Retiree Medical

Providing medical benefits to retirees and their spouses has become one of the largest corporate expense items because people are living longer, the double digit increases in medical costs, the expensive drugs being prescribed and the cost of administering the plan. These plans were typically funded on an on-going basis.

Our insured funding solution for retiree medical plans utilizes a Voluntary Employee Beneficial Association (VEBA) in conjunction with a specially designed group annuity contract that guarantees the payment of the employer funded medical subsidy for the life of the retiree and spouse.