HRA-VEBA Benefits

HRA-VEBA Benefits

Some of the benefits of an HRA-VEBA include:

  • Use VEBA funds post-retirement to pay for premiums and long-term care premiums.
  • Convert unused sick time, vacation, and severance into VEBA contributions.
  • Tax advantaged contributions; accrue tax free interest.
  • A wide variety of medical expenses are eligible for VEBA funds:
  • Co-pays, prescriptions, and deductibles.
  • Dental, medical, and vision services.
  • Medicare Part B and D.
  • Premiums for long-term care insurance.
  • And moreā€¦
  • Easy to use debit card and automatic deposits; no transaction fees or waiting on checks.