An insurer has started selling a health reimbursement arrangement plan designed for government employees.[@@]
AIG VALIC Inc., a subsidiary of American International Group Inc., New York, has introduced the AIG VALIC HealthSecure HRA.
Government employers and employees can use the HRAs to set aside funds for medical expenses both during and after employment, AIG VALIC says.
HRA Consultants, a division of VEBA Service Group L.L.C., Spokane, Wash., will administer the HRAs for AIG VALIC.