Overview
What is Maine Community Health Options?
Maine Community Health Options is a consumer-operated and oriented nonprofit health insurance issuer based in New Gloucester, Maine. Established in accordance with Section 1322 of the Patient Protection and Affordable Care Act, the organization focuses on partnering with Maine residents, businesses, and health professionals to provide affordable, high-quality healthcare benefits that promote health and wellbeing. They create innovative healthcare delivery methods to improve healthcare value through better health outcomes at lower costs. The consumer-governed organization also plays a role in promoting the health of the Maine population and educating the public about health and related topics. Maine Community Health Options is licensed to issue qualified health plans in Maine and maintains the required reserves as per state law.
Official website here: www.healthoptions.org
Is Maine Community Health Options legitimate?
Maine Community Health Options is a legitimate nonprofit organization registered as a 501(c)(29) entity. Maine Community Health Options 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: $2,458,465
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,192,928
For more financial information, click here
Official website here: www.healthoptions.org
What is the mission statement of Maine Community Health Options?
Maine Community Health Options is a consumer-operated and oriented health insurance issuer, established to provide affordable and high-quality health benefits that promote health and wellbeing. The organization partners with members, businesses, and healthcare professionals to create innovative healthcare delivery methods, enhancing healthcare value through improved health outcomes at lower costs. Maine Community Health Options operates as a nonprofit, adhering to the provisions of Section 1322 of the Patient Protection and Affordable Care Act. The organization maintains and reports the full amount of reserves required by law. In summary, Maine Community Health Options aims to collaborate with various stakeholders to offer affordable healthcare and promote health and wellbeing.
Official website here: www.healthoptions.org
Who is the CEO of Maine Community Health Options?
Kevin Lewis is the Chief Executive Officer of Maine Community Health Options. The CEO's salary of Maine Community Health Options is $420,298 and their total compensation is $452,499.
Official website here: www.healthoptions.org
What is the revenue of Maine Community Health Options?
Maine Community Health Options's revenue in 2022 was $240,547,158.
Official website here: www.healthoptions.org
Who are the executives of Maine Community Health Options and what are their salaries?
The average compensation at Maine Community Health Options during 2022 was $86,526. There are 204 employees and 15 volunteers at Maine Community Health Options.
Here are 25 key members and their salaries (Maine Community Health Options's CEO's salary is $420,298 and their total compensation is $452,499):
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- Compensation: $248,460
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- Other: $15,212
- Compensation: $420,298
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- Compensation: $305,416
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- Compensation: $252,433
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- Compensation: $175,006
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- Compensation: $165,901
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- Compensation: $182,050
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- Other: $35,105
- Compensation: $172,774
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- Other: $26,043
- Compensation: $163,202
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- Other: $21,938
Official website here: www.healthoptions.org
Where can I find the form 990 for Maine Community Health Options?
Maine Community Health Options's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.healthoptions.org
Learn more at the official website: www.healthoptions.org
Mission Statement of Maine Community Health Options
Maine Community Health Options, or MCHO, is a consumer-operated and oriented nonprofit health insurance issuer established to provide affordable, high-quality benefits that promote health and wellbeing in accordance with the Patient Protection and Affordable Care Act. This organization partners with members, businesses, and health professionals to create innovative healthcare delivery models, aiming to improve healthcare value through better health outcomes at lower costs. MCHO's mission extends beyond insurance, as they promote the health of the people of Maine and educate the public about health, healthcare, and related topics.
As a licensee to issue qualified health plans in Maine and New Hampshire, MCHO maintains and reports the required reserves as per state laws, amounting to $100,000 in Maine and $0 in New Hampshire. This consumer-governed nonprofit organization has a strong commitment to its community, striving to create an environment where affordable and effective healthcare is accessible to all. Through its collaborative efforts with stakeholders and its innovative approach to healthcare delivery, Maine Community Health Options is dedicated to enhancing the overall health and wellbeing of the individuals it serves.
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Impact
October, 2024
Maine Community Health Options (MCHO) plays a significant role in enhancing the health and wellbeing of communities in Maine. By partnering with individuals, businesses, and healthcare professionals, MCHO offers affordable, high-quality health benefits that prioritize access to effective healthcare services.
The organization focuses on creating innovative healthcare delivery methods that aim to improve health outcomes while lowering costs. This approach not only enhances the overall value of healthcare but also supports a healthier population by making essential services more accessible.
Additionally, MCHO is dedicated to promoting public health and educating the community on healthcare topics, fostering a more informed and proactive approach to personal and community health. Through its consumer-governed model, MCHO ensures that the needs and preferences of its members are at the forefront of its operations, contributing to a more equitable healthcare landscape in Maine.
This information is meant to be a general summary of Maine Community Health Options. 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: $1,969,083
- Program Service Revenue: $237,174,514
- Gross Receipts: $258,229,378
Assets and Liabilities:
- Total Assets: $165,981,999
- Total Liabilities: $47,198,983
- Net Assets: $118,783,016
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM REVENUE
Revenue
$237,174,514
Organization Details
Founding Year
2011
Phone
(207) 402-3330Principal Officer
Kevin Lewis
Main Address
60 PINELAND DRIVE AUBURN HALL 301, NEW GLOUCESTER, ME, 04260
Website
www.healthoptions.orgNTEE Category
Code: Y20 - Mutual benefit
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