TrustSecure™
A post-employment medical expense reimbursement plan designed for employers to make tax-free contributions for eligible employees. Funds are invested in a Trust investment portfolio. The contributions and investment earnings are recorded in individual accounts.
Participants who leave employment, retire, or are disabled can request reimbursements to pay for post-employment qualified medical expenses.
TrustSecure™ is a group plan option for employers to consider adding to employee benefits package. Educators Benefit Consultants (EBC), Minnesota, administers the plan. EBC assists with enrollment, account set-up, reimbursements of qualified medical expenses, and member or employer questions.
Advantages
- Funds accrue for employees as defined in their employment agreement.
- Qualified contributions, earnings, and qualified reimbursements are 100% tax-exempt.
- Account balances carry over from year-to-year.
- Accrued funds may be used for reimbursement of post-employment qualified medical expenses incurred by the employee, their spouse and any IRS-qualified dependents.
- Eligibility for reimbursement starts when you separate from service such as retirement, resignation, disability.
- Upon employee’s death, accrued funds in the account can be used by the spouse and IRS-qualified dependents for reimbursement of qualified medical expenses.
Click enrollment for more information.