Overview
What is Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan?
The Nreca Post-Employment Health Reimbursement Arrangement (HRA) Plan is a nonprofit organization situated in Arlington, Virginia. Its primary objective is to reimburse participants and their dependents for eligible healthcare expenses post-retirement or employment termination. This includes out-of-pocket medical, vision, dental, prescription drug, and certain over-the-counter drug costs, as well as long-term care expenses and insurance premiums. The plan helps cover healthcare expenses under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) after retirement or job termination. It operates with a focus on benefiting participants and managing administrative expenses.
Is Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan legitimate?
Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan?
The Nreca Post-Employment Health Reimbursement Arrangement (HRA) Plan was established with the objective of reimbursing participants and their dependents for various out-of-pocket healthcare expenses that may arise after retirement or the termination of employment. This includes costs related to medical care, vision care, dental care, prescription drugs, and certain over-the-counter drugs. Additionally, the plan covers qualified long-term care expenses and premiums for health insurance, health plan coverage, and qualified long-term care insurance contracts. The plan serves to provide financial assistance during this transition period, ensuring continued healthcare coverage and support.
Who is the CEO of Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan?
Digna Louis is the Sr Vp Finance (Thru 04/2022) of Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan.
What is the revenue of Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan?
Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan's revenue in 2022 was $5,982.
Who are the executives of Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $870,545
- Other: $31,255
- Compensation: $0
- Related: $355,179
- Other: $133,811
- Compensation: $0
- Related: $374,055
- Other: $74,473
- Compensation: $0
- Related: $377,029
- Other: $43,457
Where can I find the form 990 for Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan?
Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan
Nreca Post-Employment Health Reimbursement Arrangement (HRA) Plan was established with a mission to reimburse its participants and their dependents for various qualifying out-of-pocket healthcare expenses. This plan covers a wide range of medical costs, including expenses for doctor visits, prescription drugs, vision and dental care, and certain over-the-counter medications. Furthermore, it also reimburses for qualified long-term care expenses and premiums for health insurance, health plan coverage, and long-term care insurance contracts, especially after the participant has retired or terminated their employment. This plan, in line with the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), aims to provide financial assistance for healthcare expenses, ensuring that individuals can maintain their health and well-being even after leaving their previous employment.
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Impact
October, 2024
The Nreca Post-Employment Health Reimbursement Arrangement (HRA) Plan significantly impacts participants by providing financial support for their healthcare expenses following retirement or termination of employment. This plan allows participants and their dependents to be reimbursed for a variety of qualified out-of-pocket health care costs, which include medical, vision, and dental care, as well as prescription medications and certain over-the-counter drugs.
Additionally, the HRA Plan covers premiums for health insurance and long-term care insurance contracts. This support is particularly valuable as it addresses healthcare costs that individuals may incur after leaving the workforce, including those covered under COBRA. The overall program expenses primarily reflect the benefits paid to participants along with necessary administrative costs, ensuring that those who have dedicated their careers can maintain access to essential healthcare services in their retirement years.
This information is meant to be a general summary of Nreca Post-Employment Health Reimbursement Arrangement (Hra) Plan. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,982
- Gross Receipts: $5,982
Assets and Liabilities:
- Total Assets: $16,974,907
- Total Liabilities: $120,035
- Net Assets: $16,854,872
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Organization Details
Founding Year
2013
Phone
(703) 907-5895Principal Officer
Digna Louis
Main Address
4301 Wilson Blvd Suite 8-110, Arlington, VA, 22203
NTEE Category
Code: Y43 - Mutual benefit
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