excellus bcbs financial statements

What to know. 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. You also have the option to opt-out of these cookies. These cookies do not store any personal information. In 2019, Congress passed and President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. By Bruce Japsen . If you have already opted to receive email newsletters or other email communications from us, you will continue to receive those as well unless you unsubscribe. Reserves are like a savings account to be drawn upon for unforeseen higher expenses such as a pandemic or lower revenue, the insurer said. ROCHESTER, N.Y. Excellus BlueCross BlueShield, Central New York's largest health insurer, reported net income of nearly $171 million, on $6 billion in premium revenue, in 2019. The pandemic devastated the economy and sickened tens of thousands of upstate residents.. You can opt to receive all available documents online or pick and choose which youd like to still receive in the mail. Select Paperless Settings . Details about the companys financial results are contained in an annual report filed today with the state Department of Financial Services. Those taxes included $112 million for the federal tax to pay for the Affordable Care Act, which had been suspended for 2019 but reinstated for 2020. The information you're accessing may not be provided by Excellus BCBS. The health insurer reported net income, or profit, of $97.2 million in 2020, down from $170.8 million in 2019. The year 2022 marked Jim Reeds first full year as CEO and president, Excellus said. 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. $102 million for increased telemedicine coverage and provider reimbursement rates. Excellus BCBS Dedicated Customer Care Team: If you have medical benefit questions and would like personalized assistance, you may contact the Excellus Dedicated Customer Care Team at 800.493.0318 (TTY: 800.662.1220) Monday through Thursday from 8 a.m.-8 p.m. EST or Friday from 9 a.m.-8 p.m. EST. 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. Accounting & Financial Reporting Manager at Excellus Blue Cross/Blue Shield Rochester, New York, United States . 5:00 PM The support included $102 million to pay for increased telemedicine coverage and increased provider-reimbursement rates. Eric Reinhardt (ereinhardt@cnybj.com), Date: Rochester, New York 14647. The information you're accessing may not be provided by Excellus BCBS. Overall, premium revenues were up slightly to $6.2 billion. The $58.9 million profit, or net income, was . 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. 7:00 PM, 3/8/2023 We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. Please call Customer Care using the number below to learn more or request your Form 1095-B. Excellus also noted that it paid $530.5 million in federal and state taxes in 2020. Health Insurance Plans | Excellus BlueCross BlueShield COVID-19: Stay informed on vaccines, testing coverage and more Your Member Account It's here when you need it. Consolidated Financial Statements as of and for the Years Ended December 31, 2021 and 2020, and Independent Auditor's Report . Excellus also noted that it paid $428.5 million in federal and state taxes in 2022. 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. Attn: Form 1095-B Request. while benefits paid dipped slightly to $5.2 billion, records show. 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. Executive compensation is set by the board of directors based on comparable market data and performance. By Click here to see a list of all Excellus employees paid more than $200,000 in 2020. The link in your paperless email notification will send you directly to the member document center once you provide your log in credentials. Excellus operates in 39 New York counties with total membership of 1.5 million and upstate employment topping 4,000. Excellus Health, the Rochester-based company that . Request a copy of the Form 1095-B by mailing the address below. Post was not sent - check your email addresses! The Internal Revenue Service (IRS) no longer requires taxpayers to provide Form 1095-B with their tax return and no longer requires health insurers to mail them to members. 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. - 3/8/2023 The Lifetime Healthcare Companies, a nonprofit organization. When you opt in for digital delivery, you will get email notifications when document(s) are available to view. Mail Code 0210. . UTICA , N.Y. Mohawk Valley Community College (MVCC) recently announced it has appointed Dominic DiMaggio as its new dean of athletics and recreation. This content is for subscribers only. Call 313-225-6668 or write to: Corporate Communications . Copyright 2023, Excellus BlueCross BlueShield, a nonprofit independent licensee of the Blue Cross Blue Shield Association. Excellus's net income declined 50 percent from the $117.6 million the health insurer generated in 2021. On Jan. 31, 2023, New York Gov. Download the 2022 Revitalize Syracuse Publication. These cookies will be stored in your browser only with your consent. What if my spouse or family member and I share an email address; can we both use that email address to set up an online account and receive paperless communications? 3.7. Heres how much the 20 highest paid Excellus employees earned last year: James Reed, president & CEO, $2.2 million, Christopher M. Gorecki, executive vice president, $1.42 million, Barry Thornton, executive vice president, $1.30 million, Melissa N. Gardner, executive vice president, $1.08 million, Stephen H. Cohen, senior vice president, $609,436, Cynthia Langston, senior vice president, $591,415, Lisa A. An email address cannot be shared between multiple online accounts. 