HSA. Each year, the Board shall make a deposit into a Health Savings Account (HSA) for employees utilizing the medical plan. The deposit of the HSA will be made based on the following schedule: For the 2019-2020 and 2020-2021 contract years, the Board will deposit forty percent (40%) of the single or family deductible, employee and spouse, or employee and child(ren). One half of this deposit shall be made by December 31 of each contract year and the other half by June 30. Funds deposited into a Health Savings Account become the property of the employee and can be accumulated from year to year. Additional contributions may be made to the HSA by the employee subject to IRS limitations.
Appears in 4 contracts
Samples: Master Contract, Master Contract, Master Contract
