Overview
What is State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust?
The State Of Indiana Health Reimbursement Arrangement HRA Account Plan Trust is a nonprofit entity in Washington state that manages the assets for a health benefit plan called the State of Indiana Health Reimbursement Arrangement (HRA) Account Plan. This trust is designed to offer a tax-free account for school corporation and governmental employer staff in Indiana, providing an alternative to Social Security, Medicare, and other health insurance plans. Employees can utilize the funds for qualifying health and welfare expenses not covered by other insurance or tax benefits. The trust's mission is to fund eligible health benefits for participants while they are enrolled, ensuring they receive necessary healthcare coverage.
Official website here: www.indianahra.com
What are the reviews and ratings of this charity?
The State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust is not currently rated by Charity Navigator. This lack of rating does not suggest either a positive or negative standing; rather, it indicates that the necessary criteria or data to form a proper evaluation are unavailable. Not being a 501(c)(3) IRS registered nonprofit means it's outside the typical purview of Charity Navigator assessments, which rely heavily on financial transparency and impact data.
The organization is classified as independent, and there is no available data on total revenue, expenses, or key personnel salaries. The absence of these financial details is a limitation, hindering public insight into the organization's financial health and the effectiveness of its operations. Form 990 data, which could provide more insight into accountability and finance, is not applicable here due to its classification.
On GreatNonprofits, there are no user reviews available to provide additional insights or personal experiences with the organization. This means that potential donors or interested parties have limited anecdotal or experiential information to reference when considering engagement or support for the trust.
This AI summary has been generated from information found on Charity Navigator.
Is State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust legitimate?
State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust 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
Official website here: www.indianahra.com
What is the mission statement of State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust?
The State Of Indiana Health Reimbursement Arrangement HRA Account Plan Trust has been established with the primary goal of delivering qualifying health and welfare benefits to eligible employees through a health reimbursement arrangement. As outlined in the related plan, the Trust aims to provide these benefits and additional permissible payments as needed. The intended benefits and payments, funded through the Trust, fall under the category of "life, sick, accident, or other benefits" as defined by Section 501(c)(9) of the Internal Revenue Code. The Trust's mission is to support employees with comprehensive health benefits during their eligibility period.
Official website here: www.indianahra.com
Who is the CEO of State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust?
Steven R Sherman is the Trustee of State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust.
Official website here: www.indianahra.com
What is the revenue of State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust?
State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust's revenue in 2022 was $19,798,932.
Official website here: www.indianahra.com
Who are the executives of State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $103,777
- Other: $0
Official website here: www.indianahra.com
Where can I find the form 990 for State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust?
State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indianahra.com
Learn more at the official website: www.indianahra.com
Mission Statement of State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust
The State Of Indiana Health Reimbursement Arrangement HRA Account Plan Trust is a mission-driven organization established to deliver qualified health and welfare benefits to eligible employees through a health reimbursement arrangement (HRA). The Trust's primary objective is to fund and administer these benefits as outlined in the related plan.
In simpler terms, the Trust serves as a vital resource for providing employees with essential health benefits, as defined under Section 501(c)(9) of the Internal Revenue Code, which includes coverage for life, sickness, accidents, and other related benefits. The Trust's ultimate goal is to ensure that employees have access to these important health and welfare benefits while they are eligible to receive them. Furthermore, the Trust may make other permissible payments as determined over time to enhance the benefits provided.
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Impact
October, 2024
The State of Indiana Health Reimbursement Arrangement (HRA) Account Plan Trust significantly impacts the health and welfare benefits landscape for employees of school corporations and governmental employers in Indiana. By managing a defined contribution plan, the Trust enables participants to access tax-free reimbursements for qualified health-related expenses that are not covered by Social Security, Medicare, or other insurance policies. This structure ensures that employees can manage out-of-pocket healthcare costs effectively, enhancing their financial wellbeing.
The Trust provides a valuable resource by allowing reimbursements for various medical expenses incurred by participants, their spouses, and tax-qualified dependents. This not only helps individuals mitigate the financial burden of healthcare costs but also encourages more widespread access to essential health services. The reimbursement of out-of-pocket medical premiums, including those for Medicare, further underscores the Trust's commitment to bolstering the health security of its participants, particularly as they navigate the complexities of healthcare as they age.
In addition, the HRA Account Plan promotes overall employee satisfaction and retention by offering a structured approach to health benefits. By providing a clear pathway for financial support related to healthcare, the Trust plays a critical role in fostering a healthier workforce, which ultimately benefits the community at large. Through its mission to offer life, sick, accident, or other related benefits, the Trust aligns with the needs of employees, reinforcing the value of their health and welfare plans.
This information is meant to be a general summary of State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust. 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: $12,455,343
- Program Service Revenue: $7,343,589
- Gross Receipts: $32,340,576
Assets and Liabilities:
- Total Assets: $298,738,342
- Total Liabilities: $291,200
- Net Assets: $298,447,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Plan contributions
Revenue
$7,343,589
Organization Details
Founding Year
2003
Phone
(509) 838-5571Principal Officer
Steven R Sherman
Main Address
221 N Wall Street 201, Spokane, WA, 99201
Website
www.indianahra.comNTEE Category
Code: Y43 - Mutual benefit
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