Save Tax-Free for Future Medical Expenses With a 401(h) Retiree Health Account
What Is a 401(h) Retiree Health Account?
A 401(h) Retiree Health Account is a tax-advantaged savings vehicle designed to help employees cover medical expenses in retirement. Contribution types may include employer or mandated from employee compensation, and distributions—including earnings—are tax-free when used for qualified medical expenses. These accounts are only available to eligible employees participating in a qualified plan such as a 401(a) Money Purchase Plan.
Benefits of a 401(h) Plan
Investment Flexibility
Tax-Free Contributions & Distributions
Family Benefits
How a 401(h) Account Works
Once your employer adopts a 401(h) plan, participation is mandatory for eligible employees. Contributions are defined by your employer and may include types like fixed contributions to all employees. You control how your funds are invested and can request reimbursements for qualified medical expenses once eligible.
Frequently Asked Questions
Who is eligible for a 401(h) account?
What expenses qualify for reimbursement?
When can I access my funds?
Ready to Maximize Your Health Savings?
Learn how a 401(h) Retiree Health Account can support your retirement goals. Contact MissionSquare or your employer’s benefits office to determine if you are eligible.
Call (800) 669-7400 to speak with a MissionSquare representative weekdays 8:30 a.m. to 9:00 p.m. ET.