health spending account definition

health spending account means a private health services plan as defined by the Income Tax Act (Canada);
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health spending account. HSA - is an Employee Benefit - whereby an "Account" - made up of a fixed sum of money per Employee / Year - is set up - from which the Employee may draw .....
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health spending account. HSA: A Health Spending Account will be implemented commencing Apr 1/10 as follows: • Apr 1/10 - “HSA” = $250 Yr Full-Time / $125 Yr Part-Time - Employer Paid. • Apr 1/11 - “HSA” = $500 Yr Full-Time / $250 Yr Part-Time - Employer Paid. HSA Eligibility - In order to be eligible for HSA coverage - Employee must be enrolled in the “Extended Health Care Plan” - “Enhanced” Plan. Full-Time (FT) HSA Coverage - will apply to Employees who are paid 1,500-hours or more per calendar year at straight time rates of pay. Part-Time (PT) HSA Coverage - will apply to Employees who are paid less than1, 500-hours per calendar year at straight time rates of pay. Year - will be defined as the period January 1 to December 31. In the subsequent Year, HSA coverage (FT or PT) will be based on the Employee’s regular paid hours (excluding OT) in the previous Year. HSA Coverage / New Employees / Hired on or after Apr 1/10 (commencement date of HSA) - All new Employees hired on or after Apr 1/10 will commence HSA coverage following 1-Year of participation in the “Enhanced” Extended Health Care Plan. A “Health Spending Account” - HSA - is an Employee Benefit - whereby an “Account” - made up of a fixed sum of money per Employee / Year - is set up - from which the Employee may draw:
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Examples of health spending account in a sentence

  • The Health Spending Account (HSA) will remain active for the duration of parental leave but no further credits will be contributed to the HSA during this time.

  • Effective April 1, 2010, a Health Spending Account (HSA) shall be made available for eligible nurses.

  • A Health Spending Account will be provided in accordance with the terms and conditions of the HEB Manitoba plan.

  • A Health Spending Account (HSA) shall be made available for eligible nurses.

  • These Benefits programs include the Ambulance & Hospital Semi-Private (AHSP), Dental, Vision, Prescription Drugs, Extended Health, Travel Health, Long-Term Disability (LTD) plans and Health Spending Account and nurses will be "grandparented" to those plans for the duration of their employment.

  • A continuous employee hired after the first working day in the calendar year, will be eligible for the Health Spending Account on the first calendar day of the month following their date of hire.

  • An employee hired after the first working day in the calendar year, will be eligible for the Health Spending Account on the first calendar day of the month following their date of hire.

  • Health Spending Account (HSA) is used to reimburse for eligible medical and dental expenses beyond those covered by our Health Care Plan.

  • Health Spending Account: Annual $750 allowance for expenditure on Canada Revenue Agency eligible medical expenses.

  • The Employer will deposit the Health and Welfare in-lieu allowance from the previous month, in accordance with the provisions of Clause 31.5 of the collective agreement, into the employee's individual Health Spending Account each pay period (also referred to as HSA credits).


More Definitions of health spending account

health spending account. HSA:  A Health Spending Account will be implemented commencing Apr 1/10 as follows:  Apr 1/10 - "HSA" = $250 Yr Full-Time / $125 Yr Part-Time - Employer Paid.  Apr 1/11 - "HSA" = $500 Yr Full-Time / $250 Yr Part-Time - Employer Paid.  HSA Eligibility - In order to be eligible for HSA coverage - Employee must be enrolled in the "Extended Health Care Plan" - "Enhanced" Plan.  Full-Time (FT) HSA Coverage - will apply to Employees who are paid 1,500-hours or more per calendar year at straight time rates of pay.  Part-Time (PT) HSA Coverage - will apply to Employees who are paid less than 1,500 hours per calendar year at straight time rates of pay.  Year - will be defined as the period January 1 to December 31.  In the subsequent Year, HSA coverage (FT or PT) will be based on the Employee's regular paid hours (excluding OT) in the previous Year.  HSA Coverage / New Employees / Hired on or after Apr 1/10 (commencement date of HSA) - All new Employees hired on or after Apr 1/10 will commence HSA coverage following 1-Year of participation in the "Enhanced" Extended Health Care Plan.
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health spending account means a private health services plan as defined by the
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Related to health spending account

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

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

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

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

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Holding Account means an account:

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Consumer account means an account established primarily for personal, family, or household use.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Company Account means the bank or/and electronic Account of the Company, and the Company Account in the Processing Center.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).