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The cost of health care is a growing concern for retirees, a Post-Employment Healthcare Reimbursement Account (HRA) can help bridge the gap between retirement and Medicare to help cover medical premiums and other medical costs.
  • Employers can fund the program
  • No program fees for employers
  • Utilize unused PTO or sick pay
  • Contributions can be tax free
  • Free for 457(b) participants  
  • Earn interest
  • Choice of mutual funds

 

 

 
Note:
  • Our representatives may not give legal or tax advice. Please consult your attorney or tax advisor for answers to your specific tax questions.
  • Your North Shore Bank 457(b) Plan can be funded by both FDIC Insured North Shore Bank certificates of deposit and/or non-bank investments provided through Heartland Funds.
  • Investments held in North Shore Bank CDs are FDIC insured.
  • However, investments other than North Shore Bank CDs are NOT a deposit or other obligation of the bank or its affiliates; NOT insured by the FDIC or any other agency of the United States; are subject to investment risk, including possible loss of value.

Frequently Asked Questions