Common use of HDH Plan Clause in Contracts

HDH Plan. 1. The Board shall pay eighty percent (80%) of the monthly premium contribution to maintain coverage for the HDH plan and the Instructional Employee shall pay twenty percent (20%). 2. The Board will contribute to a health savings account (“HSA”) an amount equal to fifty percent (50%) of the annual, in-network deductible amount for either a single or family HDH plan for eligible Instructional Employees. a. Contributions are earned monthly and shall be paid over two equal payments during the calendar year. The first half payment will be made on the first pay in January. The second half payment will be made on the first pay in July. Members will receive HSA contributions prior to being earned. b. Any Instructional Employee leaving the Board’s employment prior to July 1st will not receive the second half payment to their HSA. Any employee who has served their notice of last date of employment, but has not terminated employment as of July 1st will receive a prorated contribution for the second half payment to their HSA, based on the number of months they will be employed from July 1st through December 31st of the calendar year that employment is terminated. c. An Instructional Employee who has met his/her deductible up to an amount equal to the first half of their HSA allocation prior to July 1st may appeal to the Board Treasurer for advancement of the July contribution amount by demonstrating a need for the full amount. d. Any HSA contribution by participating Instructional Employees, up to the maximum limits provided by law, may be made either by payroll deduction or in a lump-sum payment. The HSA shall be maintained by the Instructional Employee for his/her exclusive benefit and that of his/her beneficiaries. Distribution of funds from the HSA may be made at any time upon the discretion of the Instructional Employee. The Instructional Employee is responsible for substantiation of the distribution for qualified medical expenses. e. The Board shall determine the custodian of the HSA.