Health Reimbursement Arrangement
Several bargaining units and management group of Multnomah County currently participate in semi-monthly contributions to their VEBA accounts. Participating groups are: Management, Local 48, Local 701, Deputy Sheriffs, Civil Deputies and FOPPO. Contributions are not allowed on individual basis. Additional information on HRA VEBA can be found at www.hraveba.org.
Health reimbursement arrangement (HRA) is a type of health plan that reimburses out-of-pocket health care expenses incurred by you (employee), your spouse or your dependent children. The HRA VEBA plan is offered by the non-profit HRA VEBA trust and has been adopted by many governmental employers in WA, OR and ID.
Voluntary employees’ beneficiary association (VEBA) is authorized by Internal Revenue Code 501 (c)(9). VEBA funds are completely tax-free, including contributions, earnings and claims withdrawals. Contributions are not reported on your W-2 or Form 1099. Unused funds carry over from year to year.