Examples of Health Savings in a sentence
The Plan permits contributions to be made to a Health Savings Account on a pretax basis in accordance with Section X of the Plan and the following provisions: HSA Trustee – Bank of America Maximum Contribution – indexed annually by the IRS.
If elected by the Employer in Section F.8 of the Adoption Agreement, the Plan will permit pre-tax contributions to the Health Savings Account, and the provisions of this Article X shall apply.
In the event that employees elect to receive vision and/or dental insurance, those premiums will be added to the medical premiums in the calculation for contributions to the employee’s Health Savings Account.
A Participant can elect benefits under the Health Savings Accounts portion of this Plan by electing to pay his or her Health Savings Account contributions on a pre-tax salary reduction basis.
It is the intent of the Employer that the establishment of Health Savings Accounts are completely voluntary on the part of Participants, and that, in accordance with Department of Labor Field Assistance Bulletin 2004-1, the Health Savings Accounts are not “employee welfare benefit plans” for purposes of Title I of ERISA.
Effective with the 2021-22 contract year, the Board will not process employee contributions into employees’ Health Savings Accounts on a pre-tax basis, unless the Board and the Association mutually agree otherwise.
Health Reimbursement Account: A Health Reimbursement Account (“HRA”) shall be made available for any nurse who is precluded from participating in a Health Savings Account (“HSA”) because the nurse receives Medicare and/or veterans’ benefits.
Limitation on Eligible Medical Expenses – For purposes of the Medical Reimbursement Plan, Eligible Medical Expenses of a Participant that is eligible for and elects to participate in a Health Savings Account shall be limited to expenses for: Dental and Vision Eligibility Requirements for Participation, if different than Item C.
Any employee contributions for the health care premiums shall be made through the district's Health Savings Account.
If the Employer has elected in Section F.8 of the Adoption Agreement both Health Savings Accounts under this Plan and the Medical Expense Reimbursement Plan, then the Eligible Medical Expenses that may be reimbursed under the Medical Reimbursement Plan for Participants who are eligible for and elect to participate in Health Savings Accounts shall be limited as set forth in Section F.8 of the Adoption Agreement.