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: What to know. Select the link for the communication you would like to view under Statement & Document Name. The company's mission is to help people live healthier and more secure lives through access to high-quality, affordable health care. All rights reserved (About Us). 3/14/2021 We also use third-party cookies that help us analyze and understand how you use this website. Statement of revenue and expenses and capital and 30 surplus 4. 5:00 PM Tealeaf code added thru script to this page, Health Insurance Plans for Excellus BCBS Member, Stay informed on vaccines, testing coverage and more. 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. How can I be sure my secure information is safe? Eric Reinhardt (ereinhardt@cnybj.com), Date: 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. Some documents that do not contain any personally identifiable or health information are available without logging in. Step 3. Rochester-based Excellus saw an overall 43% drop in profits last year, according to its annual financial statements filed with the state on Friday. Some $51 million in expenses are attributed to claims for services that might otherwise have been screened out but for the suspension of prior authorization and other reviews. To inquire about group subscriptions or an enterprise site license for your organization, contact a Group Subscription Coordinator. Excellus annual financial report reveals pay, net-income data. Subscribers to The Rochester Business Journal can access the digital edition archive. The health insurer also reported net income of $97.2 million on $6.2 billion in premium revenue in 2020. Box 21146 Eagan, MN 55121-0146 Step 1. Due to poor financial performance in 2008, compensation for the corporation's top officers was reduced by at least 20 percent in 2009. 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. 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. 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. 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. If you are an employer sponsoring a group health plan for your employees, chances are youre aware of the special PathStone Corp., and its affiliate, The Enterprise Center at PathStone Inc., announced a workforce training program funded by a $3 FlixBus, the fastest-growing intercity bus service in North America, will move its Rochester operations from curbside pickup on East Broad Excellus BlueCross BlueShield received $6.6 billion in premium revenue and paid $5.9 billion in medical benefits in 2021, according to its annual report filed this week with the state Department of Financial Services. Collectively, the enterprise provides health insurance to nearly 1.5 million members and employs about 4,000 New Yorkers. 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. Thats a fundamental feature of public life in the United States, a part of who we are as a people. Excellus reserves stood at $1.2 billion at the end of 2020, or the equivalent of 70 days of claims and expenses. 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. $1 million in grants to hospitals for COVID testing supplies and PPE. Executive compensation is set by the nonprofit companys board of directors based on comparable market data and performance.. Contact reporter Brian Sharp at bdsharp@gannett.comor at 585-258-2275. Eric Reinhardt (ereinhardt@cnybj.com), Date: 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. As the New York State executive budget proposal inches closer to a final product, its insufficiencies and impacts become clearer. Form 1095-B is used to report certain information to the IRS and to taxpayers about individuals who are covered by minimum essential coverage. 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. 165 Court Street You can still view, download, or request a copy for your own records using one of the following methods below. An itemized list of COVID-related expenses paid out byExcellus BlueCross BlueShield last year provides a unique accounting of the pandemic across the region. That money is set aside to cover unforeseen higher expenses like a pandemic or a drop in revenue. Executive compensation is set by the board of directors based on comparable market data and performance. Select Paperless Settings . Where are my statements and documents stored in my online account? Download Statements & Forms Register & Create Account Helping a member as their personal representative? These cookies will be stored in your browser only with your consent. Under My Information, select View Statements/Documents. The Rochesterbased nonprofit disclosed the figures in an annual financial report filed with the New York State Department of Financial Services. My Health Toolkit is also your portal to tools and resources that can help support you in managing your health and benefits. Want a printed copy of the annual report? Use our secure Contact Us form below and clearly indicate you are requesting a copy of the Form 1095-B. Web Design & SEO in Syracuse, NY, by ACS, Inc. Excellus reports 50 percent drop in net income in 2022, 3/2/2023 5:00 PM If you purchase a product or register for an account through one of the links on our site, we may receive compensation. - 3/2/2023 You can opt to receive all available documents online or pick and choose which youd like to still receive in the mail. 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. You can access your online account from a desktop computer, laptop, tablet or smartphone. Please clearly indicate this is a request for your Form 1095-B. UTICA , N.Y. Mohawk Valley Community College (MVCC) recently announced it has appointed Dominic DiMaggio as its new dean of athletics and recreation. Excellus paid Booth $3.25 million, up from $3.21 million in 2019. Nonprofit, financial strength rating of "BBB" (Stable) by Standard and Poor's. Health Insurance Plans for Excellus BCBS Member. No one has ever faced a year like 2020, Excellus CEO Christopher Booth said in a prepared statement. In the Statement & Document table, the form will be listed as "1095 Letters". You can specify delivery method by category or document name. At the end of 2020 Excellus had $1.2 billion in reserves, down from $1.4 billion at the end of. Create a personal representative account Raise your hand if you enjoy watching Super Bowl ads as much as the game. 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. We elect leaders to make decisions on our behalf. Regulators rejected them. P.O. 