Overview
What is South Carolina Health Insurance Pool?
South Carolina Health Insurance Pool is a nonprofit entity established by the South Carolina legislature to offer major medical expense health insurance coverage to residents who have been rejected by traditional providers due to pre-existing health conditions, have policies with restrictive riders limiting coverage for such conditions, or pay premiums exceeding the SCHIP premium rate. The organization's mission, as outlined by South Carolina statute, is to manage a health insurance program. This program aims to provide essential medical coverage for individuals who may struggle to secure it through traditional means, ensuring they can access necessary healthcare services.
Is South Carolina Health Insurance Pool legitimate?
South Carolina Health Insurance Pool is a legitimate nonprofit organization registered as a 501(c)(26) entity. South Carolina Health Insurance Pool 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 South Carolina Health Insurance Pool?
The South Carolina Health Insurance Pool, established by state legislation, is tasked with managing a major medical expense health insurance program. Its purpose is to provide health insurance coverage for South Carolina residents who have been denied coverage by traditional providers due to a pre-existing health condition, have a policy with restrictive riders limiting coverage for such conditions, or have premium rates exceeding the SCHIP premium rate. The organization aims to ensure that these individuals have access to health insurance, thereby enhancing their overall well-being.
Who is the CEO of South Carolina Health Insurance Pool?
Jeffrey B Williams is the Chairman of South Carolina Health Insurance Pool.
What is the revenue of South Carolina Health Insurance Pool?
South Carolina Health Insurance Pool's revenue in 2022 was $865,314.
Who are the executives of South Carolina Health Insurance Pool and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for South Carolina Health Insurance Pool?
South Carolina Health Insurance Pool's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Carolina Health Insurance Pool
The South Carolina Health Insurance Pool, established by the South Carolina legislature, was created to oversee a significant medical expense health insurance program. Its primary mission is to provide health insurance coverage for South Carolina residents who have been denied coverage by traditional providers due to a pre-existing health condition, have a policy with a restrictive rider limiting coverage for such a condition, or whose premium rate exceeds the SCHIP premium rate. This organization serves as a vital resource for individuals who may otherwise struggle to secure adequate health insurance coverage, ensuring they receive the necessary medical care they require.
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Impact
October, 2024
The South Carolina Health Insurance Pool plays a crucial role in providing health insurance coverage to residents who face significant barriers in obtaining traditional health insurance. It specifically serves individuals who have been denied coverage due to pre-existing health conditions, those whose policies include restrictive riders limiting coverage for such conditions, and individuals whose premium rates exceed those of the South Carolina Children's Health Insurance Program (SCHIP).
By administering a major medical expense health insurance program, the South Carolina Health Insurance Pool enhances access to healthcare for vulnerable populations, ensuring that people who might otherwise remain uninsured have options for receiving necessary medical care. This not only contributes to better health outcomes for individuals with chronic conditions and other health concerns but also alleviates potential financial burdens associated with medical expenses.
Overall, the impact of the South Carolina Health Insurance Pool extends beyond individual health coverage; it fosters a more inclusive healthcare system within the state, helping to reduce the gaps in insurance access for those at higher risk of being overlooked by traditional providers.
This information is meant to be a general summary of South Carolina Health Insurance Pool. 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.
- Program Service Revenue: $862,563
- Gross Receipts: $865,314
Assets and Liabilities:
- Total Assets: $1,351,257
- Total Liabilities: $188,550
- Net Assets: $1,162,707
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM INCOME
Revenue
$862,563
Organization Details
Founding Year
1990
Principal Officer
Jeffrey B Williams
Main Address
POST OFFICE BOX 61173, COLUMBIA, SC, 29219
NTEE Category
Code: E80 - Health
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