Qualified Medical Expenses Sample Clauses

Qualified Medical Expenses. Qualified medical expenses include amounts paid with respect to the individual, the individual's spouse, and the individual's dependents, for medical care defined under Section 213(d) and such amounts are not compensated for by insurance or otherwise. Qualified Medical Expenses do not include any payment for insurance, except in the following cases:
AutoNDA by SimpleDocs
Qualified Medical Expenses. To be tax-free, a distribution must be used to pay or reimburse a Qualified Medical Expense incurred after you establish your Account. A "Qualified Medical Expense" is an amount paid for medical care, as defined in Code Section 213(d), that is not reimbursed by insurance or otherwise and is incurred by you, your spouse, or a Dependent. IRS Publication 502 generally describes expenses that are deemed to be for medical care within the meaning of Code Section 213(d), but not every health-related or medical care expense that you, your spouse or your Dependents incur is a Qualified Medical Expense for HSA purposes. In particular, most premiums paid for health insurance coverage are not Qualified Medical Expenses. However, the following types of health insurance premiums are still treated as Qualified Medical Expenses:
Qualified Medical Expenses. Qualified medical expenses are expenses paid by you, your spouse, or your dependents for medical care as defined in IRC Section 213(d) or as otherwise permitted by law, but only to the extent the expenses are not covered by insurance or otherwise. The qualified medical expenses must be incurred only after the HSA has been established.
Qualified Medical Expenses. Expenses specified in the plan that generally would qualify for the medical and dental expenses deduction. Also, non-prescription medicines (other than insulin) aren’t considered qualified medical expenses for FSA purposes. A medicine or drug will be a qualified medical expense for FSA purposes only if the medicine or drug: requires a prescription, is available without a prescription (an over-the-counter medicine or drug) and you get a prescription for it, or is insulin. Request for Proposals (RFP) – Formal procurement document in which a service or need is identified but no specific method to achieve it has been chosen. Used as the solicitation document to establish this Contract, including all its amendments and modifications and is Exhibit B hereto. Response – Contractor’s Response to HCA’s RFP 2020HC2 for Tax-Advantaged account Services and is Exhibit C hereto. Revised Code of Washington (RCW) – Any references to specific titles, chapters, or sections of the RCW, including any substitute, successor, or replacement title, chapter, or section. School Employees Benefits Board (SEB Board) – A board made up of individuals appointed by the Governor that is authorized to design and approve insurance benefit plans for school employees and to establish eligibility criteria for participation in benefit plans under RCW 41.05.
Qualified Medical Expenses. For purposes of the contract and as used in this booklet, “qualified medical expenses” are medical expenses as defined under Section 213 of the Code and as certified by the plan sponsor or by a party designated by the plan sponsor (generally the Third Party Administrator (“TPA”)). You will need to refer to your employer's HRA plan document for details. When you need amounts reimbursed to you for qualified medical expenses, you must submit a claim to your TPA. These claims should not be sent to the Company or local Company representative. The TPA receives and approves all claim requests and then submits a reimbursement request to the Company on your behalf. After receiving that request, we distribute the requested amount to the TPA. In turn, the TPA will then send the money to you (via a check or direct deposit to your own bank account). Be advised that TPA fees may be assessed against the amounts they handle on your behalf and such charges would be separate and distinct from any fees charged under the contract. (See “CHARGES TO PARTICIPANTS” for additional information on charges.)

Related to Qualified Medical Expenses

  • FUNERAL EXPENSES The City shall expend a sum of money not to exceed $30,000 for funeral expenses to the heirs of any Unit member who dies while on active duty from injuries incurred while performing his/her job or who dies as a direct cause of such injuries. This amount includes any amount already available for this purpose in accordance with California State Labor Code Section 4701.

  • Travel Expenses CONTRACTOR shall not be allowed or paid travel expenses unless set forth in this Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!