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← BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC

Form 990 for tax year 2024

Filed by BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC.

Totals

Total revenue
$5,928,518,480
Total expenses
$6,149,161,429
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$5,377,706,536
Management and general expenses
$771,454,893
Fundraising expenses
$0
Program service expenses (Part III)
$5,377,706,536

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DONALD SAVERY

    DIRECTOR, GENERAL COUNSEL AND SECRETARY

    Total calculated
    $1,005,841
    From this org
    $0
    From related orgs
    $972,049
    Other
    $33,792
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $480,769 related
    Bonus
    $0 + $467,700 related
    Other
    $0 + $23,580 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $33,792 related
    Filer's total
    $0 + $1,005,841 related

  • DOROTHY PUHY

    DIRECTOR & CHAIR

    Total calculated
    $150,112
    From this org
    $0
    From related orgs
    $150,112
    Other
    $0
    Hours/week
    0 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,000 related
    Bonus
    $0
    Other
    $0 + $10,112 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $150,112 related

  • RICHARD LYNCH

    DIRECTOR, SVP & COO

    Total calculated
    $2,817,579
    From this org
    $0
    From related orgs
    $2,614,483
    Other
    $203,096
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $720,192 related
    Bonus
    $0 + $1,719,305 related
    Other
    $0 + $174,986 related
    Deferred
    $0 + $162,833 related
    Nontaxable benefits
    $0 + $40,263 related
    Filer's total
    $0 + $2,817,579 related

  • RUBY KAM

    DIRECTOR, EVP & CHIEF FINANCIAL OFFICER

    Total calculated
    $3,072,897
    From this org
    $0
    From related orgs
    $2,925,925
    Other
    $146,972
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $725,000 related
    Bonus
    $0 + $2,175,000 related
    Other
    $0 + $25,925 related
    Deferred
    $0 + $113,852 related
    Nontaxable benefits
    $0 + $33,120 related
    Filer's total
    $0 + $3,072,897 related

  • SARAH ISELIN

    DIRECTOR, PRESIDENT & CEO

    Total calculated
    $7,197,118
    From this org
    $0
    From related orgs
    $6,801,311
    Other
    $395,807
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,341,346 related
    Bonus
    $0 + $5,437,000 related
    Other
    $0 + $22,965 related
    Deferred
    $0 + $362,687 related
    Nontaxable benefits
    $0 + $33,120 related
    Filer's total
    $0 + $7,197,118 related

  • ALONA ABALOS

    VICE PRESIDENT & ASST. CLERK

    Total calculated
    $446,479
    From this org
    $0
    From related orgs
    $421,505
    Other
    $24,974
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,870 related
    Bonus
    $0 + $141,195 related
    Other
    $0 + $15,440 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,974 related
    Filer's total
    $0 + $446,479 related

  • ANTHONY CRISCUOLO

    VP OF TREASURY AND INVESTMENTS

    Total calculated
    $1,032,300
    From this org
    $0
    From related orgs
    $986,412
    Other
    $45,888
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,359 related
    Bonus
    $0 + $559,070 related
    Other
    $0 + $15,983 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $45,888 related
    Filer's total
    $0 + $1,032,300 related

  • DAWN PERRY

    SVP CHIEF RISK & AUDIT OFFICER

    Total calculated
    $865,372
    From this org
    $0
    From related orgs
    $835,856
    Other
    $29,516
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $370,000 related
    Bonus
    $0 + $449,365 related
    Other
    $0 + $16,491 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,516 related
    Filer's total
    $0 + $865,372 related

  • ENRICO GIAMMARCO

    ASSISTANT TREASURER

    Total calculated
    $260,035
    From this org
    $96,576
    From related orgs
    $144,864
    Other
    $18,595
    Hours/week
    15 + 22.5 related

    Schedule J breakdown matched by us

    Base
    $80,713 + $121,069 related
    Bonus
    $15,195 + $22,793 related
    Other
    $668 + $1,002 related
    Deferred
    $0
    Nontaxable benefits
    $7,438 + $11,157 related
    Filer's total
    $104,014 + $156,021 related

  • MARK COLLURA

    ASSISTANT TREASURER

    Total calculated
    $259,413
    From this org
    $96,402
    From related orgs
    $144,603
    Other
    $18,408
    Hours/week
    15 + 22.5 related

    Schedule J breakdown matched by us

    Base
    $80,694 + $121,041 related
    Bonus
    $15,108 + $22,662 related
    Other
    $600 + $900 related
    Deferred
    $0
    Nontaxable benefits
    $7,363 + $11,045 related
    Filer's total
    $103,765 + $155,648 related

  • MICHAEL GURRIERE

    SVP & CHIEF ACTUARY

    Total calculated
    $1,076,336
    From this org
    $0
    From related orgs
    $1,044,943
    Other
    $31,393
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,157 related
    Bonus
    $0 + $602,363 related
    Other
    $0 + $17,423 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,393 related
    Filer's total
    $0 + $1,076,336 related

