Voluntary Employees Benefit
Voluntary Employees Benefit (VEBA) is a health plan provider based in Spokane, WA, offering tax-exempt Health Reimbursement Arrangement (HRA) coverage. They provide a range of services including online registration, mobile app access, and investment options, with tax reporting only required in specific cases such as divorced spouses or non-dependent survivors of deceased participants.
VEBA emphasizes the importance of reviewing investment allocation and ensuring proper coordination with Medicare. They also offer limited HRA coverage options for individuals with Medicare, Health Savings Account (HSA) eligibility, or Premium Tax Credit subsidy, and provide retiree-rehire limitations for post-separation HRAs. VEBA's comprehensive resources, including videos and plan summaries, serve as valuable information sources for participants.
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