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Nonprofiteer
← HEALTH NEW ENGLAND & SUBSIDIARIES

Form 990 for tax year 2024

Filed by HEALTH NEW ENGLAND & SUBSIDIARIES.

Totals

Total revenue
$995,624,746
Total expenses
$975,203,492
Contributions and grants received
$0
Grants paid
$446,683
Program service revenue
$981,873,894
Investment income
$11,593,630
Other revenue
$2,157,222
Total assets, end of year
$294,149,482
Total liabilities, end of year
$212,691,430
Net assets or fund balances, end of year
$81,458,052
Program services expenses (Part IX)
$882,255,451
Management and general expenses
$92,948,041
Fundraising expenses
$0
Program service expenses (Part III)
$882,255,451

Program services were 90.5% 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: MEDICAID PREMIUM

    total $446,700,386 · related or exempt $446,700,386

  • 2b · Program service revenue: COMMERCIAL LARGE GROUP

    total $198,986,077 · related or exempt $198,986,077

  • 2c · Program service revenue: COMMERCIAL SMALL GROUP

    total $190,371,513 · related or exempt $190,371,513

  • 2d · Program service revenue: MEDICARE PREMIUM

    total $145,469,040 · related or exempt $145,469,040

  • 2e · Program service revenue: DSRIP

    total $346,878 · related or exempt $346,878

  • 3 · Investment income

    total $8,876,242 · excluded $8,876,242

  • 7a · Gross sales of assets other than inventory

    securities $98,432,033

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

    securities $95,714,645

  • 7c · Gain or loss

    securities $2,717,388

  • 7d · Net gain or loss

    total $2,717,388 · excluded $2,717,388

  • 11a · Other revenue: OPTUM GROWTH CREDIT

    total $2,162,385 · related or exempt $2,162,385

  • 11b · Other revenue: RETROSPECTIVE RATED CO

    total -$5,163 · related or exempt -$5,163

  • 11e · Other revenue, total

    $2,157,222

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $446,683 · program services $446,683

  • 4 · Benefits paid to or for members

    total $881,808,768 · program services $881,808,768

  • 5 · Compensation of officers, directors and key employees

    total $3,987,602 · management and general $3,987,602

  • 7 · Other salaries and wages

    total $31,868,957 · management and general $31,868,957

  • 8 · Pension plan contributions

    total $1,761,180 · management and general $1,761,180

  • 9 · Other employee benefits

    total $4,139,937 · management and general $4,139,937

  • 10 · Payroll taxes

    total $2,669,435 · management and general $2,669,435

  • 11b · Fees: legal

    total $487,120 · management and general $487,120

  • 11c · Fees: accounting

    total $3,361,889 · management and general $3,361,889

  • 11d · Fees: lobbying

    total $51,324 · management and general $51,324

  • 11f · Fees: investment management

    total $304,026 · management and general $304,026

  • 11g · Fees: other

    total $7,188,606 · management and general $7,188,606

  • 12 · Advertising and promotion

    total $1,115,110 · management and general $1,115,110

  • 13 · Office expenses

    total $2,021,865 · management and general $2,021,865

  • 14 · Information technology

    total $23,279,514 · management and general $23,279,514

  • 16 · Occupancy

    total $1,304,778 · management and general $1,304,778

  • 17 · Travel

    total $62,853 · management and general $62,853

  • 19 · Conferences, conventions and meetings

    total $140,785 · management and general $140,785

  • 22 · Depreciation, depletion and amortization

    total $1,330,165 · management and general $1,330,165

  • 23 · Insurance

    total $170,664 · management and general $170,664

  • 24a · Other expenses: PBM FEES

    total $3,756,894 · management and general $3,756,894

  • 24b · Other expenses: EXCHANGE ADMIN FEES

    total $2,023,182 · management and general $2,023,182

  • 24c · Other expenses: REGULATORY FEES AND OTH

    total $1,546,065 · management and general $1,546,065

  • 24d · Other expenses: ASSOC DUES

    total $376,090 · management and general $376,090

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,868,581 · end of year $12,480,899

