Totals
- Total revenue
- $3,285,084,122
- Total expenses
- $3,169,965,960
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,241,339,831
- Investment income
- $43,744,291
- Other revenue
- $0
- Total assets, end of year
- $1,593,718,794
- Total liabilities, end of year
- $549,902,978
- Net assets or fund balances, end of year
- $1,043,815,816
- Program services expenses (Part IX)
- $3,052,459,641
- Management and general expenses
- $117,506,318
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,052,459,641
Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Subscriber income
total $288,982,541 · related or exempt $288,982,541
-
2b · Program service revenue: Medicare/Medicaid payments
total $2,952,357,290 · related or exempt $2,952,357,290
-
3 · Investment income
total $46,319,537 · excluded $46,319,527
-
7a · Gross sales of assets other than inventory
securities $238,738,674
-
7b · Less cost or other basis and sales expenses
securities $241,313,920
-
7c · Gain or loss
securities -$2,575,246
-
7d · Net gain or loss
total -$2,575,246 · excluded -$2,575,246
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $2,766,625,698 · program services $2,766,625,698
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $63,872,749 · program services $45,601,849 · management and general $18,270,900
-
8 · Pension plan contributions
total $2,796,897 · program services $2,310,025 · management and general $486,872
-
9 · Other employee benefits
total $8,905,600 · program services $7,355,352 · management and general $1,550,249
-
10 · Payroll taxes
total $4,885,086 · program services $3,190,892 · management and general $1,694,194
-
11a · Fees: management
total $2,629,703 · management and general $2,629,703
-
11b · Fees: legal
total $1,861,158 · management and general $1,861,158
-
11c · Fees: accounting
total $249,799 · management and general $249,799
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $2,942,168 · management and general $2,942,168
-
11g · Fees: other
total $131,699,182 · program services $127,668,533 · management and general $4,030,649
-
12 · Advertising and promotion
total $1,620,448 · program services $976,521 · management and general $643,927
-
13 · Office expenses
total $812,898 · program services $506,507 · management and general $306,391
-
14 · Information technology
total $12,862,533 · program services $11,849,591 · management and general $1,012,942
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,969,306 · program services $96,562 · management and general $3,872,744
-
17 · Travel
total $305,475 · program services $123,080 · management and general $182,395
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $4,943,915 · management and general $4,943,915
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,261,586 · program services $428,349 · management and general $833,237
-
23 · Insurance
total $1,031,851 · management and general $1,031,851
-
24a · Other expenses: Gross Premium Tax
total $30,371,899 · program services $30,371,899
-
24b · Other expenses: Drug Processing
total $27,615,737 · program services $27,615,734
-
24c · Other expenses: Medical Care Surcharge
total $18,123,980 · program services $18,123,980
-
24e · All other expenses
total $80,578,292 · program services $9,615,069 · management and general $70,963,224
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $225,971,294 · end of year $301,410,341
-
4 · Accounts receivable
beginning of year $260,563,142 · end of year $211,187,992
-
11 · Investments: publicly traded securities
beginning of year $772,027,516 · end of year $884,340,461
-
15 · Other assets
beginning of year $189,524,280 · end of year $196,780,000
-
17 · Accounts payable and accrued expenses
beginning of year $140,934,856 · end of year $111,752,538
-
25 · Other liabilities
beginning of year $412,717,164 · end of year $438,150,440
-
31 · Retained earnings, endowment or other funds
beginning of year $894,434,212 · end of year $1,043,815,816
Mission and programs · 2023
Mission
None formally approved by governing body, but see Part I Line 1, which is based on Articles of Incorporation.
Activities or mission (Part I)
To provide comprehensive health maintenance services for the people of Minnesota and to advance public health and the art and science of hospital, medical and health care services.
-
Blue Plus has contracted with the Minnesota Department of Human Services DHS to provide health care coverage to Prepaid Medical Assistance Program PMAP, prepaid MinnesotaCare, and Minnesota SeniorCare Plus MSC recipients via a managed care model. In total these programs provide comprehensive medical, dental and pharmacy services to approximately 367,000 individuals who qualify under the respective state program.
