Election of Account-Based Offerings Sample Clauses

Election of Account-Based Offerings. To retain the administrative and/or financial services described in this Account-Based Offerings Administrative Services Agreement, you must first have established one or more of the following Account-Based Offerings: • HRA, TFS, PFS, HC-FSA, or DC-FSA in connection with a program under the Internal Revenue Code of 1986, as amended (IRS Code) Sections 105, 125, 129, 132, and 213, for the benefit of your eligible employees (Covered Employees) and their eligible dependents (Covered Dependents), together referred to as Covered Persons. • A high deductible health plan in accordance with Internal Revenue Code of 1986, as amended (IRS Code), Section 223 to enable Covered Employees to establish and contribute to a health savings account (HSA) to pay for qualified medical expenses for themselves (the Account Owner) and their eligible dependents. In this Account-Based Offerings Administrative Services Agreement, each of your HRA, TFS, PFS, HC-FSA, or DC-FSA Account-Based Offerings is referred to as “the Plan.”