Tag Archives: Retirees

How to extend the life of a VEBA
“What VEBAs need and want is the highest quality of health care for the least amount of dollars. If the VEBA is able to use the exchanges to allow the VEBA and their members to get better value for less money, it extends the financial life of the VEBA,” says Gephardt, who is also on the board of Extend Health.
He adds that “VEBAs are becoming popular because so many companies are in economic trouble they can’t keep the future liabilities for health care for their retirees on their books – it’s killing their balance sheet, yet the unions don’t want to lose the benefits. At the end of the day, the viability of VEBAs will depend on whether it worked, if there is enough money there.”
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