HCP Account definition

HCP Account means a designated account within the Trust and created by this Agreement, the Trust Agreement and Trust Health Care Program policies all under the authority of Chapter 48.62 RCW to provide self-insured health benefits to Participating Employees, their covered dependents and other beneficiaries and further described in Article 6.
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Examples of HCP Account in a sentence

  • Funds in the HCP Account may be used by the EAA only as provided in this Section 3.4.

  • The EAA will deposit funds and amounts in the HCP Account and will distribute amounts from the HCP Account in accordance with this Article Three.

  • Amounts deposited in the HCP Account will include the revenue and funds described in this Section 3.3.

  • In the event any Participating Employer withdraws from the Health Care Program, its Participating Employees, their covered dependents and other beneficiaries and any Consolidated Omnibus Budget Reconciliation Act of 1985 as amended (COBRA) participants and contract personnel and dependents approved by the Board of Trustees, shall forfeit all right and interest to the HCP Account.

  • The funds deposited into the HCP Account are held, managed and expended only for the Health Care Program and reasonable expenses, consistent with applicable state and federal statutes and rules governing joint self-insurance programs and self-insurance programs generally.

  • Not later than June 30, 2013, the EAA will by rule create within the EAA a restricted account known as the ▇▇▇▇▇▇▇ Aquifer Recovery Implementation Program Habitat Conservation Plan Implementing Fund (the HCP Account).

  • All reserve fund investments from the HCP Account shall be made in a manner that is consistent with RCW 48.62.111, Chapter 39.59 RCW, WAC ▇▇▇-▇▇▇-▇▇▇ and the Health Care Program Investment Policy.

  • The HCP Account will be terminated by the EAA on December 31, 2029, or sooner if a regional sales tax or other alternative funding mechanism is instituted, and the EAA shall have no further obligation under this Agreement to generate revenue to the credit of the HCP Account except as specified in this Section (m).