Overview
What is Ac Shared Services Inc Health Savings?
Ac Shared Services Inc Health Savings is a voluntary employee's beneficiary association (VEBA) that serves as a funding source for eligible medical expenses under a Health Reimbursement Arrangement (HRA). This organization, with the name Ac Shared Services Inc, has 41 participants benefiting from this arrangement during the 2021 plan year. Located in Madison, Wisconsin, the organization at 5817 Femrite Drive provides a means for individuals to financially manage their healthcare needs, offering reimbursement for qualifying medical expenses. This HRA is a valuable resource for its participants, assisting them in managing their healthcare costs during the specified plan year.
Is Ac Shared Services Inc Health Savings legitimate?
Ac Shared Services Inc Health Savings is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ac Shared Services Inc Health Savings 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 Ac Shared Services Inc Health Savings?
Ac Shared Services Inc's Health Savings, represented by the VEBA known as Ac Shared Services Inc Health Savings, is designed to financially support eligible medical expenses for its participating employees under a Health Reimbursement Arrangement. The association's primary aim is to fund these medical reimbursements, thereby assisting employees in managing their healthcare expenses. The Health Savings Plan, which benefited 41 participants during the 2021 plan year, is an initiative of Ac Shared Services Inc, demonstrating their commitment to their employees' health and wellbeing.
Who is the CEO of Ac Shared Services Inc Health Savings?
Ac Shared Services Inc is the Principal Officer of Ac Shared Services Inc Health Savings.
What is the revenue of Ac Shared Services Inc Health Savings?
Ac Shared Services Inc Health Savings's revenue in 2021 was $2,750.
Who are the executives of Ac Shared Services Inc Health Savings and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ac Shared Services Inc Health Savings?
Ac Shared Services Inc Health Savings's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Ac Shared Services Inc Health Savings
Ac Shared Services Inc's Health Savings, as a Voluntary Employee's Beneficiary Association (VEBA), is dedicated to funding eligible medical expenses under a Health Reimbursement Arrangement (HRA) for its members. This nonprofit organization serves 41 participants, providing a means for them to cover their medical costs during the plan year 2021. By offering this HRA, Ac Shared Services Inc's Health Savings aims to ease the financial burden of medical expenses for its beneficiaries, ensuring they can focus on their health and wellbeing. The association's mission is to act as a financial safety net, contributing towards the medical reimbursements of its members, thereby promoting accessibility to necessary healthcare services.
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Impact
October, 2024
AC Shared Services Inc Health Savings significantly impacts its participants by providing a structured health reimbursement arrangement (HRA) that assists employees in managing their medical expenses. Operating as a voluntary employee's beneficiary association (VEBA), this initiative helps cover eligible medical costs, enhancing financial security for its participants.
In 2021, the organization supported 41 individuals, providing them with access to funds specifically earmarked for medical reimbursements. This financial support can alleviate the burden of out-of-pocket medical expenses, making healthcare more accessible and affordable. By funding medical reimbursements, AC Shared Services Inc Health Savings contributes to the overall well-being of its members, fostering a healthier workforce.
Additionally, the program represents a proactive approach to employee health benefits, promoting responsible spending on healthcare services and encouraging participants to seek timely medical attention without the fear of financial strain. This alignment of interests not only benefits the employees but also supports the employer's goal of maintaining a healthy and productive workforce. Overall, AC Shared Services Inc Health Savings plays a crucial role in enhancing employee welfare and promoting efficient health benefit management.
This information is meant to be a general summary of Ac Shared Services Inc Health Savings. 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 2021.
- Investment Income: $2,750
- Gross Receipts: $23,633
Assets and Liabilities:
- Total Assets: $210,804
- Total Liabilities: $0
- Net Assets: $210,804
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Organization Details
Founding Year
2010
Phone
(602) 274-6890Principal Officer
Ac Shared Services Inc
Main Address
5817 Femrite Drive, Madison, WI, 53718
NTEE Category
Code: Y43 - Mutual benefit
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