HC Account definition

HC Account means “health care account” and is the record keeping account established under the Plan for each Participant.
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HC Account means “health care account” and is the record keeping account established by the Plan for each Participant.
Sample 1

Examples of HC Account in a sentence

  • If a Participant’s claim is for an amount that is more than the Participant’s current HC Account balance, the excess, unreimbursed part of the claim will be carried into the subsequent month(s), to be paid as the balance of the Participant’s HC Account becomes adequate.

  • Access to your HC Account is only available in the event such access is offered and selected as an alternative to any continuation coverage that may otherwise be available.

  • However, the balance of the Participant’s HC Account will be preserved for use in subsequent Plan Years.

  • The maximum reimbursement a Participant may receive at any time shall be the amount of the Participant’s HC Account balance at the time the reimbursement request is processed.

  • A Participant’s interest in his/her HC Account shall vest as provided in the Adoption Agreement.

  • In addition, the portion of the Participant’s HC Account that is not vested shall be forfeited upon the Participant’s termination of employment.

  • A Participant’s HC Account will be decreased from time to time in the amount of payments made to the Participant for Eligible Expenses.

  • Notwithstanding the forgoing, a Participant’s HC Account shall also be forfeited if: (i) the balance of the HC account is less than $25, (ii) no further contributions shall be made to the HC Account, and (iii) no claim has been submitted by the Participant for a period of six (6) months.

  • Notwithstanding anything herein to the contrary, the deceased Participant’s surviving Spouse, if any, may continue to access the Participant’s HC Account for purposes of obtaining reimbursement of Eligible Expenses until the earlier of: (1) the date on which the HC Account balance reaches zero; or (2) the date on which the surviving Spouse dies.

  • Notwithstanding the foregoing, if a Participant with an HC Account balance is rehired by the Adopting Employer after having terminated employment, then any Eligible Expenses incurred by the Participant (or the Participant’s Spouse or Dependents) during the Participant’s period of reemployment by the Adopting Employer shall not be eligible for reimbursement under the Plan.

Related to HC Account

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Investment Account As defined in Section 3.12(a).

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Separate Accounts means the accounts which are to be prepared for each

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Regular account means the account established for each active and inactive member un-

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.