Overview
What is Rensselaer Columbia Greene Group Health Insurance Trust?
The Rensselaer Columbia Greene Group Health Insurance Trust is a New York State consortium of public school districts. With a shared mission, they facilitate health insurance and prescription drug benefits procurement at discounted prices for their member schools. By pooling their purchasing power, they aim to effectively lower healthcare costs for the participating institutions.
Is Rensselaer Columbia Greene Group Health Insurance Trust legitimate?
Rensselaer Columbia Greene Group Health Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Rensselaer Columbia Greene Group Health Insurance 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.
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What is the mission statement of Rensselaer Columbia Greene Group Health Insurance Trust?
The Rensselaer Columbia Greene Group Health Insurance Trust functions as a collaborative consortium of New York public school districts. By pooling their resources together, these member schools are able to secure lower costs for their health insurance and prescription drug benefits. The Trust's primary objective is to reduce healthcare expenses for its members. The Trust's collective purchasing power translates to significant savings and affordable healthcare options for the participating schools and their communities. The Trust's mission is to harness the power of collective bargaining, enabling its members to access cost-effective health insurance and prescription drug benefits. By pooling resources, the Trust not only benefits individual schools but also contributes to the overall well-being of the educational system and the communities it serves.
Who is the CEO of Rensselaer Columbia Greene Group Health Insurance Trust?
Harry Hadjioannou is the Chair of Rensselaer Columbia Greene Group Health Insurance Trust.
What is the revenue of Rensselaer Columbia Greene Group Health Insurance Trust?
Rensselaer Columbia Greene Group Health Insurance Trust's revenue in 2023 was $116,190,259.
Who are the executives of Rensselaer Columbia Greene Group Health Insurance Trust and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Rensselaer Columbia Greene Group Health Insurance Trust?
Rensselaer Columbia Greene Group Health Insurance Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rensselaer Columbia Greene Group Health Insurance Trust
The Rensselaer Columbia Greene Group Health Insurance Trust, a consortium of New York State public school districts, works diligently to help its members acquire health insurance and prescription drug benefits at reduced costs. By pooling their purchasing power through an agreement, this organization aims to achieve significant savings on healthcare expenses for its members. In essence, the Trust serves as a collective bargaining power, securing better deals on insurance plans and prescription drugs for its constituents.
The Rensselaer Columbia Greene Group Health Insurance Trust's ultimate goal is to lower healthcare costs for its members, enabling schools to allocate their resources more efficiently and effectively. This consortium's strategic approach to group purchasing has proven successful, allowing participating districts to enjoy substantial savings on their healthcare expenditures. The Trust's mission extends beyond cost reduction, as it strives to provide its members with access to comprehensive and affordable health insurance solutions.
By pooling resources and negotiating collectively, the Rensselaer Columbia Greene Group Health Insurance Trust extracts favorable terms from insurance providers, ensuring that its members receive high-value benefits at competitive prices. This collaborative model not only benefits the public school districts, but also contributes to a more robust and sustainable healthcare system for the communities it serves.
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Impact
October, 2024
The Rensselaer Columbia Greene Group Health Insurance Trust significantly lowers healthcare costs for its members by facilitating a pooled purchasing agreement among New York State public school districts. This collaborative approach allows member schools to acquire health insurance and prescription drug benefits at reduced rates, ultimately enhancing the financial sustainability of their healthcare offerings. By working together, these districts can negotiate better terms and leverage their combined purchasing power, leading to improved access to essential health services for educators and school staff. The trust plays a crucial role in supporting the health and well-being of educational communities in the region, enabling schools to allocate resources more effectively and focus on their primary mission of education.
This information is meant to be a general summary of Rensselaer Columbia Greene Group Health Insurance 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.
- Investment Income: $922,507
- Program Service Revenue: $115,117,752
- Gross Receipts: $116,190,259
Assets and Liabilities:
- Total Assets: $26,051,763
- Total Liabilities: $22,399,161
- Net Assets: $3,652,602
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS
Revenue
$102,681,748
PHARMACY REBATES
Revenue
$10,293,508
PERFORMANCE DISCOUNT
Revenue
$1,179,514
RETROACTIVE INSUR SETTLEMENT
Revenue
$962,982
Organization Details
Founding Year
1985
Phone
(518) 479-6809Principal Officer
Harry Hadjioannou
Main Address
C/O QUESTAR III 10 EMPIRE ST BLVD, CASTLETON ON HUDSON, NY, 12033
NTEE Category
Code: Y40 - Mutual benefit
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