Common use of Retiree Health Care Spending Account Clause in Contracts

Retiree Health Care Spending Account. [14] Effective January 1, 2019, the Corporation shall provide a post age 65 Retiree Health Care Spending Account applicable only to eligible retired employees, as follows: The Corporation shall provide a post age 65 Retiree Health Care Spending Account for eligible retired employees who are enrolled in the existing health benefit plan at age 65. The Retiree Health Spending Account will be available to those eligible retired employees from age 65 to age 70 as of January 1, 2019. The plan when implemented will have no retroactivity to those eligible retired employees who, prior to January 1, 2019, have exhausted the existing health benefit plan and/or have reached age 65 The annual amount available to eligible retired employees under the plan will be $3000/year. In addition to the above, those eligible for the plan must be qualified to receive an unreduced pension at the time of retirement in accordance with the terms established by XXXXX; and, The eligible retired employees must be in receipt of an unreduced pension; Claims for reimbursement must be made first through the Ontario Health Insurance Plan (OHIP), the Ontario Drug Plan (ODP), or other such public or provincial insurance plan as may be applicable. Reimbursement will be provided for medical or dental expenses to the extent those expenses exceed the coverage available from OHIP, ODP or other applicable public insurance plan. The Retiree Health Care Spending Account will be applicable to the eligible retired employees and spouse only (to a combined maximum of $3000/year). The Retiree Health Care Spending Account will be non-cumulative. There is no redeemable cash value. In the event that the eligible retired employees (and spouse when applicable) do not exhaust the maximum entitlement for the year, the balance cannot be carried over into the subsequent year.

Retiree Health Care Spending Account. [14] Effective January 1, 2019, the Corporation shall provide a post age 65 Retiree Health Care Spending Account applicable only to eligible retired employees, as follows: The Corporation shall provide a post age 65 Retiree Health Care Spending Account for eligible retired employees who are enrolled in the existing health benefit plan at age 65. The Retiree Health Care Spending Account will be available to those eligible retired employees from age 65 to age 70 as of January 1, 2019. The plan when implemented will have no retroactivity to those eligible retired employees who, prior to January 1, 2019, have exhausted the existing health benefit plan and/or have reached age 65 65. The annual amount available to eligible retired employees under the plan will be $3000/year. In addition to the above, those eligible for the plan must be qualified to receive an unreduced pension at the time of retirement in accordance with the terms established by XXXXXOMERS; and, The eligible retired employees must be in receipt of an unreduced pension; Claims for reimbursement must be made first through the Ontario Health Insurance Plan (OHIP), the Ontario Drug Plan (ODP), or other such public or provincial insurance plan as may be applicable. Reimbursement will be provided for medical or dental expenses to the extent those expenses exceed the coverage available from OHIP, ODP or other applicable public insurance plan. The Retiree Health Care Spending Account will be applicable to the eligible retired employees and spouse only (to a combined maximum of $3000/year). The Retiree Health Care Spending Account will be non-cumulative. There is no redeemable cash value. In the event that the eligible retired employees (and spouse when applicable) do not exhaust the maximum entitlement for the year, the balance cannot be carried over into the subsequent year.

Retiree Health Care Spending Account. [14] Effective January 1, 2019, the Corporation shall provide a post age 65 Retiree Health Care Spending Account applicable only to eligible retired employees, as follows: The Corporation shall provide a post age 65 Retiree Health Care Spending Account for eligible retired employees who are enrolled in the existing health benefit plan at age 65. The Retiree Health Spending Account will be available to those eligible retired employees from age 65 to age 70 72 as of January 1, 2019. The plan when implemented will have no retroactivity to those eligible retired employees who, prior to January 1, 2019, who have exhausted the existing health benefit plan and/or have reached age 65 prior to January 1, 2019. The annual amount available to eligible retired employees under the plan will be $3000/year. In addition to the above, those eligible for the plan must be qualified to receive an unreduced pension at the time of retirement in accordance with the terms established by XXXXXOMERS; and, The eligible retired employees must be in receipt of an unreduced pension; Claims for reimbursement must be made first through the Ontario Health Insurance Plan (OHIP), the Ontario Drug Plan (ODP), or other such public or provincial insurance plan as may be applicable. Reimbursement will be provided for medical or dental expenses to the extent those expenses exceed the coverage available from OHIP, ODP or other applicable public insurance plan. The Retiree Health Care Spending Account will be applicable to the eligible retired employees and spouse only (to a combined maximum of or $3000/year). The Retiree Health Care Spending Account will be non-cumulative. There is no redeemable cash value. In the event that the eligible retired employees (and spouse when applicable) do does not exhaust the maximum entitlement for the year, the balance cannot be carried over into the subsequent year.