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Imagine a new employee
benefit program
that allows flexible, pre-tax contributions to a
health care savings plan that accumulates and compounds
tax-free. Participants can take tax-free distributions at any
age without penalties for qualified expenses and
assets are protected from creditors. Your employees
will enjoy the new freedom and flexibility to choose
how they pay for health care expenses. Whether your
objective is to
more effectively manage health care
costs with a consumer-directed health plan,
help
employees save for postemployment health care expenses
with retiree medical savings accounts, or
pre-fund retiree
health care benefit obligations, all this and
more can be accomplished with America’s VEBA
Solution.
America’s
VEBA Solution is a nationwide health care savings plan
administrator that provides a source of tax-free funds to pay for
the cost of health care expenses for your employees,
their spouses, and qualified dependents. The account
may be used to pay for any qualified pre-retirement
and/or post-retirement medical, dental, or vision
out-of-pocket expenses (deductibles, co-payments,
co-insurance, etc.), plus
post-retirement insurance premiums for medical, dental,
vision, (including COBRA premiums), qualified long-term care premiums,
Medicare Part B premiums, Medicare Part D premiums, Medicare supplement
insurance, and Medicare Advantage plan premiums. Moreover, America’s VEBA
Solution also provides you with several methods to reduce your
unfunded liability of providing retiree health care
benefits as required by FASB Statement 106/158 and the new GASB Statement 45
postemployment benefits accounting
standards. |