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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: $29,010,136
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,272,422

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 CEO of Health Insurance Plan Of Greater New York The CEO's salary of Health Insurance Plan Of Greater New York is $5,511,820 and their total compensation is $5,595,912.


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 2023 was $5,316,717,976.


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 2023 was $66,877. There are 2292 employees at Health Insurance Plan Of Greater New York.

Here are 29 key members and their salaries (Health Insurance Plan Of Greater New York's CEO's salary is $5,511,820 and their total compensation is $5,595,912):


Karen Ignagni (Chief Executive Officer)
  • Compensation: $5,511,820
  • Related: $0
  • Other: $84,092
John Feerick (Chairman)
  • Compensation: $163,750
  • Related: $0
  • Other: $0
Bernard Schayes Md (Director)
  • Compensation: $137,381
  • Related: $0
  • Other: $21,333
Gregory Floyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John H Banks Iii (Director)
  • Compensation: $121,000
  • Related: $0
  • Other: $178
Richard Berman (Director)
  • Compensation: $143,750
  • Related: $0
  • Other: $4,936
Wayne Cafran (Director)
  • Compensation: $135,000
  • Related: $0
  • Other: $0
George Babitsch (Svp, Account Management)
  • Compensation: $1,234,020
  • Related: $0
  • Other: $383,266
Jeffrey Chansler (Chief Legal Officer)
  • Compensation: $1,614,124
  • Related: $0
  • Other: $64,473
Alexander Clague Thru 062023 (Svp, Government Programs)
  • Compensation: $1,626,420
  • Related: $0
  • Other: $55,289
Richard H Dal Col (Chief Medical Officer)
  • Compensation: $1,471,747
  • Related: $0
  • Other: $56,963
Beth Leonard Thru 062023 (Chief Corporate Affairs Officer)
  • Compensation: $1,576,401
  • Related: $0
  • Other: $48,988
Debra Lightner (Chief Compliance Officer)
  • Compensation: $1,192,976
  • Related: $0
  • Other: $53,311
Thomas Macmillan (Chief Operating Officer)
  • Compensation: $1,300,152
  • Related: $0
  • Other: $43,439
Jennifer Martino Thru 092023 (Svp, Claims, G&A And Ops Compliance)
  • Compensation: $642,489
  • Related: $0
  • Other: $3,377
Michael Palmateer (President)
  • Compensation: $3,514,982
  • Related: $0
  • Other: $97,390
Navarra Rodriguez (Svp, President/Cmo Acpny)
  • Compensation: $1,347,864
  • Related: $0
  • Other: $60,317
Heather Tamborino (Chief Financial Officer)
  • Compensation: $2,960,120
  • Related: $0
  • Other: $62,980
William Voigt (Chief Human Resources Officer)
  • Compensation: $882,813
  • Related: $0
  • Other: $55,192
Michael Costa (Svp, Provider Netwk & Pop. Health)
  • Compensation: $770,228
  • Related: $0
  • Other: $33,910
Matthew Mize (Chief Actuary (Thru 06/2023))
  • Compensation: $648,851
  • Related: $0
  • Other: $47,168
Abdou Bah As Of 032023 (Svp, Medical Mgmt & Chief Health Eq.)
  • Compensation: $750,185
  • Related: $0
  • Other: $405
Priyank Pandey (Svp, Chief Customer Officer)
  • Compensation: $632,483
  • Related: $0
  • Other: $41,925
Charlotte Thomas As Of 12023 (Svp, Commercial Product Strategy)
  • Compensation: $601,582
  • Related: $0
  • Other: $50,061
Daniel Byrne (Vp, Labor Relations (Thru 05/2023))
  • Compensation: $712,256
  • Related: $0
  • Other: $31,101
Carlos Manalansan (Vp, Deputy General Counsel)
  • Compensation: $563,881
  • Related: $0
  • Other: $50,532
Micah J Horton (Vp, Enterprise Finance)
  • Compensation: $614,166
  • Related: $0
  • Other: $40,912
Hector Torrens Thru 012023 (Vp, Technology (Wellspark))
  • Compensation: $644,530
  • Related: $0
  • Other: $5,421
Eric Walsh (Vp, Medicare)
  • Compensation: $564,264
  • Related: $0
  • Other: $50,518


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 2023 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
$5,316,717,976 (2023)
Expenses
$5,409,091,505 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $6,437,117
  • Program Service Revenue: $5,309,979,819
  • Gross Receipts: $5,321,268,125

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

$3,366,911,833

SUBSCRIBER PREMIUM REVENUE

Revenue

$1,937,980,515

THIRD PARTY ADMINISTRATIVE FEES

Revenue

$5,087,471

Organization Details

Founding Year

1944

Principal Officer

Karen Ignagni

NTEE Category

Code: E320 - Health

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