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What is a VEBA plan?
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What is a VEBA medical expense plan (MEP)?
This brochure contains a general overview of the VEBA Plan (veba.org) and HRA VEBA Plan (hraveba.org) available to governmental employees in Washington. The plan for which you may be eligible depends on your employer type. The VEBA Plan1 covers eligible employees/ retirees of state agencies, higher education institutions, community and ...
The VEBA Plan is a funded health reimbursement arrangement (HRA) program for employees of school districts, educational service districts, and community and technical colleges in the state of Washington.
Voluntary Employees' Beneficiary Association (VEBA) - Medical Expense Plan (MEP) Understand. Employers may provide a medical expense plan to eligible employees that provides for reimbursement of medical expenses.
The VEBA Medical Expense Plan (MEP) is a similar program for state agencies and higher education institutions. Both plans are commonly referred to as the “VEBA Plan” or “VEBA Plans.” These plans provide benefits to over 100,000 public employees and retirees from more than 400 employers.
Jul 1, 2020 · A VEBA can be used by you and your eligible dependents to reimburse for qualified health expenses after your retirement (with the exception of Group Two (UW Police Officers below). VEBA is authorized by the Washington State Legislature, with contracts overseen by the State of Washington Health Care Authority, and is operated under rules ...
- Group 1: Retiree Sick Leave Cash-Out VebaAs authorized under RCW 41.04.340(7), staff who 1) accrued sick leave under state employment, 2) separate from active state service due to retireme...
- Group 2: UW Police OfficersUW Campus Police Officers covered by labor contracts with either the Teamsters Union 117 (Officers) or WFSE Police Management (Sergeant and Lieuten...
- Group 3: Tenured FacultyThe Provost’s Office may periodically authorize a Voluntary Retirement Incentive (VRI) for tenured faculty. The incentive payment for eligible facu...
You should contact the plans when you have questions about: Benefit details (including Rx coverage) Finding a doctor or dentist. ID cards. Copayments, coinsurance, deductibles, or claims. Health plan complaints or appeals. Using the plan's website.
A voluntary employees' beneficiary association (VEBA) is a tax-exempt trust instrument that provides employee benefits. VEBAs are authorized under Internal Revenue Code section 501 (c) (9). Hundreds of state and local governmental employers in Washington have adopted VEBA programs that offer HRAs.