  • 2 · Savings and temporary cash investments

    beginning of year $63,688,750 · end of year $37,274,934

  • 4 · Accounts receivable

    beginning of year $5,129,526 · end of year $20,680,704

  • 7 · Other notes and loans receivable

    beginning of year $2,107,039 · end of year $1,222,707

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

    $29,082,116

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

    $28,546,189

  • 10c · Land, buildings and equipment, net

    beginning of year $838,559 · end of year $535,927

  • 11 · Investments: publicly traded securities

    beginning of year $179,017,069 · end of year $168,731,143

  • 12 · Investments: other securities

    beginning of year $8,130,852 · end of year $7,666,606

  • 15 · Other assets

    beginning of year $27,911,712 · end of year $45,556,562

  • 17 · Accounts payable and accrued expenses

    beginning of year $200,098,289 · end of year $180,415,914

  • 25 · Other liabilities

    beginning of year $30,931,918 · end of year $32,275,516

  • 27 · Net assets without donor restrictions

    beginning of year $64,661,881 · end of year $81,458,052

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • COMMERCIAL SMALL AND LARGE GROUP AND INDIVIDUAL PRODUCTS:ENROLLEES AT 12/31/24: 48,022 REVENUE: $ 389.3 MILLIONPROGRAM EXPENSES: $ 329.3 MILLIONHEALTH NEW ENGLAND, INC. MAKES HIGH QUALITY, LOW COST HEALTH CARE SERVICES AVAILABLE THROUGH HEALTH PLANS WITHIN A SERVICE AREA THAT COMPRISES MORE POOR, MEDICALLY UNDERSERVED AND RURAL COMMUNITIES THAN ANY OTHER PART OF MASSACHUSETTS. A FEDERAL HEALTH RESOURCES & SERVICES ADMINISTRATION REPORT STATED THAT OF THE 102 MASSACHUSETTS TOWNS DESIGNATED AS MEDICALLY UNDERSERVED, 78 ARE IN THE FOUR COUNTIES THAT HEALTH NEW ENGLAND SERVES. (CONTINUED ON SCHEDULE O) BASED ON THAT STATISTIC, IN ALL OVER 45% OF HEALTH NEW ENGLAND'S ENROLLEES LIVE IN MEDICALLY UNDERSERVED AREAS.HEALTH NEW ENGLAND'S SERVICE AREA INCLUDES FOUR OF THE FIVE COUNTIES WITH THE HIGHEST PERCENTAGE OF POVERTY AND THE LOWEST PER CAPITA INCOME IN MASSACHUSETTS, BASED ON US CENSUS BUREAU DATA. MANY RESIDENTS IN WESTERN MASSACHUSETTS THUS STRUGGLE WITH POVERTY AND LOW LEVELS OF INCOME. ACROSS THE FOUR COUNTIES OF WESTERN MASSACHUSETTS, 16% OF RESIDENTS LIVE IN POVERTY, AND THE MEDIAN FAMILY INCOME IN THREE OF THE FOUR COUNTIES IS MORE THAN 20% LOWER THAN THAT OF THE STATE. CHILD POVERTY RATES ARE HIGH WITH 23% OF CHILDREN IN THE REGION LIVING IN POVERTY. HAMPDEN COUNTY HAS THE HIGHEST RATES OF POVERTY AND UNEMPLOYMENT IN HEALTH NEW ENGLAND'S SERVICE AREA AND THE LOWEST MEDIAN INCOME. ALSO, LOWER LEVELS OF EDUCATION CONTRIBUTE TO UNEMPLOYMENT AND THE ABILITY TO EARN A LIVABLE WAGE. APPROXIMATELY 12% OF RESIDENTS AGE 25 AND OLDER IN WESTERN MASSACHUSETTS DO NOT HAVE A HIGH SCHOOL DIPLOMA, WITH THE HIGHEST RATES OBSERVED IN HAMPDEN COUNTY (16%). IN THE COMMUNITIES OF SPRINGFIELD, HOLYOKE, CHICOPEE, LUDLOW, WEST SPRINGFIELD AND PITTSFIELD, THERE IS A HIGHER PERCENTAGE OF ELIGIBLE INDIVIDUALS DO NOT HAVE A HIGH SCHOOL DIPLOMA, COMPARED TO STATEWIDE RATE.HEALTH NEW ENGLAND MAKES HEALTH CARE AVAILABLE IN THIS SERVICE AREA AND TO THIS POPULATION BY OFFERING HEALTH PLANS WHICH SERVE INDIVIDUALS AND SMALL GROUPS.HEALTH NEW ENGLAND OFFERS HEALTH PLANS TO INDIVIDUALS AND FAMILIES (BOTH DIRECTLY AND THROUGH THE MASSACHUSETTS HEALTH CONNECTOR) AND SMALL EMPLOYER GROUPS (EMPLOYERS WITH 50 OR FEWER EMPLOYEES).HEALTH NEW ENGLAND ALSO PROVIDES COVERAGE TO INDIVIDUALS AND FAMILIES THROUGH PLANS OFFERED BY EMPLOYERS WHICH HAVE MORE THAN 50 EMPLOYEES. THIS CATEGORY INCLUDES MANY MUNICIPAL EMPLOYEES WHO DO NOT OBTAIN COVERAGE THROUGH THE GIC, AND ALSO INCLUDES MANY EMPLOYEES OF HEALTH CARE AND NONPROFIT ORGANIZATIONS.MEDICARE:ENROLLEES AT 12/31/24: 12,175REVENUE: $145.5 MILLIONPROGRAM EXPENSES: $130.7 MILLIONHEALTH NEW ENGLAND SERVES MEDICARE ENROLLEES THROUGH HEALTH NEW ENGLAND MEDICARE ADVANTAGE PLANS.MEDICAID: ENROLLEES: 48,315REVENUE: $446.7 MILLIONPROGRAM EXPENSES: $417.9 MILLIONHEALTH NEW ENGLAND PARTICIPATES IN MASSHEALTH, THE MASSACHUSETTS MEDICAID PROGRAM, THROUGH A MEDICAID MANAGED CARE PLAN. THE NUMBER OF HEALTH NEW ENGLAND'S MEDICAID PLAN ENROLLEES HAS GENERALLY INCREASED SINCE 2010 WHEN HEALTH NEW ENGLAND BEGAN OFFERING SUCH PLANS.

