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
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 not tax deductible.
Here 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?
- Washington Trust Bank (Trustee)
Official website here: www.indianahra.com
Where can I find the form 990 for State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust?
The 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.
Impact
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.
Thursday, August 15, 2024
The impact of the State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust lies in its ability to provide qualified health and welfare benefits through a health reimbursement arrangement (HRA) for employees of school corporations and governmental employers within the State of Indiana. By offering a tax-free account for participants to pay health benefits not covered by other sources such as Social Security or Medicare, the Trust helps support the healthcare needs of its participants and their families. Additionally, through the Trust, reimbursements can be made for out-of-pocket portions of Medicare premiums, further aiding in the financial relief of healthcare costs. Overall, the Trust plays a vital role in enhancing the overall well-being and security of its participants by providing necessary health benefits and support.
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.
- Assets and Liabilities:
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) 838-5571
Principal Officer
Steven R Sherman
Main Address
221 N Wall Street 201, Spokane, WA, 99201
Website
www.indianahra.com
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of State Of Indiana Health Reimbursement Arrangement Hra Account Plan Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.