Health Savings definition

Health Savings. The District contribution will be as follows: ● Single Policy o District contribution of $1,015 per year ● Family Policy o District contribution of $2,000 per year
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Health Savings. If the cost of the HSA High Deductible plan is lower than the highest policy choice available, then District contribution for the balance will be split as follows:  Single Policy o 50% of the difference will be deposited in the employee’s HSA; o 50% of the difference will be retained by the District.  Family Policy o 60% of the difference will be deposited in the employee’s HSA; o 40% of the difference will be retained by the District In the event the policy cost is greater than the District contribution, no contribution will be made to the employee’s HSA.
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Examples of Health Savings in a sentence

  • Employees will also have the option of enrolling in a Health Savings Account (HSA) when a qualifying High Deductible Health Plan (HDHP) is selected for medical insurance.

  • Employees hired on or after January 1, 2025 will have 40 the choice between the Co-Pay Plan or the Plus Plan, or the high deductible health plan (the 41 “HDHP”)HDHP with a Health Savings Account HSA/HRA-VEBA.

  • On August 1, 2013, the Authority established a Retirement Health Savings plan (RHS) for all employees hired after March 31, 2013.

  • For employees who enroll and remain in a High Deductible Plan, the Township will also offer a Health Savings Account in the name of the employee, to be used by the employee to dedicate a portion of their annual salary, currently on a tax-exempt basis and/or as provided by Federal Law, toward eligible medical expenses as also determined by Federal Law.

  • Teachers who have a Health Savings Account are only eligible for Section 125 child care expenses.

  • The maximum amounts and use of the Health Savings Account will be as permitted under Federal Law.

  • For further detailed information, you may wish to obtain IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.

  • FLEXIBLE BENEFIT PLAN (Health Savings Account) Allows an employee to pay for out-of-pocket medical expenses and/or child/elder dependent care with pre-tax dollars.

  • The plan qualifies for a Health Savings Account that the employee can fund.

  • If you will be using your Visa® debit card to access a Health Savings Account (HSA), portions of this Agreement governed by Regulation E will not apply.

Related to Health Savings

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Health Service means a Local Health District constituted under section 8 of the Health Services Act 1997, a Statutory Health Corporation constituted under section 11 of that Act, and an Affiliated Health Organisation constituted under section 13 of that Act.

  • Group health plan means an employee welfare benefit plan as defined in section 3(1) of subtitle A of title I of the employee retirement income security act of 1974, Public Law 93-406, 29 USC 1002, to the extent that the plan provides medical care, including items and services paid for as medical care to employees or their dependents as defined under the terms of the plan directly or through insurance, reimbursement, or otherwise.

  • Health care plan means any contract, policy or other arrangement for benefits or services for medical or dental care or treatment under:

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Health services means, but shall not be limited to, examination, diagnosis, evaluation, treatment, pharmaceuticals, aftercare, habilitation or rehabilitation and mental health therapy of any kind, as well as payment or reimbursement for any such services.

  • Health plan or "health benefit plan" means any policy,

  • Health screening means the use of one or more diagnostic tools to test a person for the presence or precursors of a particular disease.

  • Basic health plan means the plan described under chapter

  • Health benefits plan means a benefits plan which pays or

  • School health services means health services provided by a qualified school nurse or other qualified person that are designed to enable a child with a disability to receive FAPE as described in the child’s IEP.

  • 401(k) Plan shall have the meaning set forth in Section 6.3(a).

  • Mental health services means interventions designed to provide the maximum reduction of mental disability and restoration or maintenance of functioning consistent with the requirements for learning, development and enhanced self-sufficiency. Services shall include:

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Home health services means part-time or intermittent skilled nursing services, other therapeutic services (physical therapy, occupational therapy, speech therapy), and home health aide services made available on a visiting basis in a place of residence used as the client's home.

  • Behavioral health services means mental health services as

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Home health aide means an individual employed by a home health agency to provide home health services under the direction of a registered nurse or therapist.