Overview
What is Trust For The Post Employment Health Plan For Public Employees - 2?
Trust For The Post Employment Health Plan For Public Employees - 2 is a nonprofit organization, specifically a trust, established to assist public sector employees in managing their post-employment medical expenses. Based in Columbus, Ohio, the Trust accumulates employer contributions to cover eligible health insurance premiums and medical expenses for individuals who have left their respective jobs. The trust's mission is to provide a financial solution for state and local government employees, ensuring they have continued access to medical care following their employment termination. In the year 2022, the Trust spent $973,516 on medical insurance premiums for eligible participants, and its administrative expenses totaled $51,489 for the plan year.
Is Trust For The Post Employment Health Plan For Public Employees - 2 legitimate?
Trust For The Post Employment Health Plan For Public Employees - 2 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trust For The Post Employment Health Plan For Public Employees - 2 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 - 2?
The Trust for the Post Employment Health Plan for Public Employees-2 is dedicated to serving public sector workers from state and local governments, along with their political subdivisions. Its primary mission is to provide a solution for addressing post-employment medical expenses. The Trust accumulates employer contributions, which are subsequently utilized for reimbursement of health insurance and other eligible medical expenses for participants who part ways from their respective employers. This initiative aims to provide financial assistance and peace of mind for employees during their post-employment period.
What is the revenue of Trust For The Post Employment Health Plan For Public Employees - 2?
Trust For The Post Employment Health Plan For Public Employees - 2's revenue in 2024 was $1,984,010.
Who are the executives of Trust For The Post Employment Health Plan For Public Employees - 2 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 - 2?
Trust For The Post Employment Health Plan For Public Employees - 2'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 - 2
The Trust for the Post Employment Health Plan for Public Employees - 2, in essence, aims to serve as a solution for addressing post-employment medical expenses for public sector employees hailing from state and local governments (along with their political subdivisions). Its mission is to accumulate contributions from employers, which are then utilized to reimburse health insurance and various eligible medical expenses for individuals who have parted ways with their respective employers. By doing so, the Trust aims to provide a degree of financial security for these individuals during their post-employment phase.
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Impact
October, 2024
The Trust for the Post Employment Health Plan for Public Employees - 2 significantly impacts the financial well-being of public sector employees by addressing their post-employment medical expenses. By reimbursing eligible medical expenses, including medical insurance premiums, the Trust provides crucial support for individuals who have terminated their service with state or local governments and their political subdivisions. In 2022, the Trust reimbursed nearly $1 million in medical insurance premiums, demonstrating its commitment to ensuring that former employees have access to necessary healthcare after leaving their positions.
This initiative not only eases the financial burden associated with medical costs for retirees but also fosters a sense of security for public employees transitioning into retirement. Furthermore, by accumulating employer contributions specifically for these reimbursements, the Trust helps public employers manage their financial responsibilities toward former employees in a structured manner.
With its notable administrative expenses, the Trust operates efficiently to ensure that a significant portion of funds directly benefits participants, thus reinforcing the mission to facilitate access to essential healthcare services for retired public employees. Overall, the Trust's operations enhance the quality of life for its participants, allowing them to focus on their health and well-being after their careers in public service.
This information is meant to be a general summary of Trust For The Post Employment Health Plan For Public Employees - 2. 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: $1,984,010
- Gross Receipts: $1,984,010
Assets and Liabilities:
- Total Assets: $17,185,031
- Total Liabilities: $0
- Net Assets: $17,185,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,984,010
Organization Details
Founding Year
1997
Principal Officer
Paula Miller
NTEE Category
Code: Y40 - Mutual benefit
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