TrustSecure: A medical expense reimbursement plan
TrustSecure is a post-employment medical expense reimbursement plan designed by the WEA Trust. This group-bargained benefit can be used by employers to make tax-free contributions on behalf of eligible employees, which will be invested in a Trust investment portfolio. The contributions and investment earnings are recorded in individual accounts.
Participants who leave employment, retire, or are disabled are eligible to request reimbursements from their account to pay for post-employment qualified medical expenses.
The advantages of TrustSecure
- Funds in the account accrue for the employee as defined in the collective bargaining agreement or employee policy of non-represented staff.
- Qualified contributions, earnings, and qualified reimbursements are 100% tax-exempt.
- Account balances carry over from year-to-year so there is no "use it or lose it" rule.
- Accrued funds in the account may be used for reimbursement of post-employment qualified medical expenses incurred by you, your spouse, and your IRS-qualified dependents.
- You are eligible for reimbursement of qualified medical expenses whenever you separate from service such as retirement, resignation, disability.
- Upon your death, remaining accrued funds in the account can be used until depleted by your spouse and IRS-qualified dependents for reimbursement of qualified medical expenses.
Access your TrustSecure account, forms, and additional information here.
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Questions?
If you have questions about your individual account, call Educators Benefit Consultants (EBC), the TrustSecure plan administrator, toll-free at (888) 507-6053.
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