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FINANCIAL ARRANGEMENT TO SUPPORT IMPLEMENTATION OF A RETIREMENT MEDICAL PROGRAM OR TO PROTECT A USERS FUTURE MEDICAL NEEDS
FINANCIAL ARRANGEMENT TO SUPPORT IMPLEMENTATION OF A RETIREMENT MEDICAL PROGRAM OR TO PROTECT A USERS FUTURE MEDICAL NEEDS
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机译:财务安排以支持退休医疗计划的实施或保护用户未来的医疗需求
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摘要
A method for providing a financial product that permits monies dedicated to a medical sub-account within a Dual-Purpose Profit Sharing plan (DPPSP) to maintain compliance with relevant IRS Tax Code provisions. The method comprising the steps of: establishing a document (MEDVAN) with provisions that maintain compliance with relevant IRS Tax Code provisions; add a provision to the document that assures all employer contributions made on behalf of the employee to the employee benefit plan are fully non-forfeitable; add a provision to the document that assures that all benefit payments to the primary and listed beneficiaries are exclusively for medical care; issue the MEDVAN to an employee benefit plan in exchange for a premium; and process payment requests from the MEDVAN based upon the medical needs of at least one employee listed as a beneficiary.
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