Hmo Minnesota
- Assets
- $1.3b
- Revenue
- $3.0b
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 03/1975
- Data as of
- 12/2021
- EIN
- 41-6173747
Organization Overview
Hmo Minnesota, operating under the name Blue Plus, is located in Saint Paul, MN. The organization was established in 1975. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Plus is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Blue Plus generated $3.0b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $2.9b during the year ending 12/2021. While expenses have increased by 18.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 429,000 INDIVIDUALS WHO QUALIFY UNDER THE RESPECTIVE STATE PROGRAM.
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 8,500 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.
BLUE PLUS PROVIDES BENEFIT PAYMENTS FOR HEALTHCARE COVERAGE BASED ON CONTRACTUAL AGREEMENTS WITH GROUPS AND INDIVIDUAL SUBSCRIBERS, INCLUDING MEDICARE ADVANTAGE. THERE WERE APPROXIMATELY 39,000 MEMBERS AT DECEMBER 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Anderson Director | OfficerTrustee | 1 | $13,500 |
Aaron Hurd Director | Trustee | 1 | $11,000 |
Gretchen Lohrbach Director | Trustee | 1 | $11,000 |
Michael Jones Director | Trustee | 1 | $10,000 |
Monica Engel President CEO | OfficerTrustee | 17 | $0 |
Mark Steffen Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,971,444,399 |
| Investment income | $30,641,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,426,933 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,017,513,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,611,194,445 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,280,309 |
| Pension plan accruals and contributions | $1,879,445 |
| Other employee benefits | $6,050,702 |
| Payroll taxes | $2,630,398 |
| Fees for services: Management | $2,089,663 |
| Fees for services: Legal | $581,012 |
| Fees for services: Accounting | $261,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,744,950 |
| Fees for services: Other | $110,644,003 |
| Advertising and promotion | $803,987 |
| Office expenses | $833,240 |
| Information technology | $5,960,990 |
| Royalties | $0 |
| Occupancy | $2,940,805 |
| Travel | $49,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,942,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,329,431 |
| Insurance | $939,193 |
| All other expenses | $41,326,873 |
| Total functional expenses | $2,905,896,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,232,610 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,644,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $785,303,934 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,946,319 |
| Total assets | $1,323,127,272 |
| Accounts payable and accrued expenses | $76,364,110 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $475,324,779 |
| Total liabilities | $551,688,889 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $771,438,383 |
| Total liabilities and net assets/fund balances | $1,323,127,272 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Group Health Cooperative Of South Central Wi Madison, WI | $101,296,548 | $425,253,744 |
Quartz Health Plan Corporation Madison, WI | $73,798,914 | $332,612,093 |
My Choice Wisconsin Health Plan Inc Wauwatosa, WI | $94,864,690 | $199,253,580 |
Medica Community Health Plan Minnetonka, MN | $134,243,555 | $115,853,339 |
Community Care Health Plan Brookfield, WI | $28,400,717 | $108,865,323 |
Medical Associates Clinic Health Plan Of Wisconsin Dubuque, IA | $5,101,906 | $43,479,788 |
Mercy Health Network Inc Clive, IA | $29,567,569 | $25,434,292 |
Physicians Neck & Back Clinics Minneapolis, MN | $0 | $7,798,319 |
Sanford Heart of America Health Plan Sioux Falls, SD | $2,683,671 | $1,605,608 |
Hmong American Center Inc Wausau, WI | $815,793 | $701,024 |
Womens Life Care Center Little Canada, MN | $769,461 | $480,384 |
Minnesota Medical Group Management Association Inc St Paul, MN | $272,638 | $209,417 |