HSA CONTRIBUTIONS FOR ACTIVE EMPLOYEES Sample Clauses

HSA CONTRIBUTIONS FOR ACTIVE EMPLOYEES. For employees who elect family health insurance coverage, the Town shall contribute to their Health Savings Account (HSA) $1,600.00 per year effective July 1, 2022. For employees who elect single health insurance coverage, the Town shall contribute to their HSA $800.00 per year effective July 1, 2022. The employee is entitled to contribute or not contribute to his HSA account as defined by the IRS. The employee is responsible for the annual deductible amount of $4,000.00 for a family plan and $2,000.00 for a single plan. If the HSA account has insufficient funds at the time a deductible amount is owed, the employee must make up any difference.
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Related to HSA CONTRIBUTIONS FOR ACTIVE EMPLOYEES

  • Active Employees Active Employees who have not terminated service during the Plan Year and who meet the following requirements (select all that apply; leave blank if no exclusions):

  • Excluded Employees Employees excluded from the bargaining unit who work for an Employer signatory to this Agreement may participate in any of the foregoing benefits under rules and regulations established by the Trustees. The trustees shall determine the contributions required for such benefits.

  • Promoted Employees 1. An employee who has served one-half (1/2) or more of the time required to be considered for their next step increase, shall upon promotion to a position in a higher wage range in the Bargaining Unit, be placed at Step A of the higher range or such other step as will provide an increase of two

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

  • Newly Hired Employees All employees hired to an insurance eligible position must make their benefit elections by their initial effective date of coverage as defined in this Article, Section 5C. Insurance eligible employees will automatically be enrolled in basic life coverage. If employees eligible for a full Employer Contribution do not choose a health plan administrator and a primary care clinic by their initial effective date, and do not waive medical coverage, they will be enrolled in a Benefit Level Two clinic (or Level One, if available) that meets established access standards in the health plan with the largest number of Benefit Level One and Two clinics in the county of the employee’s residence at the beginning of the insurance year. If an employee does not choose a health plan administrator and primary care clinic by their initial effective date, but was previously covered as a dependent immediately prior to their initial effective date, they will be defaulted to the plan administrator and primary care clinic in which they were previously enrolled.

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