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← MEDICA HEALTH PLANS

Form 990 for tax year 2024

Filed by MEDICA HEALTH PLANS.

Totals

Total revenue
$1,827,807,730
Total expenses
$1,934,770,747
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,780,776,947
Investment income
$43,654,053
Other revenue
$3,376,730
Total assets, end of year
$971,675,180
Total liabilities, end of year
$416,251,506
Net assets or fund balances, end of year
$555,423,674
Program services expenses (Part IX)
$1,731,503,812
Management and general expenses
$203,266,935
Fundraising expenses
$0
Program service expenses (Part III)
$1,731,503,812

Program services were 89.5% 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: MEDICARE REVENUE

    total $1,312,916,601 · related or exempt $1,312,916,601

  • 2b · Program service revenue: MEDICAID REVENUE

    total $456,290,387 · related or exempt $456,290,387

  • 2c · Program service revenue: GROUP & INDIVIDUAL

    total $11,569,959 · related or exempt $11,569,959

  • 3 · Investment income

    total $29,203,003 · excluded $29,203,003

  • 6a · Gross rents

    real property $5,390,506

  • 6b · Less rental expenses

    real property $2,013,776

  • 6c · Rental income or loss

    real property $3,376,730

  • 6d · Net rental income or loss

    total $3,376,730 · excluded $3,376,730

  • 7a · Gross sales of assets other than inventory

    securities $1,747,450,260

  • 7b · Less cost or other basis and sales expenses

    securities $1,732,999,210

  • 7c · Gain or loss

    securities $14,451,050

  • 7d · Net gain or loss

    total $14,451,050 · excluded $14,451,050

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,731,503,812 · program services $1,731,503,812

  • 11b · Fees: legal

    total $718,615 · management and general $718,615

  • 11c · Fees: accounting

    total $210,406 · management and general $210,406

  • 11d · Fees: lobbying

    total $40,763 · management and general $40,763

  • 11f · Fees: investment management

    total $867,854 · management and general $867,854

  • 11g · Fees: other

    total $24,794,395 · management and general $24,794,395

  • 12 · Advertising and promotion

    total $3,454,848 · management and general $3,454,848

  • 13 · Office expenses

    total $1,289,271 · management and general $1,289,271

  • 14 · Information technology

    total $11,466,016 · management and general $11,466,016

  • 16 · Occupancy

    total $1,324,284 · management and general $1,324,284

  • 17 · Travel

    total $259,218 · management and general $259,218

  • 19 · Conferences, conventions and meetings

    total $111,220 · management and general $111,220

  • 20 · Interest

    total $529,115 · management and general $529,115

  • 22 · Depreciation, depletion and amortization

    total $8,474,980 · management and general $8,474,980

  • 23 · Insurance

    total $645,326 · management and general $645,326

  • 24a · Other expenses: LEASED EMPLOYEES

    total $69,894,564 · management and general $69,894,564

  • 24b · Other expenses: INTERCOMPANY EXPENSE

    total $63,458,313 · management and general $63,458,313

  • 24c · Other expenses: PREMIUM TAXES

    total $11,600,469 · management and general $11,600,469

  • 24d · Other expenses: PRINTING & PUBLICATION

    total $1,755,143 · management and general $1,755,143

  • 24e · All other expenses

    total $2,372,135 · management and general $2,372,135

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,415,894 · end of year $4,983,997

  • 2 · Savings and temporary cash investments

    beginning of year $49,601,043 · end of year $35,350,794

  • 4 · Accounts receivable

    beginning of year $97,708,502 · end of year $86,522,976

  • 10a · Land, buildings and equipment: cost or other basis

    $97,625,864

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,272,561

  • 10c · Land, buildings and equipment, net

    beginning of year $70,379,584 · end of year $68,353,303

  • 11 · Investments: publicly traded securities

    beginning of year $557,477,401 · end of year $694,427,073

  • 12 · Investments: other securities

    beginning of year $4,264,185 · end of year $7,963,778

  • 15 · Other assets

    beginning of year $73,701,901 · end of year $74,073,259

  • 17 · Accounts payable and accrued expenses

    beginning of year $269,812,962 · end of year $413,558,269

  • 19 · Deferred revenue

    beginning of year $2,554,644 · end of year $2,693,237

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $653,180,904 · end of year $555,423,674

Mission and programs · 2024

Mission

TO BE THE TRUSTED HEALTH PLAN OF CHOICE FOR CUSTOMERS, MEMBERS, PARTNERS AND OUR EMPLOYEES.

Activities or mission (Part I)

TO BE THE TRUSTED HEALTH PLAN OF CHOICE FOR CUSTOMERS, MEMBERS, PARTNERS AND OUR EMPLOYEES

  • SEE SCHEDULE O

    Expenses $450,019,510 · Revenue $456,290,387

  • SEE SCHEDULE O

    Expenses $34,519,660 · Revenue $11,569,959

  • SEE SCHEDULE O

    Expenses $1,246,964,642 · Revenue $1,312,916,601

As filed on the 2024 return.

