Overview
What is Trust For The Post Employment Health Plan For Collectively Bargained Public Employees?
The Trust for the Post Employment Health Plan for Collectively Bargained Public Employees is a nonprofit organization dedicated to addressing post-employment medical expenses for public sector employees of state and local governments, and their political subdivisions. They accumulate employer contributions to reimburse health insurance premiums and other eligible medical expenses for participants who separate from their respective employers. With the mission to provide a means for public employers to manage post-employment medical costs, the Trust reimburses eligible medical expenses for terminated employees. In the year 2022, the Trust spent $17.67 million on medical insurance premiums for the eligible participants and had administrative expenses of approximately $1.28 million.
Is Trust For The Post Employment Health Plan For Collectively Bargained Public Employees legitimate?
Trust For The Post Employment Health Plan For Collectively Bargained Public Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trust For The Post Employment Health Plan For Collectively Bargained Public Employees 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 Trust For The Post Employment Health Plan For Collectively Bargained Public Employees?
The Trust for the Post Employment Health Plan serves a crucial role for collectively bargained public employees and their employers. Its mission is centered around addressing post-employment medical expenses for these individuals. The Trust accumulates employer contributions in order to reimburse health insurance and eligible medical expenses for employees who have separated from their respective governments or local entities. By providing this essential service, the Trust ensures that public sector employees have continued access to healthcare coverage even after leaving their jobs.
Who is the CEO of Trust For The Post Employment Health Plan For Collectively Bargained Public Employees?
Paula Miller is the Chief Trust Officer of Trust For The Post Employment Health Plan For Collectively Bargained Public Employees.
What is the revenue of Trust For The Post Employment Health Plan For Collectively Bargained Public Employees?
Trust For The Post Employment Health Plan For Collectively Bargained Public Employees's revenue in 2022 was $27,709,605.
Who are the executives of Trust For The Post Employment Health Plan For Collectively Bargained Public Employees 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 Trust For The Post Employment Health Plan For Collectively Bargained Public Employees?
Trust For The Post Employment Health Plan For Collectively Bargained Public Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trust For The Post Employment Health Plan For Collectively Bargained Public Employees
The Trust for the Post Employment Health Plan for Collectively Bargained Public Employees is a mission-driven organization dedicated to addressing the post-employment medical expenses for public sector employees of state and local governments and their political subdivisions. In simpler terms, the Trust functions as a means for these employers to provide for their employees' healthcare needs after they have left their services. The Trust accumulates employer contributions, which are subsequently used for the reimbursement of health insurance and other eligible medical expenses for participants who have terminated their employment. By doing so, the Trust ensures that public employees have continued access to essential healthcare services even after they retire or leave their jobs. This vital support not only maintains the wellbeing of these individuals but also fosters peace of mind and financial security for them and their families.
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Impact
October, 2024
The Trust For The Post Employment Health Plan For Collectively Bargained Public Employees significantly impacts public sector employees by providing crucial financial support for medical expenses incurred after retirement or separation from service. This initiative addresses a pressing need by reimbursing eligible medical expenses, thereby ensuring that former public employees can manage their healthcare costs during retirement.
In 2022, the Trust facilitated the payment of over $16.3 million towards medical insurance premiums for participants, showcasing its vital role in supporting the health and well-being of those who have served in public sector roles. This not only alleviates financial burdens but also fosters peace of mind for retired employees, allowing them to access necessary healthcare without overwhelming out-of-pocket expenses.
Moreover, the Trust collects employer contributions to accumulate resources, ensuring sustainability and reliability in providing these benefits. With administrative expenses carefully managed at about $1.3 million, the Trust demonstrates an efficient use of funds, which further enhances its contribution to public sector employees' post-employment healthcare.
Overall, the Trust serves as a critical resource for countless individuals, reinforcing the commitment to support the workforce that has dedicated itself to public service. By addressing post-employment medical expenses, it plays a key role in maintaining the health security of public employees and their families.
This information is meant to be a general summary of Trust For The Post Employment Health Plan For Collectively Bargained Public Employees. 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 2022.
- Program Service Revenue: $27,709,605
- Gross Receipts: $27,709,605
Assets and Liabilities:
- Total Assets: $277,732,612
- Total Liabilities: $0
- Net Assets: $277,732,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$27,709,605
Organization Details
Founding Year
1991
Phone
(614) 435-8378Principal Officer
Paula Miller
Main Address
10 W Nationwide Blvd Suite 5-1-105X, Columbus, OH, 432152220
NTEE Category
Code: Y40 - Mutual benefit
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