Common use of Proration of District Contribution to Health Savings Account Clause in Contracts

Proration of District Contribution to Health Savings Account. An election by an Employee to receive medical/hospitalization coverage under the District’s High Deductible Health Plan (HDHP) and to receive the District contribution to a Health Savings Account (HSA) associated with that coverage is irrevocable for the Plan Year for which the election is made. In the event that the employment of an Employee who has elected to receive a District HSA contribution ceases before the end of the Plan Year and he/she does not continue coverage under the District’s HDHP for the remainder of the Plan Year, the District may deduct from any pay or other amounts owed to the employee, including the Employee’s final paycheck, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. Similarly, if an Employee otherwise ceases coverage under the District’s HDHP before the end of the Plan Year, the District may deduct from the Employee’s pay following the election to cease coverage, in one or more installments, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. If an Employee, after the start of the Plan Year, modifies his/her election to receive medical/hospitalization coverage from two person or full family to single coverage, the District may deduct from the Employee’s pay, following the coverage modification election, in one or more installments, an amount equal to the difference between District HSA contribution for single coverage associated with any period in which the Employee was covered by single coverage. Employees who elect, after the start of the Plan Year, to receive medical/hospitalization coverage under the District’s High Deductible Health Plan, and to receive the District Health Savings Account contribution, due to a mid-plan year change in family status, a mid-plan year court order, or a mid- plan year change in eligibility for Medicaid or CHIP (Children’s Health Insurance Program), will receive a prorated District HSA contribution based on the ratio of the number of months of the Plan Year in which they participate in the District’s HDHP, divided by 12 months, provided that they are otherwise eligible to receive HSA contributions.

Appears in 1 contract

Samples: www.mackinac.org

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Proration of District Contribution to Health Savings Account. An election by an Employee to receive medical/hospitalization coverage under the District’s High Deductible Health Plan (HDHP) and to receive the District contribution to a Health Savings Account (HSA) associated with that coverage is irrevocable for the Plan Year for which the election is made. In the event that the employment of an Employee who has elected to receive a District HSA contribution ceases before the end of the Plan Year and he/she does not continue coverage under the District’s HDHP for the remainder of the Plan Year, the District may deduct from any pay or other amounts owed to the employee, including the Employee’s final paycheck, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. Similarly, if an Employee otherwise ceases coverage under the District’s HDHP before the end of the Plan Year, the District may deduct from the Employee’s pay following the election to cease coverage, in one or more installments, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. If an Employee, after the start of the Plan Year, modifies his/her election to receive medical/hospitalization coverage from two person or full family to single coverage, the District may deduct from the Employee’s pay, following the coverage modification election, in one or more installments, an amount equal to the difference between District HSA contribution for single coverage associated with any period in which the Employee was covered by single coverage. Employees who elect, after the start of the Plan Year, to receive medical/hospitalization coverage under the District’s High Deductible Health Plan, and to receive the District Health Savings Account contribution, due to a mid-plan year change in family status, a mid-plan year court order, or a mid- plan year change in eligibility for Medicaid or CHIP (Children’s Health Insurance ProgramCHIP), will receive a prorated District HSA contribution based on the ratio of the number of months of the Plan Year in which they participate in the District’s HDHP, divided by 12 months, provided that they are otherwise eligible to receive HSA contributions.

Appears in 1 contract

Samples: Agreement

Proration of District Contribution to Health Savings Account. An election by an Employee to receive medical/hospitalization coverage under one of the District’s High Deductible Health Plan Plans (HDHP) and to receive the District contribution to a Health Savings Account (HSA) associated with that coverage is irrevocable for the Plan Year for which the election is made. In the event that the employment of an Employee who has elected to receive a District HSA contribution ceases before the end of the Plan Year and he/she does not continue coverage under the District’s HDHP for the remainder of the Plan Year, the District may deduct from any pay or other amounts owed to the employee, including the Employee’s final paycheck, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. Similarly, if an Employee otherwise ceases coverage under the District’s HDHP before the end of the Plan Year, the District may deduct from the Employee’s pay following the election to cease coverage, in one or more installments, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. If an Employee, after the start of the Plan Year, modifies his/her election to receive medical/hospitalization coverage from two person or full family to single coverage, the District may deduct from the Employee’s pay, following the coverage modification election, in one or more installments, an amount equal to the difference between District HSA contribution for single coverage associated with any period in which the Employee was covered by single coverage. Employees who elect, after the start of the Plan Year, to receive medical/hospitalization coverage under the District’s High Deductible Health Plan, and to receive the District Health Savings Account contribution, due to a mid-plan year change in family status, a mid-plan year court order, or a mid- mid-plan year change in eligibility for Medicaid or CHIP (Children’s Health Insurance Program), will receive a prorated District HSA contribution based on the ratio of the number of months of the Plan Year in which they participate in the District’s HDHP, divided by 12 months, provided that they are otherwise eligible to receive HSA contributions.

