Xxxxxxxx Contributions o 1. The Plan does not accept Rollover Contributions.
þ 2. Rollover Contributions may be made:
o a. after meeting the eligibility requirements for participation in the Plan.
þ b. prior to meeting the eligibility requirements for participation in the Plan.
Xxxxxxxx Contributions. The Plan does not accept Rollover Contributions.
Xxxxxxxx Contributions. [ ] 1. The Plan does not accept Rollover Contributions. [x] 2. Rollover Contributions may be made: [ ] a. after meeting the eligibility requirements for participation in the Plan. [x] b. prior to meeting the eligibility requirements for participation in the Plan.
3. The Plan will accept a Participant Rollover Contribution of an Eligible Rollover Distribution from (check only those that apply): [x] a. A Qualified Plan described in Code Section 401(a) or 403(a). [x] b. An annuity contract described in Code Section 403(b). [ ] c. An eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state.
Xxxxxxxx Contributions. 1. There is no minimum contribution required to open an HSA. Except as provided in the HSA Documentation, there is no minimum balance requirement. However, if you open an HSA that remains dormant, with a balance of under $1 dollar (or such other minimum amount established by us from time to time), we reserve the right to close the HSA.
2. All contributions to your HSA must be in U.S. Dollars. You hereby authorize and direct us to accept contributions that are made by you or by others on your behalf and to act without further inquiry in accordance with the instructions given to us by you or any third party authorized or appointed to act on the HSA, including any instructions that specify a particular tax year for contributions.
3. Funds contributed to an HSA that remain uninvested are insured up to the applicable limit by the Federal Deposit Insurance Corporation (“FDIC”). The amount of insurance coverage available to you depends on the number of accounts you have with us and the ownership of such accounts. For additional information, you may visit the FDIC’s website at xxx.xxxx.xxx.
4. Contributions for any given tax year may be made at any time before the deadline for filing your federal income tax return for such year (without extensions). All contributions received by us during a calendar year (other than rollover contributions or direct transfers) will be considered made for that calendar year for purposes of reporting. At our discretion, we may allow deposits for a prior or subsequent calendar year consistent with the requirements of Code Section 223 and any administrative procedures implemented by us.
5. Except for rollover contributions that we accept, deposits are limited to the statutory maximum contribution allowed under Section 223 of the Code (including any additional contributions allowed for individuals age 55 or over under Section 223(b)(3)(B) of the Code). At our discretion, we may require you to provide certification to us that you have attained the age of 55 before we accept any catch-up contribution amounts. You acknowledge that the Internal Revenue Service (“IRS”) imposes an excise tax upon any excess contribution that is made to your HSA and for each year in which the excess remains in your HSA. You hereby agree that we are not responsible for determining whether contributions to your HSA exceed the maximum annual contribution limit. If an excess contribution has been made, or you notify us that you are not eligible under the Code to m...
Xxxxxxxx Contributions l
1. The Plan does not accept Rollover Contributions.
2. Rollover Contributions may be made:
a. after meeting the eligibility requirements for participation in the Plan.
b. prior to meeting the eligibility requirements for participation in the Plan.
3. The Plan will accept a Participant Rollover Contribution of an Eligible Rollover Distribution from (check only those that apply):
a. A Qualified Plan described in Code Section 401(a) or 403(a).
b. An annuity contract described in Code Section 403(b).
c. An eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state.
d. An Individual Retirement Account (which was not used as a conduit from a Qualified Plan) or Annuity described in Code Section 408(a) or 408(b) that is eligible to be rolled over and would otheiWise be includable in gross income.
4. The Plan will accept a Direct Rollover of an Eligible Rollover Distribution from (check only those that apply):
a. A Qualified Plan described in Code Section 401(a) or 403{a), excluding Voluntary After-tax
b. A Qualified Plan described in Code Section 401(a) or 403{a), including Voluntary After-tax
c. An annuity contract described in Code Section 403(b), excluding Voluntary After-tax Contributions.
d. An annuity contract described in Code Section 403(b), including Voluntary After-tax Contributions.
e. An eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state.
f. A Xxxx Elective Deferral Account if it is a Direct Rollover from another Xxxx Elective Deferral Account under a Qualified Plan described in Code Section 402A{e)(1) and only to the extent the rollover is permitted under Code Section 402(c).
Xxxxxxxx Contributions. Contributions to the cost of health insurance for employees hired by the County before June 26, 1996, whether or not the employee has or is eligible for health insurance coverage, will be determined as follows:
1) The County's contribution toward the cost of health insurance, for full-time employees, shall be 90% of the cost of an individual plan with or without prescription or 90% of the cost of a two person or family plan with or without prescription or a combination thereof.
2) A full-time employee's contribution to the cost of health insurance shall be the difference between the cost of the plan the employee selects and the County's contribution to the cost. Contributions to the cost of health insurance for employees hired by the County on or after June 26, 1996, shall be as follows: The County's contribution toward the cost of health insurance, for full-time employees, shall be 80% of the mid cost individual plan with or without prescription or 80% of the mid cost two person or family plan with or without prescription or a combination thereof. A full-time employee's contribution to the cost of health insurance shall be the difference between the cost of the plan the employee selects and the County's contribution to the mid cost coverage. Employees who were employed prior to June 26, 1996 and who subsequently leave the employment of the County, and then who are re-employed by the County, shall be considered as employed after the agreement is ratified by the parties.
Xxxxxxxx Contributions. What is a rollover contribution?
Xxxxxxxx Contributions. Is a distribution from an ESA taxable if the distribution is contributed to another ESA?
