Common use of Health Spending Account (HSA) and Wellness Spending Account (WSA) Clause in Contracts

Health Spending Account (HSA) and Wellness Spending Account (WSA). 7.3.1. The School Division shall contribute annually to an HSA / WSA as follows: 7.3.1.1. The School Division shall provide an HSA /WSA in the amount of $725.00 to all eligible teachers. Contributions shall be made in ten

Health Spending Account (HSA) and Wellness Spending Account (WSA). 7.3.1. The School Division shall Employer agrees to contribute annually for each school year an amount equal to $725.00 in twelve (12) equal monthly installments, to an HSA / WSA as follows: 7.3.1.1account for the benefit of each eligible teacher and their dependent(s) which, at the annual option of the teacher, may be used for either or both of Health Spending and Wellness Spending purposes. The School Division shall provide an HSA /WSA Eligible teachers are those teachers eligible to participate in the benefit plans. Teachers whose assignment is less than point five (0.5) FTE will have this amount of $725.00 to all eligible teachers. Contributions shall be made in tenpro- rated based on their FTE.