Good Samaritan Society Collective Agreement 2020-2024

LETTER OF UNDERSTANDING #6

BETWEEN

THE GOOD SAMARITAN SOCIETY
(A Lutheran Social Service Organization)
(hereinafter referred to as the Employer)
- and -

HEALTH SCIENCES ASSOCIATION OF ALBERTA
(hereinafter referred to as the Union)

RE: FLEXIBLE HEALTH SPENDING ACCOUNT
 

1. Effective January 1, 2013, a Flexible Health Spending Account (FHSA) will be implemented for all Employees eligible for benefits in accordance to Article 21.02.
2. The sum of six hundred ($600) for each benefit-eligible Employee shall be allocated to their FHSA on January 1 of each year. Proration of the allocated amount shall apply to Employees who become benefit-eligible during the calendar year with pro-ration calculated on the basis of full months remaining in the calendar year following the date the Employee becomes benefit eligible.
   
   Employees who cease to be benefit-eligible shall forfeit the balance of their FHSA allocation.
3. Any unused allocation in an Employee’s FHSA as of December 31st of each year may be carried forward to the following calendar year for a maximum of one (1) calendar year.
4. The FHSA may be utilized by Employees for purposes of receiving reimbursement for health and dental expenses that are eligible medical expenses in accordance with The Income Tax Act.
5. The administration of the FHSA shall be subject to and governed by the terms and conditions of the applicable contract between the Employer and the benefit plan carrier.
6. The FHSA shall be implemented and administered in accordance with The Income Tax Act and applicable regulations in effect at the time of implementation and during the course of operation of the FHSA.

This Letter of Understanding shall expire on March 31, 2024, or upon the date of ratification of the next Collective Agreement, whichever is later.