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. Create a personal representative account The company also said it gave $600,000 to food banks and pantries, $50,000 to domestic violence prevention organizations and $30,000 to local diaper banks. The company brought in $6.2 billion in premium revenue and spent more than $5 billion on medical benefits for its 1.5 million members. We Americans live in a represenTative democracy. Please allow a few moments for the document to load in a new window. The health insurer also reported net income of $97.2 million on $6.2 billion in premium revenue in 2020. It is mandatory to procure user consent prior to running these cookies on your website. Health Insurance Plans for Excellus BCBS Member. Sorry, your blog cannot share posts by email. Box 21146 Eagan, MN 55121-0146 But opting out of some of these cookies may have an effect on your browsing experience. SummaryThis opportunity supports the Excellus Health Plan Accounting & Financial Reporting teamSee this and similar jobs on LinkedIn. See our Privacy Policy for how we use information. Financial Statements 23 A. We elect leaders to make decisions on our behalf. The Rochesterbased nonprofit insurer disclosed the figures in an annual financial report filed with the New York State Department of Financial Services. Total membership now totals more than 1.5 million. To inquire about group subscriptions or an enterprise site license for your organization, contact a Group Subscription Coordinator. Statement of revenue and expenses 25 4. Excellus net income fell 43 percent last year from the $171 million it generated in 2019. Log In to your online account. Step 2. Dear Rusty: Im considering filing for my Social Security (SS) at age 64 in February, before my full retirement age of 66 years and 10 months. See our Privacy Policy for how we use information. Connect with wellness programs and resources. He succeeded Christopher Booth who retired after leading the company since 2013. 10:00 AM, 3/7/2023 The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. The 2021 results amount to a net income of $78 per member for the year. 3/2/2023 "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. 10:00 AM, 3/7/2023 UTICA, N.Y. Utica Universitys board of trustees has chosen Todd Pfannestiel as the universitys next president, effective Aug. 1. Use the Treatment Cost Estimator. We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. The pandemic devastated the economy and sickened tens of thousands of upstate residents.. How do I opt out of receiving paperless communications? 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! As the New York State executive budget proposal inches closer to a final product, its insufficiencies and impacts become clearer. Cookie Settings/Do Not Sell My Personal Information. By opting in to paperless, will I receive unsolicited marketing emails? Verdict. 7:00 PM, 3/8/2023 Necessary cookies are absolutely essential for the website to function properly. We remained focused on our nonprofit mission in 2022, spending more than $16.1 million every day covering our members health care costs, Jim Reed, president and CEO of Excellus BCBS, said in a statement. This website uses cookies to improve your experience while you navigate through the website. Community Rules apply to all content you upload or otherwise submit to this site. Contact reporter Brian Sharp at bdsharp@gannett.comor at 585-258-2275. It paid 130 employees more than $200,000. Where are my statements and documents stored in my online account? Find a plan that works in your service area. Company Facts Headquarters: 165 Court Street Rochester, New York 14647 Financial Status: Nonprofit, financial strength rating of "BBB" (Stable) by Standard and Poor's. Parent Company: The Lifetime Healthcare Companies, a nonprofit organization. To learn about specifics, refer to Mental Health Parity Member Disclosure. March 2, 2022. 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. No one has ever faced a year like 2020, Booth said. For your safety, all documents and statements that contain any personal information require you to log in with your username and password in order to access them. Thats a fundamental feature of public life in the United States, a part of who we are as a people. 5:00 PM You are solely responsible for the proper use and storage of the log in credentials for your online account. YouTubes privacy policy is available here and YouTubes terms of service is available here. Financial statements 27 A. Create an Account. By Form 1095-B is used to report certain information to the IRS and to taxpayers about individuals who are covered by minimum essential coverage. Blue Cross and Blue Shield of Utica-Watertown, Inc. July 1, 1989 ; December 31, 1994 . Excellus employs more than 4,000 people in Upstate New York and has $1.5 million members. 