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Health Insurance Plan Of Greater New York

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 131828429 ✦ New york, NY ✦ Designated as a 501(c)(4)

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Overview

What is Health Insurance Plan Of Greater New York?

The Health Insurance Plan of Greater New York (HIPGNY) is a not-for-profit corporation headquartered in New York City, with a US address at 55 Water Street, Tax Dept 9th FL. HIPGNY's primary focus is arranging comprehensive medical and healthcare services for its approximately 273,000 subscribers and members, including Medicare and Medicaid members. Its mission encompasses fostering healthier futures for its customers and communities. By offering access to high-quality, affordable care, helping navigate the healthcare experience, and making good health achievable, HIPGNY employs a workforce of 2,422 individuals to serve and support its members.


Official website here: www.emblemhealth.com

What are the reviews and ratings of this charity?

The Health Insurance Plan Of Greater New York is not currently rated by Charity Navigator. The absence of a rating indicates that the organization has not yet been evaluated rather than providing an implicit positive or negative assessment. Historically, evaluations have primarily focused on accountability and financial aspects, but there is no current financial data available for this organization.

Since the organization is not registered as a 501(c)(3) nonprofit with the IRS, it is ineligible for the complete evaluation by Charity Navigator, which often requires metrics like impact, accountability, and leadership to be scrutinized. This status excludes them from receiving tax-deductible contributions, which could be a factor for potential supporters to consider.

There are no user reviews on GreatNonprofits for this organization, which means there is a lack of community feedback to provide additional insight into its activities and performance from a public standpoint.


This AI summary has been generated from information found on Charity Navigator.

Is Health Insurance Plan Of Greater New York legitimate?

Health Insurance Plan Of Greater New York is a legitimate nonprofit organization registered as a 501(c)(4) entity. Health Insurance Plan Of Greater New York 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $27,139,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,756,068

For more financial information, click here


Official website here: www.emblemhealth.com

What is the mission statement of Health Insurance Plan Of Greater New York?

Health Insurance Plan of Greater New York (HIPGNY) is dedicated to creating healthier futures for its customers and communities. By working alongside its members, HIPGNY strives to offer access to high-quality, affordable healthcare services. The organization goes beyond just providing healthcare coverage, it also helps customers navigate the healthcare experience to make good health achievable. In 2022, HIPGNY served approximately 273,000 members across all service lines. As a not-for-profit corporation, HIPGNY arranges for the provision of comprehensive medical and healthcare services for its subscribers, including those on Medicare and Medicaid.


Official website here: www.emblemhealth.com

Who is the CEO of Health Insurance Plan Of Greater New York?

Karen Ignagni is the Chief Executive Officer of Health Insurance Plan Of Greater New York. The CEO's salary of Health Insurance Plan Of Greater New York is $5,045,764 and their total compensation is $5,114,256.


Official website here: www.emblemhealth.com

What is the revenue of Health Insurance Plan Of Greater New York?

Health Insurance Plan Of Greater New York's revenue in 2022 was $5,756,466,800.


Official website here: www.emblemhealth.com

Who are the executives of Health Insurance Plan Of Greater New York and what are their salaries?

The average compensation at Health Insurance Plan Of Greater New York during 2022 was $62,715. There are 2422 employees at Health Insurance Plan Of Greater New York.


Here are 33 key members and their salaries (Health Insurance Plan Of Greater New York's CEO's salary is $5,045,764 and their total compensation is $5,114,256):


