Overview
What is State Of Montana Veba Health Benefit Trust?
The State of Montana Veba Health Benefit Trust is a nonprofit organization established to provide health and welfare benefits to its participants and their dependents. This entity operates through a Health Reimbursement Arrangement (HRA) plan, which functions as a tax-free account for participants to cover health expenses not covered by Social Security, Medicare, or other health insurance plans. The plan's purpose is to offer qualified health benefits, ensuring that eligible employees have access to necessary medical coverage. The trust is designed to provide life, sick, accident, or other benefits, as defined by Section 501(C)(9) of the Internal Revenue Code.
Official website here: www.montanaveba.org
Is State Of Montana Veba Health Benefit Trust legitimate?
State Of Montana Veba Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. State Of Montana Veba Health Benefit 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.montanaveba.org
What is the mission statement of State Of Montana Veba Health Benefit Trust?
The State of Montana Veba Health Benefit Trust has been established with a mission to provide qualified health and welfare benefits to eligible employees through a Health Reimbursement Arrangement (HRA). The trust is intended to offer "life, sick, accident, or other benefits," as defined in Section 501(C)(9) of the Internal Revenue Code. The benefits and payments provided by this trust are aimed at enhancing the health and wellbeing of the employees, offering them financial assistance during times of medical needs or emergencies. The trust's activities are focused on providing health benefits as outlined in the related plan, and making permissible payments when necessary.
Official website here: www.montanaveba.org
What is the revenue of State Of Montana Veba Health Benefit Trust?
State Of Montana Veba Health Benefit Trust's revenue in 2023 was $3,369,124.
Official website here: www.montanaveba.org
Who are the executives of State Of Montana Veba Health Benefit Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.montanaveba.org
Where can I find the form 990 for State Of Montana Veba Health Benefit Trust?
State Of Montana Veba Health Benefit Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.montanaveba.org
Learn more at the official website: www.montanaveba.org
Mission Statement of State Of Montana Veba Health Benefit Trust
The State of Montana Veba Health Benefit Trust, as established, is committed to providing qualified health and welfare benefits to its eligible employees through a Health Reimbursement Arrangement (HRA). The primary mission of this trust is to offer employees life, sick, accident, or other benefits, as defined in Section 501(c)(9) of the Internal Revenue Code, while they are eligible to receive such benefits. The trust aims to provide permissible payments, as determined at different times, to its employees, ensuring they receive the necessary health benefits according to the related plan.
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Impact
October, 2024
The State of Montana VEBA Health Benefit Trust significantly impacts the health and welfare of its participants and their dependents by providing a structured approach to managing health benefits through a Health Reimbursement Arrangement (HRA). This plan allows participants to access tax-free funds for medical expenses not covered by other insurance programs, facilitating better management of healthcare costs.
By offering a defined contribution health benefit plan, the Trust empowers participants to utilize their allocated funds for eligible medical expenses as defined by the plan, promoting financial support in managing health-related costs. The structure of the Trust ensures that participants and their families can receive necessary medical care while benefiting from additional financial flexibility, ultimately enhancing their overall well-being.
Through its mission, the Trust plays a vital role in ensuring that eligible employees have access to essential health benefits, thereby fostering a healthier workforce within the State of Montana. This provision not only supports individual health needs but also contributes to broader public health outcomes by encouraging preventive care and maintenance of health through accessible financial resources for medical expenses.
This information is meant to be a general summary of State Of Montana Veba Health Benefit 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 2023.
- Investment Income: $503,797
- Program Service Revenue: $2,903,329
- Gross Receipts: $12,151,681
Assets and Liabilities:
- Total Assets: $15,860,797
- Total Liabilities: $12,901
- Net Assets: $15,847,896
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN CONTRIBUTIONS
Revenue
$2,903,329
Organization Details
Founding Year
2003
Principal Officer
Amy Jenks
Website
www.montanaveba.orgNTEE Category
Code: Y432 - Mutual benefit
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