Overview
What is Trust For The Post Employment Health Plan For Public Employees - 7?
Trust For The Post Employment Health Plan For Public Employees - 7 is a nonprofit organization dedicated to helping public sector employees manage their post-employment medical expenses. Based in Columbus, Ohio, it collects employer contributions to reimburse eligible health insurance premiums and other medical expenses for participants who have left their respective jobs. In 2022, the Trust spent $861,562 on medical insurance premiums for eligible participants, while its administrative expenses amounted to $38,171 for the year. The organization's mission is to provide a solution for public employees to address the financial challenges of post-employment healthcare, ensuring they continue to receive essential medical coverage.
Is Trust For The Post Employment Health Plan For Public Employees - 7 legitimate?
Trust For The Post Employment Health Plan For Public Employees - 7 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trust For The Post Employment Health Plan For Public Employees - 7 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 - 7?
The Trust for the Post Employment Health Plan for Public Employees-7 has a mission to facilitate a solution for public sector employees, hailing from state and local governments, as well as their political subdivisions, in managing post-employment medical expenses. The Trust collects employer contributions to cover health insurance and other eligible medical expenses for individuals who depart from their respective jobs. This initiative aims to reimburse these expenses for participating employees, providing them with financial security post-employment.
Who is the CEO of Trust For The Post Employment Health Plan For Public Employees - 7?
Paula Miller is the Chief Trust Officer of Trust For The Post Employment Health Plan For Public Employees - 7.
What is the revenue of Trust For The Post Employment Health Plan For Public Employees - 7?
Trust For The Post Employment Health Plan For Public Employees - 7's revenue in 2022 was $1,627,901.
Who are the executives of Trust For The Post Employment Health Plan For Public Employees - 7 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 - 7?
Trust For The Post Employment Health Plan For Public Employees - 7'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 Public Employees - 7
The Trust for the Post Employment Health Plan for Public Employees-7, hereafter referred to as the Trust, is a mission-driven organization dedicated to addressing post-employment medical expenses for public sector employees. Its primary goal is to provide a mechanism for state and local government employees (along with their political subdivisions) to manage their medical expenses after retirement. The Trust accumulates employer contributions, which are then utilized to cover health insurance premiums and other eligible medical expenses for participants who leave their respective positions. By doing so, the Trust aims to offer a measure of financial security and peace of mind to its members during their post-employment years.
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Impact
October, 2024
Trust For The Post Employment Health Plan For Public Employees - 7 significantly impacts public sector employees by addressing the critical issue of post-employment medical expenses. By providing a structured means for state and local government employees and their political subdivisions to manage healthcare costs after retirement, the Trust serves as a vital safety net.
In 2022, the Trust facilitated reimbursement of over $861,000 in medical insurance premiums for eligible participants who had terminated service. This financial support alleviates the burden of high medical expenses that often accompany retirement, allowing former employees to maintain access to necessary healthcare services.
The Trust's efficient management, with administrative expenses at approximately $38,171, ensures that a substantial portion of contributions is directed towards direct benefits for participants. By accumulating employer contributions and allowing for reimbursement of eligible medical expenses, the Trust enables public employees to plan for a more secure healthcare future.
Overall, the Trust helps enhance the well-being of public sector retirees, promoting financial stability and health security during a critical phase of their lives.
This information is meant to be a general summary of Trust For The Post Employment Health Plan For Public Employees - 7. 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: $1,627,901
- Gross Receipts: $1,627,901
Assets and Liabilities:
- Total Assets: $10,586,003
- Total Liabilities: $0
- Net Assets: $10,586,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,627,901
Organization Details
Founding Year
1997
Phone
(614) 435-8378Principal Officer
Paula Miller
Main Address
10 W Nationwide Blvd Suite 5-1-105X, Columbus, OH, 432152220
NTEE Category
Code: Y43 - Mutual benefit
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