Health Professions Of Montana Plan And Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 711029753 ✦ Missoula, MT ✦ Designated as a 501(c)(9)

Overview

What is Health Professions Of Montana Plan And Trust?

The Health Professions of Montana Plan and Trust is a Montana-based nonprofit organization dedicated to offering health benefits to health professionals in the state. Through self-funding and re-insurance, they provide comprehensive coverage, including medical, dental, vision, and prescription services, to their participants and beneficiaries. This year, they successfully disbursed $10,358,111 in health and welfare benefits. In accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, they also provide continuation of coverage for eligible groups. Their primary mission is to be the leading choice for health benefits for health professions in Montana.


Official website here: www.hpmpt.org

Is Health Professions Of Montana Plan And Trust legitimate?

Health Professions Of Montana Plan And Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health Professions Of Montana Plan And 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.hpmpt.org

What is the mission statement of Health Professions Of Montana Plan And Trust?

The Health Professions Of Montana Plan And Trust functions as the leading option for health benefits for Montana's healthcare professionals. The organization's primary objective is to prioritize and cater to the health benefits needs of healthcare professionals in Montana. In the current year, they successfully distributed $10,358,111 in health and welfare benefits to their participants and beneficiaries. This multiple employer welfare agreement funds and self-insures essential health benefits, including medical, dental, vision, and prescription coverage. Furthermore, it adheres to the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) by offering continuation of coverage for eligible groups.


Official website here: www.hpmpt.org

Who is the CEO of Health Professions Of Montana Plan And Trust?

J Bruce Robertson Md is the Chairman of Health Professions Of Montana Plan And Trust.


Official website here: www.hpmpt.org

What is the revenue of Health Professions Of Montana Plan And Trust?

Health Professions Of Montana Plan And Trust's revenue in 2022 was $13,228,459.


Official website here: www.hpmpt.org

Who are the executives of Health Professions Of Montana Plan And Trust and what are their salaries?

Here are 7 key members and their salaries:

    J Bruce Robertson Md (Chairman) [Trustee/Director]
  • Compensation: $24,000
  • Related: $0
  • Other: $0

    • Timothy J Mcinnis Md (Trustee)
  • Compensation: $0
  • Related: $5,500
  • Other: $0

    • Orville Mann Md (Trustee)
  • Compensation: $0
  • Related: $5,500
  • Other: $0

    • John O'Connor (Trustee (July-Dec))
  • Compensation: $0
  • Related: $4,750
  • Other: $0

    • John Bisges Md (Trustee (May-Dec))
  • Compensation: $0
  • Related: $3,000
  • Other: $0

    • Paul Gorsuch Md (Trustee (Jan-June))
  • Compensation: $0
  • Related: $2,000
  • Other: $0

    • Jami Eschler Md (Trustee (Jan-Apr))
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hpmpt.org

    Where can I find the form 990 for Health Professions Of Montana Plan And Trust?

    The Health Professions Of Montana Plan And Trust’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.hpmpt.org

    Learn more at the official website: www.hpmpt.org

    Mission Statement of Health Professions Of Montana Plan And Trust

    Health Professions of Montana Plan and Trust, a multiple employer welfare agreement, is dedicated to becoming the preferred choice for health benefits for health professionals in Montana. This mission is reflected in the organization's activities as it successfully paid out $10,358,111 in health and welfare benefits to participants and their beneficiaries this year.

    The Plan provides comprehensive health coverage, including medical, dental, vision, and prescription benefits, through self-funding that is reinsured with individual and aggregate stop-loss insurance coverage. This approach allows the organization to offer health benefits directly to health professionals in Montana, making it the go-to option for their health coverage needs. Additionally, the Plan complies with the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) by offering continuation of coverage for eligible groups.

    In summary, Health Professions of Montana Plan and Trust is committed to providing top-notch health benefits to health professionals in Montana. Through its self-funded health coverage and adherence to COBRA regulations, the organization has established itself as the primary choice for health benefits in the state, ensuring that health professionals have access to essential health services when they need it most.

    Impact

    This information is meant to be a general summary of Health Professions Of Montana Plan And Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Health Professions Of Montana Plan And Trust has made a significant impact by providing crucial health benefits to health professions in Montana. By paying out over $10 million in health and welfare benefits to participants and beneficiaries, the Plan has ensured access to essential healthcare services such as medical, dental, vision, and prescription coverage. Additionally, by offering continuation of coverage for eligible groups as required under COBRA, the Plan has contributed to the financial security and well-being of healthcare professionals in the state. This mutual benefit organization plays a key role in supporting the health and professional development of its members, making it a primary choice for health benefits in Montana.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $34,806
  • Program Service Revenue: $13,193,653
  • Gross Receipts: $13,271,845

    • Assets and Liabilities:
  • Total Assets: $6,989,809
  • Total Liabilities: $159,763
  • Net Assets: $6,830,046
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EMPLOYER CONTRIBUTIONS

    Revenue

    $13,193,653

    Organization Details

    Founding Year

    2008

    Principal Officer

    J Bruce Robertson Md

    Main Address

    PO Box 9406, Missoula, MT, 59807

    NTEE Category

    Code: Y40 - Mutual benefit

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