Overview
What is Fusco Group Medical Reimbursement Plan Trust?
The Fusco Group Medical Reimbursement Plan Trust is a nonprofit entity that serves as a financial intermediary, facilitating the payment of various insurance premiums for both employers and their employees. By assuming this role, the Trust alleviates financial burden, making insurance coverage more accessible and affordable for its members. This trust-based organization operates with the primary mission of funding and managing insurance premiums on behalf of its members, ultimately fostering financial security and peace of mind.
Is Fusco Group Medical Reimbursement Plan Trust legitimate?
Fusco Group Medical Reimbursement Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Fusco Group Medical Reimbursement Plan Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Fusco Group Medical Reimbursement Plan Trust?
The Fusco Group Medical Reimbursement Plan Trust serves as a financing entity, funding various insurance premiums for both employers and their employees. Its primary mission is to pay these premiums on behalf of its members, acting as an intermediary. By doing so, the trust aims to alleviate some of the financial burdens associated with maintaining insurance coverage for its members. The trust's activities contribute to ensuring that its members have access to necessary insurance coverage, thereby providing a level of security and peace of mind.
Who is the CEO of Fusco Group Medical Reimbursement Plan Trust?
Dennis Reilly is the Trustee of Fusco Group Medical Reimbursement Plan Trust.
What is the revenue of Fusco Group Medical Reimbursement Plan Trust?
Fusco Group Medical Reimbursement Plan Trust's revenue in 2023 was $589,141.
Who are the executives of Fusco Group Medical Reimbursement Plan Trust and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Fusco Group Medical Reimbursement Plan Trust?
Fusco Group Medical Reimbursement Plan Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fusco Group Medical Reimbursement Plan Trust
The Fusco Group Medical Reimbursement Plan Trust is a entity that is committed to funding various insurance premiums for employers and their employees. This trust serves as a financial intermediary, paying these premiums on behalf of its members. In essence, the Fusco Group Medical Reimbursement Plan Trust acts as a benefactor, easing the financial burden of insurance costs for both employers and their employees. By doing so, it contributes to the overall wellbeing and security of its members, ensuring they have access to necessary medical coverage.
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Impact
October, 2024
The Fusco Group Medical Reimbursement Plan Trust plays a significant role in managing healthcare costs for employers and employees by providing a structured mechanism for reimbursing various insurance premiums. By pooling resources, the trust effectively reduces the financial burden on both employers and their employees, ensuring that essential health coverage remains accessible.
This initiative fosters a collaborative environment where employers can offer competitive health benefits without the overwhelming financial commitment typically associated with insurance premiums. Employees benefit from reduced out-of-pocket expenses and enhanced access to necessary health services, which can lead to improved overall well-being and productivity.
In essence, the Fusco Group Medical Reimbursement Plan Trust not only aids in managing healthcare expenses but also strengthens the employer-employee relationship by promoting mutual benefit and shared responsibility for health care costs. This structure ultimately contributes to a healthier workforce and fosters a more sustainable approach to managing health-related expenses.
This information is meant to be a general summary of Fusco Group Medical Reimbursement Plan Trust. 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 2023.
- Program Service Revenue: $589,141
- Gross Receipts: $589,141
Assets and Liabilities:
- Total Assets: $7,150
- Total Liabilities: $0
- Net Assets: $7,150
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS
Revenue
$589,141
Organization Details
Founding Year
1981
Phone
(203) 777-7451Principal Officer
Dennis Reilly
Main Address
555 LONG WHARF DRIVE, NEW HAVEN, CT, 06511
NTEE Category
Code: Y40 - Mutual benefit
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