    Expenses $882,255,451 · Grants $446,683 · Revenue $984,031,116

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark A Keroack MD Term 531

    CHAIR/DIR, PRES & CEO BH

    Total calculated
    $1,587,699
    From this org
    $0
    From related orgs
    $1,554,650
    Other
    $33,049
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $782,775 related
    Bonus
    $0 + $461,744 related
    Other
    $0 + $310,131 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $14,074 related
    Filer's total
    $0 + $1,587,699 related

  • Peter Banko Start 6124

    CHAIR/DIR, PRES & CEO BH

    Total calculated
    $1,747,717
    From this org
    $0
    From related orgs
    $1,514,715
    Other
    $233,002
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $988,761 related
    Bonus
    $0 + $514,000 related
    Other
    $0 + $11,954 related
    Deferred
    $0 + $214,052 related
    Nontaxable benefits
    $0 + $18,950 related
    Filer's total
    $0 + $1,747,717 related

  • William Webber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Oestreich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pia Flanagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Beauchamp Steele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wyndolyn Bell MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harriet Deverry

    DIRECTOR (TERM 12/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Tania Barber

    DIRECTOR (TERM 2/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Raymond McCarthy

    DIRECTOR, SVP CFO TREAS BH

    Total calculated
    $1,335,634
    From this org
    $0
    From related orgs
    $1,279,577
    Other
    $56,057
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $719,349 related
    Bonus
    $0 + $309,758 related
    Other
    $0 + $250,470 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $26,732 related
    Filer's total
    $0 + $1,335,634 related

  • Richard Swift

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,511,000
    From this org
    $1,058,502
    From related orgs
    $0
    Other
    $452,498
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $713,356
    Bonus
    $335,594
    Other
    $9,552
    Deferred
    $446,937
    Nontaxable benefits
    $5,561
    Filer's total
    $1,511,000

  • Casey J Hossa

    CHIEF INFORMATION OFFICER

    Total calculated
    $684,821
    From this org
    $490,024
    From related orgs
    $0
    Other
    $194,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,825
    Bonus
    $116,199
    Other
    $0
    Deferred
    $179,707
    Nontaxable benefits
    $15,090
    Filer's total
    $684,821

