Health Saving Account Sample Clauses

Health Saving Account. The School District will offer an optional High Deductible Health Plan with a Health Savings Account (HSA). If the Business Manager elects to participate in the high deductible plan, the School District will make the following yearly contributions to a HSA: $500 per year.
Sample 1
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Health Saving Account. The Township will make an annual contribution of three thousand two hundred ($3,200.00) dollars to each full-time Employee’s Health Savings Account (HSA) who currently accepts two-person or family health insurance coverage. The Township will make an annual contribution of one thousand six hundred ($1,600.00) dollars to each full-time Employee’s Health Savings Account (HSA) who currently accepts single person health insurance coverage. In addition, the Township will match, on a 1:1 basis, any contribution made by the Employee through payroll deduction into their HSA account. The Township’s maximum match contribution will be five hundred ($500.00) dollars for a full-time Employee with two-person or family coverage and two hundred fifty ($250.00) dollars for a full-time Employee with single person coverage. In the event the default hard cap or 80/20 cost sharing model limit the Township’s allowable aggregate contributions, the Employer shall adjust its HSA contribution to ensure compliance with PA 152 limitations. HSA contributions, both standard and matching, will be made by the Township the pay period prior to the start of the health insurance plan medical benefit year. The matching contribution will be calculated for Employee contributions made within the previous 12 months.
Sample 1
Health Saving Account. The District shall contribute $500 annually to the district sponsored Health Savings Account each January for any employee that is enrolled in the districts qualified high deductible health insurance plan.
Sample 1

Related to Health Saving 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 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.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • RETIREE HEALTH SAVINGS PLAN Effective, December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.

  • Certain Savings Accounts 1. An account established and maintained in the Slovak Republic that satisfies any of the following:

  • How Are Contributions to a Xxxxxxxxx Education Savings Account Reported for Federal Tax Purposes? Contributions to a Xxxxxxxxx Education Savings Account are reported on IRS Form 5498-ESA.

  • 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.

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator.

  • Health and Dental Premium Accounts The Employer agrees to provide eligible employees with the option to pay for the employee portion of health and dental premiums on a pretax basis as permitted by law or regulation.

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