Retirement Health Savings Plan (RHSP)

ICMA-RC

On January 30, 2007, the Board of Supervisors approved the adoption of the Retirement Health Savings Plan (RHSP) for all benefit eligible employees.  The RHSP is a plan to provide tax-free savings during employment for payment of premiums and other qualified medical expenses post employment.  The County of Sacramento will contribute $25 per pay period to an individual’s account pre tax (subject to work and pay rules).  When you become benefit eligible (upon termination or retirement), funds can be used to reimburse qualified medical premiums, such as COBRA premiums, individual medical policy premiums, Medicare Part B premiums, etc, as well as qualified medical expenses such as copays and deductibles.  The reimbursement payments are not taxable and do not need to be declared as taxable income as long as they are used for qualified medical expenses.   

The County has contracted with ICMA-RC to use the VantageCare Savings Plan to implement this program.  Enrollment is automatic for all eligible employees.  While you do not have to complete an enrollment form, you should choose your investment options.  If you don’t choose an investment option, your contribution will be deposited into the age-based Milestone Funds that closely match your anticipated target retirement date until an investment option is selected. 

To learn more about RHSP, a website has been created to provide plan information and to access the investment and beneficiary materials.  To visit the website, click here or contact the ICMA-RC’s Investor Services Line at 1-800-669-7400.  Medical benefit claims processing and payment will be handled by ICMA-RC’s third-party claims administrator, Meritain Health, Inc.  For all claim-related issues once you’re eligible to receive benefits, please contact Meritain Health, Inc. at 1-888-587-9441.  

Sacramento County Retiree Health Savings Plan Performance Analysis

RHSP Investment Policy

Notice of Privacy Practices

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