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Created in 2003, the Indiana HRA Plan is a funded health reimbursement arrangement (HRA). An HRA is an account-based group health plan that is designed to reimburse qualified medical care expenses and insurance premiums incurred by you, your legal spouse, and qualified dependents. HRA contributions are made solely by your employer. You benefit because HRA contributions, investment earnings, and reimbursements (claims) are tax-free.


Depending on your employer’s plan design, your HRA assets are held in a voluntary employees’ beneficiary association (VEBA) trust authorized under Internal Revenue Code section 501(c)(9) or in a trust that is exempt from taxation based upon your employer’s tax-exempt status under IRC Section 115 (a Section 115 trust), or, in some cases, a combination of both.


The specific terms of your HRA depend on your employer’s plan design. Generally, reimbursements will be available only after leaving employment, and vesting requirements may apply. Some employer plan designs permit reimbursements during and after leaving employment. You should check with your employer to learn more about the specific terms of your plan.




Service Providers

Service Providers


The Indiana HRA Plan is served by a capable team of nationally-recognized service providers:


Plan Sponsor and Administrator


HRA Administrator, LLC (HRAA), a VALIC company, is the plan sponsor and provides plan administration support for more than 140 employer groups.




Plan Education and Enrollment


VALIC Financial Advisors, Inc., a subsidiary of VALIC, provides a team of experienced financial advisors who provide face-to-face service. Through this entity, VALIC offers its clients access to expert financial advice as well as help in choosing from an array of products and services.




Customer Care and Plan Consulting


Gallagher manages the Indiana HRA Plan’s customer care center in Spokane. Gallagher has provided plan operation and consulting services for HRAs and similar programs since 1984. This specialized consulting firm has developed customized, cost-effective programs for more than 1,000 employer groups.




Custodian/Transfer Agent and Corporate Trustee


Washington Trust Bank (WTB) has been providing wealth management and banking services for over 100 years, including trustee, custodial, and administrative services to employee benefit plans since 1954. WTB’s Wealth Management Department manages $3.9 billion in assets on behalf of more than 2,350 clients. Washington Trust Bank also assists with the selection of the available investment funds.

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