Expenses $2,293,606,998 · Revenue $2,533,356,871
-
Blue Plus contracts with the Centers for Medicare Medicaid Services CMS and the Minnesota Department of Human Services DHS to offer a program that combines Medicare Advantage Special Needs Plans and state Medical Assistance coverage. Minnesota Senior Health Options MSHO provides coverage to beneficiaries age 65 and older who are eligible for DHS Medical Assistance and Medicare Parts A and B. This program serves 10,400 members. Our MSHO product, SecureBlue, has broad geographic reach, covering members in 62 counties. A hallmark of MSHO is the care coordination provided to members regardless of whether they reside in the community or in an institution. Special attention is paid to helping members remain in the community with appropriate services and support.
Expenses $365,528,723 · Revenue $418,558,131
-
Blue Plus provides benefit payments for healthcare coverage based on contractual agreements with groups and individual subscribers, including Medicare Advantage. There were approximately 51,000 members at December 31, 2023.
Expenses $393,323,920 · Revenue $333,169,121
As filed on the 2023 return.
Listed in Part VII
-
Monica Engel
President CEO
- Total calculated
- $1,382,402
- From this org
- $0
- From related orgs
- $1,000,374
- Other
- $382,028
- Hours/week
- 17 + 23 related
Schedule J breakdown matched by us
- Base
- $443,176
- Bonus
- $539,100
- Other
- $18,098
- Deferred
- $321,656
- Nontaxable benefits
- $60,372
- Filer's total
- $1,382,402
-
John Uribe
Treasurer
- Total calculated
- $1,292,117
- From this org
- $0
- From related orgs
- $1,223,183
- Other
- $68,934
- Hours/week
- 9 + 31 related
Schedule J breakdown matched by us
- Base
- $644,231
- Bonus
- $545,891
- Other
- $33,061
- Deferred
- $19,696
- Nontaxable benefits
- $49,238
- Filer's total
- $1,292,117
-
Mark Steffen
Vice President
- Total calculated
- $1,146,930
- From this org
- $0
- From related orgs
- $1,084,190
- Other
- $62,740
- Hours/week
- 3 + 37 related
Schedule J breakdown matched by us
- Base
- $538,462
- Bonus
- $523,206
- Other
- $22,523
- Deferred
- $16,598
- Nontaxable benefits
- $46,142
- Filer's total
- $1,146,931
-
Kelly Bengston
Vice President
- Total calculated
- $774,315
- From this org
- $0
- From related orgs
- $702,660
- Other
- $71,655
- Hours/week
- 7 + 33 related
Schedule J breakdown matched by us
- Base
- $380,086
- Bonus
- $314,012
- Other
- $8,563
- Deferred
- $19,530
- Nontaxable benefits
- $52,125
- Filer's total
- $774,316
-
May Vang
Vice President
- Total calculated
- $712,899
- From this org
- $0
- From related orgs
- $641,035
- Other
- $71,864
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $371,804
- Bonus
- $228,600
- Other
- $40,631
- Deferred
- $15,455
- Nontaxable benefits
- $56,409
- Filer's total
- $712,899
-
Eric Hoag
Vice President
- Total calculated
- $653,225
- From this org
- $0
- From related orgs
- $586,793
- Other
- $66,432
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $319,756
- Bonus
- $265,474
- Other
- $1,563
- Deferred
- $18,848
- Nontaxable benefits
- $47,584
- Filer's total
- $653,225
-
Christine Reiten
Vice President
- Total calculated
- $628,470
- From this org
- $0
- From related orgs
- $572,969
- Other
- $55,501
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $306,579
- Bonus
- $260,244
- Other
- $6,145
- Deferred
- $14,891
- Nontaxable benefits
- $40,610
- Filer's total
- $628,469
-
Marc Baer
Vice President
- Total calculated
- $588,161
- From this org
- $0
- From related orgs
- $667,684
- Other
- -$79,523
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $137,095
- Bonus
- $303,070
- Other
- $227,519
- Deferred
- -$87,542
- Nontaxable benefits
- $8,019
- Filer's total
- $588,161
-
Jeff Snegosky
Vice President
- Total calculated
- $546,377
- From this org
- $0
- From related orgs
- $472,836
- Other
- $73,541
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $274,388
- Bonus
- $202,707
- Other
- -$4,258
- Deferred
- $22,192
- Nontaxable benefits
- $51,349
- Filer's total
- $546,378
-
Victoria Losinski
