District Maintains VEBA Savings Account Health Plan
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Description
The district maintains a voluntary high-deductible health plan and VEBA savings accounts, administered via selected insurance carriers and trustees, effective since October 1, 2019. Eligible employees can participate, with the district making annual contributions to individual VEBA accounts as outlined in collective bargaining agreements. Administration fees for the plan are paid by the district.
Contract Details
Vendor
VEBA PLAN
Agency
Buffalo-Hanover-Montrose Public Schools, MN
Contract Type
OTHER
Document Date
August 28, 2023
Contract Term
Effective October 1, 2019; plan year October 1 – September 30 annually
Renewal Info
Annual plan renewal every October 1; subject to review and updates per collective bargaining or individual contracts.
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