Health Reimbursement Account means an employer-sponsored individual account established within the irrevocable trust and administered by the trustees into which a member and his or her employer contribute money to be used for the reimbursement of medical expenses.
Health Reimbursement Account. A Health Reimbursement Account (“HRA”) shall be made available for any employee enrolling in the HDHP who is precluded from participating in a Health Savings Account (“HSA”) because the employee receives Medicare and/or veterans’ medical benefits. The annual maximum reimbursement by the Board for employees participating in the HRA shall not exceed the dollar amount of the Board’s annual HSA contribution for employees enrolled in the HSA.
Health Reimbursement Account. A Health Reimbursement Account (“HRA”) shall be made available for any employee who is precluded from participating in a Health Savings Account (“HSA”) because the employee receives Medicare and/or veterans’ benefits. The annual maximum reimbursement by the Board for employees participating in the HRA shall not exceed the dollar amount of the Board’s annual HSA contribution for employees enrolled in the HSA. The Board shall have no responsibility for any administrative and/or monthly costs associated with the set-up and/or administration of the HRA. Premium Contributions: Eligible employees shall contribute the following premium contributions for the cost of HSA Plan: Effective and Retroactive to July 1, 2018 Effective July 1, 2019 Effective July 1, 2020 Effective July 1, 2021 Effective July 1, 2022 OAP $30 18% N/A N/A N/A N/A OAP $20 15% N/A N/A N/A N/A HSA 12% 13% 13.5% 14.0% 14.5% The Board has adopted an Internal Revenue Code Section 125 Plan which allows employees to pay the above contribution with pre-tax dollars. The Patient Protection and Affordable Care Act ("PPACA"; Public Law 111-148) has set forth and codified under the Internal Revenue Code (IRC) §4980I, or similar statute if amended, the imposition of an excise tax related to employer provided health insurance plans that exceed certain value thresholds. Should any Federal statute or regulation pertaining to IRC §4980I be mandated to take effect during the term of this Agreement, triggering the imposition of an excise tax, or similar if amended, with respect to any of the contractually agreed upon insurance plans offered herein, the parties agree to commence mid-term negotiations. During such mid-term negotiations, the parties will reopen the health insurance provisions of Article XVII for the purpose of addressing the impact of the excise tax. No other provision of the contract shall be reopened during such mid-term negotiations. The Board reserves the right to change health insurance plans to a plan that is the same or similar to the plans currently provided, with same or similar being defined as the benefits arrangements provided by an alternative health insurance benefit carrier being such that the size of the network offered must be 80% of that currently offered with similar geographic patterns. The following will be excluded in determining whether a plan is similar or not: out- of-state reciprocal arrangements for routine care (non-emergencies), except that at least one plan option shall...
Examples of Health Reimbursement Account in a sentence
Each bargaining unit will conduct a vote to determine whether to participate in a Health Reimbursement Account (HRA) Voluntary Employee Benefits Association (VEBA) to provide post-retirement medical expense benefits to members who retire from City service.
The district will provide a Health Reimbursement Account for all eligible and participating employees that will be available to fund expenses relating to deductibles or co-pays under the plan.
Employees joining the City mid-year, eligible for health insurance coverage, will be placed in a similar High Deductible Consumer Driven Health Plan, but may be enrolled in a Health Reimbursement Account (HRA) or Health Savings Account (HSA) at the discretion of the City.
Employee may participate in the Health Reimbursement Account program offered under the District’s collective bargaining agreement with CCASAPE.
Note: If a patient/guarantor has a Health Savings Account (HSA), Health Reimbursement Account (HRA), Flexible Spending Account (FSA) or similar fund designated for family medical expenses, such individual is not eligible for financial assistance until such assets are exhausted.
More Definitions of Health Reimbursement Account
Health Reimbursement Account. A Health Reimbursement Account ("HRA") shall be made available for any administrator enrolling in the HDHP who is precluded from participating in a Health Savings Account ("HSA") because the administrator receives Medicare and/or veterans' medical benefits. The annual maximum reimbursement by the Board for administrator participating in the HRA shall not exceed the dollar amount of the Board's annual HSA contribution for administrators enrolled in the HSA. Each administrator shall pay the following percentage of the premiums for the HSA plan: 2019-20 2020-21 2021-22 13% 14% 16%
Health Reimbursement Account. A Health Reimbursement Account (“HRA”) shall be made available for any teacher enrolling in the HDHP who is precluded from participating in a Health Savings Account (“HSA”) because the teacher receives Medicare and/or veterans’ medical benefits. The annual maximum reimbursement by the Board for teachers participating in the HRA shall not exceed the dollar amount of the Board’s annual HSA contribution for teachers enrolled in the HSA. The Board and each teacher shall pay the following percentage of the premiums for the HDHP/HSA plan: 2018-19 2019-20 2020-21 Employee 13% 14% 16% Board 87% 86% 84%
Health Reimbursement Account means the notional bookkeeping account to which HRA Dollars (defined in Section 1.11) are allocated to each Participant to be used to reimburse Eligible Medical Expenses. The Health Reimbursement Account is maintained by the Plan Administrator for accounting purposes, and is not representative of any identifiable trust assets. No interest will be credited to or paid on amounts credited to the Participant account(s).
Health Reimbursement Account has the meaning set forth in Section 6.01.
Health Reimbursement Account means the notional bookkeeping account (except as otherwise set forth herein or in the SPD) to which HRA Dollars (as defined in 1.14 herein) are allocated to each Participant to be used for reimbursement of Eligible Medical Expenses. No money shall actually be allocated to any individual Participant Account(s); any such Account(s) shall be of a memorandum nature, maintained by the Plan Administrator for accounting purposes, and shall not be representative of any identifiable trust assets. No interest will be credited to or paid on amounts credited to the Participant Account(s).
Health Reimbursement Account. (HRA) Program” or “Program” means the State’s program found in subsection 110.12303(2)(a), F.S., that provides an account for deposit of “Reward Payments” to participants utilizing the Shared Savings Program.
Health Reimbursement Account means the bookkeeping account established for a Participant who elects to have any portion of his or her P-Plan benefit amount paid as a medical benefit in accordance with the provisions of Article 6 and the Health Reimbursement Ac- count Plan.