Overview
What is Capital Area Schools Health Insurance Consortium?
Capital Area Schools Health Insurance Consortium is a New York-based nonprofit organization comprised of New York State public school districts. Their primary mission is to enable member school districts to acquire health insurance and prescription drug benefits at reduced costs through a pooled purchasing agreement. This consortium aims to provide more affordable coverage options for its members, collectively enhancing access to essential healthcare services for students and staff within these districts.
Official website here: www.cashic.org
Is Capital Area Schools Health Insurance Consortium legitimate?
Capital Area Schools Health Insurance Consortium is a legitimate nonprofit organization registered as a 501(c)(9) entity. Capital Area Schools Health Insurance Consortium 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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Official website here: www.cashic.org
What is the mission statement of Capital Area Schools Health Insurance Consortium?
The Capital Area Schools Health Insurance Consortium is a group of New York public school districts that have come together with the objective of helping their members secure health insurance and pharmacy drug benefits at more affordable prices. By pooling their resources and purchasing power, they aim to reduce costs for their member districts. The consortium serves as a means for schools to collectively negotiate favorable contracts for health insurance and prescription drug plans, thereby providing significant cost savings. The collaboration among these school districts enables them to leverage their combined bargaining power and secure better benefits for their students and staff.
Official website here: www.cashic.org
Who is the CEO of Capital Area Schools Health Insurance Consortium?
Andrew Giaquinto is the Chairperson of Capital Area Schools Health Insurance Consortium.
Official website here: www.cashic.org
What is the revenue of Capital Area Schools Health Insurance Consortium?
Capital Area Schools Health Insurance Consortium's revenue in 2023 was $251,954,820.
Official website here: www.cashic.org
Who are the executives of Capital Area Schools Health Insurance Consortium and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.cashic.org
Where can I find the form 990 for Capital Area Schools Health Insurance Consortium?
Capital Area Schools Health Insurance Consortium's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cashic.org
Learn more at the official website: www.cashic.org
Mission Statement of Capital Area Schools Health Insurance Consortium
Capital Area Schools Health Insurance Consortium, a New York state-based organization, is comprised of public school districts aiming to secure affordable health insurance and prescription drug benefits for their members. By pooling their resources together, the consortium enables its members to obtain these essential services at reduced costs through a collective purchasing agreement. The mission of Capital Area Schools Health Insurance Consortium is to empower its member school districts to collectively negotiate and procure competitively priced health insurance and pharmacy drug benefits. This cooperative approach allows the consortium to leverage its combined purchasing power to secure favorable rates and contracts, ultimately leading to significant savings for its members. By facilitating access to affordable health insurance and pharmacy benefits, Capital Area Schools Health Insurance Consortium plays a vital role in enhancing the overall well-being and financial stability of the participating school districts.
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Impact
October, 2024
The Capital Area Schools Health Insurance Consortium significantly enhances the ability of member school districts to secure affordable health insurance and pharmacy drug benefits. By utilizing a pooled purchasing agreement, the consortium enables its members to leverage collective bargaining power, resulting in lower costs for essential health coverage. This collaborative approach fosters financial stability for school districts, allowing them to allocate more resources towards educational needs rather than being burdened by soaring healthcare expenses. The consortium effectively supports the overall well-being of educators and staff, ensuring they have access to necessary health services while simultaneously promoting mutual benefit among its member districts.
This information is meant to be a general summary of Capital Area Schools Health Insurance Consortium. 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: $2,979,894
- Program Service Revenue: $248,095,813
- Gross Receipts: $251,954,820
Assets and Liabilities:
- Total Assets: $86,825,146
- Total Liabilities: $9,571,142
- Net Assets: $77,254,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS
Revenue
$238,914,996
PHARMACY REBATES
Revenue
$8,940,382
RETIREE DRUG SUBSIDY
Revenue
$240,435
Organization Details
Founding Year
1994
Phone
(518) 347-3600Principal Officer
Andrew Giaquinto
Main Address
C/O DREW GIAQUINTO 900 PREDDICE, SCOTIA, NY, 12302
Website
www.cashic.orgNTEE Category
Code: Y40 - Mutual benefit
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