Method and Structure for Providing Medical Benefits to Retired Employees

A financial structure for a funded health reimbursement arrangement for a beneficiary comprising:

• a pension plan comprising an account, wherein funding for the pension plan and the account are received only from a sponsor, and wherein the health reimbursement arrangement comprises withdrawal conditions, the conditions comprising:
• funds from the account cannot be withdrawn until the beneficiary is no longer employed by the sponsor;
• and
• funds from the account cannot be withdrawn except to reimburse the beneficiary for medical expenses incurred by the beneficiary.

A method for assisting an employer in providing post-retirement health benefits to its employees, comprising the steps of:

• advising the employer to sponsor a health reimbursement arrangement for the employees, wherein the health reimbursement arrangement comprises:
• implementing a pension plan, comprising a retirement account and a health reimbursement account;
• providing funds to the pension plan and retirement account and the health reimbursement account by the employer;
• and
• dispersing funds from the health reimbursement account to reimburse a medical expense of a beneficiary upon satisfaction of withdrawal conditions.