Common use of HSA Clause in Contracts

HSA. At no time shall the current contract language supersede federal regulations governing Health Savings Accounts. In the event the district receives notice of any changes in plan benefits not required by law or applicable regulations, it will promptly notify the Association and meet to negotiate the impact of such changes. Long Term Disability: 70% - $2,500 month max. 90 calendar days - modified fill Pre-existing condition waiver – Yes Freeze on Offsets – Yes Maternity Coverage - Yes Negotiated Life: $10,000 with AD&D Vision: VSP-3G Dental: Delta Dental: 75/50/50 with sealants - no orthodontics (Class I and II at $1,500 yearly max) Plan B - For employees not electing health insurance Negotiated Life: $15,000 with AD&D Negotiated Long Term Disability: 70% - Same as above Vision: VSP-3G Delta Dental:75:60/75 $1,200 with sealants and orthodontic (class I and II at $1,500 yearly max) Employees not electing health insurance will receive Plan B at no cost to the bargaining unit member plus a cash option in the amount of $300 per month. The employer shall formally adopt a "cash option" qualified plan which complies with Section 125 of the I.R.C. In the event the cash option is elected as cash then all applicable income taxes will be withheld and paid. In the event the employee chooses to avoid all taxes, except F.I.C.A., and not elect cash the employee shall execute a "salary reduction agreement" and route the subsidy into the tax deferred annuity as bargained to approved vendors listed in Section 3.1 B. There shall be no cash in-lieu payments while on an unpaid FMLA leave.

Appears in 1 contract

Samples: Master Agreement

AutoNDA by SimpleDocs

HSA. At no time shall the current contract language supersede federal regulations governing Health Savings Accounts. In the event the district receives notice of any changes in plan benefits not required by law or applicable regulations, it will promptly notify the Association and meet to negotiate the impact of such changes. Long Term Disability: 70% - $2,500 month max. 90 calendar days - modified fill Pre-existing condition waiver – Yes Freeze on Offsets – Yes Maternity Coverage - Yes Negotiated Life: $10,000 with AD&D Vision: VSP-3G VSP-1 Dental: Delta Dental: 75/50/50 with sealants - no orthodontics (Class I and II at $1,500 yearly max) Plan B - For employees not electing health insurance Negotiated Life: $15,000 with AD&D Negotiated Long Term Disability: 70% - Same as above Vision: VSP-3G VSP-2 Silver Delta Dental:75:60/75 $1,200 with sealants and orthodontic (class I and II at $1,500 yearly max) Employees not electing health insurance will receive Plan B at no cost to the bargaining unit member plus a cash option in the amount of $300 per month. The employer shall formally adopt a "cash option" qualified plan which complies with Section 125 of the I.R.C. In the event the cash option is elected as cash then all applicable income taxes will be withheld and paid. In the event the employee chooses to avoid all taxes, except F.I.C.A., and not elect cash the employee shall execute a "salary reduction agreement" and route the subsidy into the tax deferred annuity as bargained to approved vendors listed in Section 3.1 B. There shall be no cash in-lieu payments while on an unpaid FMLA leave.B.

Appears in 1 contract

Samples: Master Agreement

HSA. At no time shall the current contract language supersede federal regulations governing Health Savings Accounts. In the event the district receives notice of any changes in plan benefits not required by law or applicable regulations, it will promptly notify the Association and meet to negotiate the impact of such changes. Long Term Disability: 70% - $2,500 month max. 90 calendar days - modified fill Pre-existing condition waiver – Yes Freeze on Offsets – Yes Maternity Coverage - Yes Negotiated Life: $10,000 5,000 with AD&D Vision: VSP-3G Dental: VSP-1 Delta Dental: 75/50/50 Dental:75:50/50 with sealants - no orthodontics (Class class I and II at $1,500 yearly max) Plan B - For employees not electing health insurance Negotiated Life: $15,000 10,000 with AD&D Negotiated Long Term Disability: 70% - Same as above Vision: VSP-3G VSP-2 Silver Delta Dental:75:60/75 $1,200 Dental: 75/60 with sealants and orthodontic - no orthodontics (class Class I and II at $1,500 yearly max) Employees not electing health insurance will receive Plan B at no cost to the bargaining unit member plus and a cash option in the amount of $300 250 per month. The employer shall formally adopt a "cash option" qualified plan which complies with Section 125 of the I.R.C. In the event the cash option is elected as cash then all applicable income taxes will be withheld and paid. In the event the employee chooses to avoid all taxes, except F.I.C.A., and not elect cash the employee shall execute a "salary reduction agreement" and route the subsidy into the tax deferred annuity as bargained to approved vendors listed in Section 3.1 B. There shall be no cash in-lieu payments while on an unpaid FMLA leave*Employees working less than four hours do not qualify for any insurance benefits.

