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 not tax deductible.
Here 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
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.
Impact
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.
Thursday, August 15, 2024
Local 493 Health Service And Insurance Plan's impact lies in its provision of insured and self-insured medical, death, and life insurance benefits to 1,057 members and their dependents. By offering these vital services, the plan plays a crucial role in ensuring the health and well-being of its members and their families. Additionally, as a mutual benefit organization, Local 493 Health Service And Insurance Plan contributes to the stability and security of its members by providing essential health benefits negotiated through a collective bargaining agreement.
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.
EMPLOYER CONTRIBUTIONS
Revenue
$11,570,378
SPECIAL RETIREE CONTRIBUTIONS
Revenue
$148,522
COBRA CONTRIBUTIONS
Revenue
$38,781
Organization Details
Founding Year
1954
Phone
(860) 848-1459
Principal Officer
Bevan Sweet
Main Address
P O BOX 485, UNCASVILLE, CT, 06382
NTEE Category
Code: Y40 - Mutual benefit
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