ING's Retirement division announced today that it has launchedthe next generation of its retirement health reimbursementarrangement — the ING Health Reserve Account (ING HRA) — to helpstate and local governments fund their employees' future healthcare expenses on a tax-favored basis.
The latest HRA offering, which builds upon ING's existingstrategy, provides an expanded menu of investment options and athird-party recordkeeping solution that helps simplify planadministration.
Retiree health care coverage is a valuable benefit for publicsector employees, and many consider it to be an even more criticalpart of their total compensation package than ever before. However, with rising medical costs and tightening budgets,retirement health benefits represent unfunded liabilities that canstrain public systems.
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