Overview
What is General Electric Insurance Plan Trust?
The General Electric Insurance Plan Trust is a charitable trust located in Norwalk, Connecticut, with the address 901 Main Avenue, 06851. It functions as a nonprofit organization, providing vital benefits to eligible individuals as outlined in its plans. The trust covers various expenses for its members, including medical and dental costs, flexible spending accounts for healthcare and dependent care, short-term disability, and life and accidental death insurance. In essence, the trust serves to alleviate financial burdens for its members in their time of need.
Is General Electric Insurance Plan Trust legitimate?
General Electric Insurance Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. General Electric Insurance Plan Trust 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:
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What is the mission statement of General Electric Insurance Plan Trust?
The General Electric Insurance Plan Trust is committed to providing benefits to eligible members to help cover medical and dental expenses, as well as offer flexible spending accounts for other healthcare and dependent care costs. In accordance with the trust's terms, it offers short-term disability benefits for non-occupational illnesses or injuries and provides life and accidental death and dismemberment insurance benefits. The trust's primary goal is to fund and facilitate the payment of these benefits to eligible individuals.
Who is the CEO of General Electric Insurance Plan Trust?
Richard Middlebrook is the Trustee of General Electric Insurance Plan Trust.
What is the revenue of General Electric Insurance Plan Trust?
General Electric Insurance Plan Trust's revenue in 2022 was $1,170,754,648.
Who are the executives of General Electric Insurance Plan Trust and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for General Electric Insurance Plan Trust?
General Electric Insurance Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of General Electric Insurance Plan Trust
The General Electric Insurance Plan Trust, a prominent organization, is dedicated to extending financial assistance to eligible members in covering their medical and dental expenses. The Trust's primary objective is to provide benefits as outlined in the plan's terms, enabling members to pay for a range of healthcare-related costs.
In greater detail, the Trust offers coverage for medical expenses and dental care, ensuring that members have access to necessary healthcare services. Furthermore, it provides Flexible Spending Accounts, which allow members to set aside funds for otherwise unreimbursed medical and dependent care costs. The Trust goes beyond healthcare, offering Short-Term Disability Benefits for non-occupational illness or injury, providing members with an added layer of financial protection. Lastly, the Trust offers Life and Accidental Death and Dismemberment Insurance Benefits, ensuring that members and their families receive financial support in the face of unexpected tragedies.
By providing these benefits, the General Electric Insurance Plan Trust plays a significant role in alleviating the financial burden of healthcare costs for its members, enabling them to focus on their well-being and recovery.
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Impact
October, 2024
The General Electric Insurance Plan Trust significantly impacts its eligible members by providing essential financial support for various medical and dental expenses. Through its funding structure, the Trust ensures that members can access benefits that cover medical bills, dental care, and flexible spending accounts for unreimbursed medical and dependent care costs. This supports members in managing healthcare expenditures effectively.
Additionally, the Trust offers short-term disability benefits, which provide crucial income protection for individuals facing non-occupational illness or injury. By covering these costs, the Trust helps alleviate the financial burdens that can arise during challenging health situations. Furthermore, it provides life and accidental death and dismemberment insurance benefits, ensuring that members and their families are supported in times of unforeseen loss.
Overall, the General Electric Insurance Plan Trust plays a vital role in enhancing the well-being and financial security of its members, enabling them to navigate medical challenges with greater confidence and stability.
This information is meant to be a general summary of General Electric Insurance Plan Trust. 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: $2,346,956
- Program Service Revenue: $1,168,407,692
- Gross Receipts: $1,185,741,310
Assets and Liabilities:
- Total Assets: $23,012,761
- Total Liabilities: $20,743
- Net Assets: $22,992,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$843,707,000
PARTICIPANT CONTRIBUTIONS
Revenue
$324,700,692
Organization Details
Founding Year
1987
Phone
(203) 373-2211Principal Officer
Richard Middlebrook
Main Address
901 MAIN AVENUE, NORWALK, CT, 06851
NTEE Category
Code: Y30 - Mutual benefit
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