The Many Benefits of an HRA VEBA
Health Reimbursement Arrangements (HRAs) and Voluntary Employees’ Beneficiary Associations (VEBAs) are two types of employee benefits that can offer significant advantages to employers. Let’s get to know more about HRA VEBAs. What is an HRA VEBA? An HRA VEBA, or a Health Reimbursement Arrangement Voluntary Employees Beneficial Association, is a type of employee benefits plan […]
Your Cheat Sheet for Open Enrollment
There are a lot of different benefits plans out there, and choosing the right one can sometimes feel like gambling. But with BRI’s help, you’ll be able to make the choice that works best for you. BRI’s VP of Strategy, Becky Seefeldt, put together a cheat sheet for Open Enrollment with Employee Benefit News. This […]
3 Useful Reasons to Admire Your Trusted HRA VEBA
With Open Enrollment just around the corner, your employer may offer “HRA VEBA” as one of your employee benefits options. HRA VEBAs may not be as common as they once were, but we still have three great reasons for you to consider them. Before we jump into that, let’s start with the question on everyone’s mind… What […]
Personal protective equipment: Buying masks and hand sanitizer?
NOTE: A previous version of this blog on personal protective equipment was originally published in October 2020. It has been updated to include a new legislative updates from March 2021 and more. In March 2021, the IRS released Announcement 2021-7, establishing that “personal protective equipment such as masks, hand sanitizer, and sanitizing wipes, used for […]
Does an HRA VEBA make a difference for public sector employees?
Sitting down to write this, I’m drinking Rooibos tea and a hibiscus flavored La Croix. I can’t help but notice the similarities between my tastes and my father’s – tea and seltzer. My mind wanders to how he retired early and I wonder if I’ll be able to do the same. With several decades left […]
HRA VEBA Webinar: Series Recap
If you didn’t have a chance to attend our HRA VEBA Webinar Series, you’re in luck. We’ve highlighted the main topics so you can get information quickly in one place. Session 1 In our first session, we explored four core topics: What is an HRA VEBA? What do you need to know about an HRA […]
What happens to funds once you retire?
If you have a pre-tax account and retirement is on the horizon, you’ll want to understand what happens to the funds in your account(s) once you retire. Depending on which pre-tax account you have, the treatment of your funds will vary. We’ve written about Health Savings Accounts and retirement in other blogs (like this one […]
Your Official HRA VEBA Guide
Are you looking for answers about why your company might want to offer an HRA VEBA? BRI’s HRA VEBA Guide is specifically is tailored to employers in the public sector, covering: how public sector entities can take advantage the account the most common ways to fund the account the importance of differentiating between active and retired […]
3 Hidden Advantages of an HRA VEBA
There are many advantages to HRA Voluntary Employee Benefits (or VEBA) accounts when it comes to pre-tax account options. What is an HRA VEBA? An HRA VEBA is a Health Reimbursement Arrangement where employers place contributions in a trust account on employees’ behalf. Unused funds in the account roll over from year to year. Employees can invest […]
