What are the Minneflex and VEBA accounts?
The Minneflex and VEBA accounts are separate pools of money that you can use to reimburse yourself for qualified medical expenses. Co-payments, deductibles, and coinsurance amounts are all reimbursable through these accounts. You and your qualified dependents can be reimbursed from these accounts. Qualified medical expenses include office visits and hospitalizations, prescription drugs, therapies, durable medical, dental expenses, laser eye surgery and recent changes in the law also allow certain over the counter drugs to be reimbursed. For more information on who and what are covered, as well as things that are not qualified medical expenses, go to www.irs.gov and print out IRS Publication 502.