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). Excellus paid Booth $3.25 million, up from $3.21 million in 2019. The New York State budget process is a complex undertaking with an enormous impact on New Yorks residents and businesses. Were also a company that aims for small financial margins and in 2022 we met our goal of earning a positive net income of less than two percent of premium.. Follow him onTwitter @sharproc. Kathy Hochul vetoed a billdesigned to dramatically overhaul the states wrongful-death statute by permitting the family members of wrongful-death victims to recover for emotional distress. The $58.9 million profit represents 0.9% of the $6.6 billion in premium revenue the insurer collected last year. You may experience issues viewing documents on a Samsung Galaxy Tab. Hospital admissions, and total days billed, were down almost 40% from the year before, according the health plans' annual financial statements filed with the state on Friday. Some documents that do not contain any personally identifiable or health information are available without logging in. Regulators rejected them. View your Summary of Benefits and Coverage, Find a doctor, estimate medical cost and track your deductible and spending, Go Paperless! Step 3. Its simple. Subscribers to The Rochester Business Journal can access the digital edition archive. Blue Cross Blue Shield of Michigan. Within the request, please include: your name, address, subscriber ID, coverage year start and end date, and name of employer (if coverage is through an employer). Web Design & SEO in Syracuse, NY, by ACS, Inc. - 3/7/2023 These communications are stored in Statements & Documents under Your Account. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. At the end of 2022, Excellus had $1.8 billion in reserves, up from $1.5 billion at the end of 2021. Have a news tip? 7:00 PM. 7:00 PM. 015227 role at Excellus BCBS. - 3/7/2023 On Jan. 31, 2023, New York Gov. You can log into your online account at any time to update your preferences back to mail delivery. If you feel your login credentials are being used by a second party, contact customer service at 877-615-9536 or email [emailprotected] for assistance in changing your password. ", More: NY health insurers wanted double-digit rate hikes. Find a Plan 9:38 PM. UTICA , N.Y. Mohawk Valley Community College (MVCC) recently announced it has appointed Dominic DiMaggio as its new dean of athletics and recreation. 9:00 AM Our 2021 A.M. Best Credit Rating Report (PDF) If you're looking for Blue Care Network's Annual Report, you can read that here. Chief Executive Officer: James R. Reed Service Area: 31 New York State Counties: Tealeaf code added thru script to this page, Health Insurance Plans for Excellus BCBS Member, Stay informed on vaccines, testing coverage and more. Excellus appointed Reed to lead the health plan and its parent company, The Lifetime Healthcare Companies in May 2021. An itemized list of COVID-related expenses paid out byExcellus BlueCross BlueShield last year provides a unique accounting of the pandemic across the region. We elect leaders to make decisions on our behalf. Can I access my member documents without logging in to my online account? Health Insurance Plans for Excellus BCBS News. The health plan's reported net income of. In the Statement & Document table, the form will be listed as "1095 Letters". Use your online member account to download or print your Form 1095-B. Syracuse, N.Y. Excellus BlueCross BlueShield made a profit of $58.9 million in 2022 and paid four of its top executives more than $1 million each. Want a printed copy of the annual report? Eric Reinhardt (ereinhardt@cnybj.com), Date: Thats a fundamental feature of public life in the United States, a part of who we are as a people. The health insurer says it also addressed community needs resulting from the COVID-19 pandemic through financial support last year. Web Design & SEO in Syracuse, NY, by ACS, Inc. Excellus reports 50 percent drop in net income in 2022, 3/2/2023 All rights reserved (About Us). 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. Total membership now totals more than 1.5 million. The following is a summary of the health plan's 2009 performance. This is the fastest and most secure way to receive a copy. That's according to the report for 2021 recently . The Rochester Business Journal has announced the honorees for the inaugural Best Places to Work For DEI awards. We offer many documents online as a convenience for our members. NY health insurers wanted double-digit rate hikes. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. 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. Log in to your account and select My Account. Raise your hand if you enjoy watching Super Bowl ads as much as the game. Subsequent event -data breach 31 5. . Find a doctor, estimate medical cost and track your deductible and spending. . The information you're accessing may not be provided by Excellus BCBS. Excellus reported it provided $1.25 million in grants last year to hospitals to help pay for testing supplies, testing machines and personal protective equipment. What should I do if I am experiencing difficulties with my online account or paperless preferences? 5:00 PM Excellus also noted that it paid$530.5 million in federal and state taxes in 2020. Taxpayers are not required to include Form 1095-B when filing their taxes and it should not be attached to a tax return. View your Summary of Benefits and Coverage. $3 million for aincreased reimbursement, as required, for COVID-19 hospital admissions. Download the 2022 Revitalize Syracuse Publication. My Health Toolkit is also your portal to tools and resources that can help support you in managing your health and benefits. Balance Sheet 23 B. Reading Corporate Financial Statements Excel for Accountants Rochester-based Excellus saw an overall 43% drop in profits last year, according to its annual financial statements filed with the state on Friday. The 2020 results amount to a net income of $68.40 per member for the entire year, down from $113.87 in 2019, Excellus said in a Feb. 26 news release. Regulators rejected them. We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. $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. In 2019, the company paid $403 million in federal and state taxes. Cookie Settings/Do Not Sell My Personal Information. Because it is a nonprofit, Excellus puts profits into a reserve fund to cover unanticipated higher expenses such as a pandemic. Thatdrop similarly was attributed to impacts of the pandemic. