Common use of Health Spending Account Clause in Contracts

Health Spending Account. A Health Spending Account (HSA) shall be implemented for all regular Employees eligible for benefits in accordance with Article 27 of the Collective Agreement in the amount of three hundred twenty-five dollars ($325.00) for each eligible Full-Time Employee and pro-rated for each eligible Part-Time Employee based on their FTE. Any unused allocation in an Employee’s HSA as of December 31st of each calendar year may be carried forward for a maximum of one (1) calendar year. The HSA may be used for the purposes of reimbursement for health and dental expenses that are eligible medical expenses in accordance with the Income Tax Act and are not covered by the benefit plans specified in Article 27 of the Collective Agreement. The HSA shall be implemented and administered in accordance with the Income Tax Act and applicable Regulations in effect at the time of implementation and during the course of operation of the HSA.

Health Spending Account. A Health Spending Account (HSA) shall be implemented for all regular Employees eligible for benefits in accordance with Article 27 of the Collective Agreement in the amount of three hundred twenty-five dollars ($325.00) for each eligible Full-Time time Employee and pro-rated for each eligible Part-Time time Employee based on their FTE. Any unused allocation in an Employee’s HSA as of December 31st of each calendar year may be carried forward for a maximum of one (1) calendar year. The HSA may be used for the purposes of reimbursement for health and dental expenses that are eligible medical expenses in accordance with the Income Tax Act and are not covered by the benefit plans specified in Article 27 of the Collective Agreement. The HSA shall be implemented and administered in accordance with the Income Tax Act and applicable Regulations in effect at the time of implementation and during the course of operation of the HSA.