Health Spending Account Sample Clauses

Health Spending Account. 20.7.1 On January 1 the Board will contribute an annual amount of $800 to a Health Spending Account for eligible full-time continuous employees covered by this agreement. Eligible employees will be continuous employees who are actively at work, on maternity leave, on paid sick leave, on extended disability or on WCB as of the first working day of the applicable calendar year. 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. The contribution on the first calendar day of the month following the date of hire will be as follows for a full time employee: Month of Hire Contribution Amount Contribution Date January $733 February 1st February $667 March 1st March $600 April 1st April $533 May 1st May $467 June 1st June $400 July 1st July $333 August 1st August $267 September 1st September $200 October 1st October $133 November 1st November $67 December 1st December $800 January 1st The Board will contribute an annual amount of $500 to a Health Spending Account for full-time term specific employees covered by this agreement. The contribution will be made on the first calendar day of the month following the date of the commencement of the employee’s term. A term specific employee will not receive additional contributions if their term is extended or the employee commences a second term in the same calendar year.
Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.
Health Spending Account. The Foundation shall provide a Health Care Spending Account beginning January 1, 2015 as follows: EligibilityPermanent EmployeesA permanent employee working full time hours who has completed three (3) months of continuous employment with the Foundation or a permanent employee who has achieved benefit status. • Be actively at work during the first pay period of each year and/or the pay period in which July 1 occurs. • Actively at work means those employees who are at work for all or a portion of the first pay period of the year or the pay period in which July 1 occurs and includes those employees who are on maternity or parental leave, STD, LTD, WCB, vacation or other paid leave until such time as they are no longer an employee of the Foundation.
Health Spending Account. Beginning 1 July 2014, the Employer agrees to commit $350 (pro-rated for appointments that are less than twelve (12) months or half-time term) to each full-time Employee’s Health Spending Account. Beginning 1 July 2015, the Employer agrees to commit $350 (pro-rated for appointments that are less than twelve (12) months or half-time term) to each full-time Employee’s Health Spending Account. Beginning 1 July 2016, the Employer agrees to commit $350 (pro-rated for appointments that are less than twelve (12) months or half-time term) to each full-time Employee’s Health Spending Account.
Health Spending Account. Effective January 1 of each year, the Board will contribute to the Health Spending Account an annual amount of eight hundred ($800) dollars for each eligible employee covered by this agreement who are on payroll as at the first working day of the year. Eligible employees will be actively at work, on maternity leave, on paid sick leave, on Workers' Compensation or extended disability. Contribution to the Health Spending Account will be pro-rated for employees who occupy a position less than one full time equivalent (1.0 FTE) covered by this agreement who are on payroll as at the first working day of each calendar year. The unused balance in an employee's Health Spending Account will be carried forward to the extent permitted by law. Employees leaving the Board will forfeit any remaining balance in their Health Spending Account.
Health Spending Account. Benefit year May 1 to April 30 Plan credits $400 per benefit year Eligible expenses The Income Tax Act specifies a broad range of expenses eligible to be paid from the HSA. Eligible expenses include items such as the deductible under the extended health plan, expenses greater than plan maximums and eligible expenses for you, your spouse, or any dependents for whom you are claiming a tax deduction that year. A complete list of eligible expenses is provided on the Canada Revenue Agency website (xxx.xxx.xx.xx) under Medical Expenses in the individual tax return deductions section. An eligible expense is incurred on the date the services are received or on the date supplies are purchased or rented. Unused plan credits If you do not use all the credits placed in your account in one benefit year, they will be carried forward and can be used to reimburse eligible expenses incurred the following year. The Income Tax Act specifies that any credits remaining in your account after two benefit years be forfeited; Claiming deadlines Expenses must be submitted thirty (30) days after the end of the benefit year (i.e. before May 30 of the benefit year following the benefit year during which you incur eligible expenses), or; 90 days after your HSA coverage ends, whichever is earlier. When coverage ends The last day of the month in which your employment ends or you reach age 70, whichever is earlier.
Health Spending Account. 7.3.1 For each eligible teacher the School Jurisdiction will establish a Health Spending Account as offered by ASEBP.
Health Spending Account. Effective April 1, 2010 a Health Spending Account (HSA) shall be made available for eligible employees. The HSA shall only apply and be made available to top-up the existing benefits provided in the HEBP “EnhancedExtended Health Benefit Plan and the HEBP Dental Plan. The annual HSA benefit amounts shall be:  April 1, 2010 $250 for full-time employees* $125 for part-time employees  April 1, 2011 $500 for full-time employees* $250 for part-time employees * For the purpose of the HSA, an employee is deemed to qualify for the full- time benefit if she/he has been paid for a minimum of 1,500 hours in the previous calendar year. Hours paid at overtime rates do not count in the annual determination of whether an employee qualifies for the full-time benefit.
Health Spending Account. Effective April 1, 2011, a Health Spending Account will be available to all employees eligible for the extended health benefits, under the following terms: • Maximum claim per year is four hundred fifty dollars ($450); maximum claim per year increases to eight hundred dollars ($800) and prorated if employed less than the full twelve (12) months. • Eligible expenses shall include professional medical services, dental services, prescription drugs, eyeglasses, gym memberships, fitness classes or other health related expenditures designated as such by Canada Revenue Agency Qualifying Medical Expenses (IT-519R2 or equivalent) that are not covered by any other plan, or to extend items covered by benefits. • Coverage is obtained by the individual claimant completing a payment requisition with receipt attached for approval by the Executive Director. • No carryover of Health Spending Account funding form one year to the next but an employee can carry forward claims for up to one year.
Health Spending Account. 38.5.1 The University shall provide and maintain a Health Spending Account (HSA) for all eligible MacEwan Staff Association members.