Public Charity

BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC

BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC is a nonprofit organization categorized as Public Charity based in BOSTON, MA. Its most recent IRS filing (2024) reports revenue of $5.9B, expenses of $6.1B, total assets of $3.6B.

EIN: 043362283 BOSTON, MA Latest filing: 2024
Total Revenue$5.9B
Total Expenses$6.1B
Total Assets$3.6B
Grant Records0
Filing Years2020–2024

Mission

THE COMPANY OFFERS HEALTH MAINTENANCE ORGANIZATION SERVICES AND SUPPLEMENTARY PROGRAMS FOR THE BENEFIT OF ITS MEMBERS, PROVIDING HOSPITALIZATION, MEDICAL, AND OTHER HEALTH BENEFITS TO MEMBERS THROUGH CONTRACTS WITH HOSPITALS, PHYSICIANS, NURSING FACILITIES, AND OTHER HEALTH CARE PROVIDERS.

Where $100 goes at Blue Cross Blue Shield of Massachusetts Hmo Blue Inc

How Blue Cross Blue Shield of Massachusetts Hmo Blue Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$88 Programs the work itself
$12 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $88 for programs

$88
Provision of hospital and medical benefits
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

VICE PRESIDENT & ASST. CLERK Alona Abalos
FORMER DIRECTOR, EVP & CFO Andreana Santangelo
FORMER DIRECTOR, PRESIDENT & CEO Andrew Dreyfus
VP OF TREASURY AND INVESTMENTS Anthony Criscuolo
ASSOCIATE MEDICAL DIRECTOR Benjamin Kruskal
SVP CHIEF RISK & AUDIT OFFICER Dawn Perry

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $5.9B $6.1B $3.6B
2023 $5.9B $5.7B $3.4B
2022 $5.5B $5.3B $3.1B
2020 $5.3B $4.9B $2.9B

Between 2020 and 2024, reported annual revenue grew from $5.3B to $5.9B (+13%), with total assets most recently reported at $3.6B.

Interactive year-over-year charts and full filing details available with membership.

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