Overview
What is Mdwise Marketplace Inc?
Mdwise Marketplace Inc is a nonprofit organization located in Indianapolis, Indiana, with the address 950 N Meridian Street 800. Their primary focus was on offering qualified health insurance plans through the Federally Facilitated Health Insurance Marketplace. These plans targeted individuals who do not meet the criteria for Indiana Medicaid programs. The organization administered various levels of plans, including Gold, Silver, and Bronze, which were subject to individual premiums and cost-sharing for residents aged 0-64. Depending on their income levels, individuals may have qualified for federal subsidies. The services offered by Mdwise Marketplace Inc played a significant role in providing health coverage options for those not eligible for Indiana Medicaid programs.
Official website here: www.mdwise.org
What are the reviews and ratings of this charity?
Mdwise Marketplace Inc is not currently rated by Charity Navigator. The absence of a rating is due to its status as a non-501(c)(3) nonprofit, which limits its evaluation through Charity Navigator's methodologies, such as Accountability & Finance or Impact & Measurement. This lack of rating does not imply a positive or negative judgment concerning its operations or efficacy.
The organization's data on revenue, expenses, and key personnel salaries remain unavailable. However, it operates independently and is not connected to larger national or regional nonprofit groupings. Despite the absence of comprehensive data, MDWISE MARKETPLACE INC’s operation details are documented through IRS Forms 990.
There are no user reviews available for Mdwise Marketplace Inc on GreatNonprofits, leaving a gap in public feedback and sentiment data. This lack of user reviews makes it challenging to gauge the firsthand impressions from those served by or associated with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mdwise Marketplace Inc legitimate?
Mdwise Marketplace Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mdwise Marketplace Inc 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.mdwise.org
What is the mission statement of Mdwise Marketplace Inc?
MDwise Marketplace Inc. provided health insurance solutions on the Federally Facilitated Health Insurance Marketplace for individuals who did not meet the eligibility criteria for Indiana Medicaid programs. Their offerings were suspended, and the organization is currently managing claims during a transitional phase. Originally, the company offered qualified plans on the Marketplace, established under the Affordable Care Act, catering to residents aged 0-64. The available plans encompassed three distinct levels: Gold, Silver, and Bronze, with varying premiums and cost-sharing structures based on individual income levels. Some individuals might have been eligible for federal subsidies to help cover the costs.
Official website here: www.mdwise.org
Who is the CEO of Mdwise Marketplace Inc?
Unavailable
Official website here: www.mdwise.org
What is the revenue of Mdwise Marketplace Inc?
Mdwise Marketplace Inc's revenue in 2021 was $12,574,578.
Official website here: www.mdwise.org
Who are the executives of Mdwise Marketplace Inc and what are their salaries?
There 2 volunteers at Mdwise Marketplace Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $366,340
- Other: $50,181
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,661,205
- Other: $204,508
- Compensation: $0
- Related: $375,910
- Other: $36,161
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $297,187
- Other: $41,695
Official website here: www.mdwise.org
Where can I find the form 990 for Mdwise Marketplace Inc?
Mdwise Marketplace Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.mdwise.org
Learn more at the official website: www.mdwise.org
Mission Statement of Mdwise Marketplace Inc
Mdwise Marketplace Inc, a company dedicated to providing health insurance solutions, aimed to serve individuals who did not qualify for Indiana Medicaid programs. Established as a participant in the Federally Facilitated Health Insurance Marketplace, this organization offered a range of qualified plans designed to cater to this specific demographic. With the inception of the Affordable Care Act, MDwise Marketplace Inc became an essential resource, providing access to health insurance for those in need.
The organization's offerings consisted of Gold, Silver, and Bronze level plans, each with unique benefits and cost structures. Depending on their income levels, individuals could potentially receive federal subsidies to help cover the premiums and cost sharing. MDwise Marketplace Inc's mission was to simplify the process of obtaining health insurance for those who might have otherwise faced challenges in accessing it.
Unfortunately, services provided by Mdwise Marketplace Inc have been discontinued, and the organization now finds itself in a period of claims run-out. Despite this transition, the organization's legacy of offering health insurance solutions to individuals who did not qualify for Indiana Medicaid programs continues to leave a positive impact in the community.
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Impact
October, 2024
Mdwise Marketplace Inc significantly impacted the healthcare landscape in Indiana by providing access to affordable insurance options for individuals who did not qualify for Medicaid. Through its offerings on the Federally Facilitated Health Insurance Marketplace, the organization made healthcare coverage attainable for many residents aged 0-64, catering specifically to those outside traditional Medicaid eligibility.
The marketplace offered a range of plans—Gold, Silver, and Bronze—allowing individuals to choose coverage that best suited their financial situation and healthcare needs. By facilitating access to federal subsidies based on income levels, Mdwise Marketplace helped to alleviate some of the financial burdens associated with medical care for uninsured populations.
However, the organization has since discontinued its services and is currently in a claims run-out phase, which ultimately limits its ongoing impact on the community's health coverage. The discontinuation of these services leaves a gap for many individuals who relied on Mdwise Marketplace for their insurance needs, highlighting the continuing challenges in ensuring accessible healthcare coverage for all.
This information is meant to be a general summary of Mdwise Marketplace Inc. 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 2021.
- Investment Income: $13,679
- Program Service Revenue: $12,485,186
- Gross Receipts: $12,574,578
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premium Revenue
Revenue
$12,485,186
Organization Details
Founding Year
2014
Phone
(317) 963-4842Main Address
950 N Meridian Street 800, Indianapolis, IN, 46204
Website
www.mdwise.orgNTEE Category
Code: E31 - Health
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