Health Savings definition

Health Savings. The District contribution will be as follows: ● Single Policy o District contribution of $1,015 per year ● Family Policy o District contribution of $2,000 per year 15.
Sample 1
Health Savings. If the cost of the HSA High Deductible plan is lower than the highest policy choice available, then District contribution for the balance will be split as follows:  Single Policy o 50% of the difference will be deposited in the employee’s HSA; o 50% of the difference will be retained by the District.  Family Policy o 60% of the difference will be deposited in the employee’s HSA; o 40% of the difference will be retained by the District In the event the policy cost is greater than the District contribution, no contribution will be made to the employee’s HSA.
Sample 1Sample 2

Examples of Health Savings in a sentence

  • DPT employees shall receive Retirement Health Savings Plan contributions as set forth in Section 4209.

  • When the employer subsidy exceeds the monthly premium of a High Deductible Health plan (HSA plan), employees will receive the difference between the employer subsidy and the monthly premium in the form of an annual deposit to their Health Savings Account (HSA).

  • Option 2 – High Deductible Healthcare Plan with a $4,000 Deductible that also includes a Health Savings Account in which City contributes $2,000 to an HSA Account for Employees with Individual Coverage, and $4,000 to an HSA Account for Employees who select Employee/Spouse, Employee/Children, and Family Coverage.

  • For part time employees working half time or more, the County’s contribution to the Health Savings Account shall be prorated based on their part time status.

  • For full time employees enrolled in the Kaiser or Blue Shield High Deductible Health Plan, the County will annually contribute fifty percent (50%) of the cost of the deductible amount for the plan to a Health Savings Account.

  • The health coverage will be a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA).

  • Beginning with the 2017 plan year, active permanent full- time and active permanent part-time employees who are enrolled in the Kaiser High Deductible Health Plan may elect to enroll in a Health Savings Account (HSA).

  • The City will establish Retiree Health Savings Accounts pursuant to Internal Revenue Service Code Section 125 as soon as practicable.

  • The employer will provide access to a Retirement Health Savings (RHS) Plan pursuant to regulations set forth by the Internal Revenue Code that allows participant to accumulate assets tax-free to pay for medical expenses in retirement.

  • The parties agree to investigate the feasibility of adding by mutual agreement a High Deductible Health Plan (HDHP) with or without Health Savings Account (HSA) or Health Reimbursement Account (HRA) as an option to current health plans.

Related to Health Savings

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Health Service means a Local Health District constituted under section 8 of the Health Services Act 1997, a Statutory Health Corporation constituted under section 11 of that Act, and an Affiliated Health Organisation constituted under section 13 of that Act.

  • Group health plan means an employee welfare benefit plan as defined in section 3(1) of subtitle A of title I of the employee retirement income security act of 1974, Public Law 93-406, 29 USC 1002, to the extent that the plan provides medical care, including items and services paid for as medical care to employees or their dependents as defined under the terms of the plan directly or through insurance, reimbursement, or otherwise.

  • Health care plan means any contract, policy or other arrangement for benefits or services for medical or dental care or treatment under:

  • Health system means: (A) A parent corporation of one or more hospitals and any entity affiliated with such parent corporation through ownership, governance, membership or other means, or (B) a hospital and any entity affiliated with such hospital through ownership, governance, membership or other means;

  • Health services means, but shall not be limited to, examination, diagnosis, evaluation, treatment, pharmaceuticals, aftercare, habilitation or rehabilitation and mental health therapy of any kind, as well as payment or reimbursement for any such services.

  • Health service area or “HSA” refers to the distinct geographic regions described in Section 4.1.4 or the Vermont Blueprint for Health Manual.

  • Health plan or "health benefit plan" means any policy,

  • Health benefits plan means a benefits plan which pays or

  • 401(k) Plan has the meaning set forth in Section 6.10.

  • Mental health services means interventions designed to provide the maximum reduction of mental disability and restoration or maintenance of functioning consistent with the requirements for learning, development and enhanced self-sufficiency. Services shall include:

  • Home health services means part-time or intermittent skilled nursing services, other therapeutic services (physical therapy, occupational therapy, speech therapy), and home health aide services made available on a visiting basis in a place of residence used as the client's home.

  • Behavioral health services means mental health services as

  • Basic health benefit plan means any plan offered to an individual, a small group,