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. Tealeaf code added thru script to this page, Health Insurance Plans for Excellus BCBS Member, Stay informed on vaccines, testing coverage and more. Blue Cross and Blue Shield of Utica-Watertown, Inc. July 1, 1989 ; December 31, 1994 . Go Paperless! Want a printed copy of the annual report? Links marked with an (external site) icon indicate you're leaving ExcellusBCBS.com. Excellus BlueCross BlueShield provides hospital, surgical-medical, major medical/comprehensive, dental and prescription drug coverage within the Rochester, New York Download the 2022 Revitalize Syracuse Publication. You can opt to receive all available documents online or pick and choose which youd like to still receive in the mail. 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. The Rochester-based insurer disclosed the figures in an annual financial report filed with the New York State Department of Financial Services. (Mine is up, btw.) Select Online for all statements and documents that you would like to receive paperless and Mail for any documents you do not. Copyright 2023, Excellus BlueCross BlueShield, a nonprofit independent licensee of the Blue Cross Blue Shield Association. 7:00 PM. Can I access my member documents without logging in to my online account? Call 313-225-6668 or write to: Corporate Communications . Raise your hand if you enjoy watching Super Bowl ads as much as the game. Rochester, New York 14647. Total membership now totals more than 1.5 million. Have a news tip? 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). Statement of revenue and expenses 25 4. 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. Create a personal representative account Log in to your account and select My Account. The pandemic devastated the economy and sickened tens of thousands of upstate residents.. That's according to the report for 2021 recently . The health plan's reported net income of $97.2 million was down $73.6 million from the year before. The $58.9 million profit, or net income, was about half the size of the $117.6 million profit the health insurer made in 2021. Consolidated Financial Statements as of and for the Years Ended December 31, 2021 and 2020, and Independent Auditor's Report . To learn about specifics, refer to Mental Health Parity Member Disclosure. Copyright 2023, Excellus BlueCross BlueShield, a nonprofit independent licensee of the Blue Cross Blue Shield Association. 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. Excellus BlueCross BlueShield has filed its 2009 financial statements with the New York State Insurance Department. Download Statements & Forms Register & Create Account Helping a member as their personal representative? 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. We elect leaders to make decisions on our behalf. 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. In 2019, Congress passed and President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Although Excellus is a nonprofit, it paid $530.5 million in federal and state taxes last year. 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. 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. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. 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. That money is set aside to cover unforeseen higher expenses like a pandemic or a drop in revenue. This is the fastest and most secure way to receive a copy. This coverage is only possible with support from our readers. 5:00 PM 165 Court Street Due to poor financial performance in 2008, compensation for the corporation's top officers was reduced by at least 20 percent in 2009. Company Description: Excellus Health Plan, better known as Excellus BlueCross BlueShield, serves some 1.5 million members in more than 30 counties in upstate New York. Opinion . 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. 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. You are solely responsible for the proper use and storage of the log in credentials for your online account. 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. Community Rules apply to all content you upload or otherwise submit to this site. Log in to your account and select My Account. Find a plan that works in your service area. Executive compensation is set by the nonprofit companys board of directors based on comparable market data and performance.. The following is a summary of the health plan's 2009 performance. 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. We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. The New York State budget process is a complex undertaking with an enormous impact on New Yorks residents and businesses. You will receive your request within 30 days. Financial Statements 23 A. 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. The health insurer says it also addressed community needs resulting from the COVID-19 pandemic through financial support last year. 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. The health plan last year spent $5.9 billion in medical benefits for its 1.5 million members. Numerous vendors supply free email addresses if you require one to setup an online account for yourself or one of your dependents. The health plans spending for medical benefits increased We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The numbers reflect the financial impact not only on the region's largest insurer but health care providers, as well. Please call Customer Care using the number below to learn more or request your Form 1095-B. Please allow a few moments for the document to load in a new window. Excellus also noted that it paid$530.5 million in federal and state taxes in 2020. Find a Plan What devices can be used to access my online account? Booth's compensation increased 4.3% to nearly $3.26 million. No one can access your online account without your username and password. Request a copy of the Form 1095-B by mailing the address below. We use cookies and other technologies to optimize site functionality, analyze website traffic, and share information with social media, advertising, and analytics partners. Download Statements & Forms. 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. 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. Your member card, coverage and claims. Thats a fundamental feature of public life in the United States, a part of who we are as a people. Multiple advertising and sponsorship opportunities available for print, events, emails and website. ROCHESTER, N.Y. The top three officers of Excellus BlueCross BlueShield, Central New Yorks largest health insurer, all had seven-figure salaries in 2020. 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