Tufts Health Public Plans Inc is located in Canton, MA. The organization was established in 2017. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Tufts Health Public Plans Inc employed 666 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tufts Health Public Plans Inc 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, Tufts Health Public Plans Inc generated $2.7b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.8b during the year ending 12/2021. While expenses have increased by 11.5% 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.
Since 2016, Tufts Health Public Plans Inc has awarded 39 individual grants totaling $712,382. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TUFTS HEALTH PUBLIC PLANS'S MISSION IS TO IMPROVE THE HEALTH AND WELLNESS OF THE DIVERSE COMMUNITIES IT SERVES BY ARRANGING FOR THE PROVISION OF COMPREHENSIVE HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUFTS HEALTH TOGETHER IS THE NAME OF THPP'S MASSACHUSETTS MEDICAID MCO AND ACO PLANS THAT PROVIDE ACCESS TO AFFORDABLE HEALTH CARE FOR QUALIFIED RESIDENTS AND THEIR FAMILIES WHO MEET INCOME AND OTHER ELIGIBILITY REQUIREMENTS. MASSHEALTH IS THE NAME OF THE MASSACHUSETTS MEDICAID PROGRAM FUNDED BY THE FEDERAL GOVERNMENT AND THE STATE. MASSHEALTH HELPS PEOPLE WITH LIMITED INCOMES AND RESOURCES PAY FOR MEDICAL AND SUPPORT SERVICES. IT ALSO COVERS EXTRA SERVICES AND DRUGS NOT COVERED BY MEDICARE. TO BE ELIGIBLE FOR MASSHEALTH, YOU MUST BE A MASSACHUSETTS RESIDENT WITH LOW TO MODERATE INCOME. (SEE SCHEDULE O)
TUFTS HEALTH DIRECT IS AN INDIVDUAL AND SMALL GROUP QUALIFIED HEALTH PLAN (QHP) ESTABLISHED BY THE ORGANIZATION AFTER THE ENACTMENT OF THE AFFORDABLE CARE ACT TO PROVIDE ACCESS TO AFFORABLE HEALTH CARE FOR INDIVIDUALS AND FAMILIES WHO ARE NOT ELIGIBLE FOR AFFORDABLE EMPLOYER-SPONSORED INSURANCE, AND SMALL EMPLOYER GROUPS WITH 1-50 EMPLOYEES. (SEE SCHEDULE O)
TUFTS HEALTH UNIFY IS A MEDICARE-MEDICAID PLAN FOR INDIVIDUALS AGE 21-64 WHO ARE ELIGIBLE FOR BOTH MEDICARE AND MEDICAID. TUFTS HEALTH UNIFY IS ONE OF TWO MASSACHUSETTS ONECARE PLANS PARTICIPATING IN THE FINANCIAL ALIGNMENT INITIATIVE ('DUALS DEMONSTRATION') TO INTEGRATE BENEFITS AND CARE FOR MEDICARE-MEDICAID ENROLLEES. THE PLAN CONTRACTS WITH THE CENTER FOR MEDICARE AND MEDICAID SERVICES AND MASSHEALTH TO PROVIDE THE BENEFITS OF BOTH PROGRAMS TO LOW AND MODERATE INCOME INDIVIDUALS WITH DISABILITIES. (SEE SCHEDULE O)
RI MEDICAID
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas Croswell CEO (end 7/5) | OfficerTrustee | 10 | $0 |
Cain Hayes CEO Start 7/5 Pres&ceo St 10/1 | OfficerTrustee | 10 | $0 |
Gregory D Tranter Director & Vice Chair | OfficerTrustee | 1 | $0 |
Joyce Murphy Director, Chair | OfficerTrustee | 2 | $0 |
Michael Carson President (end 10/1) | Officer | 10 | $0 |
Marc Spooner COO (end 10/3) | Officer | 12.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ntt Data Inc Outsourcing | 12/30/21 | $4,125,185 |
Magellan Behavioral Health Outsourcing | 12/30/21 | $1,621,335 |
Cotiviti Llc Outsourcing | 12/30/21 | $1,528,921 |
Concentrix Solutions Outside Labor | 12/30/21 | $1,824,514 |
Pricewaterhousecoopers Llp Consulting | 12/30/21 | $2,320,352 |
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 | $2,713,185,449 |
Investment income | $9,124,017 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,275,279 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,728,584,745 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $447,339 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $2,503,734,879 |
