounts under the health reimbursement arrangement in accordance with the following schedule: During the 2022-2023 school year the district shall contribute an amount not to exceed $7,630.00 towards a combination of annual health insurance premium and VEBA account. During the 2023-20241 school year the district shall contribute an amount not to exceed $8,080.00 towards a combination of annual health insurance premium and VEBA account. $1,850 will be deposited into their VEBA account first with the remaining amount going towards the cost of the health insurance premium. The School District shall make contributions to individual health reimbursement accounts on a prorated basis consistent with the payroll cycles. The first contribution will start the month after the date of hire and will be prorated based upon the employee’s Full Time Equivalency and the number of deposits remaining in the plan year. A deposit will be approximately 1/24th of the District’s annual contribution for a full-time employee who is employed a full year. Deposits for a full year will begin with a mid-July deposit and end with a late June deposit. The District will offer a High Deductible Health Plan (HDHP) that can function as a VEBA plan or Health Savings Account. An employee cannot receive or use money from both types of accounts in the same calendar year. Employee’s indicating they intend to switch to the HDHP as a Health Savings Account will be contacted to confirm their transition from/to an H.S.A. VEBA account monies cannot be used in one calendar year if you are enrolled in an H.S.A. in the same calendar year. All contributions on behalf of a VEBA Plan participant shall cease on the date the participant is no longer covered under the high deductible health plan in Section II above.
Contributions to the Active Employees’ Plan. Employer will make monthly contributions on the 20th of each month over the VEBA Plan year (not to exceed an annual amount) to individual accounts under the health reimbursement arrangement for qualifying bargaining unit members. If a participant in the VEBA Plan is entitled to receive an annual contribution that is prorated on a monthly basis over the VEBA Plan year, and the participant incurs one or more claims for an eligible health expense that exceeds the participant’s account balance in the VEBA Plan, the Employer shall, at the participant’s request, accelerate its prorated contribution for that year to the extent necessary to reimburse the participant for the claim. The total contribution for such a participant shall in no event exceed the contribution to which he or she was originally entitled to for that year. If a qualified bargaining unit member or retiree enters the VEBA Plan as a participant on a date after the first day of the VEBA Plan year, the Employer shall prorate the amount of the Employer Contribution to reflect the late entry.
Contributions to the Active Employees’ Plan. The School District will make an annual contribution to individual accounts under the health reimbursement arrangement in accordance with the following schedule: total annual contribution of $6982 in 2011-2013. The School District shall make contributions to individual health reimbursement accounts on a semi-annual basis – October 1 and December 1. Each contribution shall be 50% of the total health savings amount as described above. If a qualified bargaining unit member enters the VEBA Plan as a participant on a date after the first day of the VEBA Plan year, the School District will prorate the amount of the District contribution to reflex the late entry.
Contributions to the Active Employees’ Plan a. The School District will make an annual contribution, not to exceed HSA IRS limits, to accounts under the health reimbursement arrangement for qualifying bargaining-unit members equal to the deductible in the highest premium VEBA insurance policy or the difference between the costs of the highest premium plan plus the VEBA contribution, less the cost of the premiums for the plan selected, not to exceed the maximum single and or family district contribution levels outlined in Article 33, Section 1.
