Overview
What is Colorado Public Education Health Plan?
The Colorado Public Education Health Plan is a nonprofit organization based in Denver, Colorado, with a focus on providing a multi-employer/employee health benefit program. They offer administrative, underwriting, provider network, reinsurance, and shared financial risk services to their member employers, all bundled as "The Best Health Plan." The mission of this organization is to make these essential health benefits accessible to various employers in Colorado, ensuring comprehensive coverage for their employees.
Official website here: www.thebest-healthplan.com
Is Colorado Public Education Health Plan legitimate?
Colorado Public Education Health Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Colorado Public Education Health Plan 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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Other Salaries and Wages: $135,800
For more financial information, click here
Official website here: www.thebest-healthplan.com
What is the mission statement of Colorado Public Education Health Plan?
The Colorado Public Education Health Plan functions as a multi-employer health benefit program, dedicated to offering administrative, underwriting, provider network, reinsurance, shared financial risk, and other related services to its member employers. This organization, known as "The Best Health Plan," aims to deliver a comprehensive range of benefits to enhance the wellbeing of the employees under its purview. By pooling resources and risks among various employers, it strives to provide a more robust and cost-effective healthcare solution. The overarching goal is to ensure that member employers have access to a well-supported and efficient health benefits program.
Official website here: www.thebest-healthplan.com
Who is the CEO of Colorado Public Education Health Plan?
Edwin Pittaway is the Director of Colorado Public Education Health Plan.
Official website here: www.thebest-healthplan.com
What is the revenue of Colorado Public Education Health Plan?
Colorado Public Education Health Plan's revenue in 2022 was $41,855,725.
Official website here: www.thebest-healthplan.com
Who are the executives of Colorado Public Education Health Plan and what are their salaries?
The average compensation at Colorado Public Education Health Plan during 2022 was $135,800. There is 1 employee and 14 volunteers at Colorado Public Education Health Plan.
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Official website here: www.thebest-healthplan.com
Where can I find the form 990 for Colorado Public Education Health Plan?
Colorado Public Education Health Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebest-healthplan.com
Learn more at the official website: www.thebest-healthplan.com
Mission Statement of Colorado Public Education Health Plan
The Colorado Public Education Health Plan, also known as "The Best Health Plan," is a multi-employer/employee health benefit program that offers a range of services to its member employers. This nonprofit organization is dedicated to providing comprehensive administrative, underwriting, provider network, reinsurance, and shared financial risk solutions to enhance the health benefits of its members.
By pooling resources and expertise, Colorado Public Education Health Plan aims to deliver a robust and effective health benefits program to its member employers. Through its administrative capabilities, the organization manages various aspects of health plan operations, ensuring efficient and accurate processing of claims, enrollments, and other administrative tasks. Underwriting is another key function, as the organization assesses risks and designs customized health benefit plans tailored to the unique needs of each employer.
Colorado Public Education Health Plan's extensive provider network provides access to a wide range of healthcare professionals and facilities. This enables members to receive top-quality care while minimizing out-of-pocket costs. In addition to reinsurance, which helps manage high-risk cases and mitigate financial burden, the organization also offers shared financial risk solutions. This collaboration enables employers to assume a portion of the risk and potentially reduce their premiums. By providing these essential services, Colorado Public Education Health Plan empowers its member employers to offer competitive and high-value health benefits to their employees.
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Impact
October, 2024
The Colorado Public Education Health Plan significantly enhances the health benefits available to educators and educational staff by providing a comprehensive multi-employer health benefit program. It offers essential services, including administrative support, underwriting, access to a robust provider network, reinsurance options, and shared financial risk. This integrated approach allows member employers to better manage healthcare costs while ensuring that employees have access to high-quality healthcare resources.
By focusing on mutual benefit, the plan contributes to the overall well-being of the educational community in Colorado, making it easier for schools and educational institutions to attract and retain qualified staff. The collaborative model fosters a sense of solidarity among participating employers, creating a healthier workforce that can better support students' educational needs. Ultimately, the Colorado Public Education Health Plan is an invaluable resource for improving health outcomes and supporting the stability of education in the region.
This information is meant to be a general summary of Colorado Public Education Health Plan. 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: $829
- Program Service Revenue: $41,854,896
- Gross Receipts: $41,855,725
Assets and Liabilities:
- Total Assets: $16,879,557
- Total Liabilities: $8,749,874
- Net Assets: $8,129,683
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$39,615,080
REINSURANCE RECOVERIES
Revenue
$2,239,816
Organization Details
Founding Year
2004
Phone
(303) 302-2712Principal Officer
Edwin Pittaway
Main Address
2253 S ONEIDA STREET, DENVER, CO, 80224
Website
www.thebest-healthplan.comNTEE Category
Code: Y44 - Mutual benefit
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