Overview
What is Health Repulic Insurance Company?
Health Repulic Insurance Company, located in Portland, Oregon, was established as a nonprofit organization with a mission to operate a consumer-oriented health plan cooperative under the Affordable Care Act. They offered qualified health policies both through the Oregon Exchange and directly to consumers from 2014 to 2015. After terminating all coverage by the end of 2015, they managed the run-out of operations until their full liquidation was completed in 2022. Although the company is no longer active, its initial purpose was to provide affordable healthcare coverage for individuals and small groups as a nonprofit health insurer.
Official website here: www.none
Is Health Repulic Insurance Company legitimate?
Health Repulic Insurance Company is a legitimate nonprofit organization registered as a 501(c)(29) entity. Health Repulic Insurance Company 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Health Repulic Insurance Company?
The Health Republic Insurance Company's mission was to establish and manage a consumer-oriented and focused health plan cooperative, serving as a qualified nonprofit health insurer under Section 1322 of the Affordable Care Act. Their primary goal was to provide healthcare coverage for individuals and small groups. They offered qualified health policies through the Oregon Exchange and directly to consumers, starting from January 1, 2014. However, they discontinued all coverage as of December 31, 2015. Following the termination, they managed the run-out of operations until the full liquidation was completed in 2022.
Official website here: www.none
Who is the CEO of Health Repulic Insurance Company?
Dawn Bonder is the Chief Executive Officer of Health Repulic Insurance Company. The CEO's salary of Health Repulic Insurance Company is $5,000 and their total compensation is $5,000.
Official website here: www.none
What is the revenue of Health Repulic Insurance Company?
Health Repulic Insurance Company's revenue in 2022 was $1.
Official website here: www.none
Who are the executives of Health Repulic Insurance Company and what are their salaries?
Here are 2 key members and their salaries (Health Repulic Insurance Company's CEO's salary is $5,000 and their total compensation is $5,000):
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Health Repulic Insurance Company
Health Republic Insurance Company, as a qualified nonprofit health insurer under section 1322 of the Affordable Care Act, was established with a mission to create and operate a consumer-oriented and operated plan co-op. This mission aimed to provide healthcare coverage for individuals and small groups, operating with the consumer at the forefront. Initially, the company offered qualified health policies through the Oregon Exchange and directly to consumers, with coverage effective from January 1, 2014. However, the company terminated all coverage as of December 31, 2015. Post-termination, Health Republic Insurance Company managed the run-out of operations until the full liquidation was completed in 2022. Throughout its operation, the company aimed to serve its consumers with a consumer-centric approach, providing healthcare coverage in alignment with the Affordable Care Act.
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
Health Republic Insurance Company played a significant role in providing healthcare coverage options to individuals and small groups in Oregon. By offering qualified health policies through the Oregon Exchange and directly to consumers, the company aimed to enhance access to affordable healthcare starting January 1, 2014. Its mission was rooted in the principles of being consumer-operated and oriented, focusing on the needs of its members.
Despite its initial success, Health Republic Insurance Company faced challenges that led to the termination of all coverage by December 31, 2015. The subsequent management of its operations until the completion of full liquidation in 2022 highlights the complexities faced by cooperative health insurers within the marketplace created by the Affordable Care Act. This experience contributed to the ongoing dialogue about the viability and sustainability of similar models in the healthcare landscape.
This information is meant to be a general summary of Health Repulic Insurance Company. 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: $1
- Gross Receipts: $1
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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.
Direct Health and Medical Insurance
Organization Details
Founding Year
2011
Phone
(971) 232-1247Principal Officer
Dawn Bonder
Main Address
4804 NW BETHANY BLVD STE 1-2 246, Portland, OR, 97229
Website
www.noneNTEE Category
Code: Y20 - Mutual benefit
If you are a representative of Health Repulic Insurance Company 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.