Easier Health Insurance Payments for Public Safety Retirees from Pensions.
New rules make it easier for retired police and firefighters to pay for health and long-term care insurance premiums from their retirement plans. This means funds for these purposes no longer need to be paid directly to the insurer, offering greater financial flexibility. The change aims to simplify the process and reduce administrative burdens for eligible individuals.
Key points
Police and fire retirees can now receive health insurance funds directly, rather than requiring direct payment to the insurer.
Funds used for health and long-term care premiums will still be excluded from taxable income.
Individuals receiving direct payments must attest that the amount does not exceed the premiums actually paid.
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