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 | $37,682,970 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $10,103,203 |
Payroll taxes | $0 |
Fees for services: Management | $131,274,260 |
Fees for services: Legal | $60,294 |
Fees for services: Accounting | $444,796 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $840,857 |
Fees for services: Other | $53,927,651 |
Advertising and promotion | $4,040,885 |
Office expenses | $1,261,903 |
Information technology | $6,459,909 |
Royalties | $0 |
Occupancy | $0 |
Travel | $441,488 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $243,800 |
Interest | $0 |
Payments to affiliates | $3,889 |
Depreciation, depletion, and amortization | $13,096,274 |
Insurance | $221,137 |
All other expenses | $0 |
Total functional expenses | $2,775,239,488 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $86,291,026 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $188,274,269 |
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 | $11,676,341 |
Investments—publicly traded securities | $720,126,684 |
Investments—other securities | $0 |
Investments—program-related | $2,000,000 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,008,368,320 |
Accounts payable and accrued expenses | $498,371,129 |
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 | $109,231,916 |
Total liabilities | $607,603,045 |
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 | $400,765,275 |
Total liabilities and net assets/fund balances | $1,008,368,320 |
Over the last fiscal year, Tufts Health Public Plans Inc has awarded $257,500 in support to 14 organizations.
Grant Recipient | Amount |
---|---|
Providence, RI PURPOSE: Project GOAL/Central Falls Mini Pitch Build Initia | $50,000 |
Malden, MA PURPOSE: Community-Based COVID Vaccination Day Sponsorship | $45,000 |
THE ELISHA PROJECT PURPOSE: Elisha Project Share Market | $25,000 |
THE ELISHA PROJECT PURPOSE: Elisha Project Share Market | $25,000 |
Providence, RI PURPOSE: Children's Health Initiative & Breakfast | $22,500 |
LA SEGUNDA FOOD CORP PURPOSE: Thanksgiving Dinner - Not a nonprofit organization with IRS. Proceeds went to a direct community benefit. | $22,000 |
Organization Name | Assets | Revenue |
---|---|---|
Ny Hotel Trades Council & Hotel Assoc Of New York City Inc New York, NY | $354,599,006 | $314,147,563 |
New York Trades Council & Hotel Association Of New York City New York, NY | $191,278,895 | $130,078,266 |
Iuoe Local 30 Benefits Fund Whitestone, NY | $137,370,493 | $75,805,086 |
Bna Cash Basis Veba Trust Brooklyn, NY | $0 | $57,496,830 |
Golub Corporation Employees Benefit Trust Schenectady, NY | $0 | $47,368,126 |
Social Service Employees Union Local 371 Welfare Fund New York, NY | $3,893,562 | $23,163,002 |
Kaiser Found Health Plan Inc Retiree Health & Welfare Plan Tr Boston, MA | $6,263,155,647 | $206,309,367 |
Connecticut Insurance Guaranty Association Boston, MA | $114,038,959 | $6,299,722 |
College Insurance Company Colchester, VT | $74,904,314 | $21,436,710 |
General Hospital Long Term Disability Trust Somerville, MA | $45,869,299 | $18,555,032 |
Centers For Care Health Plan Bronx, NY | $49,972,187 | $33,212,808 |
Lufthansa German Airlines Long Term Disability Benefits Pl Tr Uniondale, NY | $2,508,054 | $15,798,770 |