Method and Structure for Providing Medical Benefits to Retired Employees
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United States of America Patent
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app pub date -
Jun 6, 2008
filing date -
Jun 6, 2007
priority date (Note) -
Abandoned
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Abstract
A method for providing post-retirement health-care benefits is provided. The method includes the steps of adopting a health reimbursement arrangement that includes a sponsor and a beneficiary, wherein the beneficiary is employed by the sponsor. A pension plan is adopted, wherein the pension plan includes an account. Funds are provided to the pension plan and the account while the beneficiary is employed by the sponsor. Funds are dispersed from the account to reimburse the beneficiary only for medical expenses. The funds are dispersed in response to determining that the beneficiary is no longer employed by the sponsor and that the medical expenses are qualified medical expenses.
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