Overview
What is Nysut Member Benefits Catastrophe Major Medical Insurance Trust?
The Nysut Member Benefits Catastrophe Major Medical Insurance Trust is a nonprofit organization established under a trust to offer supplemental health insurance to the NYSUT membership on a voluntary basis. The trust, based in Latham, New York, provided coverage for excess major medical benefits to an average of 94,187 lives and managed 56,252 policies during the year ending December 31, 2022. This insurance trust aims to supplement the basic hospitalization and major medical insurance for NYSUT members, offering additional support when standard coverage falls short.
Is Nysut Member Benefits Catastrophe Major Medical Insurance Trust legitimate?
Nysut Member Benefits Catastrophe Major Medical Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. Nysut Member Benefits Catastrophe Major Medical Insurance 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 not tax deductible.
Here 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 Nysut Member Benefits Catastrophe Major Medical Insurance Trust?
The Nysut Member Benefits Catastrophe Major Medical Insurance Trust provides supplemental health insurance to the NYSUT membership on a voluntary basis. The trust's primary objective is to offer excess major medical benefits beyond basic hospitalization coverage. As of the end of 2022, this trust covered an average of 94,187 lives and issued 56,252 policies. It aims to support NYSUT members with additional medical benefits when their primary insurance falls short.
Who is the CEO of Nysut Member Benefits Catastrophe Major Medical Insurance Trust?
J Philippe Abraham is the Chairperson/Trustee of Nysut Member Benefits Catastrophe Major Medical Insurance Trust.
What is the revenue of Nysut Member Benefits Catastrophe Major Medical Insurance Trust?
Nysut Member Benefits Catastrophe Major Medical Insurance Trust's revenue in 2022 was $43,148,939.
Who are the executives of Nysut Member Benefits Catastrophe Major Medical Insurance Trust and what are their salaries?
- Lockwood Jeffrey J (Cfo, Director Of Finance)
- Travinski Michael S (Assoc General Counsel)
- Carlisto Donald (Trustee)
- Ferrucci Jaclyn L (Deputy Director Finance)
- Porter Betsy L (Manager, Member Benefits)
- Clement Derek S (Asst In Member Benefits)
- Abraham J Philippe (Chairperson/Trustee)
- Samuels Emily B (Secretary) [Trustee/Director]
- Fellows Debra L (Asst Mgr. In Member Benefits)
- Franz Laura (Trustee)
- Carner-Shafran Sandra (Trustee)
- Bushey Michele (Trustee)
- Sill Michael (Trustee)
- Sherman Roderick (Trustee)
Where can I find the form 990 for Nysut Member Benefits Catastrophe Major Medical Insurance Trust?
The Nysut Member Benefits Catastrophe Major Medical Insurance Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Nysut Member Benefits Catastrophe Major Medical Insurance Trust
The Nysut Member Benefits Catastrophe Major Medical Insurance Trust is a health insurance program established to offer supplemental benefits to the NYSUT membership on a voluntary basis. This trust provides excessive major medical insurance coverage and long-term care to its members. With an average of 94,187 covered lives and 56,252 policies in the year ending December 31, 2022, the trust has made a significant impact in the lives of many.
The mission of the Nysut Member Benefits Catastrophe Major Medical Insurance Trust is to enhance the basic hospitalization and major medical insurance that NYSUT members already have. By supplementing their existing coverage, members can enjoy greater peace of mind knowing that their medical expenses will be comprehensively taken care of. This insurance trust serves as a vital safety net for its members, ensuring they receive the best possible care when faced with catastrophic health situations.
Impact
This information is meant to be a general summary of Nysut Member Benefits Catastrophe Major Medical Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Nysut Member Benefits Catastrophe Major Medical Insurance Trust's impact lies in providing supplemental (excess major medical benefits) health insurance to NYSUT members who voluntarily participate. This trust offers added security and coverage beyond basic hospitalization and major medical insurance, benefiting an average of 94,187 covered lives and 56,252 policies as of the end of 2022. By filling critical gaps in healthcare coverage, this trust plays a vital role in safeguarding the well-being of its members and their families, ensuring they receive the necessary care in times of medical emergencies or catastrophes.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$38,367,427
Organization Details
Founding Year
2015
Phone
(518) 213-6000
Principal Officer
J Philippe Abraham
Main Address
800 TROY-SCHENECTADY ROAD, LATHAM, NY, 121102455
NTEE Category
Code: Y20 - Mutual benefit
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