Health Savings Accounts (HSA Sample Clauses

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.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
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.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1Sample 2
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. b. The following HSA eligible medical plans are subject to change by OEBB and by mutual agreement per Article 23.F.15 (below). i. Moda Medical Plan 6 ii. Kaiser Medical Plan 3 c. Monthly District-paid deposit for HSA eligible plans: The District will contribute 50% of the maximum contribution levels per federal regulation in effect at the beginning of the plan year divided by 12 into a member HSA account for eligible full time members effective October 1, 2021. Part time members shall receive a pro-rated contribution per Article 23.F.4. 2021-22 Monthly HSA Deposits Employee Only Employee + Spouse/Child(ren)/Family HSA Contribution Limits $3,600 $7,200 Per Month $300 $600 50% Deposit $150 $300 3. Dental & Vision Benefits a. Effective October 1, 2021 specific OEBB dental and vision plans will be offered to members. The District will pay 100% of the premium for dental and vision plans for full time members. A member is not required to select dental and vision plans within the same tier.
Sample 1
Health Savings Accounts (HSA. 1. OEBB HSA eligible medical plans will be offered to current and future Employees. The following plans are subject to change by OEBB: a) Moda Plan 6 b) Xxxxxx Plan 3 2. The District will deposit HSA contributions into the Employee’s HSA account. The amount deposited will be equal to 75% of the maximum Federal HSA contribution limit in effect at the beginning of the plan year, divided by 12. Employee Only Employee + Spouse/Child(ren)/Family 2021 HSA Annual Contribution Limit $3,600 $7,200 75% Deposit Per Month $225 $450 1. Effective October 1, 2021 the following OEBB dental and vision plans will be offered to members. The District will pay the full premium for Employees and their dependents (if applicable) who are enrolled in the offered plans. A member is not required to select dental and vision plans within the same tier. The following plans are subject to change by OEBB: a) OEBB dental plan options: (1) Xxxxxx Dental (2) Delta Dental Exclusive PPO (3) Delta Dental Premier Plan 1 (4) Delta Dental Premier Plan 5 (5) Delta Dental Premier Plan 6 (6) Willamette Dental b) OEBB vision plan options: (1) Xxxxxx Vision (2) Moda Vision Opal (3) Moda Vision Pearl (4) Moda Vision Quartz (5) VSP Choice
Sample 1
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. } 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 transactio...
Sample 1
AutoNDA by SimpleDocs
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.
Sample 1
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. b. Any additional insurance cap dollars above the federal HSA maximum contribution may be contributed to the bargaining unit insurance pool as provided in Subsection 15.A.1 above. c. The District will not incur any responsibility or liability for employee HSAs except to make contributions consistent with Subsection 15.A.1 above. d. The District will not incur any additional cost obligation beyond the District’s negotiated insurance contribution cap amount as provided in Subsection 15.A.1 above.
Sample 1

Related to Health Savings Accounts (HSA

  • 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).

