Overview
What is Hawaiian Pilots Post Medicare Health Plan Veba Trust?
Hawaiian Pilots Post Medicare Health Plan Veba Trust is a nonprofit organization established under a collective bargaining agreement. Its primary mission is to provide reimbursement for eligible medical expenses, such as medical bills, prescription drugs, health insurance premiums, and long-term care premiums, incurred by eligible pilots and their dependents after their retirement or separation from service with Hawaiian Airlines. The trust aims to support these retirees and their families by covering these expenses, which can be substantial post-retirement. The trust operates from a location in McLean, Virginia.
Is Hawaiian Pilots Post Medicare Health Plan Veba Trust legitimate?
Hawaiian Pilots Post Medicare Health Plan Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hawaiian Pilots Post Medicare Health Plan Veba 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 Hawaiian Pilots Post Medicare Health Plan Veba Trust?
The Hawaiian Pilots Post Medicare Health Plan Veba Trust, established under a collective bargaining agreement, is designed to reimburse eligible retirees and their dependent beneficiaries for medical expenses incurred after retirement or separation from service. This trust provides reimbursement for various medical-related expenses, such as medical bills, prescription drugs, health insurance premiums, and long-term care premiums. The reimbursements start from the first month following retirement or separation from service for the excess contribution account and the first month following attainment of age 65 for the PMHP account. The primary objective of this trust is to support the medical needs of eligible pilots and their dependents post their retirement or separation from service at Hawaiian Airlines.
Who is the CEO of Hawaiian Pilots Post Medicare Health Plan Veba Trust?
Catherine Powers is the Asst. Director, Representation of Hawaiian Pilots Post Medicare Health Plan Veba Trust.
What is the revenue of Hawaiian Pilots Post Medicare Health Plan Veba Trust?
Hawaiian Pilots Post Medicare Health Plan Veba Trust's revenue in 2022 was $7,677,191.
Who are the executives of Hawaiian Pilots Post Medicare Health Plan Veba Trust and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $389,181
- Other: $46,387
- Compensation: $270,920
- Related: $0
- Other: $0
- Compensation: $0
- Related: $9,526
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hawaiian Pilots Post Medicare Health Plan Veba Trust?
Hawaiian Pilots Post Medicare Health Plan Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hawaiian Pilots Post Medicare Health Plan Veba Trust
Hawaiian Pilots Post Medicare Health Plan Veba Trust, established under a collective bargaining agreement, serves the purpose of reimbursing eligible retirees and their eligible dependents for medical expenses incurred after retirement or separation from service at Hawaiian Airlines. This trust holds notional accounts, providing reimbursement for eligible medical expenses, which encompass medical bills, prescription drugs, health insurance premiums, and long-term care premiums. The reimbursement process begins for excess contribution accounts as of the first month following separation from service, while for the PMHP account, it starts from the first month following the retiree's attainment of age 65.
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Impact
October, 2024
The Hawaiian Pilots Post Medicare Health Plan Veba Trust significantly strengthens the financial security of eligible retirees and their dependents from Hawaiian Airlines by providing a dedicated structure for reimbursing medical expenses. Established through a collective bargaining agreement, it addresses the healthcare needs of retired pilots by covering a wide range of costs, including medical bills, prescription drugs, health insurance premiums, and long-term care premiums.
This trust operates by maintaining notional accounts, ensuring that eligible individuals can access funds for their medical expenses starting from the month following their retirement or separation from service. For those pilots who reach the age of 65, reimbursements are also available, ensuring continued support as they transition into Medicare.
By offering this reimbursement framework, the trust plays a crucial role in alleviating the financial burden associated with healthcare costs for retirees, thereby fostering peace of mind and promoting greater overall well-being for the beneficiaries and their families. In essence, it serves as a vital resource that enhances the quality of life for retired pilots and supports their ongoing healthcare needs.
This information is meant to be a general summary of Hawaiian Pilots Post Medicare Health Plan Veba 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: $5,866,817
- Program Service Revenue: $1,395,317
- Gross Receipts: $20,289,200
Assets and Liabilities:
- Total Assets: $131,793,300
- Total Liabilities: $115,493
- Net Assets: $131,677,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,395,317
Organization Details
Founding Year
2017
Phone
(703) 689-4124Principal Officer
Catherine Powers
Main Address
7950 JONES BRANCH DRIVE Suite 400S, MCLEAN, VA, 22102
NTEE Category
Code: Y20 - Mutual benefit
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