Program Rules for Hope Fund Savers
By applying for the Program or otherwise participating in the Program, you agree to accept and be bound by these Program Rules (the “Program Rules”), which, together with SaverLife’s Terms of Service (“Terms”), govern your use of the Hope Fund Savers (“Program”). In the event of a conflict between these Program Rules and the Terms, these Program Rules take precedence, but only to the extent of the conflict.
1. Program Length
The length of the Program (“Program Term”) is six months. The Program Term begins on the first day of the month after the Saver links a qualifying financial account or instrument with the Saver’s online account (“Linked Savings Account”) on SaverLife’s platform.
2. Saver Eligibility
To open a Program account (“Program Account”) or participate in the Program, the Saver must:
- Be at least 18 years old.
- Have a household income at or below 200% of Area Median Income for their county of employment and household size, as defined by the US Department of Housing and Urban Development.
- Be an HCA Healthcare employee at the time of account opening.
- Not previously have opened a Program Account.
- Provide acceptable identification information, income documentation, and any other application materials or other materials requested by SaverLife personnel in connection with the Program in a timely manner, including within any specific time constraints communicated to the Saver by SaverLife personnel. The Saver may be asked to submit or resubmit additional identification information, income documentation, or other application materials in order to open a Program Account. If the Saver does not provide the requested documentation within the specified time period, his or her application may expire and he or she may cease to be eligible to open a Program Account.
- Satisfy any other eligibility requirement set forth in any applicable “Partner Agreement” between SaverLife and a third party to provide the Saver an enhanced reward or additional incentive for meeting the savings targets (“Savings Targets”) or for meeting other savings goals.
The Saver’s participation in the Program may restrict the Saver’s ability to participate in future SaverLife programs. Without limiting the foregoing, we reserve the right to limit participation in future SaverLife programs based on your participation in the Program or prior SaverLife programs, or any early termination of your Program Account or prior accounts.
With respect to this Program:
- The Saver is not eligible to continue to participate in the Program if SaverLife permanently closes the Saver’s Program Account pursuant to these Program Rules or the Terms.
3. Savings Targets
- Each month, for every dollar saved up to $40 per month, the Saver will be eligible to receive a financial reward (“Reward”) matched 1:1 for every dollar saved, subject to the additional rules below. Savings in excess of $40 per month are not eligible for additional matching.
- Over the Program Term, the Saver may be able to earn up to $260 in Rewards in total. Savings are not eligible to earn any Reward in excess of $260.
- Each month, the Saver must save a minimum of $10 in order to be eligible for a Reward that month.
- Savings are evaluated based on a calendar-month schedule. A Saver’s first savings month begins on the first day of the month following the date the Saver links a Linked Savings Account to the Saver’s Program Account. For example, if an individual links his or her Linked Savings Account on January 20, then the first savings month begins February 1 and ends February 28. Similarly, if an individual links his or her Linked Savings Account on January 1, then the first savings month begins February 1 and ends February 28. A savings month always ends on the last day of the month (e.g., January 31, February 28, March 31, April 30, etc.) for purposes of evaluating Savings Targets.
4. Claiming Rewards
- The Saver will be eligible to claim Rewards during the time period that begins on the last day of the Program Term and ends 30 days following the expiration of the Program Term. Savers that do not claim a Reward in this time period may be ineligible to receive Rewards.
- The Saver will need to complete an exit survey before the Saver is eligible to claim Rewards.
- If SaverLife permanently closes the Saver’s Program Account pursuant to the Program Rules or the Terms, the Saver may not be eligible for a Reward.
5. Account Withdrawal Policy
- There is no limit to the number of withdrawals the Saver can make during the Program Term. The SaverLife platform calculates Rewards based on the net gain or loss from the Linked Savings Account for each month, including any loss due to account fees.
6. SaverLife and Partner Data Usage
Savers consent to allowing the Partner to access relevant personal information, including but not limited to, name, email, and program status, in order to provide better program service and assistance.