Listed in Part VII

  • Elizabeth F Erickson

    PRESIDENT, CEO, & TREAS THRU 1/2024

    Total calculated
    $1,870,851
    From this org
    $0
    From related orgs
    $1,669,649
    Other
    $201,202
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $985,480 related
    Bonus
    $0 + $522,989 related
    Other
    $0 + $161,180 related
    Deferred
    $0 + $160,811 related
    Nontaxable benefits
    $0 + $40,391 related
    Filer's total
    $0 + $1,870,851 related

  • John Buck

    DIRECTOR & CHAIR

    Total calculated
    $145,250
    From this org
    $0
    From related orgs
    $145,250
    Other
    $0
    Hours/week
    0 + 15 related

  • John Stanoch

    DIRECTOR & VICE CHAIR

    Total calculated
    $128,500
    From this org
    $0
    From related orgs
    $128,500
    Other
    $0
    Hours/week
    0 + 10 related

  • Peter Kelley

    DIRECTOR

    Total calculated
    $94,750
    From this org
    $0
    From related orgs
    $94,750
    Other
    $0
    Hours/week
    0 + 10 related

  • Mary Twinem

    DIRECTOR

    Total calculated
    $90,250
    From this org
    $0
    From related orgs
    $90,250
    Other
    $0
    Hours/week
    0 + 10 related

  • Mary P Quist

    SR. VP, FINANCE THRU 6/2024

    Total calculated
    $639,953
    From this org
    $0
    From related orgs
    $604,708
    Other
    $35,245
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,247 related
    Bonus
    $0 + $355,809 related
    Other
    $0 + $63,652 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $21,445 related
    Filer's total
    $0 + $639,953 related

  • Krista Dusil

    SVP, CFO, & TREASURER

    Total calculated
    $920,238
    From this org
    $0
    From related orgs
    $804,123
    Other
    $116,115
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $428,011 related
    Bonus
    $0 + $300,026 related
    Other
    $0 + $76,086 related
    Deferred
    $0 + $91,882 related
    Nontaxable benefits
    $0 + $24,233 related
    Filer's total
    $0 + $920,238 related

  • Alicia Reuter

    SVP & CLO, SECRETARY

    Total calculated
    $481,224
    From this org
    $0
    From related orgs
    $408,482
    Other
    $72,742
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,472 related
    Bonus
    $0 + $125,026 related
    Other
    $0 + $38,984 related
    Deferred
    $0 + $55,274 related
    Nontaxable benefits
    $0 + $17,468 related
    Filer's total
    $0 + $481,224 related

  • Mark L Baird

    FORMER SVP & CFO

    Total calculated
    $370,125
    From this org
    $0
    From related orgs
    $370,125
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $124,000 related
    Other
    $0 + $246,125 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $370,125 related

  • James P Jacobson

    FORMER SVP SEC & GEN COUNSEL

    Total calculated
    $403,815
    From this org
    $0
    From related orgs
    $403,815
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $403,815 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $403,815 related

  • John Naylor

    FORMER PRESIDENT & CEO

    Total calculated
    $565,230
    From this org
    $0
    From related orgs
    $565,230
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $565,230 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $565,230 related

  • David H Ellenbogen

    FORMER SVP SEC & GEN COUNSEL

    Total calculated
    $226,230
    From this org
    $0
    From related orgs
    $224,611
    Other
    $1,619
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $11,188 related
    Bonus
    $0
    Other
    $0 + $213,423 related
    Deferred
    $0 + $453 related
    Nontaxable benefits
    $0 + $1,166 related
    Filer's total
    $0 + $226,230 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, 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

  • 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

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 3
MEDICA HEALTH PLANS, THE FILING ORGANIZATION, DOES NOT PAY COMPENSATION. ALL COMPENSATION IS PAID BY MEDICA SERVICES COMPANY, A RELATED TAXABLE ORGANIZATION. WHEN ESTABLISHING COMPENSATION MEDICA SERVICES COMPANY USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
THE FOLLOWING RECEIVED A SUPPLEMENT NONQUALIFIED RETIREMENT PLAN PAYMENT FROM MEDICA SERVICES COMPANY, A RELATED ORGANIZATION: MARK L. BAIRD - $43,667 KRISTA DUSIL - $73,769 DAVID H. ELLENBOGEN - $213,151 ELIZABETH F. ERICKSON - $152,285 JAMES P. JACOBSON - $126,993 JOHN W. NAYLOR - $208,756 ALICIA REUTER - $37,500 MARY P. QUIST - $58,545
PART I, LINE 6
MANAGEMENT INCENTIVE COMPENSATION INCLUDES COMPONENTS RELATED TO THE ORGANIZATION'S OPERATING EARNINGS.

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MS COMMUNITY NFP JV LLC (MFCJVN)

    0 · MN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MEDICA INSURANCE COMPANY

    C · HEALTH INSURANCE · MN

    Directly controlled by MAS

  • MEDICA SELF-INSURED

    C · THIRD PARTY ADMIN · MN

    Directly controlled by MAS

  • MEDICA AFFILIATED SERVICES (MAS)

    C · HOLDING COMPANY · MN

    Directly controlled by MHC

  • MEDICA HEALTH MANAGEMENT

    C · HEALTH MGMT · MN

    Directly controlled by MAS

  • MMSI INC

    C · HEALTH INSURANCE · MN

    Directly controlled by MAS

  • MEDICA SERVICES COMPANY LLC

    C · ADMIN SERVICES · MN

    Directly controlled by MAS

  • DEAN HEALTH PLAN INC

    C · HEALTH INSURANCE · WI

    Directly controlled by DHI

  • DEAN HEALTH INSURANCE INC (DHI)

    C · HEALTH INSURANCE · WI

    Directly controlled by MSCJV

  • MEDICA CENTRAL INSURANCE COMPANY

    C · HEALTH INSURANCE · MO

    Directly controlled by MSCJV

  • DEAN HEALTH SERVICES COMPANY LLC

    C · ADMIN SERVICES · WI

    Directly controlled by MSCJV

  • MS COMMUNITY JV LLC (MSCJV)

    C · HOLDING COMPANY · MN

    Directly controlled by MHC

  • MEDICA REGIONAL INSURANCE COMPANY

    C · HEALTH INSURANCE · MN

    Directly controlled by MAS

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503189349308485

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