Health Spending Account (HSA) for Extended Health Sample Clauses

Health Spending Account (HSA) for Extended Health. Subject to the insurer’s plan for eligible expenses, effective January 1, 2024, $300 per year on the basis of: • Credit carry forward - the HSA amount is allocated at the beginning of the year. The unused credits in the year are carried forward for one additional year. If these are not used by the end of year 2, the amounts are forfeited. • Coordination of benefits (COB) - claims are required to go through all other sources (including COB) before HSA funds can be accessed.
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Related to Health Spending Account (HSA) for Extended Health

  • Extended Health Care Plan (a) The Employer shall pay the monthly premium for regular employees entitled to coverage under a mutually acceptable Extended Health Care Plan.

  • Extended Health Plan (a) The Employer will pay 100% of the monthly premiums for the extended health care plan that will cover the employee, their spouse and dependent children, provided they are not enrolled in another plan.

  • 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.

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