Common use of A Health Care Spending Account Clause in Contracts

A Health Care Spending Account. (HCSA) will be provided for all Continuing and Sessional employees for the purposes of reimbursement of medical expenses not otherwise covered by the Benefit Plans. Eligible expenses include expenses that qualify for the medical expense tax credit, as defined by the Income Tax Act (Canada) and its Regulations. Each member will be allocated $475 per calendar year (for family coverage) or $250 per calendar year (for single coverage) for their HCSA. Effective for the 2019 calendar year and thereafter, each member will be allocated $525 per calendar year (for family coverage) or $300 per calendar year (for single coverage) for their HCSA. Unused funds from the HCSA may be carried forward one calendar year, but not beyond. HCSA allocations remaining unused at the end of the second calendar year will be forfeited.