Overview
What is Montana Health Network Health Insurance Plan & Trust?
The Montana Health Network Health Insurance Plan & Trust is a Multiple Employer Voluntary Employee Benefit Association based in Miles City, Montana. Its primary objective is to help manage the risks associated with self-insurance on ultimate benefit coverage by paying stop loss insurance premiums. This nonprofit organization provides medical benefits for eligible medical claims of participants at 29 healthcare entities. Functioning as a beneficial association, Montana Health Network helps its members share the risks and costs of self-insurance, ensuring access to essential healthcare coverage.
What are the reviews and ratings of this charity?
Montana Health Network Health Insurance Plan & Trust is not currently rated by Charity Navigator. The absence of a rating means the organization has not been evaluated, rather than suggesting a positive or negative assessment. This is largely due to the organization's status as a non-501(c)(3), which falls outside Charity Navigator’s evaluation scope, as their methods are geared towards such recognized nonprofits.
Without a Charity Navigator rating, assessment on factors like Accountability & Finance is unavailable. The organization's structure makes it ineligible for many evaluation methodologies. Thus, those interested in the organization must consider other forms of due diligence outside of Charity Navigator's framework for insights into its operations and impact.
There is currently no user feedback available from GreatNonprofits for Montana Health Network Health Insurance Plan & Trust. Consequently, potential supporters or interested parties may need to rely on direct communication with the organization or alternative platforms for more information.
This AI summary has been generated from information found on Charity Navigator.
Is Montana Health Network Health Insurance Plan & Trust legitimate?
Montana Health Network Health Insurance Plan & Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Montana Health Network Health Insurance Plan & 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 Montana Health Network Health Insurance Plan & Trust?
The Montana Health Network Health Insurance Plan & Trust operates as a Multiple Employer Voluntary Employee Benefit Association, focusing on managing the risk of being self-insured by paying stop loss insurance premiums. Its primary objective is to offer medical benefits for eligible medical claims of participants across various healthcare entities. The association aims to mitigate the financial risk associated with healthcare coverage, ensuring continued access to essential medical services for its members. By pooling resources from multiple employers, the trust is able to provide comprehensive health insurance coverage, while sharing the financial burden among the participating entities.
Who is the CEO of Montana Health Network Health Insurance Plan & Trust?
Bill Robinson is the Chair (Thru Sept 22) See Sch. O of Montana Health Network Health Insurance Plan & Trust.
What is the revenue of Montana Health Network Health Insurance Plan & Trust?
Montana Health Network Health Insurance Plan & Trust's revenue in 2022 was $22,372,514.
Who are the executives of Montana Health Network Health Insurance Plan & Trust and what are their salaries?
There 29 volunteers at Montana Health Network Health Insurance Plan & Trust.
Here are 6 key members and their salaries:
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- Other: $0
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- Related: $264,438
- Other: $19,847
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- Other: $0
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Where can I find the form 990 for Montana Health Network Health Insurance Plan & Trust?
Montana Health Network Health Insurance Plan & Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Montana Health Network Health Insurance Plan & Trust
The Montana Health Network Health Insurance Plan & Trust, often referred to as Montana Health Network, serves as a Multiple Employer Voluntary Employee Benefit Association. In simpler terms, it is an organization that pools resources from various employers to manage the financial risk associated with self-insurance on ultimate benefit coverage. By paying stop loss insurance premiums, this Montana-based entity ensures that participating employers are protected against catastrophic medical costs.
The core function of Montana Health Network is to provide medical benefits for qualifying medical claims of its participants. This benefits program covers approximately 29 healthcare entities, offering essential healthcare services to a significant number of individuals. In essence, Montana Health Network acts as a safety net, safeguarding employers from the potential financial burden of extensive medical expenses.
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Impact
October, 2024
The Montana Health Network Health Insurance Plan & Trust significantly impacts the healthcare landscape for participating employers and their employees. By operating as a Multiple Employer Voluntary Employee Benefit Association, it effectively mitigates the financial risks associated with self-insurance. This allows employers to offer comprehensive medical benefits while managing the unpredictability of healthcare costs.
The organization specializes in paying stop loss insurance premiums, protecting member organizations from excessive claims that could jeopardize their financial stability. This collaborative approach enables 29 healthcare entities within the network to provide qualified medical claim coverage to their employees, enhancing access to necessary medical services.
Its presence in Miles City, MT, ensures that local organizations have a tailored solution to meet their healthcare benefit needs, fostering a supportive environment for both employers and employees. Overall, the Montana Health Network Health Insurance Plan & Trust plays a crucial role in promoting employee health and financial well-being through its innovative risk management strategies.
This information is meant to be a general summary of Montana Health Network Health Insurance Plan & 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: -$98,901
- Program Service Revenue: $22,471,415
- Gross Receipts: $22,666,676
Assets and Liabilities:
- Total Assets: $17,621,039
- Total Liabilities: $1,825,933
- Net Assets: $15,795,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Participating Employers' Contribu
Revenue
$22,392,426
Limited continuation of coverage
Revenue
$78,989
Organization Details
Founding Year
1993
Phone
(406) 234-1420Principal Officer
Bill Robinson
Main Address
519 Pleasant Street, Miles City, MT, 59301
NTEE Category
Code: Y40 - Mutual benefit
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