Common use of Employer Partially Funded Health Savings Accounts and Health Reimbursement Accounts Clause in Contracts

Employer Partially Funded Health Savings Accounts and Health Reimbursement Accounts. Subject to the requirements of the insurer and terms of the Plan Documents, employee may choose between a Health Savings Account (HSA) or Health Reimbursement Accounts (HRA). If an employee elects an HSA or HRA, this election shall constitute their election under Section 1.A., above. If an employee elects an HSA and/or HRA, the maximum annual deductible amounts shall be partially funded by the City, beginning in the first plan year, where the City will fund $1,500 per year for single plans (funded on a single annual payment basis on or before January 6, 2018 and each successive year while the employee is currently employed) and $3,000 per year for family plans (funded on a single annual payment basis on or before January 6, 2018 and each successive year while the employee is currently employed), until December 31, 2020. If an employee elects an HSA, the City will contribute the full amount of $1,500/single or $3,000/family for each plan year, funded on a single annual payment basis on or before January 6, 2018 and each successive year. If an employee elects an HRA, the $1,500/single or $3,000/family City funded amounts will be eligible for rollover in an amount not to exceed the annual maximum deductible. In all subsequent years after the 2007-2008 plan year, the City contribution for the HRA will be up to the above-referenced amounts and/or the annual maximum deductible; provided that, the City will not fund any amount exceeding the annual maximum deductible. The employee will be responsible for any taxes due that result from the City’s pre- funding of employee HSA accounts on January 1 of each year.

Employer Partially Funded Health Savings Accounts and Health Reimbursement Accounts. Subject to the requirements of the insurer and terms of the Plan Documents, employee may choose between a Health Savings Account (HSA) or Health Reimbursement Accounts (HRA). If an employee elects an HSA or HRA, this election shall constitute their election under Section 1.A., above. If an employee elects an HSA and/or HRA, the maximum annual deductible amounts shall be partially funded by the City, beginning in the first plan year, where the City will fund $1,500 per year for single plans (funded on a single annual payment basis on or before January 6, 2018 2018, and each successive year while the employee is currently employed) and $3,000 per year for family plans (funded on a single annual payment basis on or before January 6, 2018 2018, and each successive year while the employee is currently employed), until December 31, 2020. If an employee elects an HSA, the City will contribute the full amount of $1,500/single or $3,000/family for each plan year, funded on a single annual payment basis on or before January 6, 2018 2018, and each successive year. If an employee elects an HRA, the $1,500/single or $3,000/family City funded amounts will be eligible for rollover in an amount not to exceed the annual maximum deductible. In all subsequent years after the 2007-2008 2018 plan year, the City contribution for the HRA will be up to the above-referenced amounts and/or the annual maximum deductible; provided that, the City will not fund any amount exceeding the annual maximum deductible. The employee will be responsible for any taxes due that result from the City’s pre- funding of employee HSA accounts on or before January 1 6 of each year. The City shall increase the payments into the HSA/HRA throughout the year when an employee changes his or her status from single to family.

Employer Partially Funded Health Savings Accounts and Health Reimbursement Accounts. Subject to the requirements of the insurer and terms of the Plan Documents, an employee may choose between a Health Savings Account (HSA) or Health Reimbursement Accounts (HRA). If an employee elects an HSA or HRA, this election shall constitute their election under Section 1.A., above. If Effective January 1, 2024 through December 31, 2025, if an employee elects an HSA and/or HRA, the maximum annual deductible amounts shall be partially funded by the City, beginning in the first plan year, where the City will fund $1,500 per year for single plans (funded on a single annual payment basis on or before in January 6, 2018 and of each successive calendar year while the employee is currently employed) employed and $3,000 per year for family plans (funded on a single annual payment basis on or before in January 6, 2018 and of each successive calendar year while the employee is currently employed). Effective January 1, until December 312026, 2020. If if an employee elects an HSAHSA and/or HRA, the maximum annual deductible amounts shall be partially funded by the City, where the City will contribute the full amount of fund $1,500/1,500 for single or $3,000/family for each plan year, plans funded on a single annual payment basis in January of each calendar year while the employee is currently employed, and $3,000 per year for single + child(ren), single + spouse, and family plans (funded on or before a single annual payment basis in January 6, 2018 and of each successive yearcalendar year while the employee is currently employed. If an employee elects an HRA, the $1,500/single or $3,000/family City funded amounts will be eligible for rollover in an amount not to exceed the annual maximum deductible. In all subsequent years after the 2007-2008 plan year, the The City contribution for the HRA will be up to the above-referenced amounts and/or the annual maximum deductible; provided that, the City will not fund any amount exceeding the annual maximum deductible. The employee will be responsible for any taxes due that result from the City’s pre- pre-funding of employee HSA accounts on January 1 of each yearaccounts. The City shall increase the payments into the HSA/HRA throughout the year when an employee changes their status from single to family.

Employer Partially Funded Health Savings Accounts and Health Reimbursement Accounts. Subject to the requirements of the insurer and terms of the Plan Documents, employee may choose between a Health Savings Account (HSA) or Health Reimbursement Accounts (HRA). If an employee elects an HSA or HRA, this election shall constitute their election under Section 1.A., above. If an employee elects an HSA and/or HRA, the maximum annual deductible amounts shall be partially funded by the City, beginning in the first plan year, where the City will fund $1,500 per year for single plans (funded on a single annual payment basis on or before effective the first business day after January 61, 2018 and each successive year while the employee is currently employed) and $3,000 per year for family plans (funded on a single annual payment basis on or before effective the first business day after January 61, 2018 and each successive year while the employee is currently employed), until December 31, 2020. If an employee elects an HSA, the City will contribute the full amount of $1,500/single or $3,000/family for each plan year, funded on a single annual payment basis on or before effective the first business day after January 61, 2018 and each successive year. If an employee elects an HRA, the $1,500/single or $3,000/family City funded amounts will be eligible for rollover in an amount not to exceed the annual maximum deductible. In all subsequent years after the 2007-2008 2015 plan year, the City contribution for the HRA will be up to the above-referenced amounts and/or the annual maximum deductible; provided that, the City will not fund any amount exceeding the annual maximum deductible. The employee will be responsible for any taxes due that result from the City’s pre- funding of employee HSA accounts on the first business day following January 1 of each year. The City shall increase the payments into the HSA/HRA throughout the year when an employee changes his or her status from single to family. The City Manager, in his sole discretion, may opt to reopen this Agreement on the sole issue of timing of HSA/HRA contributions (Article 16, Section 1.B.) in lieu of the timing of contributions provided for in the third year of this Agreement. The City Manager will only trigger this reopener if the timing of HSA/HRA contributions will expose the City to penalties under the ACA. The reopening is only for the timing of the contributions, and will not affect the amount of the HSA/HRA contribution. Such notice of reopener must be given by the City at least sixty (60) days prior to February 1, 2017. The reopening of this Agreement as set forth herein shall invoke the dispute settlement procedure set forth in O.R.C. Section 4117.14. The results of the negotiation process or any settlement reached between the parties will become effective January 1, 2018. If the parties have not reached settlement and/or completed the dispute settlement procedure set forth herein by October 1, 2017, the parties agree that they will make a non-binding temporary adjustment to the timing of HSA/HRA contributions that will avoid penalties under the ACA, and such action will become effective January 1, 2018. The parties will then finalize the dispute settlement procedures set forth in O.R.C. Section 4117.14 with the results of the negotiation process or any settlement effective January 1, 2019.