A VEBA is a health reimbursement arrangement that allows an employer to contribute money to a trust on behalf of their employees. The funds in this account can be used to help pay for eligible medical expenses. The VEBA plan gives you more control over if, and when, you spend your health care dollars.
- You may have more disposable income.
- You have a convenient way to pay for medical expenses with tax-free dollars.
- Funds can be used to pay for eligible medical expenses now, or in retirement.