Health Savings Account. (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. HOSPITAL means a facility: • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).
Health Savings Account. A Health Savings Account (HSA) is a tax preferred account that you agree: a) you are eligible to open and maintain, b) to notify us when you are no longer eligible to maintain, c) will be used for contributions, withdrawals, and earnings for qualified medical expenses or as allowed by law, and d) you will execute and comply with the terms and conditions in the Health Savings Account Trust or Custodial Agreement. Consult your tax advisor about the tax treatment of contributions, withdrawals and earnings.
Health Savings Account. (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made.
Health Savings Account. Without limiting the generality of Section 2.05, Section 2.06 and Section 14.01 and subject to Section 16.09, Honeywell and SpinCo shall use commercially reasonable efforts to cooperate in administering any Honeywell Health Savings Account in connection with the Distribution in accordance with the terms of the applicable Honeywell Benefit Plan, including by exchanging any necessary participant records and engaging recordkeepers, administrators, providers, insurers and other third parties.
Health Savings Account. If you will be using your debit card to access a Health Savings Account (HSA), portions of this Agreement governed by Regulation E will not apply. A HSA account is defined by the IRS as a trust account, and therefore is not covered under Reg E. But portions of this Agreement such as Visa “0” liability for unauthorized use for example, do apply. Funds to cover your card purchases will be deducted from your share draft account. You may use your card and personal identification number (PIN) in ATMs of the Credit Union, MasterCard, NYCE, and Co-Op networks, and such other machines or facilities as the Credit Union may designate. At the present time, you may also use your card to: - Withdraw funds from your share draft accounts. - Obtain balance information for your share and share draft accounts. - Make point-of-sale (POS) transactions with your card and personal identification number (PIN) to purchase goods or services at merchants that accept MasterCard. - Order goods or services by mail or telephone from places that accept MasterCard. The following limitations on Health Savings Account transactions may apply: - You may make 20 Health Savings Account purchases per day. - Purchase amounts are limited to the amount in your account. - You may purchase up to a maximum of $1,500.00 per day. - You may make 20 cash withdrawals in any one (1) day from an ATM machine. - You may withdraw up to a maximum of $500.00 in any one (1) day from an ATM machine, if there are sufficient funds in your account. - You may make 20 POS transactions in any one (1) day. - You may purchase up to a maximum of $1,500.00 from POS terminals per day, if there are sufficient funds in your account. - See Section 2 for transfer limitations that may apply to these transactions.
Health Savings Account. For employees who are enrolled in a Health Savings Account (HSA)-Qualified High- Deductible Health Plan (HDHP), the County will contribute $700 per year for Employee Only and $1,400 per year for Employee plus dependent(s) to an HSA. Funds will be deposited through the County’s payroll process and sent directly to the County’s approved third party administrator (TPA), prorated over 26 pay periods. Employees can elect to make additional HSA contributions up to the IRS total combined (employer and employee contributions) HSA maximum contributions for single or family coverage. It is recommended that individuals limit the combined HSA contribution to stay within IRS requirements for prorating based on a partial calendar year HDHP enrollment in order to avoid tax penalties. Employees who are not enrolled in an HSA-Qualified HDHP or who participate in a flexible spending account as provided in Section 2.8 are not eligible for participation in an HSA under this section.
Health Savings Account. The school corporation will provide voluntary payroll deductions to the approved corporation vendor for employees on the corporation provided high deductible insurance plan.
Health Savings Account. 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). Employees may contribute up to the maximum annual contribution rate for HSAs as set forth in the United States Internal Revenue Code. Funds contributed to the HSA are invested as directed by the employee. The County does not provide any recommendations or advice on investment or use of HSA funds. Employees are responsible for paying any HSA account management fees charged by the HSA administrator. The County does not manage or administer the HSA. The HSA is not available to temporary or permanent- intermittent employees.
Health Savings Account. If you enroll in the HSA medical plan, you have the opportunity to open a Health Savings Account (HSA), a tax-free account that you can use to pay for eligible healthcare expenses now and in the future. To help you get started saving, USG will match your contributions to your HSA up to a pre-determined amount (see xxx.xxx.xxx/xx/xxxxxxxx for current amounts).You can use this account to pay for eligible out-of-pocket healthcare expenses including hospitalization, physician care, prescription drugs, dental, and vision. You can also contribute additional tax-free funds, up to IRS limits, to save for future healthcare needs or to protect yourself from the unexpected.
Health Savings Account. Effective July 1, 2014, the District shall make available to employees enrolled in the Lumenos Plan, a Health Savings Account (HSA) to which employees can make direct deposits via payroll.
