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Individual Retiree Health Account (IHA) Program |
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Post-employment tax-favored medical reimbursement account The Tegrit IHA Program is an innovative way to help your employees fund their post-employment health care costs. The program can be used to complement an existing retiree health care plan. Features & Benefits The program is a tax-favored medical savings account sponsored by employers. Once an employee leaves employment, the account balance is available for tax-free reimbursement of medical expenses for the employee and eligible dependents. Your employees will receive excellent service from us - Tegrit administers the plan, while the employer retains local control of benefits.
- The contribution structure is flexible and is determined by the employer.
- Employers have access to numerous diversified investment options and employee funds grow tax-free.
- Employees can access their account information through an online portal.
- Eligible employees may receive a mySourceCard©, a debit card that can be used for medical expenses.
Our program helps employers continue to care for their workforce without incurring any additional unfunded OPEB liability. For more information please contact us at
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