  • Kate McIntosh

    CHIEF MEDICAL OFFICER

    Total calculated
    $788,990
    From this org
    $570,936
    From related orgs
    $0
    Other
    $218,054
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $427,308
    Bonus
    $134,076
    Other
    $9,552
    Deferred
    $204,815
    Nontaxable benefits
    $13,239
    Filer's total
    $788,990

  • Judith Danek

    DIR OFFICE OF PRES & GOV RELATIONS

    Total calculated
    $260,371
    From this org
    $210,647
    From related orgs
    $0
    Other
    $49,724
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,573
    Bonus
    $15,481
    Other
    $593
    Deferred
    $33,218
    Nontaxable benefits
    $16,506
    Filer's total
    $260,371

  • Jason Rio

    SR. DIR. REVENUE ASSUR. & RISK MGMT

    Total calculated
    $418,877
    From this org
    $331,478
    From related orgs
    $0
    Other
    $87,399
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,608
    Bonus
    $38,806
    Other
    $1,064
    Deferred
    $75,145
    Nontaxable benefits
    $12,254
    Filer's total
    $418,877

  • Lisa M Cohen

    VP & CHIEF FINANCIAL OFFICER

    Total calculated
    $852,778
    From this org
    $600,777
    From related orgs
    $0
    Other
    $252,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $437,672
    Bonus
    $153,553
    Other
    $9,552
    Deferred
    $233,298
    Nontaxable benefits
    $18,703
    Filer's total
    $852,778

  • Susan O Connor

    VP & GENERAL COUNSEL

    Total calculated
    $577,201
    From this org
    $415,734
    From related orgs
    $0
    Other
    $161,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,749
    Bonus
    $96,177
    Other
    $10,808
    Deferred
    $147,485
    Nontaxable benefits
    $13,982
    Filer's total
    $577,201

  • Shawn E Thamert

    VP OF SALES & CHIEF GROWTH OFFICER

    Total calculated
    $451,148
    From this org
    $309,505
    From related orgs
    $0
    Other
    $141,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,001
    Bonus
    $0
    Other
    $9,504
    Deferred
    $141,073
    Nontaxable benefits
    $570
    Filer's total
    $451,148

  • Tyler Hutchison

    CHIEF ACTUARY, SR. DIR, HEALTHCARE ECON

    Total calculated
    $420,614
    From this org
    $330,434
    From related orgs
    $0
    Other
    $90,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,547
    Bonus
    $43,887
    Other
    $0
    Deferred
    $83,849
    Nontaxable benefits
    $6,331
    Filer's total
    $420,614

  • Timothy Chrystal

    DIR. OF SALES & ACCOUNT MGMT

    Total calculated
    $357,503
    From this org
    $303,706
    From related orgs
    $0
    Other
    $53,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,577
    Bonus
    $26,353
    Other
    $776
    Deferred
    $47,062
    Nontaxable benefits
    $6,735
    Filer's total
    $357,503

  • Michael Gauvin

    DIR. PROGRAM DVP. & MARKET INTEL

    Total calculated
    $347,466
    From this org
    $296,757
    From related orgs
    $0
    Other
    $50,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,470
    Bonus
    $18,287
    Other
    $0
    Deferred
    $50,709
    Nontaxable benefits
    $0
    Filer's total
    $347,466

  • Gary Tereso

    DIRECTOR OF PHARMACY SERVICES

    Total calculated
    $354,663
    From this org
    $290,112
    From related orgs
    $0
    Other
    $64,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,304
    Bonus
    $36,957
    Other
    $851
    Deferred
    $58,368
    Nontaxable benefits
    $6,183
    Filer's total
    $354,663

  • Sean Noone

    SR. DIRECTOR, CHIEF OF OPERATIONS

    Total calculated
    $398,350
    From this org
    $303,516
    From related orgs
    $0
    Other
    $94,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,119
    Bonus
    $42,397
    Other
    $0
    Deferred
    $81,600
    Nontaxable benefits
    $13,234
    Filer's total
    $398,350

