HSA Contributions definition

HSA Contributions. Single coverage: the BOARD will make an annual contribution of $500 in the HSA. Additionally, the BOARD will make matching contributions up to $250 in all three years (FY23-FY25) if the staff member contributes a matching amount to the HSA. For an employee with family or employee+kid’s coverage, the BOARD will make an annual contribution of $1,000 in the HSA. Additionally, the BOARD will make matching contributions up to $500 in all three years (FY23-FY25) if the staff member contributes a matching amount to the HSA. Board contributions to HSA accounts will be paid as follows: fifty percent (50%) with the first pay in January, and fifty percent (50%) with the first pay in August. The matching contributions will be paid at the same rate as the employee-elected deductions, until the maximum BOARD contribution has been met.
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HSA Contributions means pre-tax contributions towards an HSA under this
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HSA Contributions has the meaning set forth in Section 7.10.
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Examples of HSA Contributions in a sentence

  • HSA Contributions In addition, the City will deposit annually into employee’s HSA plans $1,200 for an individual plan, $2,500 for a 2-party plan and $2,300 for a family plan.

  • Minimum Board HSA Contributions will be spread out over the course of 26/27 paychecks per year.

  • EMPLOYEE BOARD PERCENTAGE TIERS PAID The Board shall make the following HSA contribution for eligible employees: 2017-2018 two (2) HSA Contributions, the first will be deposited in a lump sum in July 2017, the second will be deposited in January 2018 for a total of either $3,600 single or $5,000 employee+, spanning two (2) plan years.

  • Accrued Unpaid HSA Contributions (July 2021-December 2021): $3,600.00 The Company shall remain liable and responsible to pay the foregoing amounts to Employee as soon as possible, including any applicable employer state and federal tax obligations and/or employer contributions with respect thereto.

  • If it shall be determined as a result of any audit that Buyer has not been utilizing all of the HSA Contribution (as defined in Section 11 below) in the manner required by this Agreement, then HSA shall be entitled to a credit against the next HSA Contribution(s), until such credit has been fully exhausted, in an amount equal to the deficiency discovered by HSA.

  • If you are married, your spouse will also be ineligible to make HSA Contributions.

  • HSA Contributions provided by the Employer are calculated as 50% of the deductible for the employee’s medical plan.

  • HSA Contributions shall be $500 for single plans and $1,000 for family plans.

  • New Insurance Deduction p.1037 Oct.'10 Discontinue H.S.A. Contributions to employee accts.

  • HSA Contributions per plan year: Group 2022 2023 2024 EE Only $300 $300 $300 EE + Dependent(s) $800 $800 $800 The Employer will pay the entire amount of its contributions to HSAs in the first full pay period in January in 2022, 2023 and 2024.


More Definitions of HSA Contributions

HSA Contributions means the contribution amount elected by the Participant to contribute to the Participant’s HSA under a Compensation Reduction Agreement. In no event shall the amount elected exceed the statutory maximum amount for HSA Contributions applicable to the Participant’s High Deductible Health Plan coverage for the calendar year in which the HSA
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Related to HSA Contributions

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Member contributions means all amounts paid to ASRS by a member.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.