Health Reimbursement Account means an employer-sponsored individual account established within the irrevocable trust and administered by the trustees into which a member and his or her employer contribute money to be used for the reimbursement of medical expenses.
Health Reimbursement Account. A Health Reimbursement Account (“HRA”) shall be made available for any employee enrolling in the HDHP who is precluded from participating in a Health Savings Account (“HSA”) because the employee receives Medicare and/or veterans’ medical benefits. The annual maximum reimbursement by the Board for employees participating in the HRA shall not exceed the dollar amount of the Board’s annual HSA contribution for employees enrolled in the HSA.
Health Reimbursement Account. A Health Reimbursement Account (“HRA”) shall be made available for any employee who is precluded from participating in a Health Savings Account (“HSA”) because the employee receives Medicare and/or veterans’ benefits. The annual maximum reimbursement by the Board for employees participating in the HRA shall not exceed the dollar amount of the Board’s annual HSA contribution for employees enrolled in the HSA. The Board shall have no responsibility for any administrative and/or monthly costs associated with the set-up and/or administration of the HRA. Premium Contributions: Eligible employees shall contribute the following premium contributions for the cost of HSA Plan: Effective July 1, 2022 Effective July 1, 2023 Effective July 1, 2024 Effective July 1, 2025 16.5% 17.0% 17.5% 18.0% The Patient Protection and Affordable Care Act ("PPACA"; Public Law 111- 148) has set forth and codified under the Internal Revenue Code (IRC) §4980I, or similar statute if amended, the imposition of an excise tax related to employer provided health insurance plans that exceed certain value thresholds. Should any Federal statute or regulation pertaining to IRC §4980I be mandated to take effect during the term of this Agreement, triggering the imposition of an excise tax, or similar if amended, with respect to any of the contractually agreed upon insurance plans offered herein, the parties agree to commence mid-term negotiations. During such mid-term negotiations, the parties will reopen the health insurance provisions of Article VI for the purpose of addressing the impact of the excise tax. No other provision of the contract shall be reopened during such mid-term negotiations. Employees shall be eligible to participate in a Flexible Spending Account for childcare expenses.
Examples of Health Reimbursement Account in a sentence
Each bargaining unit will conduct a vote to determine whether to participate in a Health Reimbursement Account (HRA) Voluntary Employee Benefits Association (VEBA) to provide post-retirement medical expense benefits to members who retire from City service.
The district will provide a Health Reimbursement Account for all eligible and participating employees that will be available to fund expenses relating to deductibles or co-pays under the plan.
Employees joining the City mid-year, eligible for health insurance coverage, will be placed in a similar High Deductible Consumer Driven Health Plan, but may be enrolled in a Health Reimbursement Account (HRA) or Health Savings Account (HSA) at the discretion of the City.
Employee may participate in the Health Reimbursement Account program offered under the District’s collective bargaining agreement with CCASAPE.
Note: If a patient/guarantor has a Health Savings Account (HSA), Health Reimbursement Account (HRA), Flexible Spending Account (FSA) or similar fund designated for family medical expenses, such individual is not eligible for financial assistance until such assets are exhausted.
More Definitions of Health Reimbursement Account
Health Reimbursement Account. A Health Reimbursement Account ("HRA") shall be made available for any administrator enrolling in the HDHP who is precluded from participating in a Health Savings Account ("HSA") because the administrator receives Medicare and/or veterans' medical benefits. The annual maximum reimbursement by the Board for administrator participating in the HRA shall not exceed the dollar amount of the Board's annual HSA contribution for administrators enrolled in the HSA. Each administrator shall pay the following percentage of the premiums for the HSA plan: 2019-20 2020-21 2021-22 13% 14% 16%
Health Reimbursement Account. A Health Reimbursement Account (“HRA”) shall be made available for any teacher enrolling in the HDHP who is precluded from participating in a Health Savings Account (“HSA”) because the teacher receives Medicare and/or veterans’ medical benefits. The annual maximum reimbursement by the Board for teachers participating in the HRA shall not exceed the dollar amount of the Board’s annual HSA contribution for teachers enrolled in the HSA. The Board and each teacher shall pay the following percentage of the premiums for the HDHP/HSA plan: 2018-19 2019-20 2020-21 Employee 13% 14% 16% Board 87% 86% 84%
Health Reimbursement Account means the notional bookkeeping account to which HRA Dollars (defined in Section 1.11) are allocated to each Participant to be used to reimburse Eligible Medical Expenses. The Health Reimbursement Account is maintained by the Plan Administrator for accounting purposes, and is not representative of any identifiable trust assets. No interest will be credited to or paid on amounts credited to the Participant account(s).
Health Reimbursement Account has the meaning set forth in Section 6.01.
Health Reimbursement Account. (HRA) Program” or “Program” means the State’s program found in subsection 110.12303(2)(a), F.S., that provides an account for deposit of “Reward Payments” to participants utilizing the Shared Savings Program.
Health Reimbursement Account means the bookkeeping account established for a Participant who elects to have any portion of his or her P-Plan benefit amount paid as a medical benefit in accordance with the provisions of Article 6 and the Health Reimbursement Ac- count Plan.
Health Reimbursement Account. A Health Reimbursement Account (“HRA”) shall be made available for any teacher who is precluded from participating in a Health Savings Account (“HSA”) because the teacher receives Medicare and/or veterans’ benefits. The annual maximum reimbursement by the Board for teachers participating in the HRA shall not exceed the dollar amount of the Board’s annual HSA contribution for teachers enrolled in the HSA. The Board shall have no responsibility for any administrative and/or monthly costs associated with the set-up and/or administration of the HRA. The insurance contribution for dental and medical insurance shall be the following, unless otherwise specified in the collective bargaining agreement. 2019-20 2020-21 2021-22 2022-23 17.5% 18.5% 19.5% 20.5% The Board shall have the right to self-insure for any of the insurance benefits described in this Article and/or to change administrators/carriers/plans for any of the insurance benefits, provided that the overall level of benefits, when considered as a whole, remains substantially equivalent to the overall level of benefits in effect immediately preceding any such change. The Board will adopt an Internal Revenue Code Section 125 which allows teachers to pay insurance contributions with pre-tax dollars.