Overview
What is Medica Health Plans?
Medica Health Plans is a non-profit organization that offers health insurance solutions in various markets, including individuals, families, groups, seniors, and governments. The corporation also runs a health management company, a charitable grant-making foundation, and a research institute. Medica's mission is to be the trusted health plan of choice for customers, members, partners, and employees. They aim to deliver quality health plans and support for diverse populations.
Official website here: www.medica.com
What are the reviews and ratings of this charity?
Medica Health Plans does not have a current rating on Charity Navigator. The absence of a rating is due to the organization's ineligibility to be evaluated under Charity Navigator's criteria, as it is not registered as a 501(c)(3) nonprofit. This means that Charity Navigator's typical beacons such as Accountability & Finance, Impact & Measurement, and others are not applicable.
Despite the lack of a formal evaluation, it's important to note that this doesn't suggest any particular issues or endorsements for the organization. The available information does not disclose any financial figures such as revenue, expenses, or salaries, limiting any deep dive into their financial health or operations through Charity Navigator.
GreatNonprofits lacks user reviews for Medica Health Plans, providing no user-submitted insights or sentiment on the quality or experiences associated with this organization. Consequently, potential donors or participants might rely on alternative sources or direct inquiries for more detailed evaluations or feedback.
This AI summary has been generated from information found on Charity Navigator.
Is Medica Health Plans legitimate?
Medica Health Plans is a legitimate nonprofit organization registered as a 501(c)(4) entity. Medica Health Plans 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
For more financial information, click here
Official website here: www.medica.com
What is the mission statement of Medica Health Plans?
Medica Health Plans aims to be the preferred choice of health plan for customers, members, partners, and employees. As a non-profit organization, Medica offers health insurance products for various markets and operates a health management company, a charitable foundation, and a research institute. The corporation's mission is focused on building trust and delivering quality services to its diverse clientele.
Official website here: www.medica.com
Who is the CEO of Medica Health Plans?
Elizabeth Erickson is the President & Ceo of Medica Health Plans. The CEO's salary of Medica Health Plans is $0 and their total compensation is $2,880,062.
Official website here: www.medica.com
What is the revenue of Medica Health Plans?
Medica Health Plans's revenue in 2022 was $1,320,077,888.
Official website here: www.medica.com
Who are the executives of Medica Health Plans and what are their salaries?
There are 22 employees at Medica Health Plans.
Here are 10 key members and their salaries (Medica Health Plans's CEO's salary is $0 and their total compensation is $2,880,062):
- Compensation: $0
- Related: $2,835,957
- Other: $44,105
- Compensation: $0
- Related: $133,000
- Other: $0
- Compensation: $0
- Related: $87,375
- Other: $0
- Compensation: $0
- Related: $92,625
- Other: $0
- Compensation: $0
- Related: $87,375
- Other: $0
- Compensation: $0
- Related: $663,642
- Other: $55,294
- Compensation: $0
- Related: $1,039,962
- Other: $27,542
- Compensation: $0
- Related: $735,741
- Other: $99,633
- Compensation: $0
- Related: $11,500
- Other: $0
- Compensation: $0
- Related: $595,469
- Other: $0
Official website here: www.medica.com
Where can I find the form 990 for Medica Health Plans?
Medica Health Plans's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medica.com
Learn more at the official website: www.medica.com
Mission Statement of Medica Health Plans
Medica Health Plans, a trusted name in the health insurance sector, is on a mission to be the preferred choice for customers, members, partners, and employees. This non-profit corporation offers health insurance products for various markets, including individuals, families, groups, seniors, and governments. Beyond insurance, Medica also operates as a health management company, a charitable grant-making foundation, and a research institute.
In its commitment to being the trusted health plan of choice, Medica strives to provide comprehensive health coverage that caters to diverse needs. It serves as a beacon of hope for individuals and families, offering them peace of mind through reliable and accessible health insurance solutions. Medica's extensive range of offerings ensures that it caters to a multitude of customers, from individuals seeking personalized care to businesses looking for group coverage for their employees.
The organization's non-profit status allows it to go beyond the realm of traditional health insurance providers. Through its charitable grant-making foundation, Medica invests in initiatives that promote health and wellness in communities. The research institute, another integral part of the organization, contributes to the advancement of medical knowledge and the development of innovative healthcare solutions. Together, these entities reflect Medica's unwavering dedication to improving the health and well-being of the people it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Medica Health Plans aims to be the trusted health plan of choice for customers, members, partners, and employees, significantly impacting the healthcare landscape. By providing a range of health insurance products for individuals, families, groups, seniors, and government markets, Medica enhances access to essential healthcare services.
The organization also operates a health management company, focusing on improving health outcomes through preventive care and wellness initiatives. Additionally, Medica's commitment to philanthropic efforts through its charitable grant-making foundation supports various community health initiatives, further extending its impact beyond insurance coverage.
Through its research institute, Medica contributes to the advancement of healthcare knowledge, promoting innovations that can improve patient care and system efficiency. Overall, Medica Health Plans plays a crucial role in shaping healthier communities in Minnetonka, MN, and beyond.
This information is meant to be a general summary of Medica Health Plans. 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.
- Investment Income: $9,735,241
- Program Service Revenue: $1,312,233,602
- Gross Receipts: $2,230,886,023
Assets and Liabilities:
- Total Assets: $849,808,305
- Total Liabilities: $232,560,461
- Net Assets: $617,247,844
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE REVENUE
Revenue
$917,620,456
MEDICAID REVENUE
Revenue
$382,929,298
GROUP & INDIV. PREM.
Revenue
$11,683,848
Organization Details
Founding Year
1973
Phone
(952) 992-2753Principal Officer
Elizabeth Erickson
Main Address
401 CARLSON PARKWAY CP 330, MINNETONKA, MN, 55305
Website
www.medica.comIf you are a representative of Medica Health Plans and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.