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← HEALTH INSURANCE PLAN OF GREATER NEW YORK

Form 990 for tax year 2023

Filed by HEALTH INSURANCE PLAN OF GREATER NEW YORK.

Totals

Total revenue
$5,316,717,976
Total expenses
$5,409,091,505
Contributions and grants received
$181,336
Grants paid
$185,570
Program services expenses (Part IX)
$4,914,102,205
Management and general expenses
$494,989,300
Fundraising expenses
$0
Program service expenses (Part III)
$4,914,102,205

Program services were 90.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KAREN IGNAGNI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $5,595,912
    From this org
    $5,511,820
    From related orgs
    $0
    Other
    $84,092
    Hours/week
    35 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,212,676
    Bonus
    $4,299,144
    Other
    $0
    Deferred
    $49,800
    Nontaxable benefits
    $34,292
    Filer's total
    $5,595,912

  • JOHN FEERICK

    CHAIRMAN

    Total calculated
    $163,750
    From this org
    $163,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 1 related

    Schedule J breakdown matched by us

    Base
    $163,750
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $163,750

  • BERNARD SCHAYES MD

    DIRECTOR

    Total calculated
    $158,714
    From this org
    $137,381
    From related orgs
    $0
    Other
    $21,333
    Hours/week
    2 + 1 related

    Schedule J breakdown matched by us

    Base
    $137,381
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,333
    Filer's total
    $158,714

  • GREGORY FLOYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JOHN H BANKS III

    DIRECTOR

    Total calculated
    $121,178
    From this org
    $121,000
    From related orgs
    $0
    Other
    $178
    Hours/week
    2 + 1 related

  • RICHARD BERMAN

    DIRECTOR

    Total calculated
    $148,686
    From this org
    $143,750
    From related orgs
    $0
    Other
    $4,936
    Hours/week
    2 + 1 related

  • WAYNE CAFRAN

    DIRECTOR

    Total calculated
    $135,000
    From this org
    $135,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 1 related

  • GEORGE BABITSCH

    SVP, ACCOUNT MANAGEMENT

    Total calculated
    $1,617,286
    From this org
    $1,234,020
    From related orgs
    $0
    Other
    $383,266
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $417,638
    Bonus
    $816,382
    Other
    $0
    Deferred
    $372,034
    Nontaxable benefits
    $11,232
    Filer's total
    $1,617,286

  • JEFFREY CHANSLER

    CHIEF LEGAL OFFICER

    Total calculated
    $1,678,597
    From this org
    $1,614,124
    From related orgs
    $0
    Other
    $64,473
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $567,398
    Bonus
    $1,046,726
    Other
    $0
    Deferred
    $49,800
    Nontaxable benefits
    $14,673
    Filer's total
    $1,678,597

  • ALEXANDER CLAGUE THRU 062023

    SVP, GOVERNMENT PROGRAMS

    Total calculated
    $1,681,709
    From this org
    $1,626,420
    From related orgs
    $0
    Other
    $55,289
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $172,741
    Bonus
    $1,031,114
    Other
    $422,565
    Deferred
    $49,800
    Nontaxable benefits
    $5,489
    Filer's total
    $1,681,709

  • RICHARD H DAL COL

    CHIEF MEDICAL OFFICER

    Total calculated
    $1,528,710
    From this org
    $1,471,747
    From related orgs
    $0
    Other
    $56,963
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $506,553
    Bonus
    $965,194
    Other
    $0
    Deferred
    $49,800
    Nontaxable benefits
    $7,163
    Filer's total
    $1,528,710

  • BETH LEONARD THRU 062023

    CHIEF CORPORATE AFFAIRS OFFICER

    Total calculated
    $1,625,389
    From this org
    $1,576,401
    From related orgs
    $0
    Other
    $48,988
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $244,220
    Bonus
    $1,270,064
    Other
    $62,117
    Deferred
    $42,300
    Nontaxable benefits
    $6,688
    Filer's total
    $1,625,389

  • DEBRA LIGHTNER

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $1,246,287
    From this org
    $1,192,976
    From related orgs
    $0
    Other
    $53,311
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $392,421
    Bonus
    $800,555
    Other
    $0
    Deferred
    $43,800
    Nontaxable benefits
    $9,511
    Filer's total
    $1,246,287

  • THOMAS MACMILLAN

    CHIEF OPERATING OFFICER

    Total calculated
    $1,343,591
    From this org
    $1,300,152
    From related orgs
    $0
    Other
    $43,439
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $542,298
    Bonus
    $757,854
    Other
    $0
    Deferred
    $42,300
    Nontaxable benefits
    $1,139
    Filer's total
    $1,343,591

  • JENNIFER MARTINO THRU 092023

    SVP, CLAIMS, G&A AND OPS COMPLIANCE

    Total calculated
    $645,866
    From this org
    $642,489
    From related orgs
    $0
    Other
    $3,377
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $265,721
    Bonus
    $360,355
    Other
    $16,413
    Deferred
    $0
    Nontaxable benefits
    $3,377
    Filer's total
    $645,866

