Overview
What is Oregon's Health Co-Op?
Oregon's Health Co-Op is a nonprofit organization, registered as a Consumer Operated and Oriented Plan under the Affordable Care Act. Based on the information provided, it appears that the Co-op offered health insurance coverage to individuals, small groups, and large businesses in Oregon, both on and off the Oregon Health Insurance Exchange. The Co-op operated as a public benefit corporation, with a mission to provide health care insurance and services to its customers. Unfortunately, the Co-op ceased operations as a health insurance carrier on July 31, 2016, and entered state receivership on July 11, 2016. As of March 2, 2017, the organization entered into liquidation, and the wind-down of its operations is currently in progress. Although the Co-op is no longer active, its history as a nonprofit health insurance provider in Oregon remains significant.
Official website here: www.ohcoop.org
Is Oregon's Health Co-Op legitimate?
Oregon's Health Co-Op is a legitimate nonprofit organization registered as a 501(c)(29) entity. Oregon's Health Co-Op 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.ohcoop.org
What is the mission statement of Oregon's Health Co-Op?
Oregon's Health Co-Op, functioning as a nonprofit public benefit corporation, operated as a consumer-oriented health plan under Section 1322 of the Affordable Care Act. Its primary activity involved providing health insurance and services to individuals and businesses, both on and off the Oregon Health Insurance Exchange. Unfortunately, the organization ceased operating as a health insurance carrier on July 31, 2016. Effective July 11, 2016, Oregon's Health Co-Op entered state receivership, leading to the termination of all policies by July 31, 2016. Subsequently, on March 2, 2017, the organization entered liquidation, and the wind-down of its operations is currently underway. While it's crucial to note that Oregon's Health Co-Op no longer operates as a health insurance carrier, its mission and purpose are not explicitly provided in the given information.
Official website here: www.ohcoop.org
Who is the CEO of Oregon's Health Co-Op?
Jan Moenck is the Special Deputy Receiver of Oregon's Health Co-Op.
Official website here: www.ohcoop.org
What is the revenue of Oregon's Health Co-Op?
Oregon's Health Co-Op's revenue in 2022 was $1,674,485.
Official website here: www.ohcoop.org
Who are the executives of Oregon's Health Co-Op and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ohcoop.org
Where can I find the form 990 for Oregon's Health Co-Op?
Oregon's Health Co-Op's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ohcoop.org
Learn more at the official website: www.ohcoop.org
Mission Statement of Oregon's Health Co-Op
Oregon's Health Co-Op, operating as a nonprofit public benefit corporation, dedicated its mission to functioning as a Consumer Operated and Oriented Health Plan, as defined under Section 1322 of the Affordable Care Act. This organization aimed to provide health insurance and services to both individuals and businesses, offering coverage both on and off the Oregon Health Insurance Exchange. Oregon's Health Co-Op ceased operations as a health insurance carrier on July 31, 2016. Subsequently, on July 11, 2016, the organization entered state receivership, leading to the termination of all policies by July 31, 2016. The wind-down of operations commenced on March 2, 2017, with the organization entering liquidation, marking its transition into a process of closing down its operations.
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Impact
October, 2024
Oregon's Health Co-Op had a significant impact on the accessibility of healthcare coverage in the state. As a consumer-operated and oriented health plan defined under the Affordable Care Act, it aimed to provide a range of insurance options to individuals and businesses. It offered health insurance coverage to thousands, which contributed to the overall expansion of healthcare access in Oregon during its operational years.
The Co-Op was particularly important for small groups and individuals who sought alternatives to traditional health insurance carriers. By facilitating competition in the market, it aimed to improve service quality and pricing for consumers. However, the organization ceased operations on July 31, 2016, and entered state receivership shortly thereafter, ultimately leading to its liquidation in 2017.
The challenges faced by Oregon's Health Co-Op highlight the complexities of the health insurance landscape, as well as the potential vulnerabilities of consumer-operated plans. Despite its closure, the Co-Op's existence contributed to discussions about healthcare reform, consumer choice, and the future of health insurance models in the region.
This information is meant to be a general summary of Oregon's Health Co-Op. 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: $915
- Gross Receipts: $1,674,485
Assets and Liabilities:
- Total Assets: $26,343,148
- Total Liabilities: $65,401,722
- Net Assets: -$39,058,574
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Organization Details
Founding Year
2011
Phone
(612) 629-9079Principal Officer
Jan Moenck
Main Address
20 BATTERSON PARK RD 380, FARMINGTON, CT, 06032
Website
www.ohcoop.orgNTEE Category
Code: Y20 - Mutual benefit
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