Your VEBA card is designed to help you manage healthcare costs, allowing you to pay for a wide array of qualified medical care expenses and certain premiums. These funds are specifically designated to cover eligible health-related services and products, providing a tax-advantaged way to pay for your medical needs.
Qualified Medical Care Expenses
The card covers many common healthcare services and products you might encounter. Here's a breakdown of what you can typically purchase:
- Office Visits: This includes consultations with doctors, specialists, therapists, and other healthcare providers for diagnosis, treatment, or prevention of illness.
- Prescriptions: You can use your card to pay for medications prescribed by a licensed healthcare professional.
- Over-the-Counter (OTC) Medicines and Drugs: Eligible non-prescription health products, such as pain relievers, cold and flu medications, and first-aid supplies, are covered.
- Lab Work: Various diagnostic tests and analyses performed in a laboratory, including blood tests, imaging scans, and other medical diagnostics.
- Hospital Stays: Costs associated with inpatient care, including room and board, medical procedures, and nursing services during a hospital admission.
- Dental Services: A comprehensive range of dental care procedures, from routine cleanings and check-ups to fillings, root canals, crowns, and orthodontics.
- Vision Services: This covers expenses related to eye care, such as eye exams, prescription eyeglasses, contact lenses, and even certain vision correction surgeries.
Premiums
In addition to direct medical services and products, your VEBA card can also be used to cover certain health insurance premiums. This can include premiums for medical, dental, and vision insurance plans, further extending the utility of your card for managing overall healthcare expenditures.