  • MICHAEL PALMATEER

    PRESIDENT

    Total calculated
    $3,612,372
    From this org
    $3,514,982
    From related orgs
    $0
    Other
    $97,390
    Hours/week
    35 + 1 related

    Schedule J breakdown matched by us

    Base
    $907,761
    Bonus
    $2,607,221
    Other
    $0
    Deferred
    $79,243
    Nontaxable benefits
    $18,147
    Filer's total
    $3,612,372

  • NAVARRA RODRIGUEZ

    SVP, PRESIDENT/CMO ACPNY

    Total calculated
    $1,408,181
    From this org
    $1,347,864
    From related orgs
    $0
    Other
    $60,317
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $533,864
    Bonus
    $814,000
    Other
    $0
    Deferred
    $49,800
    Nontaxable benefits
    $10,517
    Filer's total
    $1,408,181

  • HEATHER TAMBORINO

    CHIEF FINANCIAL OFFICER

    Total calculated
    $3,023,100
    From this org
    $2,960,120
    From related orgs
    $0
    Other
    $62,980
    Hours/week
    35 + 1 related

    Schedule J breakdown matched by us

    Base
    $790,960
    Bonus
    $2,169,110
    Other
    $50
    Deferred
    $49,800
    Nontaxable benefits
    $13,180
    Filer's total
    $3,023,100

  • WILLIAM VOIGT

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $938,005
    From this org
    $882,813
    From related orgs
    $0
    Other
    $55,192
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $486,623
    Bonus
    $396,190
    Other
    $0
    Deferred
    $49,800
    Nontaxable benefits
    $5,392
    Filer's total
    $938,005

  • MICHAEL COSTA

    SVP, PROVIDER NETWK & POP. HEALTH

    Total calculated
    $804,138
    From this org
    $770,228
    From related orgs
    $0
    Other
    $33,910
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $520,228
    Bonus
    $250,000
    Other
    $0
    Deferred
    $27,563
    Nontaxable benefits
    $6,347
    Filer's total
    $804,138

  • MATTHEW MIZE

    CHIEF ACTUARY (THRU 06/2023)

    Total calculated
    $696,019
    From this org
    $648,851
    From related orgs
    $0
    Other
    $47,168
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $168,070
    Bonus
    $458,914
    Other
    $21,867
    Deferred
    $42,300
    Nontaxable benefits
    $4,868
    Filer's total
    $696,019

  • ABDOU BAH AS OF 032023

    SVP, MEDICAL MGMT & CHIEF HEALTH EQ.

    Total calculated
    $750,590
    From this org
    $750,185
    From related orgs
    $0
    Other
    $405
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $441,030
    Bonus
    $309,155
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $405
    Filer's total
    $750,590

  • PRIYANK PANDEY

    SVP, CHIEF CUSTOMER OFFICER

    Total calculated
    $674,408
    From this org
    $632,483
    From related orgs
    $0
    Other
    $41,925
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $362,875
    Bonus
    $269,508
    Other
    $100
    Deferred
    $41,550
    Nontaxable benefits
    $375
    Filer's total
    $674,408

  • CHARLOTTE THOMAS AS OF 12023

    SVP, COMMERCIAL PRODUCT STRATEGY

    Total calculated
    $651,643
    From this org
    $601,582
    From related orgs
    $0
    Other
    $50,061
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $372,030
    Bonus
    $229,552
    Other
    $0
    Deferred
    $42,300
    Nontaxable benefits
    $7,761
    Filer's total
    $651,643

  • DANIEL BYRNE

    VP, LABOR RELATIONS (THRU 05/2023)

    Total calculated
    $743,357
    From this org
    $712,256
    From related orgs
    $0
    Other
    $31,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $81,461
    Bonus
    $312,923
    Other
    $317,872
    Deferred
    $29,549
    Nontaxable benefits
    $1,552
    Filer's total
    $743,357

  • CARLOS MANALANSAN

    VP, DEPUTY GENERAL COUNSEL

    Total calculated
    $614,413
    From this org
    $563,881
    From related orgs
    $0
    Other
    $50,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,732
    Bonus
    $247,999
    Other
    $150
    Deferred
    $49,800
    Nontaxable benefits
    $732
    Filer's total
    $614,413

  • MICAH J HORTON

    VP, ENTERPRISE FINANCE

    Total calculated
    $655,078
    From this org
    $614,166
    From related orgs
    $0
    Other
    $40,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,554
    Bonus
    $273,562
    Other
    $50
    Deferred
    $34,583
    Nontaxable benefits
    $6,329
    Filer's total
    $655,078

  • HECTOR TORRENS THRU 012023

    VP, TECHNOLOGY (WELLSPARK)

    Total calculated
    $649,951
    From this org
    $644,530
    From related orgs
    $0
    Other
    $5,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $13,395
    Bonus
    $330,967
    Other
    $300,168
    Deferred
    $4,678
    Nontaxable benefits
    $743
    Filer's total
    $649,951

  • ERIC WALSH

    VP, MEDICARE

    Total calculated
    $614,782
    From this org
    $564,264
    From related orgs
    $0
    Other
    $50,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,718
    Bonus
    $253,496
    Other
    $50
    Deferred
    $49,800
    Nontaxable benefits
    $718
    Filer's total
    $614,782