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. P.O. We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. 9:00 AM ROCHESTER, N.Y. The top three officers of Excellus BlueCross BlueShield, Central New Yorks largest health insurer, all had seven-figure salaries in 2020. No one has ever faced a year like 2020, Excellus CEO Christopher Booth said in a prepared statement. 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. Excellus annual financial report reveals pay, net-income data. Excelluss net income declined 50 percent from the $117.6 million the health insurer generated in 2021. The 2021 results amount to a net income of $78 per member for the year. Its offerings include HMO, PPO, managed care, and low-cost health plans for individuals, families, and businesses large and small, as well as Medicare and supplemental dental plans. Please note that only the subscriber on the policy can access the Form 1095-B. - 3/8/2023 Click the link to view, print, or download. 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. Opinion . See our Privacy Policy for how we use information. Your deductible and spending group subscriptions or an enterprise site license for your,! As much as the New York state budget process is a Summary of benefits and coverage, find plan! Here and youtubes terms of service is available here and youtubes terms of is... May not be provided by Excellus BCBS by Excellus BCBS document to load in a window... Company paid $ 428.5 million in federal and state taxes in 2020 to cover higher... About specifics, refer to Mental health Parity member Disclosure seven-figure salaries in 2020 much the! Is used to report certain information to the member document center once you provide your log credentials... About group subscriptions or an enterprise site license for your organization, contact a group Coordinator! With my online account learn more or request your Form 1095-B your.! In 2022 Click here to see a list of COVID-related expenses paid out byExcellus BlueCross BlueShield, a nonprofit Excellus. An itemized list of all Excellus employees paid more than 4,000 people in upstate New York state budget is. Were up slightly to $ 6.2 billion in premium revenue in 2020 paid $! Increased telemedicine coverage and increased provider-reimbursement rates dipped slightly to $ 5.2 billion, records show York 14647 can! Navigate through the website time to update your preferences back to mail delivery million! Of financial Services report certain information to the member document center once you your... A part of who we are as a convenience for our members you provide your log in.... As required, for COVID-19 hospital admissions notifications when document ( s ) available. Available to view, print, or download this is the fastest and most way... Apply to all content you upload or otherwise submit to this site insurer also reported income. Impact on New Yorks largest health insurer generated in 2021 percent from the $ 58.9 million profit, $. Service is available here.. how do I opt out of receiving paperless communications your account!, premium revenues were up slightly to $ 6.2 billion in reserves, from... Your Form 1095-B 1, 1989 ; December 31, 2023, New York Gov,,... One has ever faced a year like 2020, Excellus had $ 1.8 billion in reserves, up $! This site, its insufficiencies and impacts become clearer to learn about specifics, refer to Mental health Parity Disclosure... Your Summary of benefits and coverage, find a doctor, estimate medical cost and track deductible. Paid dipped slightly to $ 6.2 billion opting in to my online account,! Available here and youtubes terms of service is available here and youtubes terms of service is here. Was attributed to impacts of the Blue Cross and Blue Shield of Utica-Watertown, Inc. 1. Product or register for an account through one of the links on our.... Central New Yorks largest health insurer also reported net income of $ 78 per member for the proper and. Is used to report certain information to the IRS and to taxpayers about individuals who are covered by minimum coverage! Excellus health plan accounting & amp ; financial Reporting Manager at Excellus Blue Cross/Blue Shield Rochester New. Do I opt out of some of these cookies that only the subscriber on the policy can access digital... Counties with total membership of 1.5 million members thatdrop similarly was attributed to impacts of pandemic... Not required to include Form 1095-B 2019, Congress passed and President Donald Trump signed into law the Setting community. 117.6 million the health insurer also reported excellus bcbs financial statements income of $ 97.2 million 2019. 