  • 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 Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Bank Accounts; Cash Balances (a) Each Party agrees to take, or cause the members of its Group to take, at the Effective Time (or such earlier time as the Parties may agree), all actions necessary to amend all contracts or agreements governing each bank and brokerage account owned by Varex or any other member of the Varex Group (collectively, the “Varex Accounts”) and all contracts or agreements governing each bank or brokerage account owned by Parent or any other member of the Parent Group (collectively, the “Parent Accounts”) so that each such Varex Account and Parent Account, if currently Linked (whether by automatic withdrawal, automatic deposit or any other authorization to transfer funds from or to, hereinafter “Linked”) to any Parent Account or Varex Account, respectively, is de-Linked from such Parent Account or Varex Account, respectively. (b) It is intended that, following consummation of the actions contemplated by Section 2.9(a), there will be in place a cash management process pursuant to which the Varex Accounts will be managed and funds collected will be transferred into one (1) or more accounts maintained by Varex or a member of the Varex Group. (c) It is intended that, following consummation of the actions contemplated by Section 2.9(a), there will continue to be in place a cash management process pursuant to which the Parent Accounts will be managed and funds collected will be transferred into one (1) or more accounts maintained by Parent or a member of the Parent Group. (d) With respect to any outstanding checks issued or payments initiated by Parent, Varex, or any of the members of their respective Groups prior to the Effective Time, such outstanding checks and payments shall be honored following the Effective Time by the Person or Group owning the account on which the check is drawn or from which the payment was initiated, respectively. (e) As between Parent and Varex (and the members of their respective Groups), all payments made and reimbursements received after the Effective Time by either Party (or member of its Group) that relate to a business, Asset or Liability of the other Party (or member of its Group), shall be held by such Party in trust for the use and benefit of the Party entitled thereto and, promptly following receipt by such Party of any such payment or reimbursement, such Party shall pay over, or shall cause the applicable member of its Group to pay over to the other Party the amount of such payment or reimbursement without right of set-off. (f) It is understood and agreed that, effective as of the Effective Time, Varex and members of the Varex Group shall not have cash and cash equivalents in an aggregate amount that exceeds the Maximum Cash Amount; provided that cash and cash equivalents of XxXxx Medical Solutions AG shall not be included in the calculation of Maximum Cash Amount; provided, further, that, subject to 2.4(e), the Varex Delayed Asset Consideration shall not be included in the Maximum Cash Amount. (g) Within thirty (30) days after the Distribution Date, Varex shall cause to be prepared in good faith and delivered to Parent a balance sheet (the “Balance Sheet”) setting forth cash and cash equivalents held by each member of the Varex Group as of the Effective Time (the aggregate amount of such cash and cash equivalents (other than the Delayed Varex Asset Consideration and cash and cash equivalents held by XxXxx Medical Solutions AG as of the Effective Time), the “Final Cash Balance”). For a period of sixty (60) days following delivery by Varex of the Balance Sheet or such longer period as Parent is disputing the amount of cash and/or cash equivalents reflected in the Balance Sheet, Parent may review and analyze the Balance Sheet and Varex shall cooperate with and make available to Parent and its Representatives all information, records, data and working papers, in each case, to the extent related to the determination of the amount of cash and cash equivalents held by the members of the Varex Group as of the Effective Time, and Varex shall permit access to its facilities and personnel, as may be reasonably required in connection with the review and analysis of the Balance Sheet. (h) If the Final Cash Balance exceeds the Maximum Cash Amount, then Varex shall pay or cause to be paid an amount in cash equal to such difference to Parent by wire transfer of immediately available funds to an account or accounts designated in writing by Parent to Varex within five (5) Business Days after the date of delivery of the Balance Sheet. Any such payment shall be treated by the Parties for all purposes as an adjustment to the Cash Transfer. For the avoidance of doubt, if the Maximum Cash Amount is equal to or less than the Final Cash Balance, then Parent or any member of the Parent Group shall not have any obligation to pay or provide any cash or cash equivalents to any member of the Varex Group. (i) If Parent disagrees with the amount of cash and/or cash equivalents reflected in the Balance Sheet, Parent and Varex shall attempt to resolve the dispute in good faith for thirty (30) days following the delivery to Parent of the Balance Sheet. Following such thirty (30) day period, Parent shall be entitled to dispute such amount or amounts pursuant to Article VII and shall be entitled to make an Arbitration Request without first complying with Section 7.1 or Section 7.2.

  • 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.

  • SAVINGS/FORCE MAJEURE A force majeure occurrence is an event or effect that cannot be reasonably anticipated or controlled. Force majeure includes, but is not limited to, acts of God, acts of war, acts of public enemies, strikes, fires, explosions, actions of the elements, floods, or other similar causes beyond the control of the Contractor or the Commissioner in the performance of the Contract which non- performance, by exercise of reasonable diligence, cannot be prevented. Contractor shall provide the Commissioner with written notice of any force majeure occurrence as soon as the delay is known. Neither the Contractor nor the Commissioner shall be liable to the other for any delay in or failure of performance under the Contract due to a force majeure occurrence. Any such delay in or failure of performance shall not constitute default or give rise to any liability for damages. The existence of such causes of such delay or failure shall extend the period for performance to such extent as determined by the Contractor and the Commissioner to be necessary to enable complete performance by the Contractor if reasonable diligence is exercised after the cause of delay or failure has been removed. Notwithstanding the above, at the discretion of the Commissioner where the delay or failure will significantly impair the value of the Contract to the State or to Authorized Users, the Commissioner may: a. Accept allocated performance or deliveries from the Contractor. The Contractor, however, hereby agrees to grant preferential treatment to Authorized Users with respect to Product subjected to allocation; and/or b. Purchase from other sources (without recourse to and by the Contractor for the costs and expenses thereof) to replace all or part of the Products which are the subject of the delay, which purchases may be deducted from the Contract quantities without penalty or liability to the State; or c. Terminate the Contract or the portion thereof which is subject to delays, and thereby discharge any unexecuted portion of the Contract or the relative part thereof.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!