Overview
What is Health Professions Of Montana Plan And Trust?
The Health Professions of Montana Plan and Trust is a Montana-based nonprofit organization dedicated to offering health benefits to health professionals in the state. Through self-funding and re-insurance, they provide comprehensive coverage, including medical, dental, vision, and prescription services, to their participants and beneficiaries. This year, they successfully disbursed $10,358,111 in health and welfare benefits. In accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, they also provide continuation of coverage for eligible groups. Their primary mission is to be the leading choice for health benefits for health professions in Montana.
Official website here: www.hpmpt.org
Is Health Professions Of Montana Plan And Trust legitimate?
Health Professions Of Montana Plan And Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health Professions Of Montana Plan And 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hpmpt.org
What is the mission statement of Health Professions Of Montana Plan And Trust?
The Health Professions Of Montana Plan And Trust functions as the leading option for health benefits for Montana's healthcare professionals. The organization's primary objective is to prioritize and cater to the health benefits needs of healthcare professionals in Montana. In the current year, they successfully distributed $10,358,111 in health and welfare benefits to their participants and beneficiaries. This multiple employer welfare agreement funds and self-insures essential health benefits, including medical, dental, vision, and prescription coverage. Furthermore, it adheres to the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) by offering continuation of coverage for eligible groups.
Official website here: www.hpmpt.org
What is the revenue of Health Professions Of Montana Plan And Trust?
Health Professions Of Montana Plan And Trust's revenue in 2023 was $14,665,057.
Official website here: www.hpmpt.org
Who are the executives of Health Professions Of Montana Plan And Trust and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $5,500
- Other: $0
- Compensation: $0
- Related: $2,250
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $3,500
- Other: $0
Official website here: www.hpmpt.org
Where can I find the form 990 for Health Professions Of Montana Plan And Trust?
Health Professions Of Montana Plan And Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hpmpt.org
Learn more at the official website: www.hpmpt.org
Mission Statement of Health Professions Of Montana Plan And Trust
Health Professions of Montana Plan and Trust, a multiple employer welfare agreement, is dedicated to becoming the preferred choice for health benefits for health professionals in Montana. This mission is reflected in the organization's activities as it successfully paid out $10,358,111 in health and welfare benefits to participants and their beneficiaries this year.
The Plan provides comprehensive health coverage, including medical, dental, vision, and prescription benefits, through self-funding that is reinsured with individual and aggregate stop-loss insurance coverage. This approach allows the organization to offer health benefits directly to health professionals in Montana, making it the go-to option for their health coverage needs. Additionally, the Plan complies with the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) by offering continuation of coverage for eligible groups.
In summary, Health Professions of Montana Plan and Trust is committed to providing top-notch health benefits to health professionals in Montana. Through its self-funded health coverage and adherence to COBRA regulations, the organization has established itself as the primary choice for health benefits in the state, ensuring that health professionals have access to essential health services when they need it most.
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Impact
October, 2024
Health Professions Of Montana Plan And Trust significantly enhances the accessibility and affordability of healthcare for health professionals in Montana. This multiple employer welfare agreement has demonstrated its effectiveness by distributing over $10 million in health and welfare benefits to participants and beneficiaries in just one year. By offering comprehensive health benefits, including medical, dental, vision, and prescription coverage, the Plan plays a crucial role in supporting the well-being of individuals in the health professions sector.
Self-funding, combined with individual and aggregate stop-loss insurance, allows the Plan to effectively manage costs while ensuring that members receive the necessary care. Additionally, the Plan's compliance with the Consolidated Omnibus Budget Reconciliation Act (COBRA) ensures that eligible groups can maintain their health benefits even during transitions, providing essential continuity of care. Overall, the Health Professions Of Montana Plan And Trust stands as a vital resource, promoting the health and stability of those who serve the healthcare needs of the community.
This information is meant to be a general summary of Health Professions Of Montana Plan And 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: $224,789
- Program Service Revenue: $14,437,994
- Gross Receipts: $14,665,057
Assets and Liabilities:
- Total Assets: $6,989,809
- Total Liabilities: $159,763
- Net Assets: $6,830,046
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$14,437,994
Organization Details
Founding Year
2008
Principal Officer
J Bruce Robertson Md
Website
www.hpmpt.orgNTEE Category
Code: Y40 - Mutual benefit
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