Overview
What is The Ht Hackney Co Veba?
The HT Hackney Veba is a self-funded health care benefit program, headquartered in Knoxville, Tennessee, catering to the employees and former employees of the H.T. Hackney Co. and their dependents. This nonprofit organization ensures the processing of claims through a third party administrator, and maintains coinsurance for any claims surpassing $275,000. Its primary mission is to offer health care coverage, providing essential support for the workforce and their families.
Is The Ht Hackney Co Veba legitimate?
The Ht Hackney Co Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Ht Hackney Co 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 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
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What is the mission statement of The Ht Hackney Co Veba?
The HT Hackney Veba is a self-funded health care benefits program that caters to the employees and former employees of a certain company, along with their dependents. This organization processes claims through a third party administrator and maintains coinsurance for claims that surpass a significant threshold. The primary focus of the HT Hackney Veba is to ensure the wellbeing of its members by providing comprehensive health care coverage. The program's ultimate goal is to support the health and financial security of its beneficiaries. By managing health care benefits in a self-funded manner, the HT Hackney Veba aims to provide personalized and cost-effective solutions for its members.
Who is the CEO of The Ht Hackney Co Veba?
Michael Morton is the Comm Member of The Ht Hackney Co Veba.
What is the revenue of The Ht Hackney Co Veba?
The Ht Hackney Co Veba's revenue in 2022 was $24,066,263.
Who are the executives of The Ht Hackney Co Veba and what are their salaries?
- Regions Bank (Trustee/ Asset Manager)
- Mike Morton (Comm Member) [Trustee/Director]
Where can I find the form 990 for The Ht Hackney Co Veba?
The The Ht Hackney Co Veba’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of The Ht Hackney Co Veba
The HT Hackney Veba, a self-funded health care benefit program, is dedicated to extending coverage to the employees and retired employees of the H.T. Hackney Co. and their dependents. Located in Knoxville, this organization processes claims through a third party administrator and implements coinsurance for claims surpassing $275,000.
The HT Hackney Veba serves as a vital safety net for the health and well-being of the workforce connected to the H.T. Hackney Co. By offering comprehensive health care benefits, this nonprofit organization ensures that employees and their families have access to essential medical services when they need it most. The self-funded nature of the program allows for greater flexibility in designing and managing coverage plans, enabling the HT Hackney Veba to tailor its offerings to the unique needs of its members.
Through its commitment to providing health care benefits, the HT Hackney Veba contributes to the overall well-being and productivity of the H.T. Hackney Co. workforce. By alleviating financial concerns related to healthcare, employees can focus more on their jobs and personal lives, leading to improved morale, job satisfaction, and reduced absenteeism. The program's third-party administration ensures efficient claim processing, allowing members to access necessary medical services in a timely manner. With the coinsurance policy in place for claims exceeding a significant threshold, the HT Hackney Veba offers its members peace of mind and financial protection during their times of need.
Impact
This information is meant to be a general summary of The Ht Hackney Co Veba. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of The Ht Hackney Co Veba is significant as it provides crucial healthcare benefits for the employees and former employees of the H.T. Hackney Co. in Knoxville, TN, and their dependents. This self-funded health care benefit program ensures that individuals have access to essential medical coverage, thereby promoting their well-being and financial security. By offering coverage for medical expenses exceeding $275,000 and utilizing a third-party administrator for claims processing, The Ht Hackney Co Veba plays a vital role in supporting the healthcare needs of its beneficiaries.
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.
EMPLOYER BENEFIT COVERAGE
Revenue
$16,938,290
EMPLOYEE BENEFIT COVERAGE
Revenue
$7,124,807
Organization Details
Founding Year
1984
Phone
(865) 546-1291
Principal Officer
Michael Morton
Main Address
502 S GAY STREET, KNOXVILLE, TN, 379021503
NTEE Category
Code: Y40 - Mutual benefit
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