Muskingum County makes the HSA contributions as follows: - 2nd Pay in January = 50% of Employer Contribution - 1st Pay in July = 25% of Employer Contribution - 1st Pay in October = 25% of Employer Contribution The amount of the Employer Contribution is dependent upon Coverage Election: - Employee Only = $820 - Employee + 1 = $1,475 - Family = $2,140 Thanks! Pam Davis Muskingum County Human Resources County Courthouse 401 Main Street Zanesville, OH 43701 Phone: 740-588-4371 On Wed, Jan 3, 2018 at 12:04 PM, Nancy Ostrander < nostrander@eriecounty.oh.gov> wrote:
Good morning and Happy New Year everyone!
For those of you that offer a high deductible health plan and offer an *HSA contribution or match incentive*, when do you deposit the employer contribution/match e.g., annually, quarterly, per pay?
We currently deposit the full employer match into the employee’s account in January so employees have those funds to use throughout the year (as an incentive to join the HDHP rather than the County’s PPO plan). However, there has been “grumblings” that employees’ *take the employer match* *and run* before actually contributing their employee portion of the match (which is deducted each pay period). For example, if an employee resigns in February , they haven’t made their required employee match.
While our records show that this has happened on rare occasions, the *suggestion on the table is to be pro-active* and to ensure that exposure is limited by spreading the employer deposit out over the course of the year - semi-annually, quarterly, or even monthly. Makes sense, but wanted to check with you all on your process.
All comments are welcome.
Thank you,
Nancy
Nancy A. Ostrander, MLIS, CLRP, SPHR, SHRM-SCP
Director, Human Resources
Board of Erie County Commissioners
2900 Columbus Ave., Sandusky, OH 44870
Ph: (419) 627-7662 Fax: (419) 627-7599
*Erie County Department of Human Resources *
** Personnel Administration * Risk Management * Workers' Compensation * Benefits Administration * Wellness **
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