HCSA definition
Examples of HCSA in a sentence
HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125.
The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans.
HCSA dollars can be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125.
After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed.
A Health Care Spending Account (HCSA) option will be provided to employees eligible for benefits.
HCSA may be used to pay for certain expenses for the employee and eligible family members as permitted under Internal Revenue Code.
All payroll deductions, including HCSA and DCSA reimbursements, will continue and may not be stopped until the following open enrollment period, except when a qualifying event occurs as defined in the FBP document.
The same carry forward provisions will apply to both the HCSA and TWSA.
Eligible employees may designate a specific amount of pre-tax money (IRS restrictions apply) to be withheld from their paycheck to reimburse eligible out-of- pocket Health Care Spending Account (HCSA) and Dependent Care Spending Account (DCSA) expenses.
In the interest of both parties, with the uncertainty of the Federal Affordable Care Act (ACA) which may result in the assessment of penalties, fees, or fines against the School District due to this agreement, the parties agree to reopen negotiations for benefits of Health Insurance, VEBA, HCSA and any other benefit in this agreement affected by the ACA final determinations.