Common use of Health Savings Account Clause in Contracts

Health Savings Account. If you are enrolled in a Health Savings Plan on your Termination Date, then thereafter you can continue to make contributions to your HSA so long as you continue to participate in a medical plan that qualifies as a High Deductible Health Plan (HDHP). This could occur as a result of electing COBRA continuation coverage under your current Company-provided medical plan or as a result of your enrollment in a medical plan offered by a third-party that qualifies as a HDHP. Once your coverage under a HDHP ends, your ability to contribute to the HSA for future periods ends. You may be able to make retroactive contributions to the plan if there were prior periods when you could have made contributions but did not do so. Generally, your ability to contribute for periods in a calendar year when you were covered by a HDHP ends on April 15th of the subsequent calendar year. Regardless of whether you make any further contributions to your HSA after your Termination Date, the funds in your HSA are yours to keep, and can be used to pay for eligible medical expenses for you and your tax dependents in accordance with all applicable withdrawal rules. For more information, refer to IRS Publication 969 (wxx.xxx.xxx/xxx/xxx-xxx/x000.xxx) or contact your tax advisor. Your Company provided noncontributory life insurance coverage, contributory life coverage, spouse and dependent child life coverage, and group accidental death and dismemberment coverage will end on your Termination Date. You may be eligible to continue your noncontributory and/or contributory life insurance coverage, spouse and dependent child life coverages after your Termination Date. Continuing these coverages, though, is strictly between you and the applicable insurance companies that provide this coverage. You have a 31-day window following your Termination Date to arrange to continue these coverages. To find out more about your ability to continue these coverages please contact Ashland’s Benefits Department at: bxxxxxxx@xxxxxxx.xxx or (000) 000-0000. A conversion privilege is not available for the group life accidental death and dismemberment portion of your coverage.

Health Savings Account. If you are enrolled in a Health Savings Plan on your Termination Date, then thereafter you can continue to make contributions to your HSA so long as you continue to participate in a medical plan that qualifies as a High Deductible Health Plan (HDHP). This could occur as a result of electing COBRA continuation coverage under your current Company-provided medical plan or as a result of your enrollment in a medical plan offered by a third-party that qualifies as a HDHP. Once your coverage under a HDHP ends, your ability to contribute to the HSA for future periods ends. You may be able to make retroactive contributions to the plan if there were prior periods when you could have made contributions but did not do so. Generally, your ability to contribute for periods in a calendar year when you were covered by a HDHP ends on April 15th of the subsequent calendar year. Regardless of whether you make any further contributions to your HSA after your Termination Date, the funds in your HSA are yours to keep, and can be used to pay for eligible medical expenses for you and your tax dependents in accordance with all applicable withdrawal rules. For more information, refer to IRS Publication 969 (wxx.xxx.xxx/xxx/xxx-xxx/x000.xxxxxx.xxx.xxx/xxx/xxx-xxx/x000.xxx) or contact your tax advisor. Your Company company provided noncontributory life insurance coverage, contributory life coverage, spouse and dependent child life coverage, and group accidental death and dismemberment coverage will end on your Termination Date. You may be eligible to continue your noncontributory and/or contributory life insurance coverage, spouse and dependent child life coverages after your Termination Date. Continuing these coverages, though, is strictly between you and the applicable insurance companies that provide this coverage. You have a 31-day window following your Termination Date to arrange to continue these coverages. To find out more about your ability to continue these coverages please contact Ashland’s Benefits Department at: bxxxxxxx@xxxxxxx.xxx or Xxxxxx Xxxxx, Manager, Global Benefits, at (000) 000-00000000 or xxxxxx@xxxxxxx.xxx. A conversion privilege is not available for the group life accidental death and dismemberment portion of your coverage.

Health Savings Account. If you are enrolled in a Health Savings Plan on your Termination Date, then thereafter you can continue to make contributions to your HSA so long as you continue to participate in a medical plan that qualifies as a High Deductible Health Plan (HDHP). This could occur as a result of electing COBRA continuation coverage under your current Company-provided medical plan or as a result of your enrollment in a medical plan offered by a third-party that qualifies as a HDHP. Once your coverage under a HDHP ends, your ability to contribute to the HSA for future periods ends. You may be able to make retroactive contributions to the plan if there were prior periods when you could have made contributions but did not do so. Generally, your ability to contribute for periods in a calendar year when you were covered by a HDHP ends on April 15th of the subsequent calendar year. Regardless of whether you make any further contributions to your HSA after your Termination Date, the funds in your HSA are yours to keep, and can be used to pay for eligible medical expenses for you and your tax dependents in accordance with all applicable withdrawal rules. For more information, refer to IRS Publication 969 (wxx.xxx.xxx/xxx/xxx-xxx/x000.xxxxxx.xxx.xxx/xxx/xxx-xxx/x000.xxx) or contact your tax advisor. Your Company provided noncontributory life insurance coverage, contributory life coverage, spouse and dependent child life coverage, and group accidental death and dismemberment coverage will end on your Termination Date. You may be eligible to continue your noncontributory and/or contributory life insurance coverage, spouse and dependent child life coverages after your Termination Date. Continuing these coverages, though, is strictly between you and the applicable insurance companies that provide this coverage. You have a 31-day window following your Termination Date to arrange to continue these coverages. To find out more about your ability to continue these coverages please contact Ashland’s Benefits Department at: bxxxxxxx@xxxxxxx.xxx xxxxxxxx@xxxxxxx.xxx or (000) 000-0000. A conversion privilege is not available for the group life accidental death and dismemberment portion of your coverage.