Vice President
- Total calculated
- $515,925
- From this org
- $0
- From related orgs
- $416,464
- Other
- $99,461
- Hours/week
- 14 + 26 related
Schedule J breakdown matched by us
- Base
- $250,667
- Bonus
- $166,269
- Other
- -$472
- Deferred
- $78,080
- Nontaxable benefits
- $21,382
- Filer's total
- $515,926
-
Sara Hreha
Vice President
- Total calculated
- $445,128
- From this org
- $0
- From related orgs
- $415,270
- Other
- $29,858
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $291,461
- Bonus
- $65,675
- Other
- $58,134
- Deferred
- $14,479
- Nontaxable benefits
- $15,379
- Filer's total
- $445,128
-
Allison Colton
Secretary
- Total calculated
- $333,201
- From this org
- $0
- From related orgs
- $305,699
- Other
- $27,502
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $152,050
- Bonus
- $63,952
- Other
- $89,697
- Deferred
- $60
- Nontaxable benefits
- $27,442
- Filer's total
- $333,201
-
Paul Sand
Secretary
- Total calculated
- $258,810
- From this org
- $0
- From related orgs
- $228,066
- Other
- $30,744
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $175,772
- Bonus
- $41,950
- Other
- $10,344
- Deferred
- not reported
- Nontaxable benefits
- $30,744
- Filer's total
- $258,810
-
David Nollette
Vice President
- Total calculated
- $208,780
- From this org
- $0
- From related orgs
- $208,289
- Other
- $491
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- $94,143
- Other
- $114,146
- Deferred
- not reported
- Nontaxable benefits
- $491
- Filer's total
- $208,780
-
Lisa Asper
Director
- Total calculated
- $12,000
- From this org
- $12,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Gretchen Lohrbach
Director
- Total calculated
- $11,000
- From this org
- $11,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Aaron Hurd
Director
- Total calculated
- $11,000
- From this org
- $11,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Michael Jones
Director
- Total calculated
- $11,000
- From this org
- $11,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
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, and on a Form 990-PF Part VIII's — 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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I Line 4a
- Severance provides continuation of base salary if participant is separated from service under an involuntary separation. Listed are the individuals who received a severance payment from BCBSM, Inc. David Nollette 113,654 Marc Baer 214,212 and Andrea Christopherson 318,025.
- Part I Line 4b
- Supplemental Retirement Plan SRP provides benefits for certain employees who participate in the Pension Equity Plan in excess of the limitation of benefit imposed by Section 401a17 and 415 of the Internal Revenue Code. Listed are the individuals who received an SRP Supplemental Retirement Plan payment from BCBSM, Inc. Nancy Nelson 42,768.
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
No itemized grants to organizations on this return.
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.
-
501c3 · Private Foundation · MN
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Aware Integrated Inc
C Corp · Health Care Benefits · MN
-
BCBSM Inc
C Corp · Direct Insurance Carrier · MN
-
Aware Asset Management Inc
C Corp · Other Financial Investment Activities · MN
-
Comprehensive Care Services Inc
C Corp · Other Insurance Related Activities · MN
-
ClearStone Solutions Inc
C Corp · Offices of Admin Support · MN
-
Employer Provided Network Inc
C Corp · Other Insurance Related Activities · MN
-
MII Life Insurance Incorporated
C Corp · Other Insurance Related Activities · MN
-
MII Services Inc
C Corp · Offices of Other Holding Companies · MN
-
MII Inc
C Corp · Offices of Other Holding Companies · MN
-
Pharmacy Gold Inc
C Corp · Offices of Other Holding Companies · MN
-
Stella Diversified Inc
C Corp · Offices of Other Holding Companies · DE
-
Stella Resources Company Inc
C Corp · Other Administrative Services · DE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423139349301147
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