By changing the way which you pay for health care, your employees will appreciate the new choices and flexibility that America’s VEBA Solution offers.

Employees have the flexibility and control to manage their accounts on our interactive Online Inquiry System. Participants can view current information about their accounts including account balances, investment allocations, personal performance, fund information, transaction history, claim submissions, and reimbursement history. The site also allows participants to change investment elections, make fund to fund transfers, realign portfolios, generate personal statements on demand for any time period, and print all of the forms necessary to manage their accounts. Participants may also manage investment accounts on our automated Voice Response System 24 hours a day 7 days a week. Our products offer a multitude of options for plan sponsors to design an effective VEBA Health Savings Plan for participating employees.

Based on a Fidelity Investments, Inc. study, it is estimated that a couple retiring today at age 65, without access to an employer sponsored plan, will need about $215,000 in savings to cover post-retirement medical expenses. This amount is needed to cover Medicare Part B premium, Medicare Part D premium, expenses associated with Medicare cost-sharing provisions, and the cost of services not covered by Medicare. For those choosing to retire early, the post-retirement medical obligation will be noticeably larger.

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Accruing a tax-fee health care account to pay for eventual health care costs later in life will bring peace of mind to your employees and their families for generations to come.