Common use of Health Spending Account (HSA) for Full Time Continuing Employees Clause in Contracts

Health Spending Account (HSA) for Full Time Continuing Employees. a) The Employer shall make available the amounts set out in Appendix A effective January 1 of each calendar year for Employees who are otherwise eligible to receive benefits under the Extended Health Care and Dental Plans plus any additional amount as directed by the Employee in Article 22.01 d) ii. b) The HSA may only be utilized by an Employee for the purposes of receiving reimbursement for health and dental expenses that are eligible medical expenses in accordance with the Income Tax Act and are not otherwise covered by the Extended Health Care and Dental Plans. c) Entitlement for reimbursement shall be governed exclusively by the terms of the HSA in accordance with the Income Tax Act, Canada. d) Any unused allocation in an Employees HSA as of December 31 of each calendar year may be carried forward for a maximum of one (1) calendar year after which time the unused balance shall be forfeited. Employees who are no longer employed by the University will immediately forfeit any unused balance. e) Unused HSA balance at the date of retirement will be rolled to the retirement HSA per Article 27.10 c) in keeping with Income Tax Act rules.

Health Spending Account (HSA) for Full Time Continuing Employees. a) The Employer shall make available the amounts set out in Appendix A “B” effective January 1 of each calendar year for Employees who are otherwise eligible to receive benefits under the Extended Health Care and Dental Plans plus any additional amount as directed by the Employee in Article 22.01 Article 27.01 d) ii. b) The HSA may only be utilized by an Employee for the purposes of receiving reimbursement for health and dental expenses that are eligible medical expenses in accordance with the Income Tax Act and are not otherwise covered by the Extended Health Care and Dental Plans. c) Entitlement for reimbursement shall be governed exclusively by the terms of the HSA in accordance with the Income Tax Act, Canada. d) Any unused allocation in an Employees HSA as of December 31 of each calendar year may be carried forward for a maximum of one (1) calendar year after which time the unused balance shall be forfeited. Employees who are no longer employed by the University will shall immediately forfeit any unused balance. e) Unused HSA balance at the date of retirement will shall be rolled to the retirement HSA per Article 27.10 c) in keeping with Income Tax Act rules.