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Welcome to ERIP-2013

Updates

Retroactively effective back to 2011 the HRA account can now be used to reimburse the premiums for any Medicare Supplement plans found in the marketplace.  Prior to the ACA clarification, only group plans (such as the IU Blue Retiree Medicare Supplement Plan) were eligible to be reimbursed from an HRA.  Any claims for reimbursement for Medicare Supplement plan premiums can be sent to Nyhart for processing.  You can send retroactive claims for any of Medicare Supplement plan premiums that you had paid out-of-pocket that were incurred any time from the date that your HRA account was established.

HRA Information Packet (PDF)

Purpose of the Plan

Indiana University is committed to providing students with an affordable, high-quality education.  This can be challenging in today’s environment, especially when the University continues to be confronted with rising cost. To support the University’s commitments and to assist administrators in responding to various fiscal and organizational challenges, Indiana University is providing a limited-time incentive for certain employees to retire earlier than otherwise expected.  Early Retirement Incentive Plan 2013 (ERIP-2013) is for eligible Academic and Staff employees. Voluntary separations under ERIP-2013 are intended to achieve specific institutional objectives: reduction in salary/wage and associated benefit costs, redirecting positions to focus on higher priorities, or may assist in avoiding or minimizing future involuntary terminations due to reductions in personnel.

The ERIP-2013 is not a benefit to which employees are entitled. A fundamental requirement of the ERIP-2013 is that approved applications must achieve one of the institutional objectives described above. Not every application to participate in the ERIP-2013 will be approved.

Informational Videos

General Plan Information

Application, Review, and Approval Process

Income Replacement Payment

Health Reimbursement Account (HRA)

Refresher for May 2014 Group - Webinar | PDF

 


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