Our exclusive voluntary employee beneficiary association is exclusive to Doctors IPA members
(VEBA) VOLUNTARY EMPLOYEE
One of the exciting benefits of membership is the opportunity to join the Doctors IPA VEBA, a voluntary employee beneficiary association. You have never had this opportunity before. It is unique to Doctors IPA! With a VEBA, the employer deposits tax deductible funds to a tax exempt trust to aid the employees in paying current and future healthcare costs, saving you thousands by using pre-tax dollars instead of after-tax dollars to pay for these benefits.
"Doctos IPA VEBA reduced my Tax Bill more than I could have ever imagined."
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With our VEBA, you report no income and pay no taxes on funds utilized to pay healthcare premiums and expenses. Coupled with Doctors IPA healthcare quoting abilities, most practices should save a great deal of money on healthcare expenses. This special vehicle, custom tailored to Doctors IPA, provides great benefits for our members. Disability income premiums paid to the VEBA can be deducted by the practice and the disability benefits can be paid TAX FREE! This is a huge benefit!
Additionally, a practice can contribute up to $300,000 in a single year for post-retirement health benefits and take a current tax deduction. None of the participants report any current income. This benefit, coupled with Doctors IPA’s income tax consultation service, could reduce a member’s income tax bill by tens of thousands of dollars a year.
The benefits of a VEBA are far too numerous to cover in this small space, a member services representative can explain the entire program at enrollment. This benefit requires payment of a small additional fee to our VEBA administrator to cover the extensive service and support required of the managed funds. However, the benefits are a hundred times this small cost!