State Of Indiana Health Reimbursement Arrangement Hra

Organization Overview

State Of Indiana Health Reimbursement Arrangement Hra is located in Spokane, WA. The organization was established in 2005. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Of Indiana Health Reimbursement Arrangement Hra is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, State Of Indiana Health Reimbursement Arrangement Hra generated $19.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $18.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALIFIED HEALTH AND WELFARE BENEFITS THROUGH A HEALTH REIMBURSEMENT ARRANGEMENT (HRA).

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS TRUST HOLDS THE ASSETS OF THE STATE OF INDIANA HEALTH REIMBURSEMENT ARRANGEMENT "HRA" ACCOUNT PLAN (THE PLAN) FOR EMPLOYEES OF SCHOOL CORPORATIONS AND GOVERNMENTAL EMPLOYERS WITHIN THE STATE OF INDIANA. THE PLAN IS A DEFINED CONTRIBUTION, HEALTH AND WELFARE BENEFIT PLAN COMMONLY REFERRED TO AS A "HEALTH REIMBURSEMENT ARRANGEMENT" PLAN. THE PLAN IS DESIGNED TO BE A TAX-FREE ACCOUNT FOR PARTICIPANTS TO PAY HEALTH BENEFITS NOT PROVIDED BY SOCIAL SECURITY, MEDICARE, OR ANY OTHER HEALTH INSURANCE CONTRACT OR PLAN. THE PAYMENTS OR REIMBURSEMENTS MAY NOT BE MADE FOR ITEMS PAID OR PAYABLE BY ANY OTHER INSURANCE CONTRACT OR PLAN, OR FOR EXPENSES THAT ARE DEDUCTED BY THE PARTICIPANT UNDER ANY SECTION OF THE INTERNAL REVENUE CODE OR WHICH WERE INCURRED PRIOR TO BECOMING A PARTICIPANT OF THE PLAN. REIMBURSEMENT MAY BE MADE FOR THE OUT-OF-POCKET PORTION OF PREMIUMS DUE FOR MEDICARE. THE AFOREMENTIONED EXPENSES MUST BE EXPENSES OF THE PARTICIPANTS, THE SPOUSES OF THE PARTICIPANTS AND/OR THE TAX-QUALIFIED DEPENDENTS OF THE PARTICIPANTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$7,343,589
Investment income $12,191,955
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $263,388
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,798,932

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