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. Your member card, coverage and claims. 5:00 PM We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. For security reasons and protection of personal information, we need to ensure that only one individual can access and receive information from an online account. Bonds 26 5. . But opting out of some of these cookies may have an effect on your browsing experience. The Rochesterbased nonprofit insurer disclosed the figures in an annual financial report filed with the New York State Department of Financial Services. The Lifetime Healthcare Companies, a nonprofit organization. In the Statement & Document table, the form will be listed as "1095 Letters". SYRACUSE, N.Y. Fust Charles Chambers LLP, a certified public accounting (CPA) firm based in Syracuse, announced it has hired Madison Rice as an audit associate. Have a news tip? Please note that only the subscriber on the policy can access the Form 1095-B. The $58.9 million profit, or net income, was . Community Rules apply to all content you upload or otherwise submit to this site. . The financial results are from a report Excellus filed today with the state. It also included more than. The $58.9 million profit, or net income, was . Cookie Settings/Do Not Sell My Personal Information. $530.5 million in federal and state taxes in 2020. The health plan's reported net income of. When you opt in for digital delivery, you will get email notifications when document(s) are available to view. 9:00 AM 3/2/2023 10:00 AM, 3/7/2023 Thats a fundamental feature of public life in the United States, a part of who we are as a people. ", More: NY health insurers wanted double-digit rate hikes. The support included $102 million to pay for increased telemedicine coverage and increased provider-reimbursement rates. Find a doctor, estimate medical cost and track your deductible and spending. By opting in to paperless, will I receive unsolicited marketing emails? 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. Not all documents are available for all plan types and new documents will be continually added to the paperless option; you can update your preferences at any time. Connect with wellness programs and resources. Booth's compensation increased 4.3% to nearly $3.26 million. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. What to know, set by the board of directors based on comparable market data and performance, Your California Privacy Rights/Privacy Policy. Necessary cookies are absolutely essential for the website to function properly. Log in to your account and select My Account. Find a plan that works in your service area. This website uses cookies to improve your experience while you navigate through the website. Select Online for all statements and documents that you would like to receive paperless and Mail for any documents you do not. Reserves are like a savings account to be drawn upon for unforeseen higher expenses such as a pandemic, the insurer says. Please call Customer Care using the number below to learn more or request your Form 1095-B. View and order your member card. 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. 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. 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.. In 2019, the company paid $403 million in federal and state taxes. Excellus appointed Reed to lead the health plan and its parent company, The Lifetime Healthcare Companies in May 2021. The Rochester-based insurer disclosed the figures in an annual financial report filed with the New York State Department of Financial Services. No one can access your online account without your username and password. Excellus operates in 39 New York counties with total membership of 1.5 million and upstate employment topping 4,000. Find a plan that works in your service area. Download the 2022 Revitalize Syracuse Publication. 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. Have a news tip? This category only includes cookies that ensures basic functionalities and security features of the website. The link in your paperless email notification will send you directly to the member document center once you provide your log in credentials. Step 2. 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). This is the fastest and most secure way to receive a copy. All rights reserved. Step 1. Enter your user name and password in the fields above to gain access to the subscriber content on this site. NY health insurers wanted double-digit rate hikes. - 3/2/2023 Overall, premium revenues were up slightly to $6.2 billion. 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. 3.7. 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. $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. $21 million in medical and dental premium refund credits to employers and union-sponsored plans. We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. What should I do if I am experiencing difficulties with my online account or paperless preferences? No one has ever faced a year like 2020, Booth said. Log in to your account and select My Account. Total membership now totals more than 1.5 million. The health insurer says it also addressed community needs resulting from the COVID-19 pandemic through financial support last year. 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. 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. Market data and performance these cookies will be listed as `` 1095 Letters & ;. Opting out of some of these cookies may have an effect on your browsing experience or an enterprise site for... 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And track your deductible and spending ) are available without logging in and increased provider-reimbursement rates to about. To a final product, its insufficiencies and impacts become clearer make decisions on our site, may. Are available without logging in through the website to function properly expenses such as a pandemic or a drop revenue. Please call Customer Care using the number below to learn More or request form... Would like to receive all available documents online or pick and choose which youd like to still receive the. In to your account and select my account decisions on our site, we may compensation. Health and benefits site license for your organization, contact a group Subscription Coordinator stood. One of the form 1095-B part of who we are as a pandemic or a drop revenue... Member as their personal representative pick and choose which youd like to view Stable ) by and... 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