Healthcare Spending Account Sample Clauses

Healthcare Spending Account. 1. A Health Spending Account (HSA) shall be implemented for all employees eligible for benefits pursuant to Article 18, on January 1st of each calendar year. a) A sum of three hundred dollars ($300.00) per each Regular Full-time Employee, as at December 1st of the previous year, shall be allocated by the Employer to an HSA for each eligible employee. b) The HSA shall be provided to benefit eligible Regular Part-time Employees as follows: • a flat rate of one hundred and fifty dollars ($150.00) per year. c) Reimbursement will be provided upon submission of an original receipt. d) Casual Employees are not eligible for HSA. e) Any unused allocation in an employee's HSA as of December 31st of each calendar year is carried forward a maximum of one (1) year. f) The HSA shall be implemented and administered in accordance with the Income Tax Act and applicable Regulations in effect at the time of implementation and during the course of operation of the Health Spending Account. g) A Regular Employee who is employed in more than one (1) position with the Employer will receive one (1) HSA based upon the combined total of their full- time equivalencies (FTEs). 2. The HSA may be used for the following purposes: • receiving reimbursement for health and dental expenses that are eligible medical expenses in accordance with the Income Tax Act and are not covered by the benefit plans specified in this Article. 3. An Employee who terminates employment voluntarily and who within the same calendar year of termination commences employment with the same Employer shall have their HSA maintained. It is understood that an Employee is only entitled to one (1) HSA within a calendar year.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Healthcare Spending Account. Part-time Members, after being employed by the University for 450 hours, and Part-Time Academic Instructors or Part-Time Laboratory Instructors, after having taught four (4) three-credit courses (who do not qualify for other StFX benefit plans), are eligible for a Healthcare Spending Account against which they may claim their health care related expenses (including private Health and Dental Plan premiums).
Sample 1Sample 2
Healthcare Spending Account. 25.01 Where a member has provided at least 4 months’ advance written notice of the member’s effective retirement date to the Chief of Police, such member shall become eligible for an individual Healthcare Spending Account (HSA). Where the member also has 20 years or more of completed service with the Brantford Police Service, such member will receive their pro-rated vacation pay entitlement in accordance with clause 4.20. 25.02 The HSA shall be used to reimburse the member upon retirement for eligible medical or dental expenses incurred and meeting the Canada Revenue Agency’s definition of an allowable deductible medical or dental expense. The eligible value of the HSA shall be determined as follows: 1750 hours or more = $3,000.00 per year 1500 hours to 1749 = $2,000.00 per year 1250 hours to 1499 = $1,500.00 per year 1000 hours to 1249 = $1,000.00 per year 500 hours to 999 = $500.00 per year 25.03 The applicable amount will be allocated annually to the retired member's HSA for use over a consecutive seven (7) year period. This period will commence on the date the retired member activates the HSA which must not be earlier than the date upon which the member turns age 65. In order to activate the account the retired member is expected to provide thirty (30) days advance notice. If the HSA is activated on a date other than January 1, the allocation will be pro-rated for that period to December 31 of that year based on one-twelfth (1/12th) of the annual value for every month, with part months being pro-rated accordingly. The subsequent calendar year will receive one hundred percent (100%) of the eligible funds allocated. The final year in the period will receive a pro-rated amount equal to eighty four (84) months less the number of months and part month that HSA has been active. The annual maximum value of the HSA shall be $3,000.00 (which cannot be carried over) for each eligible retired member. Unsatisfied claims from the year may be carried forward but must be submitted within 90 days of the end of that year. 25.04 It is understood that those with seniority dates prior to January 1, 1980, are not eligible for the HSA and instead remain eligible for payment in accordance with 9.01(m). 25.05 The eligible expenses of the retired member’s eligible spouse may also be claimed against the annual HSA, although eligibility for the HSA does not survive such member¸ except as permitted by the Canada Revenue Agency but only to a maximum of the balance of the seven (7)...
Sample 1
Healthcare Spending Account. The Healthcare Spending Account (HCSA) lets participants set aside before-tax dollars for health and dental expenses they expect to pay out-of-pocket during the year. Expenses are either reimbursed to you or paid directly to the provider in tax-free dollars. Many non-prescription, over-the-counter (OTC) drugs, medicines and medical care items are considered eligible for reimbursement under the HCSA. This is basic term life insurance protection paid for by ChoicePoint. An associate’s coverage amount is the lesser of $50,000 or 50% of salary. The plan pays additional benefits for accidental death and dismemberment (AD&D). Participants may customize their life insurance to fit their needs by purchasing additional term life and AD&D insurance at a special group rate. This plan offers six levels of term life — one, two, three, four, five or six times a participant’s annual salary, up to a maximum of $1.2 million — plus AD&D insurance. An associate enrolling for coverage amounts of four, five or six times annual salary will be required to provide evidence of insurability and be approved by the insurance carrier in order for the coverage to become effective. Also, participants may apply for life insurance for their spouse subject to maximum coverage limitations of $100,000 and $10,000 for each of their children. Participants may convert this insurance to private coverage if they leave the company. ChoicePoint provides this insurance to protect your family’s financial security if an associate dies or becomes dismembered as a result of an injury sustained while traveling on company business. The amount of coverage is based on annual salary and the type of loss. (Certain restrictions apply.) ChoicePoint provides benefit-eligible associates with paid leave that increases with their length of service. In years 1-3, 3 weeks (prorated in year 1 based on date of hire); years 4-10, 4 weeks; years 11-20, 5 weeks; and over 20 years, 6 weeks. Also, all benefit-eligible associates who have had at least three months of benefit-eligible service with ChoicePoint as of the date one week prior to the birth or adoption of a child will be eligible for a two-week paid period of adoption or paternity leave. ChoicePoint provides benefit-eligible associates with 11 paid holidays to be taken during each calendar year. The seven standard holidays are New Year’s Day, Xxxxxx Xxxxxx Xxxx, Xx. Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. Each ChoicePoint...
Sample 1
Healthcare Spending Account. A healthcare spending account (HCSA) is included in the group benefit program for the purposes of reimbursement of medical expenses. Eligible expenses will be in accordance with the eligible expenses regulations of the Income Tax Act (Canada). A base HCSA of $200 per member shall be allocated per calendar year. Members may elect allocation of up to $300 (in $100 increments) from flex credits to the HCSA for additional eligible expenses, by November 30th prior to each calendar year. Unused allocations may be carried over for one taxation year. Effective January 1, 2013 each UWOPA eligible member will be allocated $500 flex credits per annum which can be allocated to the HCSA or Professional Expense Reimbursement in $100 increments. Effective January 1, 2014 each UWOPA eligible member will be allocated $600 flex credits per annum which can be allocated to the HCSA or Professional Expense Reimbursement in $100 increments.
Sample 1