Karen Ignagni (Chief Executive Officer)
  • Compensation: $5,045,764
  • Related: $0
  • Other: $68,492
John Feerick (Chairman)
  • Compensation: $161,125
  • Related: $0
  • Other: $0
Bernard Schayes Md (Director)
  • Compensation: $142,391
  • Related: $0
  • Other: $18,989
Gregory Floyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John H Banks Iii (Director)
  • Compensation: $118,375
  • Related: $0
  • Other: $178
Richard Berman (Director)
  • Compensation: $128,000
  • Related: $0
  • Other: $4,877
Wayne Cafran (Director (As Of 01/2022))
  • Compensation: $131,500
  • Related: $0
  • Other: $0
George Babitsch (Svp, Account Mangement)
  • Compensation: $1,062,392
  • Related: $0
  • Other: $57,309
Jeffrey Chansler (Chief Legal Officer)
  • Compensation: $1,402,164
  • Related: $0
  • Other: $57,812
Alexander Clague (Svp, Government Programs)
  • Compensation: $569,735
  • Related: $0
  • Other: $56,064
Richard H Dal Col (Chief Medical Officer)
  • Compensation: $1,290,608
  • Related: $0
  • Other: $52,273
Beth Leonard (Svp, Chief Corp. Affairs Officer)
  • Compensation: $1,596,166
  • Related: $0
  • Other: $51,030
Donna Hughes (Chief People Officer (Thru 04/2022))
  • Compensation: $2,293,106
  • Related: $0
  • Other: $46,460
Debra Lightner (Chief Compliance Officer)
  • Compensation: $1,018,576
  • Related: $0
  • Other: $43,408
Thomas Macmillan (Chief Information Officer)
  • Compensation: $1,068,456
  • Related: $0
  • Other: $42,052
Jennifer Martino (Svp, Claims, G&A And Ops Compliance)
  • Compensation: $576,529
  • Related: $0
  • Other: $4,252
Karen Moran Thru 112022 (Svp, Comm. Bus. & Pres., Connect.)
  • Compensation: $1,037,254
  • Related: $0
  • Other: $49,882
Michael Palmateer (President)
  • Compensation: $2,875,045
  • Related: $0
  • Other: $458,092
Navarra Rodriguez (Svp, President/Cmo Acpny)
  • Compensation: $1,323,917
  • Related: $0
  • Other: $53,867
Heather Tamborino (Chief Financial Officer)
  • Compensation: $2,046,857
  • Related: $0
  • Other: $57,902
Jennifer Truscott (Chief Of Operations (Thru 06/2022))
  • Compensation: $833,112
  • Related: $0
  • Other: $47,021
William Voigt (Chief Human Resources Officer)
  • Compensation: $665,873
  • Related: $0
  • Other: $49,142
Eric J Wallace Thru 072022 (Svp, Provider Netwk & Pop. Health)
  • Compensation: $1,424,920
  • Related: $0
  • Other: $39,117
Michael Costa As Of 122022 (Svp, Provider Netwk & Pop. Health)
  • Compensation: $43,349
  • Related: $0
  • Other: $479
Matthew Mize (Chief Actuary (As Of 04/2022))
  • Compensation: $284,419
  • Related: $0
  • Other: $6,597
Margaret Finn Thru 012022 (Vp, Pharmacy Solutions)
  • Compensation: $675,643
  • Related: $0
  • Other: $4,162
Roberto Hormazabal (Vp, Sales & Account Management)
  • Compensation: $734,270
  • Related: $0
  • Other: $55,338
Carlos Manalansan (Vp, Deputy General Counsel)
  • Compensation: $520,253
  • Related: $0
  • Other: $46,632
Priyank Pandey (Vp, Ops Strategy & Service Delivery)
  • Compensation: $548,356
  • Related: $0
  • Other: $39,045
Jill Stein (Vp, Deputy General Counsel)
  • Compensation: $515,323
  • Related: $0
  • Other: $51,562
Paul E Gibson (Former Director)
  • Compensation: $149,625
  • Related: $0
  • Other: $0
Charles P Wang (Former Director)
  • Compensation: $60,000
  • Related: $0
  • Other: $5,447
Dr Stuart Altman (Former Director)
  • Compensation: $120,000
  • Related: $0
  • Other: $0


Official website here: www.emblemhealth.com

Where can I find the form 990 for Health Insurance Plan Of Greater New York?

Health Insurance Plan Of Greater New York's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.emblemhealth.com

Learn more at the official website: www.emblemhealth.com

Mission Statement of Health Insurance Plan Of Greater New York

Health Insurance Plan of Greater New York, or HIPGNY, is a mission-driven organization dedicated to creating healthier futures for its customers and communities. With a not-for-profit ethos, HIPGNY works in partnership with its clients to ensure they have access to top-quality, budget-friendly healthcare services. This includes comprehensive medical and health care offerings for members, even those with Medicare and Medicaid.

In 2022, HIPGNY served around 273,000 members across various service lines, underscoring its commitment to making good health a realizable goal for a substantial number of people. HIPGNY's work extends beyond just providing healthcare services; it also helps customers navigate their healthcare journey and make the most of their benefits. As a nonprofit corporation, HIPGNY's exempt function lies in arranging for the provision of these essential services to its subscribers.

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Impact




October, 2024

Health Insurance Plan Of Greater New York (HIPGNY) significantly impacts the health landscape by providing comprehensive medical and healthcare services to approximately 273,000 members, including those enrolled in Medicare and Medicaid. By focusing on accessibility and affordability, HIPGNY helps its subscribers navigate the complexities of the healthcare system, thereby enhancing their overall health experience.

HIPGNY's mission to create healthier futures translates into initiatives that prioritize high-quality care. This focus ensures that members receive the medical attention they need, ultimately leading to better health outcomes within the communities it serves. By offering tailored support and resources, HIPGNY empowers its members to achieve and maintain good health, contributing positively to public health initiatives and strengthening community well-being in New York.




This information is meant to be a general summary of Health Insurance Plan Of Greater New York. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,756,466,800 (2022)
Expenses
$5,755,127,247 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $46,663,211
  • Program Service Revenue: $5,690,531,383
  • Gross Receipts: $5,776,230,088

Assets and Liabilities:

  • Total Assets: $2,512,009,673
  • Total Liabilities: $1,978,194,897
  • Net Assets: $533,814,776

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GOVERNMENT-SUBSIDIZED PREMIUMS

Revenue

$5,397,713,256

SUBSCRIBER PREMIUM REVENUE

Revenue

$290,627,129

THIRD PARTY ADMINISTRATIVE FEES

Revenue

$2,190,998

Organization Details

Founding Year

1944

Principal Officer

Karen Ignagni

Main Address

55 WATER STREET TAX DEPT 9TH FL, NEW YORK, NY, 10041

NTEE Category

Code: E320 - Health

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