Health Savings Account. If you are enrolled in a Health Savings Plan on your Termination Release Date, then thereafter during your Payroll Continuation Period you can continue to make contributions to your HSA and be eligible for Company contributions, so Employee Initials: SBE long as you continue to participate in a Company-provided medical plan that qualifies as a High Deductible Health Plan (HDHP). This could occur as You may also make contributions by enrolling in a result of qualifying HDHP offered by a third-party, but if you choose third-party coverage you will not be eligible for any further Company contributions to your HSA. In general, after your Payroll Continuation period ends, you may continue to contribute to your HSA either through electing retiree medical or COBRA continuation coverage under your current a Company-provided medical plan HDHP, or as a result of your enrollment in a medical plan offered by a third-party that qualifies as a HDHP. Once your coverage under a HDHP ends, your ability to contribute to the HSA for future periods ends. You may also be able to make retroactive contributions to the plan your HSA if there were prior periods when you could have made contributions but did not do so. Generally, your ability to contribute for periods in a calendar year when you were covered by a HDHP ends on April 15th of the subsequent calendar year. Regardless of whether you continue to make any further contributions to your HSA after your Termination DatePayroll Continuation Period ends, the funds in your HSA are yours to keep, and can be used to pay for eligible medical expenses for you and your tax dependents in accordance with all applicable withdrawal rules. For more information, refer to IRS Publication 969 (wxx.xxx.xxx/xxx/xxx-xxx/x000.xxxxxx.xxx.xxx/xxx/xxx-xxx/x000.xxx) or contact your tax advisor. Your Company provided noncontributory life insurance coverage, contributory life coverage, spouse and dependent child life coverage, and group accidental death and dismemberment coverage will end on your Termination Date. You may be eligible to continue your noncontributory and/or contributory life insurance coverage, spouse and dependent child life coverages after your Termination Date. Continuing these coverages, though, is strictly between you and the applicable insurance companies that provide this coverage. You have a 31-day window following your Termination Date to arrange to continue these coverages. To find out more about your ability to continue these coverages please contact Ashland’s Benefits Department at: bxxxxxxx@xxxxxxx.xxx or (000) 000-0000. A conversion privilege is not available for the group life accidental death and dismemberment portion of your coverage.

Health Savings Account. If you are enrolled in a Health Savings Plan on your Termination Release Date, then thereafter during your Payroll Continuation Period you can continue to make contributions to your HSA and be eligible for Company contributions, so long as you continue to participate in a Company-provided medical plan that qualifies as a High Deductible Health Plan (HDHP). This could occur as You may also make contributions by enrolling in a result of qualifying HDHP offered by a third-party, but if you choose third-party coverage you will not be eligible for any further Company contributions to your HSA. In general, after your Payroll Continuation period ends, you may continue to contribute to your HSA either through electing retiree medical or COBRA continuation coverage under your current a Company-provided medical plan HDHP, or as a result of your enrollment in a medical plan offered by a third-party that qualifies as Employee Initials: WHS a HDHP. Once your coverage under a HDHP ends, your ability to contribute to the HSA for future periods ends. You may also be able to make retroactive contributions to the plan your HSA if there were prior periods when you could have made contributions but did not do so. Generally, your ability to contribute for periods in a calendar year when you were covered by a HDHP ends on April 15th of the subsequent calendar year. Regardless of whether you continue to make any further contributions to your HSA after your Termination DatePayroll Continuation Period ends, the funds in your HSA are yours to keep, and can be used to pay for eligible medical expenses for you and your tax dependents in accordance with all applicable withdrawal rules. For more information, refer to IRS Publication 969 (wxx.xxx.xxx/xxx/xxx-xxx/x000.xxxxxx.xxx.xxx/xxx/xxx-xxx/x000.xxx) or contact your tax advisor. Your Company provided noncontributory life insurance coverage, contributory life coverage, spouse and dependent child life coverage, and group accidental death and dismemberment coverage will end on your Termination Date. You may be eligible to continue your noncontributory and/or contributory life insurance coverage, spouse and dependent child life coverages after your Termination Date. Continuing these coverages, though, is strictly between you and the applicable insurance companies that provide this coverage. You have a 31-day window following your Termination Date to arrange to continue these coverages. To find out more about your ability to continue these coverages please contact Ashland’s Benefits Department at: bxxxxxxx@xxxxxxx.xxx or (000) 000-0000. A conversion privilege is not available for the group life accidental death and dismemberment portion of your coverage.