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
LINE 4(A) - SEVERANCE THE FOLLOWING INDIVIDUALS REPORTED ON THE FORM 990, SCHEDULE J, RECEIVED SEVERANCE PAYMENTS IN CALENDAR YEAR 2023: -VP, LABOR RELATIONS, DANIEL BYRNE $306,250 -SVP, GOVERNMENT PROGRAMS, ALEXANDER CLAGUE $400,000 -VP, TECHNOLOGY (WELLSPARK), HECTOR TORRENS $285,000 THE SEVERANCE PAYMENTS DOCUMENTED ABOVE ARE REPORTED IN THE FORM 990, SCHEDULE J, PART II, COLUMN (B)(III). LINE 4(B) - SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN EMBLEMHEALTH SERVICES COMPANY, LLC ("EMBLEMHEALTH SERVICES") SPONSORS A NONQUALIFIED RETIREMENT PLAN THAT OFFICERS OF HIPGNY WITH THE TITLES OF SENIOR VICE PRESIDENT AND ABOVE HIRED BEFORE JUNE 1, 2009, PARTICIPATE IN. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR EMBLEMHEALTH SERVICES PROVIDES A RETIREMENT BENEFIT CALCULATED ON THE BASIS OF 50% OF FINAL AVERAGE PAY, OFFSET BY BENEFITS UNDER ANY QUALIFIED BENEFIT PLAN, SUCH AS THE EMBLEMHEALTH SERVICES COMPANY, LLC EMPLOYEES' RETIREMENT PLAN. PARTICIPANTS WHO RETIRE PRIOR TO AGE 65 HAVE THEIR BENEFITS REDUCED BY EARLY RETIREMENT FACTORS.
PART I, LINE 6
HIPGNY HAS A SALES PERFORMANCE AWARD PROGRAM IN PLACE THAT IS DESIGNED TO INCENTIVIZE ITS SALES EMPLOYEES TO DELIVER HIGH QUALITY SERVICE TO HIPGNY'S CUSTOMERS/SUBSCRIBERS. EMPLOYEES ELIGIBLE TO PARTICIPATE IN THE PROGRAM HAVE TWO OPPORTUNITIES TO EARN SALES INCENTIVES: 1. A QUARTERLY BONUS OPPORTUNITY BASED UPON MEETING CERTAIN MEMBERSHIP AND GOAL METRICS AND, 2. A BONUS BASED ON ACHIEVING NEW MEDICARE SUPPLEMENTAL SALES THESE COMMISSION PAYMENTS ARE REPORTED IN THE FORM 990, SCHEDULE J, PART II, COLUMN (B)(II). OF THE INDIVIDUALS REPORTED ON THE FORM 990, ONLY THE ORGANIZATION'S TOP FIVE HIGHLY COMPENSATED EMPLOYEES PARTICIPATE IN THIS PROGRAM.
PART I, LINE 7
BONUS PAYMENTS HIPGNY (VIA EMBLEMHEALTH SERVICES, THE PAYROLL PAYOR) PROVIDES ANNUAL INCENTIVE AWARDS BASED UPON THE ACHIEVEMENT OF PERFORMANCE METRICS. THE COMPENSATION COMMITTEES APPROVE THE PERFORMANCE METRICS AND TARGETS AND THE ULTIMATE PAYOUT TO PARTICIPANTS BASED UPON THE PERFORMANCE ACHIEVED UNDER THE ANNUAL INCENTIVE PLAN (AIP).
FORM 990, SCHEDULE J, PART II, COLUMN (C) AND (F):
THE MANAGEMENT PENSION PLAN WAS FROZEN EFFECTIVE JANUARY 1, 2016 AND REPLACED WITH A MATCHING 401(K) PROGRAM. THE AMOUNTS IN COLUMN C PRIMARILY REPRESENT THE COMPANY MATCH TO THE 401(K) PROGRAM. FOR THREE INDIVIDUALS, (MICHAEL PALMATEER, GEORGE BABITSCH, AND JEFFREY CHANSLER), COLUMN C ALSO REPORTS THE CHANGE IN ACTUARIAL VALUE OF THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN II FOR EMBLEMHEALTH SERVICES COMPANY, LLC ("SERP II"). THE SERP II AMOUNTS INCLUDED IN COLUMN C ARE DEFERRED COMPENSATION THAT MAY OR MAY NOT BE PAID AS IT IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. THIS DOES NOT REPRESENT ACTUAL PAYMENT RECEIVED IN 2023. TO THE EXTENT ANY INDIVIDUAL REPORTED ON SCHEDULE J HAS COMPENSATION REPORTED IN COLUMN (F), THOSE AMOUNTS REFLECT PAYOUTS OF PREVIOUSLY REPORTED DEFERRED COMPENSATION ON A PRIOR YEAR FORM 990. THERE HAVE BEEN NO PAYOUTS FROM SERP II SINCE INCEPTION FOR THE INDIVIDUALS NOTED ABOVE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413179349305831

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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