Appears in 1 contract

Samples: Agreement

Proration of District Contribution to Health Savings Account. An election by an Employee to receive medical/hospitalization coverage under the District’s High Deductible Health Plan (HDHP) and to receive the District contribution to a Health Savings Account (HSA) associated with that coverage is irrevocable for the Plan Year for which the election is made. In the event that the employment of an Employee who has elected to receive a District HSA contribution ceases before the end of the Plan Year and he/she does not continue coverage under the District’s HDHP for the remainder of the Plan Year, the District may deduct from any pay or other amounts owed to the employee, including the Employee’s final paycheck, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. Similarly, if an Employee otherwise ceases coverage under the District’s HDHP before the end of the Plan Year, the District may deduct from the Employee’s pay following the election to cease coverage, in one or more installments, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. If an Employee, after the start of the Plan Year, modifies his/her election to receive medical/hospitalization coverage from two person or full family to single coverage, the District may deduct from the Employee’s pay, following the coverage modification election, in one or more installments, an amount equal to the difference between District HSA contribution for single coverage associated with any period in which the Employee was covered by single coverage. Employees who elect, after the start of the Plan Year, to receive medical/hospitalization coverage under the District’s High Deductible Health Plan, and to receive the District Health Savings Account contribution, due to a mid-plan year change in family status, a mid-plan year court order, or a mid- mid-plan year change in eligibility for Medicaid or CHIP (Children’s Health Insurance ProgramProgram (CHIP), will receive a prorated District HSA contribution based on the ratio of the number of months of the Plan Year in which they participate in the District’s HDHP, divided by 12 months, provided that they are otherwise eligible to receive HSA contributions.

Appears in 1 contract

Samples: www.mackinac.org

Proration of District Contribution to Health Savings Account. An election by an Employee to receive medical/hospitalization coverage under the District’s High Deductible Health Plan (HDHP) and to receive the District contribution to a Health Savings Account (HSA) associated with that coverage is irrevocable for the Plan Year for which the election is made. In the event that the employment of an Employee who has elected to receive a District HSA contribution ceases before the end of the Plan Year and he/she does they do not continue coverage under the District’s HDHP for the remainder of the Plan Year, the District may deduct from any pay or other amounts owed to the employee, including the Employee’s final paycheck, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. Similarly, if an Employee otherwise ceases coverage under the District’s HDHP before the end of the Plan Year, the District may deduct from the Employee’s pay following the election to cease coverage, in one or more installments, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. If an Employee, after the start of the Plan Year, modifies his/her election to receive medical/hospitalization coverage from two person or full family to single coverage, the District may deduct from the Employee’s pay, following the coverage modification election, in one or more installments, an amount equal to the difference between District HSA contribution for single coverage associated with any period in which the Employee was covered by single coverage. Employees who elect, after the start of the Plan Year, to receive medical/hospitalization coverage under the District’s High Deductible Health Plan, and to receive the District Health Savings Account contribution, due to a mid-plan year change in family status, a mid-plan year court order, or a mid- plan year change in eligibility for Medicaid or CHIP (Children’s Health Insurance ProgramProgram (CHIP), will receive a prorated District HSA contribution based on the ratio of the number of months of the Plan Year in which they participate in the District’s HDHP, divided by 12 months, provided that they are otherwise eligible to receive HSA contributions.

