Individual Medical Account definition

Individual Medical Account means an individual medical account as defined in Section 415(l)(2) of the Code.
Sample 1Sample 2Sample 3
Individual Medical Account means a trust created or organized to pay the eligible medical, dental, and long-term care expenses of the account holder; and
Sample 1Sample 2
Individual Medical Account means an individual medical account as defined in Code Section 415(1)(2).
Sample 1Sample 2

Examples of Individual Medical Account in a sentence

  • Contributions that were made by your employer into an Individual Medical Account (IMA) and used to pay your health care expenses are exempt from Missouri income tax.

  • Please attach Federal Form 1045, Schedules A and B, and/or the calcu- lation of your net operating loss carryback/ carryforward.Non-medical Withdrawal from Individual Medical Account (IMA): Any monies you withdraw from your Individual Medical Account (IMA) for non-medical purposes are taxable to Missouri.

  • Contribu- tions that were made by your employer into an Individual Medical Account (IMA) and used to pay your health care expenses are exempt from Missouri income tax.

  • Amended returns only: If your federal adjusted gross income includes an NOL (other than a farming loss) of more than two years, enter the loss amount as a positive number.Non-medical Withdrawal from Individual Medical Account (IMA): Any monies you withdraw from your Individual Medical Account (IMA) for non-medical purposes are taxable to Missouri.

  • MACOM, DA, and DoD awards and other honorary noncash awards will be retained.

  • The term Individual Medical Account means any separate account which is established for one Participant in a pension and annuity plan maintained by the Company and from which benefits described in Section 401(h) of the Code are payable solely to such Participant, his spouse or his dependents.

  • For purposes of this Section, "annual addition" means the sum for any Plan Year of (1) Employer Contributions and (2) any forfeitures allocated to an Individual Account and (3) amounts allocated to an Individual Medical Account as defined in the Code and (4) the amount of any Employee Contributions.

  • The term Individual Medical Account means any separate account which is established for a Participant in a pension and annuity plan maintained by the Company or an Affiliate and from which benefits described in section 401(h) of the Code are payable solely to such Participant, his spouse or his dependents.

  • Therefore, similar24The accumulated amounts in the Individual Medical Account are depending on the salary path, however the contribution period is limited for the current generation close to retirement, therefore we assume its impact is minimal.to Koijen et al.

  • NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 2621 of Title 63, unless there is created a duplication in numbering, reads as follows: Sections 1 through 3 of this act shall be known and may be cited as the "Individual Medical Account Act".


More Definitions of Individual Medical Account

Individual Medical Account means an individual medical account as defined in Section 415(1)(2) of the Code. (8) 'Limitation Year' means the Plan Year. All qualified plans of the Employer must use the same Limitation Year. If the Limitation Year is amended to a different 12-consecutive-month period, the new Limitation Year must begin on a date within the Limitation Year in which the amendment is made. 33
Sample 1
Individual Medical Account means an "individual medical benefit account" as defined in Section 415(l) of the Code.
Sample 1

Related to Individual Medical Account

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Percentage Stock Ownership means the percentage Stock Ownership interest of any Person or group (as the context may require) for purposes of Section 382 of the Code as determined in accordance with the Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Member Account means the regular account and the variable account.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.