Common use of HSA Plan Clause in Contracts

HSA Plan. As soon as practicable after execution of the Agreement, the Board shall implement a HSA plan, or a high deductible health care plan with a health savings account feature, including the following components: In-Network Out-of-Network Annual Deductible (individual/aggregate family) $1500/3000 Co-insurance 100% co- insurance after deductible, subject to co-insurance maximum 80% co-insurance after deductible, subject to co- insurance maximum Co-insurance Maximum (individual/ Aggregate family) $1500/3000 Cost Share Maximum (individual/aggregate family) $3000/6000 Lifetime Maximum Unlimited $1,000,000 Preventive Care Deductible not applicable 100% Coinsurance 80% co-insurance after deductible, subject to co- insurance maximum Prescription Drug Coverage Treated as any other medical expense The Board will contribute fifty percent (50%) of the applicable HSA deductible amount. The Board’s contribution toward the HSA deductible will be deposited into the HSA accounts throughout the course of the year, on the Board’s payroll dates. The parties acknowledge that the Board’s fifty percent (50%) contribution toward the funding of the HSA plan is not an element of the underlying insurance plan, but rather relates to the manner in which the deductible shall be funded for actively employed employees. The following premium cost sharing provisions shall apply to employees electing the HSA plan during the term of this Agreement: Effective July 1, 2010, employees shall contribute 10% of the cost of coverage under the HSA plan. Effective July 1, 2011, employees shall contribute 11% of the cost of coverage under the HSA plan. Effective July 1, 2012, employees shall contribute 12% of the cost of coverage under the HSA plan.

HSA Plan. As Effective as soon as practicable after execution upon ratification of the this Agreement, the Board shall implement a HSA plan, or a high deductible health care plan with a health savings account feature, including the following components: In-Network Out-of-Network Annual Deductible (individual/aggregate family) $1500/3000 Co-insurance 100% co- insurance after deductible, subject to co-insurance maximum 80% co-insurance after deductible, subject to co- insurance maximum Co-insurance Maximum (individual/ Aggregate family) $1500/3000 Cost Share Maximum (individual/aggregate family) $3000/6000 Lifetime Maximum Unlimited $1,000,000 Preventive Care Deductible not applicable 100% Coinsurance 80% co-insurance after deductible, subject to co- insurance maximum Prescription Drug Coverage Treated as any other medical expense The Board will contribute fifty percent (50%) of the applicable HSA deductible amount. The Board’s contribution toward the HSA deductible will be deposited into the HSA accounts throughout the course twice yearly, in July and January of the each year, on the Board’s payroll dates. The parties acknowledge that the Board’s fifty percent (50%) contribution toward the funding of the HSA plan is not an element of the underlying insurance plan, but rather relates to the manner in which the deductible shall be funded for actively employed employees. The following premium cost sharing provisions shall apply to employees electing the HSA plan during the term of this Agreement: Effective July 1, 2010, employees 2011: the employee shall contribute pay 10% of the cost of coverage under the HSA plan. Effective July 1, 2011, employees 2012: the employee shall contribute pay 11% of the cost of coverage under the HSA plan. Effective July 1, 2012, employees 2013: the employee shall contribute pay 12% of the cost of coverage under the HSA plan.. Effective July 1, 2014: the employee shall pay 12.5% of the cost of coverage under the HSA plan