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Texas Health Insurance Terminology

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VEBA
Voluntary employee beneficiary association.

Vision Care Coverage
A health care plan usually offered only on a group basis which covers routine eye examinations, and which may cover all or part of the cost of eyeglasses and lenses.

Voluntary Employee Beneficiary Association (VEBA)
A trust established under IRS Code 501(c)(9) that can be used to pre-fund health care.

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