Common use of HSA Contribution Clause in Contracts

HSA Contribution. The Board will contribute $600 each year for the duration of this agreement to the individual HSA for each employee who participates in the District core CDHP health insurance plan for employee single coverage. The Board will contribute $1,200 each year for the duration of this agreement to the individual HSA for each employee who participates in the District core CDHP health insurance plan for employee single plus dependent coverage. If the CDHP health insurance plan performs at level beneath 90% of budget for the prior fiscal year, then the Board will contribute an additional $250 for the next insurance calendar year (January 1 - December 31) to the individual HSA for each employee who participates in the CDHP health insurance plan for a total contribution of $850 for employee single coverage and $1,450 for employee single plus dependent coverage. If the CDHP health insurance plan performs at level above 110% of budget for the prior fiscal year, then the Board contribution to the individual HSA for each employee who participates in the CDHP health insurance plan will decrease the next insurance calendar year (January 1 - December 31) for a total contribution of $350 for employee single coverage and $950 for employee single plus dependent coverage.