Overview
What is The Trust For The Post Employment Health Plan For Public Employees - 8?
The Trust for the Post Employment Health Plan for Public Employees - 8 is a nonprofit organization based in Columbus, Ohio. Its primary mission is to offer a solution for public sector employees from state and local governments (and their political subdivisions) to manage post-employment medical expenses. By accumulating employer contributions, the Trust reimburses eligible health insurance premiums and other medical expenses for participants who have left their respective jobs. In the year 2022, the Trust expended $618,646 on medical insurance premiums for eligible participants, while its administrative expenses totaled $60,752.
Is The Trust For The Post Employment Health Plan For Public Employees - 8 legitimate?
The Trust For The Post Employment Health Plan For Public Employees - 8 is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Trust For The Post Employment Health Plan For Public Employees - 8 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 The Trust For The Post Employment Health Plan For Public Employees - 8?
The Trust for the Post Employment Health Plan for Public Employees-8 has a mission to offer a solution for managing post-employment medical expenses for public sector employees from state and local governments, along with their political subdivisions. Their primary objective is to accumulate employer contributions, which are then utilized for reimbursing health insurance and covering eligible medical expenses for individuals who leave their respective jobs. This initiative aims to provide financial assistance and alleviate the burden of medical expenses during post-employment periods.
Who is the CEO of The Trust For The Post Employment Health Plan For Public Employees - 8?
Paula Miller is the Chief Trust Officer of The Trust For The Post Employment Health Plan For Public Employees - 8.
What is the revenue of The Trust For The Post Employment Health Plan For Public Employees - 8?
The Trust For The Post Employment Health Plan For Public Employees - 8's revenue in 2022 was $503,857.
Who are the executives of The Trust For The Post Employment Health Plan For Public Employees - 8 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 The Trust For The Post Employment Health Plan For Public Employees - 8?
The Trust For The Post Employment Health Plan For Public Employees - 8's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Trust For The Post Employment Health Plan For Public Employees - 8
The Trust for the Post Employment Health Plan for Public Employees-8, in essence, serves a crucial role for public sector employees and their respective state and local governments, as well as their political subdivisions. Its primary mission is to address the post-employment medical expenses that these employees may encounter after leaving their jobs. The Trust accumulates employer contributions to provide reimbursement for eligible health insurance and medical expenses for participants who have separated from their employment. By doing so, The Trust aims to alleviate financial burdens associated with post-employment healthcare, ensuring that these individuals can maintain their well-being even after leaving their jobs in the public sector.
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Impact
October, 2024
The Trust For The Post Employment Health Plan For Public Employees - 8 plays a critical role in supporting public sector employees by ensuring they have access to medical reimbursements after their employment ends. By providing a structured means to address post-employment medical expenses, the Trust alleviates financial burdens on retired employees, particularly in a landscape where healthcare costs can be significant.
In 2022 alone, the Trust reimbursed over $618,000 in medical insurance premiums, demonstrating its financial commitment to its beneficiaries. This support is especially vital for those transitioning into retirement, where medical expenses can quickly accumulate. The administrative efforts, costing about $60,752 for the same year, highlight the operational dedication required to manage these funds effectively.
By accumulating employer contributions specifically for health insurance and other eligible medical expenses, the Trust offers a safety net that enhances the overall well-being of retired public employees and contributes to their financial stability. The impact of this Trust thus extends beyond mere financial assistance; it fosters peace of mind for those who have dedicated their careers to public service, ensuring they can maintain access to necessary healthcare once they leave their positions.
This information is meant to be a general summary of The Trust For The Post Employment Health Plan For Public Employees - 8. 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: $503,857
- Gross Receipts: $503,857
Assets and Liabilities:
- Total Assets: $10,349,009
- Total Liabilities: $0
- Net Assets: $10,349,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$503,857
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: Y40 - Mutual benefit
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