VEBA

The VEBA Plan is a tax-free health reimbursement arrangement (HRA) that enables your employer to make tax-free contributions into a special trust account on your behalf. These tax-free funds can then be used to pay or reimburse eligible out-of-pocket healthcare costs and premiums for yourself, your spouse, and your qualified IRS dependents.

• Whether you participate in VEBA or not, and which types of cash-outs go into VEBA is a negotiated item between each individual Collective Bargaining Agreement and Management. Refer to your CBA to see what Cash Out’s qualify to go into a VEBA Account.
• If your union participates in the VEBA program the cash-out funds will be sent to VEBA and you will be contacted by VEBA to finalize setting up your account.