Common use of HSA Clause in Contracts

HSA. As agreed to between the parties, the district will effect a PPO Qualified High Deductible Health plan as the healthcare coverage for all eligible members. To ensure compliance under the applicable IRS regulations the deductible may change under the qualified high deductible plan to meet increases in the minimum deductibles. Upon implementation, the PPO Qualified High Deductible Health Care Plan, the District will establish an appropriate Health Savings Account Plan ("HSA") consistent with applicable laws, rules and regulations. The District may modify such HSA from time to time as required to meet the then applicable regulations. The District will deposit into the HSA account of each employee, depending upon whether there is one person (single) or more than one person (multiple) covered under the PPO Qualified High Deductible Health Care Plan, the following amount at the beginning of each plan year: Single Annual Contribution: $900 Family Annual Contribution: $1,800 An employee can contribute to his or her own HSA account to the extent and in the manner permitted by the HSA plan and applicable laws and regulations as from time to time provided. Neither the District nor the employee shall contribute more to an HSA account than allowed under applicable laws and regulations as from time to time provided. An employee may change the amount being contributed up to three times per year or after a life event. For a new employee that is hired at a time other than the beginning of the Benefit Plan Year, the district contribution to the eligible employee's Health Savings Account shall not be prorated but will be the full amount as if the employee had been hired on the first day of the Benefit Year.

HSA. As agreed to between the parties, the district will effect a PPO Qualified High Deductible Health plan as the healthcare coverage for all eligible members. member as set forth in Exhibit B. To ensure compliance under the applicable IRS regulations the deductible may change under the qualified high deductible plan to meet increases in the minimum deductibles. Upon implementation, the PPO Qualified High Deductible Health Care Plan, the District will establish an appropriate Health Savings Account Plan ("HSA") consistent with applicable laws, rules and regulations. The District may modify such HSA from time to time as required to meet the then applicable regulations. The District will deposit into the HSA account of each employee, depending upon whether there is one person (single) or more than one person (multiple) covered under the PPO Qualified High Deductible Health Care Plan, the following amount at the beginning of each plan year: Single Annual Contribution: $900 Family Annual Contribution: $1,800 An employee can contribute to his or her own HSA account to the extent and in the manner permitted by the HSA plan and applicable laws and regulations as from time to time provided. Neither the District nor the employee shall contribute more to an HSA account than allowed under applicable laws and regulations as from time to time provided. An employee may change the amount being contributed up to three times per year or after a life event. For a new employee that is hired at a time other than the beginning of the Benefit Plan Year, the district contribution to the eligible employee's Health Savings Account shall not be prorated but will be the full amount as if the employee had been hired on the first day of the Benefit Year.