American Employees' Association

FREQUENTLY ASKED QUESTIONS

What Is A "VEBA" or Voluntary Employees Beneficiary Association?

A Voluntary Employees Beneficiary Association or "VEBA" is an IRS recognized nonprofit employees' organization established solely to provide benefit payment assistance for employees and their beneficiaries in the event of sickness, disability, death, accident, hospitalization or unemployment, etc.

What Makes Health And Welfare Benefit Plans and Programs Different Than Insurance?

AEA benefit plans are not health insurance policies. These are federally approved welfare benefit plans and programs intended strictly to serve the needs of independent small employers and their workers in specific underserved industries in accordance with the rules and regulations of the Employees Retirement Income Security Act (ERISA) of 1974.

Who is Eligible To Join The VEBA?

All Employees and Workers in the Personal Service Industry such as Cosmetologists, Beauticians, Barbers, Manicurists, Estheticians, Stylists, Laundry, Dry Cleaners, Shoeshine, Shoe Repair Employers and Employees and many many more, etc.
Employees must be 21+ Years Old
Members in Other Private, State or Employer Medical or Insurance Plans.
Self-employed Individuals with W-2 Income.

Are There Any Restrictions To Join?

All Service Industry Employees Are Currently Being Accepted. Plans are In Development for Workers In Construction, Agricultural, Retail, Manufacturing and other employment industries.
Part-time and Temporary Workers Must Work A Minimum of 1000 Hours Per Year.
No Medical Service Provider or Prescription Restrictions.

What Are The Requirements To Join?

One (1) Year Work Experience With the Same Employer.
No Income Requirements.
No Immigration Requirement
No Physical Exam Required.
No Employer Administration or Claims Handling Requirements.

How Are Benefits Paid?

All Claims Filed Directly With Association.
No Employer Claims Handling.
All Claims Are Paid Directly to Participants.
Death Benefits Are Paid Directly To Designated Beneficiary(ies).
All Participants Are Guaranteed The Same Amount Of Benefits.

Are Family Members Covered?

Family Members Are Not Covered.
Employed Family Members Can Join At Reduced Cost.

How Are Payments Made?

Payments Can Be Paid By Employers and/or their Employees by Credit or Debit Cards.
All Payments Are Made Directly To Employees Health and Welfare Trust Fund.
No Monthly Check Writing - Payments Are Made By Direct Deposit, Debit or Credit Cards.
Employer Contributions Can Be Claimed As Additonal Worker Compensation.
Up To 100% Tax-Deductible To Employers!!

For Questions or More Information

Please contact us at 877-UNEMPLOYED (863-6756) or e-mail: aeabenefits@yahoo.com.

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