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Employee Benefits

Prudential sets limits on medical savings accounts for retirees

December 17, 2021 Reprints

Prudential Financial Inc. in summer 2022 will stop contributing to medical savings accounts for current retirees, the Philadelphia Inquirer reports. In addition, Prudential retirees must now use all the money accrued in the accounts over 20 years, rather than over their lifetime with any remaining balance reverting to Prudential.

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Prudential sets limits on medical savings accounts for retirees

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