Related to Healthcare Spending Account

  • 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.

  • 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 Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • 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.

  • Dental Care Plan The Welfare Plan will include a Dental Care Plan which will reimburse members for expenses incurred in respect of the coverages summarized in Appendix "1". The Plan will not duplicate benefits provided now or which may be provided in the future by any government program.

  • HEALTH CARE PLANS ‌ Notwithstanding the references to the Pacific Blue Cross Plans in this article, the parties agree that Employers, who are not currently providing benefits under the Pacific Blue Cross Plans may continue to provide the benefits through another carrier providing that the overall level of benefits is comparable to the level of benefits under the Pacific Blue Cross Plans.

  • Dental Care a. Dental Care for Members over age 19 is limited to the following: i. care and stabilization treatment rendered within 62 days of an Accidental Dental Injury provided such services are for the treatment of damage to Sound Natural Teeth; ii. extraction of teeth required prior to radiation therapy when you have a diagnosis of cancer of the head or neck. b. General anesthesia and hospitalization services are covered when required to assure the safe delivery of necessary dental treatment or surgery for a dental Condition which, if left untreated, is likely to result in a medical Condition if: i. a Member has one or more medical Conditions that would create significant or undue medical risk for the Member in the course of delivery of any necessary dental treatment or surgery if not rendered in a Hospital or Ambulatory Surgery Center; or ii. a Covered Dependent child is under eight years of age and it is determined by a licensed dentist and the Covered Dependent’s Attending Physician that dental treatment or surgery in a Hospital or Ambulatory Surgery Center is necessary due to a significantly complex dental Condition, or a developmental disability in which patient management in the dental office has proven to be ineffective.

  • Group Term Life Insurance The Welfare Plan will include Group Term Life Insurance in accordance with the following Table of Hourly Job Rate Brackets and corresponding coverages. Benefits will be payable as a result of death from any cause on a twenty-four (24) hour coverage basis.

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