Health Savings Account definition

Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

Health Savings Account or “HSA” shall mean a “health savings account” as defined in Section 223 of the Code.

Health Savings Account or "HSA" means a trust created or organized in the United States as a health savings account exclusively for the purpose of paying the HSA Qualified Medical Expenses of the account beneficiary, the account beneficiary's spouse, and the account beneficiary's dependents (as defined in Code Section 152, determined without regard to subsections (b)(l), (b)(2), and (d)(l)(B) thereof) that meets the requirements of Code Section 223(d) and that is recognized by the Plan Administrator, in its sole discretion, as eligible to receive contributions under the Plan.

Examples of Health Savings Account in a sentence

• Please contact the Health Savings Account trustee or administrator regarding questions about requirements for Health Savings Accounts.

• In addition, eligible, enrolled subscribers shall have the option to earn an annual one hundred twenty-five dollars ($125.00) or more wellness incentive in the form of reduction in deductible or deposit into the Health Savings Account upon successful completion of required Smart Health Program activities.

• Eligible, enrolled subscribers shall have the option to earn an annual one hundred twenty-five dollars ($125.00) or more wellness incentive in the form of reduction in deductible or deposit into the Health Savings Account upon successful completion of required Smart Health Program activities.

• These rules on change due to cost or coverage do not apply to the Health Flexible Spending Account, and you may not change your election to the Health Flexible Spending Account if you make a change due to cost or coverage for insurance or if you decide to participate in the Health Savings Account.

• However, with respect to the Health Savings Account, you may modify or revoke your elections without having to have a change in status.

More Definitions of Health Savings Account

Health Savings Account means a health savings account, as defined in Code Section 223(d).

Health Savings Account or “HSA” means a tax-exempt trust or custodial account under Section 223 of the Code that is established with a qualified HSA trustee or custodian.

Health Savings Account means a health savings account described in 26 USC 223.

Health Savings Account or "account" means a trust or custodian established in this state pursuant to a health savings account program exclusively to pay the qualified medical expenses of an eligible individual or their dependents, but only if the written governing instrument creating the account meets the following requirements:

Health Savings Account or “HSA” means the tax-exempt trust or custodial account established in accordance with Section 223 of the Code to permit eligible participants to receive tax-favored contributions exclusively for the purpose of paying or reimbursing qualified medical expenses.

Health Savings Account or “HSA” means an Internal Revenue Code Section 223 Account under which a Participant is covered, which is used to pay medical expenses eligible under the HSA. Such Accounts are established and maintained outside of the Plan with an HSA trustee/custodian.

Health Savings Account or "HSA" means a trust created or organized in the United States as a health savings account exclusively for the purpose of paying the qualified medical expenses of the account beneficiary that meets the requirements of Code Section 223(d) and that is recognized by the Plan Administrator, in its sole discretion, as eligible to receive salary reduction contributions.