Overview
What is Trust For The Post Employment Health Plan For Public Employees?
The Trust for the Post Employment Health Plan for Public Employees is a nonprofit organization situated in Columbus, Ohio. Its primary mission is to assist public sector employees, specifically from state and local governments, and their political subdivisions, in managing post-employment medical expenses. The Trust accumulates employer contributions, which are later used to reimburse eligible health insurance premiums and other medical costs for participants who have left their respective jobs. In 2022, the Trust paid a total of $2,731,607 in medical insurance premiums for eligible participants. In addition, the Trust's administrative expenses for the year amounted to $124,611.
Is Trust For The Post Employment Health Plan For Public Employees legitimate?
Trust For The Post Employment Health Plan For Public Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trust For The Post Employment Health Plan For 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 Public Employees?
The Trust for the Post Employment Health Plan for Public Employees has a mission to offer a solution for addressing post-employment medical expenses for public sector employees from state and local governments, as well as their political subdivisions. This is achieved by accumulating employer contributions, which are later used to reimburse health insurance and eligible medical expenses for individuals who leave their respective jobs. The goal is to provide financial assistance and ensure continued healthcare coverage for these employees after retirement or job separation.
What is the revenue of Trust For The Post Employment Health Plan For Public Employees?
Trust For The Post Employment Health Plan For Public Employees's revenue in 2024 was $2,625,096.
Who are the executives of Trust For The Post Employment Health Plan For 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 Public Employees?
Trust For The Post Employment Health Plan For Public Employees's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Trust For The Post Employment Health Plan For Public Employees
The Trust for the Post Employment Health Plan for Public Employees, in essence, is a mission-driven organization with the primary goal of addressing post-employment medical expenses for public sector employees. This nonprofit entity accumulates contributions from employers of state and local governments, as well as their political subdivisions, with the aim of reimbursing eligible health insurance and medical expenses for employees who leave their respective positions. By doing so, the Trust provides a crucial safety net, ensuring that public employees can continue to access necessary medical care even after they have retired or changed jobs. This proactive approach not only benefits the employees but also contributes to the overall well-being of the communities they serve, ensuring that skilled public personnel can maintain their health and continue contributing positively to society.
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Impact
October, 2024
The Trust for the Post Employment Health Plan for Public Employees plays a critical role in supporting former public sector employees by addressing their post-employment medical expenses. Its mission focuses on reimbursing eligible medical costs for individuals who have retired or separated from their state or local government positions. In 2022, the Trust facilitated support for medical insurance premiums amounting to over $2.7 million, illustrating its significant impact on the financial well-being of these participants.
By accumulating employer contributions, the Trust establishes a safety net for retirees, easing the burden of healthcare costs during retirement. This financial assistance allows former public employees to maintain access to necessary medical care, thereby influencing their overall quality of life and health outcomes. The administrative efficiency of the Trust, with expenditures for management totaling approximately $124,611, underscores its commitment to maximizing the benefits received by participants relative to operational costs.
Overall, the Trust for the Post Employment Health Plan for Public Employees fosters a sense of security among public servants in their retirement years, ensuring they can manage healthcare expenses effectively and confidently.
This information is meant to be a general summary of Trust For The Post Employment Health Plan For 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 2024.
- Program Service Revenue: $2,625,096
- Gross Receipts: $2,625,096
Assets and Liabilities:
- Total Assets: $31,284,178
- Total Liabilities: $0
- Net Assets: $31,284,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,625,096
Organization Details
Founding Year
1997
Principal Officer
Paula Miller
NTEE Category
Code: Y40 - Mutual benefit
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