Prepare for Future Health Care Expenses with PEHP
Take advantage of PEHP, your Post Employment Health Plan. PEHP is a health reimbursement arrangement that puts aside money for you now to help pay for qualified medical expenses later. Review the PEHP Fact Sheet for further details.
If you were hired August 1, 2007 or later AND pay City medical insurance premiums, The City of Phoenix has chosen to offer a PEHP to help you accumulate health care savings now to use when you separate from service or retire. You are also eligible for this program if you were hired prior to August 1, 2007, are eligible to retire more than 15 years as of that date AND pay City medical insurance premiums.
How it works
You get an individual account that’s funded by your employer’s contributions, which are $150 per month, beginning the month after you were hired. You are not permitted to make your own contributions. You choose how to allocate the contributions among an array of investment options, and your account grows on a tax-free basis.
When you retire or separate from service, you can submit claims for qualified medical expenses to be reimbursed by the funds in your PEHP account. Your spouse and any eligible dependents are also able to use your PEHP for reimbursement.
Your Nationwide representative can answer any questions you have about the account, investment choices and what’s covered under your specific PEHP program.
The only action you need to take now is to decide how to allocate the funds inside your PEHP account. Access your online account and review and make potential changes to your investment options.
For assistance, call a Nationwide representative at 1-800-891-4749 or 602-266-2733.