Overview
What is Boston Medical Center Insurance Co Ltd Of Vermont?
Boston Medical Center Insurance Co Ltd Of Vermont is a reinsurance company situated in Burlington, VT. Its primary role is to offer insurance coverage support to Boston Medical Center Corporation and Boston Medical Center Health Plan, Inc., ensuring financial protection for both entities. By providing reinsurance, the company helps mitigate potential risks and manage the financial impact of claims, thereby ensuring the continuity of healthcare services for their respective communities.
Is Boston Medical Center Insurance Co Ltd Of Vermont legitimate?
Boston Medical Center Insurance Co Ltd Of Vermont is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Medical Center Insurance Co Ltd Of Vermont submitted a form 990EZ, 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 Boston Medical Center Insurance Co Ltd Of Vermont?
Boston Medical Center Insurance Co Ltd Of Vermont's primary role is to provide reinsurance coverage for Boston Medical Center Corporation and Boston Medical Center Health Plan, Inc. This company's purpose is to ensure adequate insurance coverage for both entities. While the mission statement is not explicitly provided in the given information, it can be inferred that the company's mission is to support and safeguard the financial well-being of these two entities, thereby contributing to their overall operations. This is achieved by offering reinsurance coverage, which essentially acts as a financial backup in case of significant insurance claims.
What is the revenue of Boston Medical Center Insurance Co Ltd Of Vermont?
Boston Medical Center Insurance Co Ltd Of Vermont's revenue in 2023 was $0.
Who are the executives of Boston Medical Center Insurance Co Ltd Of Vermont and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Boston Medical Center Insurance Co Ltd Of Vermont?
Boston Medical Center Insurance Co Ltd Of Vermont's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Boston Medical Center Insurance Co Ltd Of Vermont
Boston Medical Center Insurance Co Ltd Of Vermont, as an entity, is dedicated to providing reinsurance coverage for Boston Medical Center Corporation and Boston Medical Center Health Plan, Inc. In simpler terms, this organization offers insurance support to both the corporation and the health plan, ensuring financial protection and stability for these entities. By offering reinsurance coverage, Boston Medical Center Insurance Co Ltd Of Vermont plays a vital role in safeguarding the financial well-being of these organizations, allowing them to continue providing healthcare services to their respective communities.
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Impact
October, 2024
Boston Medical Center Insurance Co Ltd Of Vermont plays a crucial role in the healthcare ecosystem by providing reinsurance coverage specifically for the Boston Medical Center Corporation and the Boston Medical Center Health Plan, Inc. This coverage ensures that both entities can manage risk effectively, thereby enhancing their ability to deliver high-quality healthcare services. Located in Burlington, VT, the company strengthens the financial stability of the Boston Medical Center, enabling it to continue its mission of serving patients with comprehensive care. By protecting against potential financial losses, Boston Medical Center Insurance helps to preserve resources that can be redirected towards improving patient outcomes and expanding healthcare access.
This information is meant to be a general summary of Boston Medical Center Insurance Co Ltd Of Vermont. 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.
Assets and Liabilities:
- Total Assets: $53,194
- Total Liabilities: $2,200
- Net Assets: $50,994
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Organization Details
Principal Officer
David Beck
NTEE Category
Code: E11 - Health
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