HRA Contribution Sample Clauses
The HRA Contribution clause defines the employer's obligation to contribute funds to a Health Reimbursement Arrangement (HRA) for the benefit of employees. Typically, this clause specifies the amount or percentage the employer will provide, the frequency of contributions, and any conditions or eligibility requirements for employees to access these funds. By outlining these terms, the clause ensures that employees receive financial support for qualifying medical expenses, while also clarifying the employer's responsibilities and helping to avoid misunderstandings regarding healthcare benefits.
HRA Contribution. The district will provide a Health Reimbursement Account for all eligible and participating employees that will be available to fund expenses relating to deductibles or co-pays under the plan. The plan year shall run from October 1 through September 30 of each year and HRA contributions will be funded on October 1 at the levels set forth below:
1) The District shall contribute $1,000 per employee carrying single coverage, and $2,000 per participating employee carrying dependent coverage.
2) New employees starting service after the beginning of the plan year in October will receive an HRA contribution prorated by month based on the month of their first date of service. Substitute or temporary employees will not be eligible for an HRA contribution.
3) Employees eligible for Employee Married to Employee (EME) coverage pursuant to Subd. 6., below, will receive an HRA contribution of $1,500 for each employee if in single coverage plans or $3,000 to the employee carrying a dependent coverage plan.
4) Employees will be allowed to roll over unused HRA dollars year-to-year up to a cap of two times the deductible for the selected single or dependent plan. At no time will an employee have access to HRA dollars in excess of the cap.
5) An employee eligible for retirement benefits at the time of separation from the District shall have one year to spend down any balance in the employee’s HRA account pursuant to the provisions of the plan.
HRA Contribution. The district will provide a Health Reimbursement Account for all participating principals that will be available to fund expenses relating to deductibles or co-pays under the plan. The plan year shall run from October 1 through September 30 of each year and HRA contributions will be funded on October 1 at the levels set forth below:
1) The District shall contribute $1,000 per principal carrying single coverage, and $2,000 per participating principal carrying dependent coverage.
2) New principals starting service after the beginning of the plan year in October will receive an HRA contribution prorated by month based on the month of their first date of service.
3) Principals eligible for Employee Married to Employee (EME) coverage pursuant to 11.1 G. below, will receive an HRA contribution of $1,500 for each principal if in single coverage plans or $3,000 to the principal carrying a dependent coverage plan.
4) Principals will be allowed to roll over unused HRA dollars year-to- year up to a cap of two times the deductible for the selected single or dependent plan. At no time will a principal have access to HRA dollars in excess of the cap.
5) A principal eligible for retirement benefits at the time of separation from the District shall have one year to spend down any balance in the principal’s HRA account pursuant to the provisions of the plan.
HRA Contribution. The district will provide a Health Reimbursement Account for all participating employees that will be available to fund expenses relating to deductibles or co- pays under the plan. The plan year shall run from October 1 through September 30 of each year and HRA contributions will be funded on October 1 at the levels set forth below:
1) The District shall contribute $1,000 per employee carrying single coverage, and $2,000 per participating employee carrying dependent coverage.
2) New employees starting service after the beginning of the plan year in October will receive an HRA contribution prorated by month based on the month of their first date of service. Part-time salaried teachers will receive an HRA contribution prorated by their percent of contract. Long Call Substitutes working for less than a full school year will not be eligible for an HRA contribution.
3) Employees eligible for Employee Married to Employee (EME) coverage pursuant to 13.2, F.4. below, will receive an HRA contribution of $1,500 for each employee if in single coverage plans or $3,000 to the employee carrying a dependent coverage plan.
4) Employees will be allowed to roll over unused HRA dollars year-to-year up to a cap of two times the deductible for the selected single or dependent plan. At no time will an employee have access to HRA dollars in excess of the cap.
5) An employee eligible for retirement benefits through the Teachers Retirement Association at the time of separation from the District shall have one year to spend down any balance in the employee’s HRA account pursuant to the provisions of the plan.
HRA Contribution. The City shall contribute three percent (3%) of each employee’s monthly salary to the City’s MidAmerica HRA account for each employee. Payment shall be made in accordance with current City employee deduction practices.