HEALTH CARE SAVINGS ACCOUNT Sample Clauses

HEALTH CARE SAVINGS ACCOUNT. Section 22.1 The Union and the City agree to allow all employees of the Police Department covered under the Union collective bargaining agreement to make an employee contribution to the Employer-designated post employment health savings account of $75.00 per employee per pay period. It is understood that there will be no Employer contributions to the post employment health savings account.
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HEALTH CARE SAVINGS ACCOUNT. The City shall offer a high deductible health care plan in conjunction with a City sponsored health care savings account (HSA) as an alternative health care plan to provide coverage to bargaining unit members on a voluntary basis as outlined in the memorandum of understanding. Upon request the City shall meet and confer with the union during the development of that alternative plan and/or upon implementation of such plan on a voluntary basis to bargaining unit members and/or their qualified dependents.
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HEALTH CARE SAVINGS ACCOUNT. The School District shall contribute on behalf of the administrator, an amount equal to 1.00% of his/her gross salary to a health care savings account administered by the State of Minnesota Retirement System.
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HEALTH CARE SAVINGS ACCOUNT. For a principal who has been employed in District 656 for a minimum of 10 years during the 2019-20 year, the District will contribute on behalf of the principal, an amount equal to 1.00% of his/her gross salary to a health care savings account administered by the State of Minnesota Retirement System. Starting with the 2020-21 contract year, a principal who has been employed in District 656 for a minimum of 5 years, will receive a District will contribution on behalf of the principal, of an amount equal to 1.00% of his/her gross salary to a health care savings account administered by the State of Minnesota Retirement System.
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HEALTH CARE SAVINGS ACCOUNT. 6 No later than the pay period of October 26, 2008, all members of the bargaining unit shall 7 participate in the Municipal Employees’ Retirement System (MERS) Health Care Savings 8 Program. Employees must, on a pre-tax basis, contribute the minimum amount for participation. 9 When the Program is established, the City will contribute $370 into each active, full and 10 part-time employee’s Health Care Savings Account. Within a reasonable period following April 11 1, 2009, the City will contribute an additional $370 into each active, full and part-time 12 employee’s Health Care Savings Account. After that date, City contributions to the Program will 13 cease. 14 The Health Care Savings Program will be administered in accordance with the Municipal 15 Employees’ Retirement System Health Care Savings Program plan document and IRS
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HEALTH CARE SAVINGS ACCOUNT. Employees who elect the High Deductible Health Plan (HDHP) will be eligible to participate in Wabtec’s Health Care Savings Account plan, subject to the terms and conditions set forth in the applicable plan documents.
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HEALTH CARE SAVINGS ACCOUNT. The Employer agrees to fund a Health Care Savings Account for the calendar year 2020 in the amounts defined below for employees who are enrolled in the Employer’s CDHP $1500 or CDHP $2000 plans.
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HEALTH CARE SAVINGS ACCOUNT. Employee shall be entitled to participate in the Township’s Health Care Savings Account ("HCSA") which will be administered by the Municipal Employee' Retirement System (“MERS"). Employee must commit to contribute a minimum of $5.00 per pay to participate in the ongoing MERS program and to receive the Township's 2% contribution. The Township shall contribute monthly two (2%) percent of the Employee's monthly base salary to the HCSA. All deposits made by or on behalf of Employee to the HCSA shall become one hundred (100%) percent vested on behalf of Employee. Funds deposited, but not withdrawn by Employee, in any given year will carry over into the next year. In the event Employee terminates his employment with the Township, Employee is no longer eligible to deposit funds in the HCSA and the Township will no longer fund monthly contributions to Employee's HCSA. The Township shall not be liable for any taxable gain or loss which may occur if Employee makes any withdrawals from his HCSA.
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Related to HEALTH CARE SAVINGS ACCOUNT

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. HOSPITAL means a facility: • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Health Care Spending Account 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. 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 may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

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