  • BENJAMIN KRUSKAL

    ASSOCIATE MEDICAL DIRECTOR

    Total calculated
    $315,352
    From this org
    $89,835
    From related orgs
    $201,325
    Other
    $24,192
    Hours/week
    11.6 + 25.9 related

    Schedule J breakdown matched by us

    Base
    $76,024 + $170,373 related
    Bonus
    $13,430 + $30,098 related
    Other
    $381 + $854 related
    Deferred
    $0
    Nontaxable benefits
    $7,464 + $16,728 related
    Filer's total
    $97,299 + $218,053 related

  • JOSEPH SCHWARTZ

    PHYSICIAN REVIEWER

    Total calculated
    $352,085
    From this org
    $88,821
    From related orgs
    $232,543
    Other
    $30,721
    Hours/week
    10.4 + 27.1 related

    Schedule J breakdown matched by us

    Base
    $74,625 + $195,376 related
    Bonus
    $14,034 + $36,743 related
    Other
    $162 + $424 related
    Deferred
    $0
    Nontaxable benefits
    $8,491 + $22,230 related
    Filer's total
    $97,312 + $254,773 related

  • MARK IRZYK

    ASSOCIATE DIRECTOR, NATL SALES

    Total calculated
    $317,851
    From this org
    $271,558
    From related orgs
    $30,655
    Other
    $15,638
    Hours/week
    33.7 + 3.8 related

    Schedule J breakdown matched by us

    Base
    $117,820 + $13,300 related
    Bonus
    $129,368 + $14,604 related
    Other
    $24,370 + $2,751 related
    Deferred
    $0
    Nontaxable benefits
    $14,052 + $1,586 related
    Filer's total
    $285,610 + $32,241 related

  • MICHAEL CONTI

    ASSOCIATE DIRECTOR, NATL SALES

    Total calculated
    $348,928
    From this org
    $299,663
    From related orgs
    $33,827
    Other
    $15,438
    Hours/week
    33.7 + 3.8 related

    Schedule J breakdown matched by us

    Base
    $110,256 + $12,446 related
    Bonus
    $167,217 + $18,876 related
    Other
    $22,190 + $2,505 related
    Deferred
    $0
    Nontaxable benefits
    $13,872 + $1,566 related
    Filer's total
    $313,535 + $35,393 related

  • MONICA RUEHLI

    PHYSICIAN REVIEWER

    Total calculated
    $324,907
    From this org
    $83,132
    From related orgs
    $217,650
    Other
    $24,125
    Hours/week
    10.4 + 27.1 related

    Schedule J breakdown matched by us

    Base
    $69,317 + $181,479 related
    Bonus
    $13,637 + $35,704 related
    Other
    $178 + $467 related
    Deferred
    $0
    Nontaxable benefits
    $6,668 + $17,457 related
    Filer's total
    $89,800 + $235,107 related

  • ANDREANA SANTANGELO

    FORMER DIRECTOR, EVP & CFO

    Total calculated
    $2,667,315
    From this org
    $0
    From related orgs
    $2,667,315
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $1,696,831 related
    Other
    $0 + $970,484 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $2,667,315 related

  • ANDREW DREYFUS

    FORMER DIRECTOR, PRESIDENT & CEO

    Total calculated
    $2,921,387
    From this org
    $0
    From related orgs
    $2,921,387
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $2,167,745 related
    Other
    $0 + $753,642 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $2,921,387 related

  • LINDA WILLIAMS

    FORMER SVP & CHIEF AUDIT EXECUTIVE

    Total calculated
    $1,403,015
    From this org
    $0
    From related orgs
    $1,360,779
    Other
    $42,236
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $8,203 related
    Bonus
    $0 + $496,113 related
    Other
    $0 + $856,463 related
    Deferred
    $0 + $41,580 related
    Nontaxable benefits
    $0 + $656 related
    Filer's total
    $0 + $1,403,015 related

  • STEPHANIE LOVELL

    FORMER DIRECTOR AND FORMER CHIEF LEGAL OFFICER

    Total calculated
    $599,061
    From this org
    $0
    From related orgs
    $599,061
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $306,876 related
    Other
    $0 + $292,185 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $599,061 related

