Emblemhealth Inc

“Of the 15 voting board members, three directors are deemed to be non-independent under the guidance set forth by the internal revenue service. Trustee compensation amounts reported on part vii of the form 990 represent reasonable compensation paid for services rendered as a trustee/director of the organization and such payments do not impair the individual's independence. Form 990, part vi, section a, line 1b: the non-independent individuals are karen ignagni, john feerick, and bernard schayes. Ms. Ignagni is a compensated employee of a related organization, health insurance plan of greater new york. Mr. Feerick has business transactions that have been disclosed on schedule l to the 990 (that thereby impair his independence). Dr. Bernard schayes received payment for services rendered to the organization in the amount of $15,727. These fees are reported on form 990, part vii as wages, but are distinct from the board trustee fees dr. Schayes receives for serving as an active participant of the board. Form 990, part vi, section a, line 2: in the interests of full disclosure, the organization notes that various officers and/or directors, may serve on the board of directors of for-profit organizations that are subsidiaries of hipgny (e.g. - those disclosed in schedule r of that organization's form 990). No individual is compensated for board service to the related for-profit organizations.”

“990 review process the organization's form 990 for the year ending december 31, 2024 was provided to each member of the organization's governing body before it was filed. A detailed review of the form 990 was undertaken by the organization's tax director, chief administrative officer, chief financial officer, and vp, deputy counsel. Upon completion of the review process, the form 990 is then electronically filed with the internal revenue service.”

“Independence to determine if an employee's personal interests, activities or relationships constitute a conflict of interest or the appearance of a conflict of interest, certain employees, based on functionality, as determined by the chief compliance officer, and by the vp, deputy counsel, are required to fully disclose, on an annual basis, any reportable situations on the company's conflict of interest disclosure form. All employees, at the time of employment, are required to fully disclose any personal interests, activities or relationships that constitute a conflict of interest or the appearance of a conflict of interest. Disclosures are reviewed by the chief compliance officer, and by vp, deputy general counsel. Any employee, who violates the conflict of interest policy, fails to make a required report or fails to comply with any remedial action required by the company may be subject to disciplinary action, up to and including termination of employment. At year end, the organization prepares a comprehensive conflicts of interest summary report that discloses all known reported conflicts. The summary includes all board members, officers, key employees and employees of emblemhealth, inc., health insurance plan of greater new york and all related affiliated entities.”

“Compensation review process the compensation provided to emblemhealth, inc's top management official, michael palmateer is paid out by a related organization, emblemhealth services company, llc (a 100% owned subsidiary of health insurance plan of greater new york, inc.). The directors listed in part vii of the form 990 are provided with a stipend for their board service. This amount is remitted via a form 1099 as these individuals are not employees of either emblemhealth, inc., or emblemhealth services company, llc. Emblemhealth services company, llc pays the board fees and issues the corresponding form 1099s. The process used to determine the compensation of the officers listed on part vii has been disclosed on the form 990 of health insurance plan of greater new york, a related organization. Emblemhealth, inc. Does note that the process for determining compensation of these individuals includes a review and approval by independent persons, the use of comparability data, and substantiation of the decision-making process.”

“Public documents the organization makes its form 990 and form 1023 available to the public by retaining a copy of each at its head offices at 55 water street, new york, new york. Any individual requesting a copy of these documents is provided that copy on the same business day. The organization's form 990 is also available for public inspection on www.guidestar.com. The organization's financial statements are available upon request. The organization's governing documents and conflict of interest policy are not available to the public.”

“For the year ending december 31, 2024, emblemhealth, inc. Did not pay any professional service providers in excess of $100,000; however, in the interests of full disclosure, the organization is noting that several members of the board of directors received 1099 compensation for their respective board service that may have exceeded $100,000. Since these individuals are reported in part vii of the form 990, the organization did not duplicate the information in the independent contractor section of the form 990.”

“The board fees disclosed in part vii of the form 990 and part ix line 5 are paid by related organization, health insurance plan of greater new york, through its disregarded entity, emblemhealth services company, llc. The compensation expense is reallocated back to emblemhealth, inc.”