(a) For employees hired after March 31, the HSA contributions shall be pro-rated based upon the number of full months employed by the village in their initial year.
(b) The village recognizes that under Internal Revenue Service regulations, eligible expenses of an HSA account are not limited to the major medical deductibles under the village’s major medical plan. The employee is solely responsible for the HSA and how funds are used.
(Ord. 24-2015, passed 10-26-2015; Ord. 31-2017, passed 12-11-2017; Ord. 22-2019, passed 11-18-2019)