Appears in 1 contract

Samples: Master Agreement

HSA. At no time shall the current contract language supersede federal regulations governing Health Savings Accounts. In the event the district receives notice of any changes in plan benefits not required by law or applicable regulations, it will promptly notify the Association and meet to negotiate the impact of such changes. Long Term Disability: 70% - $2,500 month max. 90 calendar days - modified fill Pre-existing condition waiver – Yes Freeze on Offsets – Yes Maternity Coverage - Yes Negotiated Life: $10,000 with AD&D Vision: VSP-3G VSP-1 Dental: Delta Dental: 75/50/50 with sealants - no orthodontics (Class I and II at $1,500 yearly max) Plan B - For employees not electing health insurance Negotiated Life: $15,000 with AD&D Negotiated Long Term Disability: 70% - Same as above Vision: VSP-3G VSP-2 Silver Delta Dental:75:60/75 $1,200 with sealants and orthodontic (class I and II at $1,500 yearly max) Employees not electing health insurance will receive Plan B at no cost to the bargaining unit member plus a cash option in the amount of $300 200 per month. The employer shall formally adopt a "cash option" qualified plan which complies with Section 125 of the I.R.C. In the event the cash option is elected as cash then all applicable income taxes will be withheld and paid. In the event the employee chooses to avoid all taxes, except F.I.C.A., and not elect cash the employee shall execute a "salary reduction agreement" and route the subsidy into the MEA Financial Services tax deferred annuity as bargained to approved vendors listed in Section 3.1 B. There shall be no cash in-lieu payments while on an unpaid FMLA leave.3.6 B.

Appears in 1 contract

Samples: Master Agreement

AutoNDA by SimpleDocs

HSA. At no time shall the current contract language supersede federal regulations governing Health Savings Accounts. In the event the district receives notice of any changes in plan benefits not required by law or applicable regulations, it will promptly notify the Association and meet to negotiate the impact of such changes. Long Term Disability: 70% - $2,500 month max. 90 calendar days - modified fill Pre-existing condition waiver – Yes Freeze on Offsets – Yes Maternity Coverage - Yes Negotiated Life: $10,000 5,000 with AD&D Vision: VSP-3G Dental: Delta Dental: 75/50/50 Dental:75:50/50 with sealants - no orthodontics (Class class I and II at $1,500 yearly max) Plan B - For employees not electing health insurance Negotiated Life: $15,000 10,000 with AD&D Negotiated Long Term Disability: 70% - Same as above Vision: VSP-3G Delta Dental:75:60/75 $1,200 Dental: 75/60 with sealants and orthodontic - no orthodontics (class Class I and II at $1,500 yearly max) Employees not electing health insurance will receive Plan B at no cost to the bargaining unit member plus and a cash option in the amount of $300 250 per month. The employer shall formally adopt a "cash option" qualified plan which complies with Section 125 of the I.R.C. In the event the cash option is elected as cash then all applicable income taxes will be withheld and paid. In the event the employee chooses to avoid all taxes, except F.I.C.A., and not elect cash the employee shall execute a "salary reduction agreement" and route the subsidy into the tax deferred annuity as bargained to approved vendors listed in Section 3.1 B. There shall be no cash in-lieu payments while on an unpaid FMLA leave. *Employees working less than four hours per day do not qualify for any insurance benefits.

Appears in 1 contract

Samples: Master Agreement

HSA. At no time shall the current contract language supersede federal regulations governing Health Savings Accounts. In the event the district receives notice of any changes in plan benefits not required by law or applicable regulations, it will promptly notify the Association and meet to negotiate the impact of such changes. Long Term Disability: 70% - $2,500 month max. 90 calendar days - modified fill Pre-existing condition waiver – Yes Freeze on Offsets – Yes Maternity Coverage - Yes Negotiated Life: $10,000 5,000 with AD&D Vision: VSP-3G Dental: VSP-1 Delta Dental: 75/50/50 Dental:75:50/50 with sealants - no orthodontics (Class class I and II at $1,500 yearly max) Plan B - For employees not electing health insurance Negotiated Life: $15,000 10,000 with AD&D Negotiated Long Term Disability: 70% - Same as above Vision: VSP-3G VSP-2 Silver Delta Dental:75:60/75 $1,200 Dental:75/60 with sealants and orthodontic - no orthodontics (class Class I and II at $1,500 yearly max) Employees not electing health insurance will receive Plan B at no cost to the bargaining unit member plus and a cash option in the amount of $300 150 per month. The employer shall formally adopt a "cash option" qualified plan which complies with Section 125 of the I.R.C. In the event the cash option is elected as cash then all applicable income taxes will be withheld and paid. In the event the employee chooses to avoid all taxes, except F.I.C.A., and not elect cash the employee shall execute a "salary reduction agreement" and route the subsidy into the MEA Financial Services tax deferred annuity as bargained to approved vendors listed in Section 3.1 3.6 B. There shall be no cash in-lieu payments while on an unpaid FMLA leave*Employees working less than four hours do not qualify for any insurance benefits.

Appears in 1 contract

Samples: Master Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.