Overview
What is Hawaii Medical Service Association Retiree Health Benefits Trust?
Hawaii Medical Service Association Retiree Health Benefits Trust is a nonprofit organization, established by Hawaii Medical Service Association, primarily aimed at providing health benefits to eligible retired employees and their beneficiaries. The benefits encompass medical, hospital, surgical, major medical, dental, drug, vision, and complementary care. As of December 31, 2022, there were 484 retired or separated participants receiving benefits, and 105 more entitled to future benefits. The trust, classified under IRS Section 501(C)(9), is responsible for paying health and insurance premiums, assessments, dues, charges, and interest to provide benefits to plan participants and beneficiaries. Its mission is to fund a portion of the cost of post-retirement medical benefits under the Hawaii Medical Service Association "Plan," investing and distributing assets accordingly.
Is Hawaii Medical Service Association Retiree Health Benefits Trust legitimate?
Hawaii Medical Service Association Retiree Health Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hawaii Medical Service Association Retiree Health Benefits 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
For more financial information, click here
What is the mission statement of Hawaii Medical Service Association Retiree Health Benefits Trust?
The Hawaii Medical Service Association Retiree Health Benefits Trust, established under IRS Section 501(C)(9), serves the purpose of financing health and insurance premiums, assessments, dues, charges, and interest to provide benefits for eligible retired employees and their beneficiaries. This trust was initiated by Hawaii Medical Service Association (the employer) to cover a portion of the post-retirement medical benefits under their ERISA welfare benefits plan. The primary objective of the trust is to offer health benefits, including medical, hospital, surgical, major medical, dental, drug, vision, and complementary care, to eligible retirees and their beneficiaries. As of December 31, 2022, there were 484 retired or separated participants receiving benefits and 105 retired or separated participants entitled to future benefits.
Who is the CEO of Hawaii Medical Service Association Retiree Health Benefits Trust?
Gina L Marting is the Trustee of Hawaii Medical Service Association Retiree Health Benefits Trust.
What is the revenue of Hawaii Medical Service Association Retiree Health Benefits Trust?
Hawaii Medical Service Association Retiree Health Benefits Trust's revenue in 2022 was $1,776,692.
Who are the executives of Hawaii Medical Service Association Retiree Health Benefits Trust and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $3,147,226
- Other: $134,480
- Compensation: $0
- Related: $1,124,161
- Other: $67,949
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $97,765
- Related: $96,884
- Other: $0
Where can I find the form 990 for Hawaii Medical Service Association Retiree Health Benefits Trust?
Hawaii Medical Service Association Retiree Health Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hawaii Medical Service Association Retiree Health Benefits Trust
The Hawaii Medical Service Association Retiree Health Benefits Trust, established under IRS section 501(c)(9), serves a specific purpose: to cover health and other insurance premiums, assessments, dues, charges, and interest for the benefit of its participants and beneficiaries. This trust was initiated by the Hawaii Medical Service Association (Employer) to contribute towards the post-retirement medical benefits of its employees under the Hawaii Medical Service Association "Plan," an ERISA welfare benefits plan. The primary objective of the Trust is to provide health benefits to eligible retired employees and their beneficiaries. These benefits encompass various aspects of medical care, including hospital, surgical, major medical, dental, drug, vision, and complementary care. As of December 31, 2022, the Trust was supporting 484 retired or separated participants receiving benefits and 105 retired or separated participants entitled to future benefits. In essence, the Hawaii Medical Service Association Retiree Health Benefits Trust aims to ensure the continued well-being of its retired employees and their beneficiaries by providing essential healthcare coverage.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Hawaii Medical Service Association Retiree Health Benefits Trust plays a crucial role in securing health benefits for retired employees and their beneficiaries. By funding a portion of the costs associated with post-retirement medical benefits, the Trust ensures eligible retirees have access to essential health services, including medical care, hospital services, surgical procedures, major medical coverage, dental care, prescription drugs, vision services, and complementary care.
As of December 31, 2022, the Trust was directly impacting the lives of 484 retired or separated participants who were receiving benefits, along with another 105 participants entitled to future benefits. This support helps create financial security for retirees, allowing them to manage healthcare costs effectively during their retirement years.
Furthermore, the Trust operates under the IRS guidelines for Section 501(c)(9) organizations, emphasizing its commitment to providing mutual benefits to its participants. Established by the Hawaii Medical Service Association, the Trust not only administers and invests funds responsibly but also distributes resources to ensure that retirees receive the necessary medical care they deserve. In a state like Hawaii, where healthcare costs can be particularly challenging, the Trust's efforts are especially significant in promoting the well-being of retired employees and enhancing their quality of life.
This information is meant to be a general summary of Hawaii Medical Service Association Retiree Health Benefits 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: $1,776,692
- Gross Receipts: $3,045,970
Assets and Liabilities:
- Total Assets: $50,798,677
- Total Liabilities: $978,223
- Net Assets: $49,820,454
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2003
Phone
(808) 948-5145Principal Officer
Gina L Marting
Main Address
PO BOX 860, HONOLULU, HI, 96808
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of Hawaii Medical Service Association Retiree Health Benefits Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.