Health Insurance Glossary

Letter V Jump to: : : VEBA : : Veterans Administration (VA) : : Vision Care Coverage : : Voluntary Employee Beneficiary Association (VEBA) VEBA Voluntary Employee Beneficiary Association (VEBA). Veterans Administration (VA) The VA is the federal agency that oversees all programs and Benefits available to military veterans. Vision Care Coverage A health care plan usually offered only on a Group basis which covers routine eye Examinations, and which may cover all or part of the cost of eyeglasses and lenses. Voluntary Employee Beneficiary Association (VEBA) A trust established under IRS Code 501(c)(9) that can be used to prefund health care. :: Top The above glossary of terms is for informational/educational purposes. Various organizations have provided this information including Time Insurance Company, Inc.; Petersen International Underwriters, Inc; BISYS Education Services, Inc; and others.