1. Post-Employment VEBA

2. What is a VEBA? VEBA: Voluntary Employee’s Beneficiary Association
Health Reimbursement Arrangement (HRA)
Tax-Free Account
Consult with tax preparer to discuss personal tax impact
Funded with Employer dollars only
Reimbursed from account as claims are submitted for eligible expenses
Funds held in 501 (c)(9) external trust
No “Use it or lose it”

3. Two Types of VEBAs Integrated VEBA Post-Employment VEBA
Requires enrollment in a Three for Free Medical Plan
Contribution amount defined by contract
Access to dollars while in active employment
Only for family members covered on your medical plan (7/1/17)
Post-Employment VEBA
No medical plan enrollment needed
Retirement Severance, MOU contributions, and elected Q-Comp payments would be deposited to this type of account
May receive contributions during active employment
Access to dollars only after employment has ended
Spouse and eligible dependent expenses allowed

4. Post-Employment VEBA Medical Expenses Insurance Premiums
Section 213(d) – Medical Expense list
Includes: Co-pays, Medical deductible and co-insurance amounts, Out-of-pocket dental expenses, Vision expenses (glasses & contacts)
Insurance Premiums
Medical and Dental Insurance
Premiums paid with Post-tax dollars (includes Medicare Supplemental Plan Premiums)
Excludes any plan purchased via the exchange (MN Sure) due to tax credit provided for these plans
Long Term Care Insurance - Subject to IRS maximums
Debit Card is not available

5. Expenses must be submitted within 365 days from the date of service
Post-Employment VEBA
Expenses must be incurred after your effective date under the VEBA plan
Effective date = Termination Date
Expenses must be submitted within 365 days
from the date of service

6. Claim Submission Corporate Health Systems (CHS) aka OneDigital Online
Mobile App
Fax
Mail
Balance information always available on the CHS/OneDigital website

7. Additional Information
Option to Invest VEBA Funds above $2,500
14 fund choices ranging from Low to High Risk
No Investment Fee
Administration fee - $6.00/month
Billed directly to account
Billed on a quarterly basis by end of 1st month following end of quarter
Upon Death of Participant
Transference to eligible party
1. Spouse
2. Eligible Dependent (Child under 27 through end of tax year)
3. Forfeiture: Allotted per capita to Participants within same Bargaining Group

8. Questions? Eden Prairie Schools – Staff Portal
Benefits > VEBA
Eden Prairie Schools – Human Resources
Katy Stromberg
Phone:
Corporate Health Systems (CHS)/OneDigital
Reimbursement Team
Phone: (Option 1)