Health Care Savings Plan (HCSP. The District’s HCSP contribution of $1,000 for Year One and $1,000 for Year Two of the contract shall be paid on the first pay day of each fiscal year or upon contract ratification. The contribution for individuals not covered under an employer sponsored group medical plan will be applied to a post-employment account within the HCSP. Such post-employment account may be used only to reimburse eligible expenses incurred while the individual is not an employee of the District (i.e., after the individual’s employment with the District has terminated). An individual who is enrolled in another employer’s group medical plan must provide information to the District regarding that coverage as a condition of receiving contributions to a HCSP account that is not restricted to post-employment expenses. In addition, the District will pay the monthly administrative fee charged by the carrier for active employees.
Appears in 5 contracts
Samples: Principal Agreement, Principal Agreement, Principal Agreement
