HSA Contribution. 6. For the term of this Agreement, the City agrees to make an annual employer contribution of the plan deductible to an HSA for eligible and participating members, pursuant to the chart below. Any new hire who opts for the High Deductible Health Plan will get the same 6-year cycle of employer contributions beginning in the fiscal year they enter the plan. FY HSA Employer Contribution 19 100% 20 100% 21 75% 22 75% 23 50% 24 50%
HSA Contribution. The Board agrees that each Calendar Year, if the Superintendent is eligible, it will contribute the sum of Three Thousand and 00/100 Dollars ($3,000.00), to an HSA plan account maintained by the Superintendent.
HSA Contribution. For Teachers selecting the HSA Plan, the Board will pay $1,000 annually into the Teacher’s health savings account on a pro-rated basis.
HSA Contribution. For members on the High Deductible Health Plan (HDHP), the Board will make the following annual contribution to the member’s Health Savings Account (HSA): One-half of the deductible of the HDHP selected by the employee (single or family), to be paid in two installments – one-half in January and one-half in June. The contribution will be prorated for a member who is not on the HDHP for the full year. The Board’s commitment to make contributions to the members’ HSA accounts expires at the end of this Agreement, July 31, 2024.
HSA Contribution. The Board will contribute $600 each year for the duration of this agreement to the individual HSA for each employee who participates in the District core CDHP health insurance plan for employee single coverage. The Board will contribute $1,200 each year for the duration of this agreement to the individual HSA for each employee who participates in the District core CDHP health insurance plan for employee single plus dependent coverage. If the CDHP health insurance plan performs at level beneath 90% of budget for the prior fiscal year, then the Board will contribute an additional $250 for the next insurance calendar year (January 1 - December 31) to the individual HSA for each employee who participates in the CDHP health insurance plan for a total contribution of $850 for employee single coverage and $1,450 for employee single plus dependent coverage. If the CDHP health insurance plan performs at level above 110% of budget for the prior fiscal year, then the Board contribution to the individual HSA for each employee who participates in the CDHP health insurance plan will decrease the next insurance calendar year (January 1 - December 31) for a total contribution of $350 for employee single coverage and $950 for employee single plus dependent coverage.
HSA Contribution. Employees that elect a high deductible plan with a HSA will receive a contribution to their HSA in an amount equal to the remaining hard cap established for the plan year, less amounts paid towards other health care costs for the Employee. The Employer HSA contribution will be made with the first payroll in January. Eligibility for the HSA contribution will be determined by the employee’s status ten (10) calendar days prior to the contribution date. Employees experiencing subsequent changes in coverage status will receive an additional pro-rated contribution to their HSA or repay the excess received on a pro-rated basis to account for differences in the Employer HSA contribution levels of the plans. The additional contribution made by the City or repayment by the employee will be pro-rated based upon the remaining number of whole months in the calendar year to twelve. Employees who leave the employment of the City during the same calendar year of receiving a HSA contribution will be required to repay the contribution received based upon the ratio of the number of complete months of service during the year to twelve. Employees hired after the contribution date who elect to participate in a HSA Plan will receive a pro-rated HSA contribution based upon the ratio of the number of complete months of service in the calendar year to twelve.
HSA Contribution. The Township will contribute the full $1350 into the Finance Director’s HSA account for 2019 upon the commencement of her employment with the Township.