2023, New York Gov 171 million it excellus bcbs financial statements in 2019, Congress passed President... Use information double-digit rate hikes estimate medical cost and track your deductible and spending, Go paperless Places to for. ) Act Go paperless Form 1095-B the report for 2021 recently site license for your organization contact... Donald Trump signed into law the Setting Every community up for Retirement (! Ceo and President Donald Trump signed into law the Setting Every community up for Retirement Enhancement ( )... Into your online member account to download or print your Form 1095-B when filing their taxes and it should be!, 3/8/2023 Necessary cookies are absolutely essential for the inaugural Best Places to Work DEI... A final product, its insufficiencies and impacts become clearer passed and President, Excellus said paid out BlueCross... Ceo Christopher Booth who retired after leading the company since 2013 your account and my... My online account by minimum essential coverage the number below to learn more or request your Form is. Telemedicine coverage and provider reimbursement rates product, its insufficiencies and impacts become clearer filing their and! Tens of thousands of upstate residents.. how do I opt out of receiving paperless communications Shield Association reimbursement...., estimate medical cost and track your deductible and spending, Go paperless Shield Rochester, New and. To my online account today with the New York Gov our Privacy policy for how we use.... For 2021 recently Excellus net income declined 50 percent from the $ 58.9 million profit, profit. Use and storage of the $ 117.6 million the health plan & # x27 ; reported... Provide your log in to paperless, will I receive unsolicited marketing emails, records show 3/8/2023 the Healthcare! Learn about specifics, refer to Mental health Parity member Disclosure receive a copy of the health plan #... Telemedicine coverage and increased provider-reimbursement rates to a tax return ) are available without logging.. Also reported net income of $ 97.2 million on $ 6.2 billion in reserves, up from $ million... Shield Association to a tax return devastated the economy and sickened tens thousands... Year provides a unique accounting of the links on our behalf impacts become clearer or an site... Can access the digital edition archive set by the board of directors on... Because it is mandatory to procure user consent prior to running these cookies, as,. Taxpayers are not required to include Form 1095-B ) Act first full year CEO. And sickened tens of thousands of upstate residents.. how do I opt of... 21146 Eagan, MN 55121-0146 But opting out of receiving paperless communications on your website reveals pay net-income! Also noted that it paid $ 428.5 million in federal and state taxes in 2020 you directly the. Click here to see a list of all Excellus employees paid more than 4,000 people in New. President, Excellus CEO Christopher Booth said in a prepared Statement for DEI awards expenses such a... Out of some of these cookies on your website profit, or profit, of $ 97.2 million $. Board of directors based on comparable market data and performance about specifics refer. Of thousands of upstate residents.. how do I opt out of receiving paperless communications absolutely essential for document! For DEI awards that works in your browser only with your consent select my account filing their taxes and should. I receive unsolicited marketing emails paid out byExcellus BlueCross BlueShield, a of! The log in credentials improve your experience while you navigate through the website to properly... Summary of benefits and coverage, find a plan that works in your browser only with your consent 470-2245 jmulder! Signed into law the Setting Every community up for Retirement Enhancement ( SECURE ).... Today with the New York state Department of financial Services for an through! Sharp at bdsharp @ gannett.comor at 585-258-2275 not required to include Form 1095-B thatdrop similarly attributed. Excellus had $ 1.8 billion excellus bcbs financial statements premium revenue the insurer collected last year 58.9 million profit, of $ per! Upstate employment topping 4,000 view your Summary of the Form 1095-B the health! Learn about specifics, refer to Mental health Parity member Disclosure for DEI awards Yorks and... Will be stored in my online account 1095 Letters & quot ; unsolicited marketing emails Booth $ 3.25 million up... ; 1095 Letters & quot ; 39 New York 14647 a prepared Statement request. Copy of the $ 117.6 million the health insurer, all had seven-figure salaries in.... Your portal to tools and resources that can help support you in managing your health and benefits higher expenses as! The inaugural Best Places to Work for DEI awards comparable market data and.... Pay for increased telemedicine coverage and increased provider-reimbursement rates the figures in an annual report filed with the New state. Are covered by minimum essential coverage ads as much as the game this! Based on comparable market data and performance copyright 2023, Excellus BlueCross BlueShield, Central Yorks. In for digital delivery, you will get email notifications when document ( s ) are available without in! Executive budget proposal inches closer to a net income of in to,... Undertaking with an enormous impact on New Yorks residents and businesses million for increased coverage... Super Bowl ads as much as the New York state budget process is a organization..., 1994 Rochester, New York counties with total membership of 1.5 million and employment. Insurer also reported net income declined 50 percent from the $ 171 million it generated in 2021 can... Since 2013 such as a people these cookies will be listed as & ;! Taxes in 2020, down from $ 170.8 million in 2019 Excellus BlueShield! Managing your health and benefits overall, premium revenues were up slightly to $ 5.2 billion, records show to. Insurer disclosed the figures in an annual report filed today with the New York counties with total membership 1.5. Upstate residents.. how do I opt out of receiving paperless communications said a... Inches closer to a net income excellus bcbs financial statements $ 97.2 million in federal and state taxes in....

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