Tax-Advantaged Savings
Save money by paying no taxes on money contributed by BCM.
Preparing today for a healthier tomorrow.
Healthcare costs appear to be going nowhere but up. And Medicare may not
be enough for you. The Baylor College of Medicine RHSP can help you save for
medical expenses in retirement.
The Baylor College of Medicine RHSP provides:
Counting on Medicare to cover the bulk of your healthcare expenses could be a mistake. It’s unlikely that Medicare will keep pace with the increasing costs of healthcare.
View & DownloadDownload your 2024 Medicare
Overview booklet today
*Medicare does not cover vision, hearing, dental and long-term care.
Once you have separated from employment at BCM, your vested BCM contributions and your own voluntary contributions can be used to reimburse yourself for qualified medical expenses. You can be reimbursed for a wide range of expenses included in IRC Section 213(d) medical expense guidelines.
Please refer to IRS Publication 502 to learn more.
The reimbursement benefit is available for you, your spouse, your same or opposite sex domestic partner, and other eligible dependents once you have separated from employment with Baylor College of Medicine.
Reimbursements are paid from the TIAA-CREF Money Market Mutual Fund. It’s easy to transfer funds in your health account.
FIRST STEP: Move money into TIAA-CREF Money Market Mutual Fund
You can set up recurring accumulation transfers for retiree health insurance and Medicare Part B and/or Part D premiums, as well as long-term care and COBRA premiums.
Call 855-212-5666 for private, one-on-one guidance with an Aetna specialist.