As described in the Why VEBA section, your employer has sponsored an extraordinary savings program to help cover your retiree heath care expenses. This VEBA program provides you with the most tax-efficient investing program available.
The advantages of the VEBA program are:
Triple Tax-Advantaged Investing
Leave Pay Outs can be Included
Guaranteed Investment Returns
Current Health Expenses are Eligible
Your Account is Portable
Segregated account walled off from participating agencies and creditors.