HEALTH REIMBURSEMENT ACCOUNT (HRA/VEBA Sample Clauses

HEALTH REIMBURSEMENT ACCOUNT (HRA/VEBA. The Employer will contribute annually the same provided for certified employees for individual and dependent coverage into a health reimbursement account chosen by the Employer for reimbursement of IRC Section 213(d) medical expenses incurred by themselves and their spouses and dependents. The employee must be enrolled in the High Deductible Health Plan to be eligible for the contribution.
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HEALTH REIMBURSEMENT ACCOUNT (HRA/VEBA. The City agrees to contribute the following amounts to employee HRA/VEBA accounts: A. Effective retroactive to July 1, 2019, the City will contribute an amount equivalent to one and one-half percent (1.5%) of the top step of base salary for Sergeant to HRA/VEBA to be used by an employee, at their option, for either pre- or post- retirement eligible expenses. B. Effective July 1, 2020, the City’s contribution will be increased to 1.9% of the top step of base salary for Sergeant to HRA/VEBA. C. Effective July 1, 2021, the City’s contribution will be increased to 2.3% of the top step of base salary for Sergeant to HRA/VEBA. Employees participating in the HRA/VEBA may elect, as a group, to roll existing vacation, compensatory time and holiday accruals into their HRA/VEBA accounts upon retirement. The Association will poll members eligible for retirement prior to the start of each plan year to determine whether the majority wish to use this contribution method for the upcoming plan year. The Association agrees to notify the City in writing by December 15 of each year as to whether or not the cashable banks of retirees will be rolled into the individual’s HRA/VEBA account upon retirement. In the absence of notification received by December 15, the existing contribution method will remain in effect for the subsequent plan year.
HEALTH REIMBURSEMENT ACCOUNT (HRA/VEBA. Existing Voluntary Employees' Beneficiary Association (HRA/VEBA) contribution practices will be continued until the first day of the month following ratification of the Agreement by the Association and approval of the Agreement by the City Council. Effective the first day of the month following ratification and approval of the Agreement, for each employee represented by the Association, each month the City agrees to contribute an amount equivalent to 1% of the top step of base salary for Sergeant to HRA/VEBA to be used by an employee, at their option, for either pre- or post-retirement eligible expenses.

Related to HEALTH REIMBURSEMENT ACCOUNT (HRA/VEBA

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

  • 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 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.

  • 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.

  • 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.

  • Income Collection, Transaction Processing, Account Administration of a basis point per annum on the average net assets of the Fund.

  • Insurance Reimbursement If you have a health insurance policy, it will usually provide some coverage for mental health treatment. I will facilitate your receipt of the benefits to which you are entitled including filling out forms and speaking with insurance representatives. You will be held responsible for full payment of our agreed upon fee should your insurance company deny benefits or should your coverage lapse. Therefore, it is very important that you find out exactly what mental health benefits your insurance policy covers. Read your plan carefully and call your service representative if you have questions. Many insurance plans require advance authorization before they will provide reimbursement for mental health services. These plans often are oriented toward a short-term model and provide only a certain amount of sessions per year. Many insurance companies may only authorize a few sessions at a time and I will need to periodically call them to authorize additional sessions. When I call to authorize treatment or continue our sessions, I will provide them with the minimum amount of information needed, usually including a diagnosis, goals for treatment, and a brief summary of your current functioning. It is possible, but very rare, that they would require a copy of my clinical record. This information will become part of insurance company files and is likely to be computerized. All insurance companies claim to keep such information confidential, but once it is in their hands, I have no control over what they do with it. In some cases, they may share the information with a national medical information data bank. By signing this Agreement, you agree that I can provide requested information to your insurance carrier. If you request it, I will provide you with a copy of any report that I am asked to submit. I make it my policy to inform you along the way of where we stand with your insurance company and what kind of information they have requested. Should insurance coverage end for some reason, we can discuss an out-of-pocket session fee. You can always choose to select this option and have the right to pay for my services yourself to avoid the complexities of the insurance industry.

  • Disbursement Account 12.1 The Lender is obligated to keep the bank account information provided on the Platform up to date. The account shall be managed by a bank within the Single Euro Payment Area (hereinafter “SEPA”). 12.2 Any transfers by the Borrower to an account held by the Lender within SEPA shall not be subject to any fees.

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • 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).

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