Common use of HSA Contributions Clause in Contracts

HSA Contributions. The Board will contribute to each participating member’s HSA account, an amount equal to seventy percent (70%) of the annual deductible amount applicable to that member’s insurance plan (single or family). The Board’s contribution shall become fifty percent (50%) on January 1, 2013. Members may make additional contributions consistent with IRS regulations, by payroll deduction. Board contributions to HSA accounts will be made in January of each year. Employees who leave the insurance plan for any reason during the following twelve-month period will reimburse the Board at the rate of one- twelfth of the Board-paid contribution for each month that the employee is no longer in the plan. Employees hired after January 1 shall receive a pro-rated Board contribution based on the number of months in District employment during the initial year.

HSA Contributions. The Board will contribute to each participating member’s HSA account, an amount equal to seventy fifty percent (7050%) of the annual deductible amount applicable to that member’s insurance plan (single or family). The Board’s contribution shall become fifty percent (50%) on January 1, 2013. Members may make additional contributions consistent with IRS regulations, by payroll deduction. Board contributions to HSA accounts will be made in January of each year. Employees who leave the insurance plan for any reason during the following twelve-month period will reimburse the Board at the rate of one- twelfth of the Board-paid contribution for each month that the employee is no longer in the plan. Employees hired after January 1 shall receive a pro-rated Board contribution based on the number of months in District employment during the initial year.