Tufts Health Public Plans Inc

Organization Overview

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 12/2022, Tufts Health Public Plans Inc employed 651 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 12/2022, Tufts Health Public Plans Inc generated $2.9b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.8b during the year ending 12/2022. While expenses have increased by 9.1% 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 54 individual grants totaling $939,632. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

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)


RI MEDICAID


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)


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Board, Officers & Key Employees

Name (title)Compensation
Cain Hayes
President & CEO
$0
Michael Carson
Former President
$0
Umesh Kurpad
CFO
$0
Derek Abruzzese
Svp, Corp Strategy (end 4/15)
$0
Thomas Croswell
Former CEO
$0
Tisa Hughes
Clerk/secr;chief Legal Officer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
D Exposito Partners Llc
Consulting
$1,436,306
Integra Partners Llc
Outsource
$147,110
Cdr Associates Llc
Consulting
$123,523
Manhattan Data Llc
Consulting
$119,014
Change Healthcare Llc
Outsource
$187,495
View All Vendors

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$2,857,854,398
Investment income $18,739,374
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,504,081
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,887,097,853

Grants Awarded

Over the last fiscal year, Tufts Health Public Plans Inc has awarded $227,250 in support to 15 organizations.

Grant RecipientAmount

ALLIANCE FOUNDATION FOR COMMUNITY HEALTH

PURPOSE: SPONSORSHIP

$50,000

AMERICAN HEART ASSOCIATION INC

PURPOSE: SPONSORSHIP:

$12,500

CAMBRIDGE HEALTH ALLIANCE FOUNDATION

PURPOSE: SPONSORSHIP:

$12,500

CHA FOUNDATION

PURPOSE: SPONSORSHIP:

$10,000

DISABILITY POLICY CONSORTIUM

PURPOSE: SPONSORSHIP:

$20,000

CEDC

PURPOSE: SPONSORSHIP:

$15,000
View Grant Profile

Peer Organizations

Organization NameAssets
Ny Hotel Trades Council & Hotel Assoc Of New York City Inc
New York, NY
$447,170,967
New York Trades Council & Hotel Association Of New York City
New York, NY
$189,604,690
Iuoe Local 30 Benefits Fund
Whitestone, NY
$80,705,152
Bna Cash Basis Veba Trust
Brooklyn, NY
$48,402,165
Golub Corporation Employees Benefit Trust
Schenectady, NY
$47,368,126
College Insurance Company
Colchester, VT
$22,234,767
Social Service Employees Union Local 371 Welfare Fund
New York, NY
$22,448,159
Kaiser Found Health Plan Inc Retiree Health & Welfare Plan Tr
Boston, MA
$30,093,272
General Hospital Long Term Disability Trust
Somerville, MA
$19,504,001
Centers For Care Health Plan
Bronx, NY
$33,835,978
Connecticut Insurance Guaranty Association
Boston, MA
$10,278,713
Rvc Insurance Company Inc
Rockville Centre, NY
$25,848,334
Welfare Fund Heat And Frost Insulators Local 12
Long Island City, NY
$15,086,101
Granite Group Insurance Trust
Barre, VT
$15,954,866
Lufthansa German Airlines Long Term Disability Benefits Pl Tr
Uniondale, NY
$13,223,637
Centers For Care Health Plan co Bronx Funding LLC
Bronx, NY
$17,894,242
First Medical Insurance Compant A Risk Retention Group
Colchester, VT
$18,702,381
Workers Compensation Rating & Inspection Bureau Of Massachusetts
Boston, MA
$15,921,486
Bakers Union Local 453 Welfare Fund
Mount Kisco, NY
$11,690,505
Massachusetts Insurers Insolvency Fund
Boston, MA
$903,993
Insurance Fraud Bureau Of Massachusetts
Boston, MA
$10,994,650
Virginia Property And Casualty Insurance Luaranty Association
Boston, MA
$3,018,278
New Hampshire Bankers Association Insurance Trust
Concord, NH
$8,474,963
Trust For Aquarion Co Welfare Benefits
Bridgeport, CT
$10,459,172
House Staff Benefits Plan Of The Cir
Long Island City, NY
$8,972,190

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