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.
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. Basic Life and AD&D Insurance 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). Optional Life and AD&D Insurance 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. 24-hour Business Travel Accident Insurance 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.) Paid Leave 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. Holidays 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...
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.
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.
