Health Savings Accounts (HSA. For employees who elect coverage under the “High Deductible Plan” the City will make a contribution of $750 for single coverage and $1,500 for family coverage to a Health Savings Account (HSA) for each plan year. Employees who elect coverage under a plan other than the “High Deductible Plan” are not eligible for an HSA and no City contribution will be made.
Health Savings Accounts (HSA. All active Local G-555 employees enrolled in Medical Option A will be eligible for the Dominion Health Savings Account effective January 1, 2019. Details of the Plan are outlined in the Summary Plan Documents.
Health Savings Accounts (HSA. Those members who selected an HSA compatible insurance plan in 2014-15 will be allowed to continue to elect the individual HSA. This plan will not be available to new members. The district will contribute the difference between the employee’s current insurance cap and the actual premium into the employee’s HSA account up to the annual allowable annual maximum contribution. All forms and account set-ups must be completed within 30 calendar days of open enrollment or hire date.
Health Savings Accounts (HSA. As the Board contributions to the savings account are only made in January and July, a committee of members of Association and the Administration shall be formed to provide a procedure by which members who have catastrophic need shall be able to receive the Board's contribution when needed.
Health Savings Accounts (HSA. Effective January 1, 2014, the HSA Plan provided under L/A 10-31-PGE is no longer available for bargaining unit employees pursuant to the 2012 Benefits Agreement. Company proposes to stop new enrollments in the HSA plan effective August 1, 2013 in order to avoid employees’ liability for taxes and penalties on HSA contributions. Because the company makes a contribution to the HSA plan, entrants later in a calendar year who will not have the option of re-enrolling in an HSA plan the next calendar year run the risk of paying taxes and penalty taxes on the company contributions and their own contributions. This would not affect participants who enroll in the HSA plan prior to Aug. 1, 2013 – they would continue in the plan until the end of 2013 when the plan will be discontinued as per the 2012 Benefits Agreement. Company also proposes to eliminate the HSA option under the retiree medical plans effective January 1, 2014, and stop any new enrollments into the retiree HSA plan effective August 1, 2013. Any balances left in the HSA account will remain available to the retiree to offset their out-of-pocket health care costs. The company proposes to pay the 2014 and 2015 account management fees on the HSA funds for any active union member or retiree who was enrolled in the HSA plan on December 31, 2013. The funds will be converted into individual accounts at UMB Bank. If the member moved their HSA account to another administrator prior to Jan. 1, 2016, the member will be responsible for the fees. Xx. Xxx Xxxxxxx - 2 - July 23, 2013 L/A 13-60-PGE Employees on Long Term Disability (LTD) Effective January 1, 2014, active bargaining unit employees will begin participating in the new Health Account Plan that was agreed upon in the 2012 Benefits negotiations. Company proposes that employees currently on LTD and those transitioning onto LTD will retain the 2013 bargaining unit medical platform of the NAP/CAP Plans or Kaiser EPO (Kaiser Senior Advantage for Medicare LTD). If you agree, please so indicate in the space provided below and return one executed copy of this letter to the Company. Very truly yours, PACIFIC GAS & ELECTRIC COMPANY By: Xxxxxxx X. Xxxxxxx Director and Chief Negotiator The Union is in agreement. LOCAL UNION NO. 1245, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, AFL-CIO August 5 , 2013 By:
Health Savings Accounts (HSA. We permit some electronic fund transfers to and/or from your HSA. The electronic fund transfers we permit are offered for the convenience of managing your HSA . However, electronically moving funds to or from your HSA - for example, depositing more than the allowable amount, or getting additional cash back on an H SA debit card transaction - can raise a variety of tax concerns. As a result, before electronically accessing any account you may have with us, it is a good practice to make sure you are using the correct access device (such as a card) or accessing the appropriate account for the transaction. Also, it is your responsibility to ensure the contrib utions, distributions, and other actions related to your HSA, comply with the law, including federal tax law. As a lways, we recommend consulting a legal or tax professional if you have any questions about managing your HSA. The terms of this disclosure are intended to work in conjunction with the HSA Agree ment provided to you earlier. In the event of a conflict, the terms of the HSA A greement control. You understand that your HSA is intended to be used for pa yment of qualified medical expen ses. It is your responsibility to satisfy any ta x liability resulting from use of your HSA for any purpose other than payme nt or reimbursement of qualified medical expenses. We do not monitor the pu rpose of any transaction to or fro m your HSA. Nor are we responsible for ensuring your eligibility for making con tributions or ensuring withdrawals are used f or payment or reimbursement o f qualified medical expenses. Refer to your H SA Agreement for more information relating to the use of your HSA. Limitat ions on frequency of transfers . In addition to those limitations on transfe rs elsewhere described, if any, th e following limitations apply: } Transfers from a money market or savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, debit card, or similar order to third parties are limited to six per month or monthly statement cycle. FEES } We do not charge for direct deposits to any type of account. } We will charge you for the electronic fund transfer debit transactions on your account the same fee as if they were transactions originated by check, draft, or similar paper instrument. See the separate terms of account and/or separate fee schedule for information relating to transaction limitations and fees. } In addition to the above trans...
Health Savings Accounts (HSA a. In the event a bargaining unit member selects an insurance plan with an HSA, the difference between the total monthly premium amount for the employee’s District- sponsored health insurance plans (including medical, dental, vision, etc.) and the District’s insurance contribution cap amount will be contributed to the employee’s HSA, provided in Sections 15.A(2)(b–d) below.
Health Savings Accounts (HSA a. Effective October 1, 2021, HSA eligible medical plans and District HSA contributions will be offered only to members enrolled in an HSA eligible medical plan with an active HSA account on or before September 30, 2021. Members who are enrolled in an HSA eligible plan, but who choose to enroll in an HRA group plan described in Article 23.F.1.a effective October 1, 2021 or afterwards will not be allowed to switch back to an HSA plan in the future. New members will not be allowed to enroll in an HSA eligible plan.
