Voluntary Employees Beneficiary Association Plan

Voluntary Employees Beneficiary Association Plan,

Voluntary Employees Beneficiary Association Plan Meanings:

The Volunteer Employees Association Package (VEBA) is a type of tax-free fund used by its eligible members and dependents to pay medical expenses. The plan is usually provided by the employer. Depending on the business plan, employee participation may or may not be required, although individual options are not allowed.

  • The Voluntary Benefit Employees Association (VEBA) package is a type of tax-free trust whose members and dependents are entitled to pay medical expenses. Use
  • Under VEBA rules, employers must first obtain an assessment letter from the Internal Revenue Service (IRS) to understand their plans for VEBA for individual income tax purposes.
  • VEBA is subject to certain aspects of the Employee Retirement Income Security Act (ERISA), but is not considered a deserving retirement plan.

Literal Meanings of Voluntary Employees Beneficiary Association Plan

Voluntary:

Meanings of Voluntary:
  1. Made, delivered or traded in their own account.

  2. Solo membership was paid before, during or after the service.

Sentences of Voluntary
  1. We receive financial support through voluntary support

  2. Lara Hydeside, believed to be in a low voice, but was caught by a microphone and resonated through the church on volunteer limbs.

Synonyms of Voluntary

optional, open to choice, volitional, up to the individual, non-mandatory, non-compulsory, not required, discretionary, open, elective, at one's discretion

Employees:

Meanings of Employees:
  1. The person who is hired or paid, especially at the non-executive level.

Sentences of Employees
  1. In general, there is no formal structure for employee representation at the board level.

Synonyms of Employees

member of staff, worker, member of the workforce

Beneficiary:

Meanings of Beneficiary:
  1. Someone who benefits from something, especially a trust, will or life insurance policy.

Sentences of Beneficiary
  1. Benefit from Australian policies that do not need to be followed.

Synonyms of Beneficiary

heiress, inheritor, legatee, heir

Association:

Meanings of Association:
  1. A group of people (often by name) are organized for this purpose.

  2. Association or cooperative link between people or organizations.

  3. The mental connection between thoughts or things.

Sentences of Association
  1. National Broadcasting Association

  2. Established close ties with the university

  3. There is a problem with the word bureaucracy

Synonyms of Association

bond, tie, relationship, interdependence, partnership, cooperative, corporation, federation, union, syndicate, consortium, confederation, alliance, merger, amalgamation, link, connection, guild, attachment, league, interrelation, interconnection, relation, coalition, conglomerate, confederacy

Plan:

Synonyms of Plan

work out, fix up, proposition, stratagem, object, draft, agenda, idea, outline, goal, ploy, formula, scenario, contrive, procedure, make a representation of, game plan, strategy, suggestion, map out, sketch out