HSA funding definition

HSA funding. The District shall establish and contribute the first quarterly payment to HSAs at least fifteen (15) calendar days prior to July 1st in year 1 for all HSA-Eligible Employees and retirees. The District shall contribute the maximum allowable IRS determined contribution each year for each HSA-Eligible Employee or retiree in four equal quarterly payments. If any HSA eligible employee or a dependent incurs claims exceeding their quarterly HSA contribution, the District agrees to, upon the submission of the claims incurred by the employee or dependent, advance future HSA contributions sufficient to cover the incurred claim, but not to exceed the District annual maximum HSA contribution. If an HSA-Eligible employee or retiree enters the Plan as a participant on a date after the first day of the Plan year, the employee shall receive a pro-rated contribution. However, if an HSA eligible employee or a dependent incurs claims exceeding their pro-rated amount the District will fund the full HSA amount to the employee upon submission of the claims incurred by the employee or a dependent. Funding Trigger: If any HSA or HRA eligible employee or a dependent incurs claims reducing their quarterly HSA or HRA balance to less than $150.00, the District agrees to advance the next quarter’s HSA or HRA contribution, upon submission of claim(s) and form to the District Office, but not to exceed the District’s annual maximum HSA or HRA contribution or the IRS annual maximum. Health Reimbursement Account (HRA) eligibility: If a person covered by the employee’s family plan is not eligible to participate in the employee’s HSA, the parties agree the employee shall forego an HSA and the District will open an HRA for the employee funded by the District at the same levels as an HSA for other employees. The employee or retiree shall submit their receipts for incurred and paid expenses directly to the District for reimbursement. Reimbursements shall be made within thirty (30) calendar days of receipt. HRA funds shall carry forward into successive plan years. Administrative Fee: Administrative fees allocable to individual HSAs of active employees who are participants in the Plan shall be paid by the District. Administrative fees allocable to individual HSAs of active employees who have accrued a balance in their HSAs but are not longer eligible to contribute to the HSA shall be paid by the District. Administrative fees allocable to the individual HSAs of former employees shall be paid by t...
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Examples of HSA funding in a sentence

  • The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of high deductible health plan coverage (i.e., single or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year.

  • If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free HSA funding distribution from your IRA and directly deposit it to your HSA.

  • If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free qualified HSA funding distribution from your IRA and directly deposit it to your HSA.

  • You must irrevocably elect to treat such distribution as a qualified HSA funding distribution.

  • If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free qualified HSA funding distribution from your Roth IRA and directly deposit it to your HSA.

  • This transfer, which is referred to as a qualified HSA funding distribution, is subject to HSA contribution limits.

  • For assistance in determining to what extent you may be eligible to make a qualified HSA funding distribution, consult your tax advisor.

  • Generally, you are limited to one qualified HSA funding distribution from any of your Traditional or Xxxx IRAs during your lifetime.

  • If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one‐time tax‐free qualified HSA funding distribution from your IRA and directly deposit it to your HSA.

  • A qualified HSA funding distribution election is irrevocable and is generally available once in your lifetime.

Related to HSA funding

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Project Funding means the funding for the Services;

  • Funding means the amounts of money provided by the LHIN to the HSP in each Funding Year of this Agreement;

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Table funding means a settlement at which a mortgage loan is funded by a contemporaneous advance of loan funds and an assignment of the loan to the person advancing the funds.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Additional Funding has the meaning prescribed to that term in clause 4.3 of this Agreement.

  • student loan means a loan towards a student’s maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student’s bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Broken Funding Costs means for any Purchaser Interest which: (i) has its Capital reduced without compliance by Seller with the notice requirements hereunder or (ii) does not become subject to an Aggregate Reduction following the delivery of any Reduction Notice or (iii) is assigned under Article XIII or terminated prior to the date on which it was originally scheduled to end; an amount equal to the excess, if any, of (A) the CP Costs or Yield (as applicable) that would have accrued during the remainder of the Tranche Periods or the tranche periods for Commercial Paper determined by the Agent to relate to such Purchaser Interest (as applicable) subsequent to the date of such reduction, assignment or termination (or in respect of clause (ii) above, the date such Aggregate Reduction was designated to occur pursuant to the Reduction Notice) of the Capital of such Purchaser Interest if such reduction, assignment or termination had not occurred or such Reduction Notice had not been delivered, over (B) the sum of (x) to the extent all or a portion of such Capital is allocated to another Purchaser Interest, the amount of CP Costs or Yield actually accrued during the remainder of such period on such Capital for the new Purchaser Interest, and (y) to the extent such Capital is not allocated to another Purchaser Interest, the income, if any, actually received during the remainder of such period by the holder of such Purchaser Interest from investing the portion of such Capital not so allocated. In the event that the amount referred to in clause (B) exceeds the amount referred to in clause (A), the relevant Purchaser or Purchasers agree to pay to Seller the amount of such excess. All Broken Funding Costs shall be due and payable hereunder upon demand.

  • Construction Funding Subsidy or “CFS” means the funding that the MOHLTC agreed to provide, or to ensure the provision of, to the HSP, in an agreement for the construction, development, redevelopment, retrofitting or upgrading of beds (a “Development Agreement”).

  • Funding Cycle means the period of time commencing with the Notice of Funding Availability or Notice of Credit Availability pursuant to this rule chapter and concluding with the issuance of allocations or loans to Applicants who applied during a given Application Period.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Intercollegiate sport means a sport played at the collegiate level for which eligibility requirements for participation by a student athlete are established by a national association for the promotion or regulation of collegiate athletics.

  • Project Funding Agreement means an agreement in the form of Schedule E that incorporates the terms of this Agreement and enables the Funder to provide one-time or short term funding for a specific project or service that is not already described in the Schedules;

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.