Appears in 1 contract

Samples: secure.munetrix.com

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Proration of District Contribution to Health Savings Account. An election by an Employee to receive medical/hospitalization coverage under the District’s High Deductible Health Plan (HDHP) and to receive the District contribution to a Health Savings Account (HSA) associated with that coverage is irrevocable for the Plan Year for which the election is made. In the event that the employment of an Employee who has elected to receive a District HSA contribution ceases before the end of the Plan Year and he/she does not continue coverage under the District’s HDHP for the remainder of the Plan Year, the District may deduct from any pay or other amounts owed to the employee, including the Employee’s final paycheck, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. Similarly, if an Employee otherwise ceases coverage under the District’s HDHP before the end of the Plan Year, the District may deduct from the Employee’s pay following the election to cease coverage, in one or more installments, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. If an Employee, after the start of the Plan Year, modifies his/her election to receive medical/hospitalization coverage from two person or full family to single coverage, the District may deduct from the Employee’s pay, following the coverage modification election, in one or more installments, an amount equal to the difference between District HSA contribution for single coverage associated with any period in which the Employee was covered by single coverage. Employees who elect, after the start of the Plan Year, to receive medical/hospitalization coverage under the District’s High Deductible Health Plan, and to receive the District Health Savings Account contribution, due to a mid-plan year change in family status, a mid-plan year court order, or a mid- mid-plan year change in eligibility for Medicaid or CHIP (Children’s Health Insurance Program), will receive a prorated District HSA contribution based on the ratio of the number of months of the Plan Year in which they participate in the District’s HDHP, divided by 12 months, provided that they are otherwise eligible to receive HSA contributions.

Appears in 1 contract

Samples: secure.munetrix.com

Proration of District Contribution to Health Savings Account. An election by an Employee to receive medical/hospitalization coverage under the District’s High Deductible Health Plan (HDHP) and to receive the District contribution to a Health Savings Account (HSA) associated with that coverage is irrevocable for the Plan Year for which the election is made. In the event that the employment of an Employee who has elected to receive a District HSA contribution ceases before the end of the Plan Year and he/she does not continue coverage under the District’s HDHP for the remainder of the Plan Year, the District may deduct from any pay or other amounts owed to the employee, including the Employee’s final paycheck, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. Similarly, if an Employee otherwise ceases coverage under the District’s HDHP before the end of the Plan Year, the District may deduct from the Employee’s pay following the election to cease coverage, in one or more installments, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. If an Employee, after the start of the Plan Year, modifies his/her election to receive medical/hospitalization coverage from two person or full family to single coverage, the District may deduct from the Employee’s pay, following the coverage modification election, in one or more installments, an amount equal to the difference between District HSA contribution for single coverage associated with any period in which the Employee was covered by single coverage. Employees who elect, after the start of the Plan Year, to receive medical/hospitalization coverage under the District’s High Deductible Health Plan, and to receive the District Health Savings Account contribution, due to a mid-plan year change in family status, a mid-plan year court order, or a mid- mid-plan year change in eligibility for Medicaid or CHIP (Children’s Health Insurance ProgramCHIP), will receive a prorated District HSA contribution based on the ratio of the number of months of the Plan Year in which they participate in the District’s HDHP, divided by 12 months, provided that they are otherwise eligible to receive HSA contributions.

Appears in 1 contract

Samples: Paraeducator Agreement

Proration of District Contribution to Health Savings Account. An election by an Employee to receive medical/hospitalization coverage under the District’s High Deductible Health Plan (HDHP) and to receive the District contribution to a Health Savings Account (HSA) associated with that coverage is irrevocable for the Plan Year for which the election is made. In the event that the employment of an Employee who has elected to receive a District HSA contribution ceases before the end of the Plan Year and he/she does not continue coverage under the District’s HDHP for the remainder of the Plan Year, the District may deduct from any pay or other amounts owed to the employee, including the Employee’s final paycheck, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. Similarly, if an Employee otherwise ceases coverage under the District’s HDHP before the end of the Plan Year, the District may deduct from the Employee’s pay following the election to cease coverage, in one or more installments, an amount equal to the District HSA contribution associated with any period in which the Employee was not covered by the District’s HDHP. If an Employee, after the start of the Plan Year, modifies his/her election to receive medical/hospitalization coverage from two person or full family to single coverage, the District may deduct from the Employee’s pay, following the coverage modification election, in one or more installments, an amount equal to the difference between District HSA contribution for single coverage associated with any period in which the Employee was covered by single coverage. Employees who elect, after the start of the Plan Year, to receive medical/hospitalization coverage under the District’s High Deductible Health Plan, and to receive the District Health Savings Account contribution, due to a mid-plan year change in family status, a mid-plan year court order, or a mid- mid-plan year change in eligibility for Medicaid or CHIP (Children’s Health Insurance Program)CHIP, will receive a prorated District HSA contribution based on the ratio of the number of months of the Plan Year in which they participate in the District’s HDHP, divided by 12 months, provided that they are otherwise eligible to receive HSA contributions.. The following terms and features also apply to the group medical coverage provided by the District:

Appears in 1 contract

Samples: Agreement

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