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
THE ORGANIZATION'S SENIOR MANAGEMENT IS EXPECTED TO MAINTAIN A DEMANDING TRAVEL SCHEDULE. THE ORGANIZATION'S BOARD OF DIRECTORS HAS APPROVED AN ACCOUNTABLE PLAN FOR PAYMENT AND REIMBURSEMENT FOR TRAVEL POLICIES DESIGNED TO ASSURE THAT THE ORGANIZATION IS ABLE TO MEET SENIOR MANAGEMENT'S TRAVEL COMMITMENTS. THE ORGANIZATION PERMITS APPROPRIATE TRAVEL AND AMENITIES FOR SENIOR LEVEL MANAGEMENT. BUSINESS TRAVEL IS NOT TAXABLE TO THOSE EMPLOYEES OF THE ORGANIZATION AS COMPENSATION.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION'S SENIOR LEVEL MANAGEMENT SERVICES ARE PROVIDED BY BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC., A RELATED ORGANIZATION, UNDER AN ARM'S LENGTH SERVICES AGREEMENT. THE ORGANIZATION'S CEO IS COMPENSATED SOLELY BY BLUE CROSS BLUE SHIELD OF MASSACHUSETTS INC. THE ORGANIZATION'S CEO COMPENSATION IS DETERMINED UNDER THE DIRECTION OF THE HUMAN RESOURCES COMMITTEE OF THE BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. BOARD OF DIRECTORS USING MARKET ASSESSMENT INFORMATION PROVIDED BY INDEPENDENT COMPENSATION CONSULTANTS. FINAL APPROVAL OF THE ORGANIZATION'S CEO COMPENSATION IS PERFORMED BY THE FULL BOARD OF DIRECTORS OF BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC.
Schedule J, Part I, Line 4a Severance or change-of-control payment
IN 2024 THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS: ANDREW DREYFUS ($11,539), ANDREANA SANTANGELO ($750,750), AND LINDA WILLIAMS ($348,173).
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE ORGANIZATION'S OFFICERS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN SPONSORED BY THEIR EMPLOYER, BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. PAYMENTS WERE MADE TO ANDREW DREYFUS ($725,481), STEPHANIE LOVELL ($292,185), LINDA WILLIAMS ($425,108) AND ANDREANA SANTANGELO ($219,734) AND ARE REPORTED ON FORM 990 PART VII. THE ACTUARIALLY DETERMINED PRESENT VALUE OF THE BENEFITS ACCRUED UNDER THIS PLAN IS INCLUDED IN EACH APPLICABLE INDIVIDUAL'S DEFERRED COMPENSATION AMOUNT ON THIS FORM.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
THE EMPLOYEES OF THE ORGANIZATION PARTICIPATED IN AN INCENTIVE PAY PLAN DESIGNED TO RECOGNIZE AND REWARD SIGNIFICANT ACCOMPLISHMENTS THAT HAVE CONTRIBUTED TO THE OVERALL SUCCESS OF THE ORGANIZATION IN THE FULFILLMENT OF ITS ORGANIZATIONAL MISSION. THE ORGANIZATION'S GOALS ARE ESTABLISHED AT THE BEGINNING OF THE CALENDAR YEAR BY THE INDEPENDENT BOARD OF DIRECTORS OF BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. ("BCBSMA"), A RELATED ORGANIZATION. THESE GOALS COVER IMPORTANT MEASURES OF THE ORGANIZATION'S SUCCESS SUCH AS NET FINANCIAL RESULTS, MEMBER SATISFACTION, AND NET MEMBERSHIP GROWTH. AT THE END OF THE YEAR, RESULTS AGAINST THOSE GOALS ARE REVIEWED BY THE BCBSMA BOARD OF DIRECTORS UNDER WHOSE SOLE DISCRETION THE DETERMINATION OF ANY PAYOUT LEVEL IS MADE. THERE IS NO GUARANTEE THAT AMOUNTS WILL BE PAID FOR ANY CALENDAR YEAR.
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization
THE EMPLOYEES OF THE ORGANIZATION PARTICIPATED IN AN INCENTIVE PAY PLAN DESIGNED TO RECOGNIZE AND REWARD SIGNIFICANT ACCOMPLISHMENTS THAT HAVE CONTRIBUTED TO THE OVERALL SUCCESS OF THE ORGANIZATION IN THE FULFILLMENT OF ITS ORGANIZATIONAL MISSION. THE ORGANIZATION'S GOALS ARE ESTABLISHED AT THE BEGINNING OF THE CALENDAR YEAR BY THE INDEPENDENT BOARD OF DIRECTORS OF BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. ("BCBSMA"), A RELATED ORGANIZATION. THESE GOALS COVER IMPORTANT MEASURES OF THE ORGANIZATION'S SUCCESS SUCH AS NET FINANCIAL RESULTS, MEMBER SATISFACTION, AND NET MEMBERSHIP GROWTH. AT THE END OF THE YEAR, RESULTS AGAINST THOSE GOALS ARE REVIEWED BY THE BCBSMA BOARD OF DIRECTORS UNDER WHOSE SOLE DISCRETION THE DETERMINATION OF ANY PAYOUT LEVEL IS MADE. THERE IS NO GUARANTEE THAT AMOUNTS WILL BE PAID FOR ANY CALENDAR YEAR.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202513189349310896

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