Overview
What is Asc1 Inc Veba Health Investment Plan?
Asc1 Inc's Veba Health Investment Plan is a nonprofit initiative based in Madison, Wisconsin. The primary function of this plan is to fund medical expenses for its participating members. It accomplishes this through a Health Reimbursement Arrangement (HRA) provided by Asc1, Inc. Around 21 individuals are eligible to receive medical reimbursements, with the maximum amount reaching $2,502.82. This plan serves as a financial resource to help its participants manage their healthcare costs.
Is Asc1 Inc Veba Health Investment Plan legitimate?
Asc1 Inc Veba Health Investment Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Asc1 Inc Veba Health Investment Plan 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.
What is the mission statement of Asc1 Inc Veba Health Investment Plan?
The Asc1 Inc Veba Health Investment Plan is designed to fund medical expenses for its participants. It achieves this through a Health Reimbursement Arrangement (HRA), providing eligible individuals with potential reimbursements up to $2,502.82. The plan does not disclose a specific mission statement, but its primary function is to support its participants in managing their medical costs. The plan does not engage in advocacy, research, or provide resources beyond the HRA, unlike some other organizations. However, its role in helping participants manage their medical expenses is a valuable service within its specific scope.
Who is the CEO of Asc1 Inc Veba Health Investment Plan?
Hand Benefit Trust Co is the Trustee of Asc1 Inc Veba Health Investment Plan.
What is the revenue of Asc1 Inc Veba Health Investment Plan?
Asc1 Inc Veba Health Investment Plan's revenue in 2021 was $95.
Who are the executives of Asc1 Inc Veba Health Investment Plan 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 990EZ for Asc1 Inc Veba Health Investment Plan?
Asc1 Inc Veba Health Investment Plan's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Asc1 Inc Veba Health Investment Plan
Asc1 Inc's Veba Health Investment Plan is committed to supporting the medical needs of its participants. This is achieved through a Health Reimbursement Arrangement (HRA), a funding mechanism provided by Asc1 Inc. Eligible participants can receive medical reimbursements, with the potential amount reaching up to $2,502.82. The mission of this plan is to assist its participants in managing their medical expenses, thereby ensuring they have access to necessary healthcare services. This mission is fulfilled by providing a financial safety net, enabling participants to cover their medical costs as they arise.
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Impact
October, 2024
Asc1 Inc Veba Health Investment Plan significantly impacts its participants by providing financial support for medical expenses through a Health Reimbursement Arrangement (HRA). With approximately 21 eligible participants, the plan allows for reimbursements that can reach up to $2,502.82. This funding alleviates the financial burden of medical costs, enabling participants to access necessary healthcare services more easily. Located in Madison, WI, the plan ensures that its participants have the resources they need to manage their health expenses effectively, contributing to their overall well-being and financial stability.
This information is meant to be a general summary of Asc1 Inc Veba Health Investment Plan. 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: $34
- Gross Receipts: $3,373
Assets and Liabilities:
- Total Assets: $27,726
- Total Liabilities: $0
- Net Assets: $27,726
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Organization Details
Phone
(608) 241-6809Principal Officer
Hand Benefit Trust Co
Main Address
5817 Fermite Drive, Madison, WI, 537186843
NTEE Category
Code: Y43 - Mutual benefit
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