If you're one of many employers who has chosen a tax-free, low-cost Voluntary Employees' Beneficiary Association (VEBA) trust to fund
employees' and retirees' health expenses, OptumHealth Financial Services can help.
Spectrum of services
Our VEBA-related services include:
- Plan installation —- We will establish your plan records and claim-processing procedures to set up your data-processing
requirements.
- Employee communication — We create and send each participant a package containing everything he or she needs to get started,
including an overview of health expenses, sample forms and claim-filing tips.
- Recordkeeping, reviews and audits — When plans provide for multiple investment fund options, we offer daily recordkeeping
services. We also review and audit 100 percent of all claims.
- Requests, reports and reimbursements — We handle all reimbursement requests and generate management reports.
- Compliance services — We take care of discrimination testing and government reporting.