The VEBA Plans feature a Consumer Directed Health Plan (CDHP) that works along side a tax-exempt personal health account. This plan is offered through participating Minnesota Service Cooperatives and Blue Cross Blue Shield of Minnesota. It gives you a way to reduce your health care costs while allowing employees more control and choice in their health care usage. Simply put, we’ve created a health plan that works alongside a tax-exempt VEBA personal health account. The health plans feature a higher deductible, so premiums can be lower than traditional plan coverage. The interest-earning account is employer-funded and can be used to pay for qualified medical expenses until the deductible has been satisfied. Since the funds in the account are not taxed, your health care dollar goes farther. Also, the funds in the account will carry over from year to year.