A Voluntary Employee Benefit Account (VEBA) is a type of Health Reimbursement Account (HRA) that allows you to be reimbursed for healthcare expenses on a tax-free basis. Funds put into an HRA VEBA are funded by your employer or through collectively bargained arrangements. The account is kept in a trust and administered by a third-party administrator (outside vendor, known as BPAS). When dollars are contributed, they become your dollars to be used for your health care expenses.
Learn more about this account by downloading our flyer.