Overview
What is Local 493 Health Service And Insurance Plan?
Local 493 Health Service and Insurance Plan is a self-insured health benefit nonprofit organization located in Uncasville, Connecticut. With a minimal workforce of three individuals, they provide medical and life insurance coverage to a total of 1,057 members and their dependents. The organization is affiliated with Teamster Local 493 Union through a collective bargaining agreement, ensuring the covered members receive these essential benefits.
Is Local 493 Health Service And Insurance Plan legitimate?
Local 493 Health Service And Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 493 Health Service And Insurance Plan 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: $14,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,887
For more financial information, click here
What is the mission statement of Local 493 Health Service And Insurance Plan?
The Local 493 Health Service and Insurance Plan serves as a self-insured health benefit provider for its 1,057 members and their dependents, who are covered under a collective bargaining agreement with the Teamster Local 493 Union. By offering insured and self-insured medical and insurance benefits, this organization ensures the health and wellbeing of its members. The mission of the Local 493 Health Service and Insurance Plan is to provide comprehensive health coverage to its union members, enabling them to access essential medical services and secure financial peace of mind. Through these benefits, the organization fosters the overall health and wellness of its community, empowering its members to focus on their personal and professional goals.
Who is the CEO of Local 493 Health Service And Insurance Plan?
Bevan Sweet is the Union Trustee of Local 493 Health Service And Insurance Plan.
What is the revenue of Local 493 Health Service And Insurance Plan?
Local 493 Health Service And Insurance Plan's revenue in 2022 was $15,044,920.
Who are the executives of Local 493 Health Service And Insurance Plan and what are their salaries?
The average compensation at Local 493 Health Service And Insurance Plan during 2022 was $58,529. There are 3 employees at Local 493 Health Service And Insurance Plan.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $156,385
- Other: $58,101
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $147,101
- Other: $57,529
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Local 493 Health Service And Insurance Plan?
Local 493 Health Service And Insurance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 493 Health Service And Insurance Plan
Local 493 Health Service and Insurance Plan is a self-insured health benefit plan, dedicated to providing comprehensive medical and insurance coverage to its 1,057 members and their dependents. Established under a collective bargaining agreement negotiated by Teamster Local 493 Union, this organization prioritizes the health and wellbeing of its members by offering a range of insured and self-insured benefits.
In essence, Local 493 Health Service and Insurance Plan serves as a safety net for its members, ensuring they have access to essential medical coverage. By self-insuring, the organization retains control over the management of its health plan, enabling it to make decisions that best meet the unique needs of its membership. This structure also empowers the plan to customize benefits and adapt to the evolving healthcare landscape, ultimately providing superior value to its members.
The mission of Local 493 Health Service and Insurance Plan is clear: to provide self-insured health benefits to those individuals covered under the collective bargaining agreement between Teamster Local 493 Union. Through this commitment, the organization offers peace of mind and financial security to its members, allowing them to focus on their health and wellbeing, rather than worrying about the costs associated with medical care. By prioritizing the needs of its members, Local 493 Health Service and Insurance Plan stands as a trusted partner in their journey towards maintaining good health.
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Impact
August, 2024
Local 493 Health Service And Insurance Plan's impact is significant as it provides insured and self-insured medical, death, and life insurance benefits to 1,057 members and their dependents. By offering these benefits, the plan plays a crucial role in supporting the health and well-being of its members who are covered under a collective bargaining agreement negotiated by the Teamster Local 493 union. This ensures that members have access to necessary healthcare services and financial protection in times of need, ultimately contributing to their overall quality of life.
This information is meant to be a general summary of Local 493 Health Service And Insurance Plan. 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: $3,285,373
- Program Service Revenue: $11,757,681
- Gross Receipts: $17,507,831
Assets and Liabilities:
- Total Assets: $62,748,886
- Total Liabilities: $1,487,913
- Net Assets: $61,260,973
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$11,570,378
SPECIAL RETIREE CONTRIBUTIONS
Revenue
$148,522
COBRA CONTRIBUTIONS
Revenue
$38,781
Organization Details
Founding Year
1954
Phone
(860) 848-1459Principal Officer
Bevan Sweet
Main Address
P O BOX 485, UNCASVILLE, CT, 06382
NTEE Category
Code: Y40 - Mutual benefit
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