HSA Contributions. An employee eligible for a reciprocity payment pursuant to subsections (b) and (c) above and who is eligible to make deductible contributions to a health savings account for the year may direct the City to contribute any portion of the reciprocity payment up to the limit for deductible contributions for the year to the employee’s health savings account established pursuant to Article 18. The City shall establish reasonable written procedures to be used by employees who desire to direct reciprocity payments into their HSAs. The City shall deposit the employee’s selected contribution into the employee’s health savings account within the first quarter of each calendar year, beginning with the reciprocity payment made in 2020.
HSA Contributions. The Board will contribute to each participating member’s HSA account, an amount equal to seventy percent (70%) of the annual deductible amount applicable to that member’s insurance plan (single or family). The Board’s contribution shall become fifty percent (50%) on January 1, 2013. Members may make additional contributions consistent with IRS regulations, by payroll deduction. Board contributions to HSA accounts will be made in January of each year. Employees who leave the insurance plan for any reason during the following twelve-month period will reimburse the Board at the rate of one- twelfth of the Board-paid contribution for each month that the employee is no longer in the plan. Employees hired after January 1 shall receive a pro-rated Board contribution based on the number of months in District employment during the initial year.
HSA Contributions. In addition, the County will deposit $1,360 for an individual and $2,720 for a family for the life of the agreement each calendar year as set out in (e) below.
HSA Contributions. Effective January 1, 2018, the Employer will contribute forty-seven (47) % of the Health Savings Account Deductible. Any increase of the maximum out of Pocket expense, the employer will contribute forty-seven (47) % of that amount to the members HSA account on the first pay in April and will contribute this amount for the duration of this agreement unless mutually agreed upon.
HSA Contributions. For employees who enroll in either of the HSA plans (Options 6 & 7) on and after January 1, 2019, the Board will make deposits into their HSA accounts in the first three years of participation in the HSA plans (Options 6 & 7) in accordance with the following schedule: Single Coverage Other Coverage - Employee & Spouse Employee & Children Family Employer Matching Deposit Year 1 $700 $1,400 Match 50% of employee deposits up to $350 single/$700 other in employee deposits Year 2 $350 $700 Match 100% of employee deposits up to $350 single/$700 other in employee deposits Year 3 $350 $700 Match 100% of employee deposits up to $350 single/$700 other in employee deposits Part-time employees and any employees who it has been verified at any time during the fiscal year will be retiring or resigning at the end of the present school year who enroll in the HSA plans (Option 6 & 7) shall receive 50% of the deposits set forth in the foregoing schedule. Employees must remain enrolled in the HSA plans (Options 6 & 7) for the full calendar year in order for an employee to receive any employer match. All deposits made by the employee in a given calendar year shall then be used to calculate the Board’s matching deposit in the subsequent calendar year in accordance with the schedule set forth above. It is the intent of the Board to make the matching deposit during the second full payroll period in January in that subsequent calendar year, but not more than 45 days in the subsequent calendar year. If an employee who has already received three (3) years of deposits to their HSA account as a result of enrolling in the HSA plans (Options 6 & 7) subsequently enrolls in the HSA plans (Options 6 & 7) in future years, there shall be no contribution. For any staff member who should choose to enroll in the HSA plans (Options 6 & 7) after the start of the calendar year, deposits to their account will be prorated based on the number of months remaining in the calendar year.
HSA Contributions. The Board will contribute to each participating member’s HSA account, the following amounts: For an employee who is in their first year of employment with the Board, $1000 for single/$2000 for family [this provision is effective for the duration of this 2020 Agreement only]. For 2021: $750 for single/$1500 for family – one-half (0.5) of the amount is guaranteed and one-half (0.5) of the amount may be earned through wellness incentives; For 2022: $500 for single/$1000 for family – one-half (0.5) of the amount is guaranteed and one-half (0.5) of the amount may be earned through wellness incentives; For 2023: $400 for single/$800 for family – one-half (0.5) of the amount is guaranteed and one-half (0.5) of the amount may be earned through wellness incentives; Members may make additional contributions consistent with IRS regulations, by payroll deduction. Board guaranteed contributions to HSA accounts will be made in January of each year. Employees who leave the insurance plan for any reason during the following twelve-month period will reimburse the Board at the rate of one-twelfth of the Board-paid contribution for each month that the employee is no longer in the plan. Employees hired after January 1 shall receive a pro-rated Board contribution based on the number of months enrolled in the medical plan during the initial year.
HSA Contributions. Should you choose to make contributions to your HSA via telephone, 1Call, Online Banking, ATM or through payroll deduction, these contributions will be coded and reported to the IRS as a “Current Year Contribution.” All prior year contributions will require a signature. Your ability to make “Prior Year Contributions” is governed by IRS rules. If you want to designate a contribution as “Prior Year”, we require that you complete and sign a Contribution Direction form designating the contribution as “Prior Year”. Please contact a credit union representative for further information.
HSA Contributions. Employees participating in an HSA-compatible High Deductible Health Plan who are eligible to make HSA Contributions.
HSA Contributions. For employees who enroll in any HSA plans, the Board will make deposits into their HSA accounts in accordance with the following schedule for the term of this Agreement: Annual Employer Deposit for Single Coverage Annual Employer Deposits for Other Coverage – Employee & Spouse Employee & Children Family Additional Employer Matching Deposit Based upon the following: Year 1 $700 $1,400 Employer shall match 50% of single covered employee deposits up to $350 and up to $700 of other covered employee deposits Year 2 $350 $700 Employer shall match 100% of single covered employee deposits up to $350 and up to $700 other covered employee deposits Year 3 $350 $700 Employer shall match 100% of single covered employee deposits up to $350 and up to $700 of other covered Annual Employer Deposit for Single Coverage Annual Employer Deposits for Other Coverage – Employee & Spouse Employee & Children Family Additional Employer Matching Deposit Based upon the following: employee deposits In the event an employee has already participated in any of the HSA plans for three years, the Board deposits into the HSA plan for a fourth year shall be in the same amounts as set forth in the foregoing schedule for Year 3 for the term of this Agreement only. Part-time employees and any employees who it has been verified at any time during the fiscal year will be retiring or resigning at the end of the present school year who enroll in any HSA plans shall receive 50% of the deposits set forth in the foregoing schedule. Employees must remain enrolled in an HSA plan for the full calendar year in order for an employee to receive any employer match. All payroll deducted deposits only made by the employee in a given calendar year shall then be used to calculate the Board’s matching deposit in the subsequent calendar year in accordance with the schedule set forth above. It is the intent of the Board to make the matching deposit during the second full payroll period in January in that subsequent calendar year, but not more than 45 days in the subsequent calendar year. If an employee who has already received three (3) years of deposits to their HSA account as a result of enrolling in an HSA plan subsequently enrolls in an HSA plan in future years, there shall be no contribution. For any staff member who should choose to enroll in HSA plan after the start of the calendar year, employer deposits to their account will be prorated based on the number of months remaining in the calendar year.
HSA Contributions. For the years 2022 and 2023, the parties agree that the City will make the designated contributions to each Member’s Health Saving Account (HSA) as part of the City’s high deductible health insurance plan in the first week of January in each calendar year. If a Member is no longer enrolled and participating in the high deductible health insurance plan by reason of separation from employment or as a result of a Member’s election not to participate in the City health insurance plan coverage, the Member shall pay the City an amount equal to the prorated amount of the City’s HSA contribution, based upon the number of full months remaining in the calendar year. The City is authorized to collect the above payment through payroll deduction from Member’s wages, year-end or terminal pays.
