excellus bcbs financial statements

Its simple. Find a plan that works in your service area. Download Statements & Forms. This category only includes cookies that ensures basic functionalities and security features of the website. The health plan's reported net income of $97.2 million was down $73.6 million from the year before. We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. Overall, premium revenues were up slightly to $6.2 billion. The health insurer reported net income, or profit, of $97.2 million in 2020, down from $170.8 million in 2019. Heres how much the 20 highest paid Excellus employees made last year: Stephen Sloan, executive vice president, $1.4 million, Christopher Gorecki, executive vice president, $1.09 million, Paul Eisenstat, executive vice president, $873,744, Barry Thornton, executive vice president, $863,598, Catherine V. Rubin, executive vice president, $591,077, Stephen H. Cohen, executive vice president, $559,758, Melissa Gardner, executive vice president, $509,943, Bruce Jones, senior vice president, $505,436, Arthur G. Wingerter, president Univera, $500,788, Cynthia Langston, senior vice president, $491,387, Todd Muscatello, senior vice president, $475,513, Shari Westerfield, senior vice president, $463,321, Eve Van de Wal, regional president, $458,367, Christine Bergeman, senior vice president, $451,909, Timothy Quinlivan, senior vice president, $424,696, Richard P. Nangreave, senior vice president, $409,687. Excellus BlueCross BlueShield, an independent licensee of the Blue Cross Blue Shield Association, is a nonprofit health plan with 1.5 million upstate New York members. The company's COVID response also included grants to food banks and pantires, domestic violence prevention organizations, local diaper banks and $200,000 for "return to work" kits for employers. The COVID-19 crisis required a strong and comprehensive response to assure our members were able to receive the care they needed and to help assure the health care system itself would survive. In 2019, Congress passed and President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Collectively, the enterprise provides health insurance to nearly 1.5 million members and employs about 4,000 New Yorkers. All rights reserved (About Us). Documents of dependents will be available to view in the subscriber account, but you will not receive an email notification when new documents are viewable unless you setup a separate online account for that dependent. Bonds 26 5. . The information you're accessing may not be provided by Excellus BCBS. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). The 2021 results amount to a net income of $78 per member for the year. Although Excellus is a nonprofit, it paid $530.5 million in federal and state taxes last year. 5:00 PM An email address cannot be shared between multiple online accounts. Links marked with an (external site) icon indicate you're leaving ExcellusBCBS.com. Chief Executive Officer: James R. Reed Service Area: 31 New York State Counties: View and order your member card. By: Andrea Deckert Want a printed copy of the annual report? By clicking Accept, you consent to the use of ALL the cookies. Find a doctor, estimate medical cost and track your deductible and spending. Excellus paid Booth $3.25 million, up from $3.21 million in 2019. The Rochester-based insurer disclosed the figures in an annual financial report filed with the New York State Department of Financial Services. No one has ever faced a year like 2020, Booth said. 3/1/2023 3/2/2023 ROCHESTER, N.Y. The top three officers of Excellus BlueCross BlueShield, Central New Yorks largest health insurer, all had seven-figure salaries in 2020. Executive compensation is set by the board of directors based on comparable market data and performance. Tealeaf code added thru script to this page, Health Insurance Plans for Excellus BCBS Medicare Member, Stay informed on vaccines, testing coverage and more. View your Summary of Benefits and Coverage Find a doctor, estimate medical cost and track your deductible and spending View and order your member card Go Paperless! In 2019, the company paid $403 million in federal and state taxes. Contact him at (315) 470-2245 or jmulder@syracuse.com. Please note that only the subscriber on the policy can access the Form 1095-B. Go Paperless! No. Developing Agile and Integrated Marketing Plans for Business Growth, Greater Utica Chamber March Business After Hours, OPINION: New Yorks Medicaid Shuffle Will Devastate Localities, OPINION: In the U.S., We Have Chosen Representative Democracy, OPINION: Small Firms Get the Short End of the Stick Again in New York, Ask Rusty: About Social Securitys First Year Rule, VIEWPOINT: Governor Hochul Vetoes Changes to Wrongful-Death Law, VIEWPOINT: Retirement Planning has Changed Again with SECURE Act 2.0, People news: Fust Charles Chambers adds audit associate, Utica University selects Pfannestiel as its next president, MVCC names DiMaggio dean of athletics and recreation. The paperless documents currently available are: Monthly Health Summary, Prescription Drug Summary, Health Screening Reminder, Understanding & Managing Your Condition, Preventing & Managing Conditions Newsletter, Annual Health & Wellness Guide, 1095-B Tax Form, and Rates Notices. The health plan last year spent $5.9 billion in medical benefits for its 1.5 million members. By opting in to paperless, will I receive unsolicited marketing emails? Login anytime to update your paperless settings. You will receive your request within 30 days. All rights reserved. The health plan spent more than $5 billion, or an average $14.2 million every day, covering the health-care cost for our 1.5 million members, Gorecki said. Eric Reinhardt (ereinhardt@cnybj.com), Date: Community Rules apply to all content you upload or otherwise submit to this site. Univera Healthcare's parent finished 2022 in the black