MEDICAL SPENDING ACCOUNT Sample Clauses

MEDICAL SPENDING ACCOUNT. Effective January 1, 2004, the County implemented an IRC Section 125 Medical Spending Account.
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MEDICAL SPENDING ACCOUNT. Complete only if you wish to enroll in the Medical Spending Account for reimbursement of an allowable health and dental care expenses.
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MEDICAL SPENDING ACCOUNT. A. Health Savings Account (HSA) – Effective July 1, 2019, the district shall make an HSA available for all eligible qualified bargaining unit members who enroll in the HSA- eligible HD1-HC1 plan. The district shall contribute $500 per year for the life of this contract for all bargaining unit members who enroll in the HSA-eligible Personal Choice HD1-HC1 w/$10/$20/$20/$100 integrated Rx plan. District Funding will take place after the new hire open enrollment window has expired and is only available for active employees who are eligible for an HSA as outlined in Section 223 of the Internal Revenue Code.
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MEDICAL SPENDING ACCOUNT. Effective January 1, 2004, the County implemented an IRC Section 125 Medical Spending Account. This is a summary of various benefit programs in effect for eligible employees. The descriptions are very general and are not intended to provide complete details about any or all plans. Exact specification for all plans are provided in the official Plan Documents, copies of which are available from Payroll Specialists or the Human Resources Department, Benefits Division. Where there is a difference between the description on these pages and the Plan Documents, the Plan Documents prevail. Please note that benefits are subject to change by the Plans and there is no guarantee that these benefits will be continued indefinitely. However, the County agrees to continue negotiated coverage as it currently exists unless such coverage is no longer offered by the plans. EXHIBITS Exhibit A Additional Compensation
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MEDICAL SPENDING ACCOUNT. 24 1. Medical expenses 25 To the extent permitted by law, Medical Expense Reimbursement 26 Plan (MERP) accounts, which allow employees to pay for deductibles and un- 27 reimbursed medical, dental, and vision expenses with pre-tax wages, will be available 28 according to the terms of the Multnomah County Medical Expense Reimbursement 29 Plan number 504.
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MEDICAL SPENDING ACCOUNT. I elect to enroll in the Medical Care Spending Account and authorize the following to be deducted from my paycheck on a pre-tax basis for the Plan Year: $ Annual Amount (Annual Maximum $2,500 - to be deducted equally over: 10 mo. 12 mo.)
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MEDICAL SPENDING ACCOUNT. An employee regularly scheduled to work 50% or more and enrolled in the County’s health insurance and/or dental insurance plan is eligible to participate in the medical spending account the 1st of the next quarter (Jan 1, April 1, July 1 or Oct 1) after completion of six (6) months of employment in a regular (.50-1.00 FTE) position. Enrollment must be completed within thirty (30) days of becoming eligible to participate. The maximum of the spending account is the IRS limit.
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MEDICAL SPENDING ACCOUNT. The City will continue to provide the Medical Spending Accounts through which the Employee may submit receipts for office visit co‐payments, lab work, diagnostic testing, and prescriptions. In addition, the Employee may increase the funds in the Medical Spending account by making additional contributions through payroll deductions and by allocating accrued sick days as allowed by the collective bargaining agreement.
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MEDICAL SPENDING ACCOUNT. FSA – Medical Spending accounts are for medical expenses you pay completely out of your own pocket. FSA - Medical Spending accounts are “pre-funded” which means that your entire election is available for reimbursement on the first day of the plan year, even before your first deduction.
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Related to MEDICAL SPENDING ACCOUNT

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Flexible Spending Account (FSA) Beginning January 1, 1993, an employee may designate an amount per year to be placed into the employee’s Flexible Spending Account (as defined in Section 125 of the Internal Revenue Code as amended from time to time). The amounts in the account may be used to reimburse the employee for uncovered medical expenses. Amounts placed in the account are not subject to federal, state and Social Security (FICA) taxes. Reports of earnings to MTRFA and pension deductions will be based on gross earnings.

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • DEPENDENT CARE REIMBURSEMENT ACCOUNT During the term of this MOU, Management agrees to maintain a Dependent Care Reimbursement Account (DCRA), qualified under Section 129 of the Internal Revenue Code, for active employees who are members of LACERS, provided that sufficient enrollment is maintained to continue to make the account available. Enrollment in the DCRA is at the discretion of each employee. All contributions into the DCRA and related administrative fees shall be paid by employees who are enrolled in the plan. As a qualified Section 129 Plan, the DCRA shall be administered according to the rules and regulations specified for such plans by the Internal Revenue Service.

  • Medical Flexible Spending Arrangement A. During January 2020 and again in January 2021, the Employer will make available two hundred fifty dollars ($250) in a medical flexible spending arrangement (FSA) account for each bargaining unit member represented by a Union in the Coalition described in RCW 41.80.020(3), who meets the criteria in Subsection 28.7(B) below.

  • Medical/Dental Expense Account The Employer agrees to allow insurance eligible employees to participate in a medical and dental expense reimbursement program to cover co- payments, deductibles and other medical and dental expenses or expenses for services not covered by health or dental insurance on a pre-tax basis as permitted by law or regulation, up to the maximum amount of salary reduction contributions allowed per calendar year under Section 125 of the Internal Revenue Code or other applicable federal law.

  • Medical Plan ‌ Eligible employees and dependants shall be covered by the British Columbia Medical Services Plan or carrier approved by the British Columbia Medical Services Commission. The Employer shall pay one hundred percent (100%) of the premium. An eligible employee who wishes to have coverage for other than dependants may do so provided the Medical Plan is agreeable and the extra premium is paid by the employee through payroll deduction. Membership shall be a condition of employment for eligible employees who shall be enrolled for coverage following the completion of three (3) months’ employment or upon the initial date of employment for those employees with portable service as outlined in Article 14.12.

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