Overview
What is Trust For The Post Employment Health Plan For Public Employees - 3?
Trust for the Post Employment Health Plan for Public Employees - 3 is a nonprofit organization that serves public sector employees and their families. Based in Columbus, Ohio, its primary purpose is to address post-employment medical expenses. The trust accumulates employer contributions to cover health insurance premiums and other eligible medical costs for participants who leave their employment. In 2022, the medical insurance premiums paid on behalf of eligible participants amounted to $2,735,517. The trust also manages administrative expenses, which totaled $209,049 for the plan year. This nonprofit aims to provide support and financial assistance to public employees during their post-employment phase, ensuring they continue to receive necessary healthcare services.
Is Trust For The Post Employment Health Plan For Public Employees - 3 legitimate?
Trust For The Post Employment Health Plan For Public Employees - 3 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trust For The Post Employment Health Plan For Public Employees - 3 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 - 3?
The Trust for the Post Employment Health Plan for Public Employees-3 is established with a mission to offer a solution for managing post-employment medical expenses for public sector employees. This includes state and local government workers, as well as their political subdivisions. The Trust accumulates employer contributions, which are subsequently used to cover health insurance premiums and other eligible medical expenses for employees who retire or leave their jobs. The primary objective is to provide financial assistance to these individuals, ensuring they continue to receive necessary medical care after their employment ends.
What is the revenue of Trust For The Post Employment Health Plan For Public Employees - 3?
Trust For The Post Employment Health Plan For Public Employees - 3's revenue in 2024 was $7,206,350.
Who are the executives of Trust For The Post Employment Health Plan For Public Employees - 3 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 - 3?
Trust For The Post Employment Health Plan For Public Employees - 3'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 - 3
The Trust for the Post Employment Health Plan for Public Employees - 3 is an organization with a mission to address the post-employment medical expenses of public sector employees from state and local governments, along with their political subdivisions. The Trust's primary objective is to accumulate employer contributions for the reimbursement of health insurance and other eligible medical expenses for participants who cease employment from their respective organizations. This helps public employees continue to receive necessary medical care following their retirement or departure from service. The Trust plays a crucial role in providing financial support for the healthcare needs of public employees during their post-employment period.
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Impact
October, 2024
The Trust for the Post Employment Health Plan for Public Employees - 3 plays a crucial role in supporting former public sector employees by addressing their post-employment medical expenses. By providing reimbursement for eligible medical costs incurred after employment termination, the Trust alleviates financial burdens that retired public sector workers may face.
In 2022, the Trust facilitated over $2.7 million in medical insurance premiums on behalf of eligible participants, highlighting its significant impact on the financial well-being of those who have served in state and local government roles. The Trust accumulates contributions from employers specifically to fund these reimbursements, ensuring that individuals can access necessary healthcare without the added stress of exorbitant costs.
Administrative expenses are managed efficiently, totaling $209,049 in the plan year, which further emphasizes the Trust's commitment to delivering resources effectively. By securing financial support for medical expenses, the Trust not only assists former employees but also strengthens the overall employment framework within public service, making these positions more attractive to potential candidates.
This information is meant to be a general summary of Trust For The Post Employment Health Plan For Public Employees - 3. 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: $7,206,350
- Gross Receipts: $7,206,350
Assets and Liabilities:
- Total Assets: $45,523,973
- Total Liabilities: $0
- Net Assets: $45,523,973
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$7,206,350
Organization Details
Founding Year
1997
Principal Officer
Paula Miller
NTEE Category
Code: Y44 - Mutual benefit
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