Overview
What is Montana Health Network Health Insurance Plan & Trust?
The Montana Health Network Health Insurance Plan & Trust is a Multiple Employer Voluntary Employee Benefit Association based in Miles City, Montana. Its primary objective is to help manage the risks associated with self-insurance on ultimate benefit coverage by paying stop loss insurance premiums. This nonprofit organization provides medical benefits for eligible medical claims of participants at 29 healthcare entities. Functioning as a beneficial association, Montana Health Network helps its members share the risks and costs of self-insurance, ensuring access to essential healthcare coverage.
Is Montana Health Network Health Insurance Plan & Trust legitimate?
Montana Health Network Health Insurance Plan & Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Montana Health Network Health Insurance Plan & 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 Montana Health Network Health Insurance Plan & Trust?
The Montana Health Network Health Insurance Plan & Trust operates as a Multiple Employer Voluntary Employee Benefit Association, focusing on managing the risk of being self-insured by paying stop loss insurance premiums. Its primary objective is to offer medical benefits for eligible medical claims of participants across various healthcare entities. The association aims to mitigate the financial risk associated with healthcare coverage, ensuring continued access to essential medical services for its members. By pooling resources from multiple employers, the trust is able to provide comprehensive health insurance coverage, while sharing the financial burden among the participating entities.
Who is the CEO of Montana Health Network Health Insurance Plan & Trust?
Bill Robinson is the Chair (Thru Sept 22) See Sch. O of Montana Health Network Health Insurance Plan & Trust.
What is the revenue of Montana Health Network Health Insurance Plan & Trust?
Montana Health Network Health Insurance Plan & Trust's revenue in 2022 was $22,372,514.
Who are the executives of Montana Health Network Health Insurance Plan & Trust and what are their salaries?
- Bill Robinson (Chair (Start Oct 22) See Sch. O) [Trustee/Director]
- Randy Holom (Chair (Thru Sept 22) See Sch. O) [Trustee/Director]
- Greg Drapes (Secretary See Sch. O Explanation) [Trustee/Director]
- Linda Mehlhoff (Member See Sch. O Explanatiion) [Trustee/Director]
- Holly Wolff (Member See Sch. O Explanation) [Trustee/Director]
- Jeri Chapman (Member (Start Oct 22) See Sch. O) [Trustee/Director]
Where can I find the form 990 for Montana Health Network Health Insurance Plan & Trust?
The Montana Health Network Health Insurance Plan & Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Montana Health Network Health Insurance Plan & Trust
The Montana Health Network Health Insurance Plan & Trust, often referred to as Montana Health Network, serves as a Multiple Employer Voluntary Employee Benefit Association. In simpler terms, it is an organization that pools resources from various employers to manage the financial risk associated with self-insurance on ultimate benefit coverage. By paying stop loss insurance premiums, this Montana-based entity ensures that participating employers are protected against catastrophic medical costs.
The core function of Montana Health Network is to provide medical benefits for qualifying medical claims of its participants. This benefits program covers approximately 29 healthcare entities, offering essential healthcare services to a significant number of individuals. In essence, Montana Health Network acts as a safety net, safeguarding employers from the potential financial burden of extensive medical expenses.
Impact
This information is meant to be a general summary of Montana Health Network Health Insurance Plan & Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Montana Health Network Health Insurance Plan & Trust's impact is significant in providing medical benefits to participants at 29 healthcare entities. By functioning as a Multiple Employer Voluntary Employee Benefit Association, it aims to manage the risk associated with self-insurance on ultimate benefit coverage by paying stop-loss insurance premiums. This allows participants to access healthcare services and receive coverage for qualified medical claims. Operating from Miles City, MT, this organization plays a crucial role in ensuring healthcare coverage for individuals in its network of healthcare entities.
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.
Participating Employers' Contribu
Revenue
$22,392,426
Limited continuation of coverage
Revenue
$78,989
Organization Details
Founding Year
1993
Phone
(406) 234-1420
Principal Officer
Bill Robinson
Main Address
519 Pleasant Street, Miles City, MT, 59301
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Montana Health Network Health Insurance Plan & Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.