  • Michael Faso

    FORMER INTERIM CFO

    Total calculated
    $202,538
    From this org
    $202,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $202,538
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $202,538

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

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

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
  • 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, LINE 3
HEALTH NEW ENGLAND, INC. USES AN INDEPENDENT COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, AND APPROPRIATE COMPARABILITY DATA AND APPROVAL BY THE COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF ITS KEY OFFICERS, DIRECTORS, AND EMPLOYEES.
PART I, LINE 4B
MARK A. KEROACK, MD - SUPPLEMENTAL RETIREMENT OF $193,727 IS INCLUDED IN COLUMN B. THIS AMOUNT CONSISTS OF $189,377 EARNED AND PAID IN 2024 AND $4,350 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. THE AMOUNT IS LISTED IN COLUMN F IN ACCORDANCE WITH REPORTING REQUIREMENTS. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. RAYMOND MCCARTHY - SUPPLEMENTAL RETIREMENT OF $194,202 IS INCLUDED IN COLUMN B. HIS AMOUNT CONSISTS OF $190,052 EARNED AND PAID IN 2024 AND $4,350 THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS FORMS 990 AND THAT IS CURRENTLY REPORTED AS TAXABLE INCOME. THE AMOUNT IS LISTED IN COLUMN F IN ACCORDANCE WITH REPORTING REQUIREMENTS. SUPPLEMENTAL RETIREMENT OF $5,175 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024. PETER D. BANKO - SUPPLEMENTAL RETIREMENT OF $196,802 IS INCLUDED IN COLUMN C. THIS AMOUNT WAS EARNED IN 2024.
PART I, LINE 6
CERTAIN EMPLOYEES OF HEALTH NEW ENGLAND, INC. ARE ELIGIBLE FOR BONUSES IN PART BASED ON NET EARNINGS, EMPLOYEES RECEIVE A PERCENTAGE OF THE EXCESS REVENUES WHEN TARGET UNDERWRITING MARGINS ARE EXCEEDED.
PART I, LINE 7
CERTAIN EMPLOYEES OF HEALTH NEW ENGLAND, INC. ARE ELIGIBLE FOR BONUSES IN PART BASED ON NUMBERS OF MEMBERS BY LINES OF BUSINESSES, QUALITY MEASURES, ACHIEVEMENT OF MEDICARE STAR RATINGS, NCQA EVALUATION, MEDICAID QUALITY AND PERFORMANCE AND QUALITY STANDARDS AROUND POPULATION HEALTH ALONG WITH OTHER OPERATIONAL METRICS OF PERFORMANCE.

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.

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.

  • BAYSTATE HEALTH URGENT CARE

    URGENT HEALTCARE · MA

  • AMSURG BMC LLC

    MEDICAL SERVICES · MA

  • ORTHOPEDIC SURGEONS ALLIANCE

    MEDICAL SERVICES · MA

Related corporations and trusts

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

  • INGRAHAM CORPORATION

    C · HEALTH CARE AND OTHER BUSINESS ACTIVITY · MA

  • HNE INSURANCE SERVICES INC

    C · COLLECTION OF SERVICES FOR ANCILLARY SERVICES · MA · 100% owned · share of income $30,030 · share of assets $187,729 · controlled entity

    Directly controlled by HNE HOLDING CORPORATION

  • HNE ADVISORY SERVICES

    C · ADMINISTRATIVE SERVICES · MA · 100% owned · share of income -$83,266 · share of assets $26,038,919 · controlled entity

    Directly controlled by HNE HOLDING CORPORATION

  • HNE HOLDING CORPORATION

    C · HOLDING COMPANY · MA · 100% owned · share of income -$1,043,609 · share of assets $3,161,609 · controlled entity

    Directly controlled by HEALTH NEW ENGLAND INC

  • BAYSTATE HEALTH INSURANCE COMPANY LTD

    C · OFFSHORE CAPTIVE INSURANCE · CJ

  • HNE INSURANCE COMPANY INC

    C · PROVIDE MEDICARE MED SUPP SERVICES · MA · 100% owned · share of income -$862,595 · share of assets $4,805,343 · controlled entity

    Directly controlled by HNE HOLDING CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349308452

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