Reimbursement Plan. For the term of this Agreement, the Company will allow eligible full-time bargaining unit employees to participate in Entergy system benefits under the Entergy Corporation Companies’ Benefits Plus Reimbursement Plan, as described in the Entergy Corporation Companies’ Benefits Plus Reimbursement Plan document, as amended and restated from time to time (the “Reimbursement Plan”), and in the “Entergy Benefits Plus Reimbursement Plan Summary Plan Description, effective January 1, 2018” (or any superseding Summary Plan Description) and any applicable Summaries of Material Modifications, as those documents may be amended and restated from time to time (collectively, “the Reimbursement Plan SPD”). For the term of this Agreement, Entergy system benefits under the Reimbursement Plan include the following features: • The Reimbursement Plan offers both a health care flexible spending account (a “Health Care FSA”) and a dependent day care flexible spending account (a “Dependent Care FSA”). The Health Care FSA is a voluntary account under which an eligible full-time bargaining unit employee may elect to make pre-tax contributions in the form of salary deferral to an account to be used to reimburse the bargaining unit employee for eligible health care expenses incurred during the year by the bargaining unit employee or the employee’s eligible dependents. • Eligible full-time bargaining unit employees who elect the HDHP coverage option under the Medical Plan and who contribute to an HSA are not eligible to contribute to a traditional Health Care FSA. Therefore, the Company will allow eligible full-time bargaining unit employees who elect the HDHP coverage option and who contribute to an HSA to participate in a limited scope Health Care FSA. Before the HDHP deductible is met, the limited scope Health Care FSA may be used only for dental and vision expenses not covered under the Medical Plan and for specific preventive care prescription drugs. After the HDHP deductible is met, the limited scope Health Care FSA may be used for all qualified medical expenses. • The Dependent Care FSA is a voluntary account under which an eligible full-time bargaining unit employee may elect to make pre-tax contributions in the form of salary deferral to an account to be used to reimburse the bargaining unit employee for eligible dependent day care expenses incurred during the year for the care of the bargaining unit employee’s qualifying individuals. • Each flexible spending account is subject to a maximum limit on employee contributions as detailed in the Reimbursement Plan document and the Reimbursement Plan SPD.
Appears in 1 contract
Sources: Collective Bargaining Agreement
Reimbursement Plan. For the term of this Agreement, the Company will allow eligible full-time bargaining unit employees to participate in Entergy system benefits under the Entergy Corporation Companies’ Benefits Plus Reimbursement Plan, as described in the Entergy Corporation Companies’ Benefits Plus Reimbursement Plan document, as amended and restated from time to time (the “Reimbursement Plan”), and in the “Entergy Benefits Plus Reimbursement Plan Summary Plan Description, effective January 1, 2018” (or any superseding Summary Plan Description) and any applicable Summaries of Material Modifications, as those documents may be amended and restated from time to time (collectively, “the Reimbursement Plan SPD”). For the term of this Agreement, Entergy system benefits under the Reimbursement Plan include the following features: • The Reimbursement Plan offers both a health care flexible spending account (a “Health Care FSA”) and a dependent day care flexible spending account (a “Dependent Care FSA”). The Health Care FSA is a voluntary account under which an eligible full-time bargaining unit employee may elect to make pre-tax contributions in the form of salary deferral to an account to be used to reimburse the bargaining unit employee for eligible health care expenses incurred during the year by the bargaining unit employee or the employee’s eligible dependents. • Eligible full-time bargaining unit employees who elect the HDHP coverage option under the Medical Plan and who contribute to an HSA are not eligible to contribute to a traditional Health Care FSA. Therefore, the Company will allow eligible full-time bargaining unit employees who elect the HDHP coverage option and who contribute to an HSA to participate in a limited scope Health Care FSA. Before the HDHP deductible is met, the limited scope Health Care FSA may be used only for dental and vision expenses not covered under the Medical Plan and for specific preventive care prescription drugs. drugs After the HDHP deductible is met, the limited scope Health Care FSA may be used for all qualified medical expenses. • The Dependent Care FSA is a voluntary account under which an eligible full-time bargaining unit employee may elect to make pre-tax contributions in the form of salary deferral to an account to be used to reimburse the bargaining unit employee for eligible dependent day care expenses incurred during the year for the care of the bargaining unit employee’s qualifying individuals. • Each flexible spending account is subject to a maximum limit on employee contributions as detailed in the Reimbursement Plan document and the Reimbursement Plan SPD.S P D.
Appears in 1 contract
Sources: Collective Bargaining Agreement