yet again, reporting net income of 0.9%, or $58.9 million, on revenue of $6.6 billion. No one has ever faced a year like 2020, Excellus CEO Christopher Booth said in a prepared statement. Excellus BlueCross BlueShield, headquartered in Rochester, NY, is part of a $6 billion family of companies that finances and delivers health care services across upstate New York and long term care insurance nationwide. The $58.9 million profit, or net income, was . At the end of 2020 Excellus had $1.2 billion in reserves, down from $1.4 billion at the end of. Regulators rejected them. The $58.9 million profit represents 0.9% of the $6.6 billion in premium revenue the insurer collected last year. ROCHESTER, N.Y. Excellus BlueCross BlueShield, Central New Yorks largest health insurer, reported net income of $58.9 million on $6.6 billion in premium revenue in 2022. Balance sheet 28 B. You also have the option to opt-out of these cookies. Therefore, email address must be unique to the individual. Your member card, coverage and claims. The year 2022 marked Jim Reeds first full year as CEO and president, Excellus said. Your subscription includes one set of login credentials for your exclusive use. An itemized list of COVID-related expenses paid out byExcellus BlueCross BlueShield last year provides a unique accounting of the pandemic across the region. Tealeaf code added thru script to this page, Health Insurance Plans for Excellus BCBS Member, Stay informed on vaccines, testing coverage and more. In the Statement & Document table, the form will be listed as "1095 Letters". For Unlimited Access to cnybj.com, please sign up for any of our subscription options or login to your account for full online access to Central New York's best source for business news, research, and events. That's according to the report for 2021 recently . Select Paperless Settings . Under My Information, select View Statements/Documents. Rochester, New York 14647. White, executive vice president, $566,854, Richard P. Nangreave, senior vice president, $559, 945, Todd A. Muscatello, senior vice president, $557,257, Shari A. Westerfield, senior vice president, $548,505, Arthur G. Wingerter, president Univera, $535,216, John N. Kompare Jr., senior vice president, $519,228, Christine Barnes, senior vice president, $518,101, Michael S. Burke, vice president $513,062, Aaron R. Bertram, vice president, $506,831, Brenda A. Rigas, senior vice president, $502,289, Eve M. Van de Wal, regional president, $501,169, Robert Wendler, senior vice president, $483,672, Mona Chitre, chief pharmacy officer, $463,320, James T. Mulder covers health. 3/14/2021 We also use third-party cookies that help us analyze and understand how you use this website. The health plans total membership grew by more than 13,000 during 2020, representing the fourth consecutive year in which membership has grown, Excellus said. 5:00 PM Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Step 2. It also included more than$40 million in cash advances to providers approved beyond the normal $192 million in advances, $1 million in grants to hospitals for COVID-19 testing supplies and personal protective equipment, and $250,000 in grants to hospitals for COVID-19 testing machines. We elect leaders to make decisions on our behalf. Compare health plans. Reading Corporate Financial Statements Excel for Accountants The support included $102 million to pay for increased telemedicine coverage and increased provider-reimbursement rates. Where are my statements and documents stored in my online account? Statement of revenue and expenses 25 4. When Excellus BCBS is responsible for the design of your Plan, reviews are performed and certified with the New York State Department of Financial Services to ensure compliance with mental health parity laws. Blue Cross and Blue Shield plans are investing more than $40 million in Solera Health, which manages chronic disease and helps address patients social determinants of health. YouTubes privacy policy is available here and YouTubes terms of service is available here. The link in your paperless email notification will send you directly to the member document center once you provide your log in credentials. This coverage is only possible with support from our readers. Preventive Care ROCHESTER, N.Y. Excellus BlueCross BlueShield, Central New York's largest health insurer, reported net income of $58.9 million on $6.6 billion in premium revenue in 2022. Click the link to view, print, or download. 5:45 PM. On Jan. 31, 2023, New York Gov. Blue Cross and Blue Shield of Utica-Watertown, Inc. July 1, 1989 ; December 31, 1994 . ", More: NY health insurers wanted double-digit rate hikes. Regulators rejected them. Use your online member account to download or print your Form 1095-B. Copyright 2023, Excellus BlueCross BlueShield, a nonprofit independent licensee of the Blue Cross Blue Shield Association. Cookie Settings/Do Not Sell My Personal Information. We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. Excellus BCBS offers providers information and tools online 24/7. Excellus's net income declined 50 percent from the $117.6 million the health insurer generated in 2021. 7:00 PM. Select Paperless Settings . Though a nonprofit, the company paid $530.5 million in federal and state taxes including $112 million attributed to the Affordable Care Act, reinstated last year after being suspended the year before. 2023 Advance Local Media LLC. Security features have been integrated on this site: If someone signs in with your credentials while you are logged in, the site will automatically close your ongoing login and you will lose access at that time. stratton st margaret cemetery, jamie senegal wrestler,

Why Is Tesco Imperfect Competition, Tug Fork River Map, Mysql Transaction If Statement, How To Decrease The Flame On A Clipper Lighter, Que Simboliza La Serpiente En La Biblia, Articles E