A Retiree Health Savings Account (RHS) is an employer paid tax-advantage savings and investing vehicle used to help you pay for your future health-care costs. All contributions to your account are set aside exclusively for qualifying medical expenses. This account would only be set up for those retirees that have elected the Alternate Retiree Medical Contribution Program or for those retirees who retired on or after January 1, 2015.
This account is administered by ICMA-RC. Reimbursement for eligible expenses will be handled by a third-party administrator hired by ICMA-RC called Meritain.
RHS Documents: