Overview
What is Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba)?
Blue Cross Blue Shield of Michigan Long Term Disability Trust (Veba) is a nonprofit entity, established specifically to offer long-term disability benefits to eligible employees within Blue Cross Blue Shield of Michigan. Situated in Detroit, Michigan, this trust serves as a crucial safety net for employees who may encounter prolonged periods of disability, providing them with financial support during challenging times. The trust's mission is centered around this sole purpose, ensuring the well-being of its beneficiaries by offering long-term disability benefits.
Is Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba) legitimate?
Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba) is a legitimate nonprofit organization registered as a 501(c)(9) entity. Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba) 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: $124
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba)?
The Blue Cross Blue Shield of Michigan Long Term Disability Trust (Veba) was established with a specific purpose: to offer long-term disability benefits to eligible employees of Blue Cross Blue Shield of Michigan. The trust's mission is centered around providing financial support during extended periods of disability, ensuring these employees can maintain their livelihoods during challenging times. The trust serves as a safety net, offering a crucial benefit that can significantly impact an individual's well-being and financial stability.
Who is the CEO of Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba)?
Patricia Snyder is the Administrative Committee Member of Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba).
What is the revenue of Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba)?
Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba)'s revenue in 2022 was -$48,990.
Who are the executives of Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba) and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $124
- Related: $0
- Other: $0
Where can I find the form 990 for Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba)?
Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba)'s most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba)
The Blue Cross Blue Shield of Michigan Long Term Disability Trust, often referred to as Veba, was established with a specific mission in mind. This mission revolves around providing long-term disability benefits to eligible employees of Blue Cross Blue Shield of Michigan. The trust serves as a safety net for these employees, offering financial support during periods of prolonged illness or disability. By fulfilling this mission, Veba plays a crucial role in supporting the well-being of its beneficiaries, enabling them to maintain a stable financial situation despite their health challenges.
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Impact
October, 2024
Blue Cross Blue Shield Of Michigan Long Term Disability Trust (VEBA) plays a crucial role in supporting the financial stability and well-being of eligible employees who face long-term disabilities. By providing long-term disability benefits, the Trust ensures that employees receive essential income support during challenging periods when they are unable to work due to illness or injury. This financial assistance helps to alleviate the stress of medical and living expenses, allowing individuals to focus on their recovery and rehabilitation.
The Trust's impact extends beyond individual employees; it contributes to a healthier workforce overall. By offering these benefits, Blue Cross Blue Shield of Michigan fosters employee retention and satisfaction, while promoting a workplace culture that values employee welfare and security. The establishment of such programs demonstrates a commitment to mutual benefit, reflecting the organization's dedication to supporting its staff in times of need. This proactive approach not only aids employees but also enhances the reputation of Blue Cross Blue Shield of Michigan as a responsible and caring employer in the community.
This information is meant to be a general summary of Blue Cross Blue Shield Of Michigan Long Term Disability Trust (Veba). 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: -$48,990
- Gross Receipts: $3,154,132
Assets and Liabilities:
- Total Assets: $10,381,636
- Total Liabilities: $0
- Net Assets: $10,381,636
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Organization Details
Founding Year
2016
Phone
(313) 983-1633Principal Officer
Patricia Snyder
Main Address
600 LAFAYETTE EAST MAIL CODE 1801, DETROIT, MI, 482262998
NTEE Category
Code: Y43 - Mutual benefit
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