Martin'S Point Generations Advantage

“The sole member of Martin's Point Generations Advantage, Inc. is Martin's Point Health Care, Inc.”

“The sole member of Martin's Point Generations Advantage, Inc., Martin's Point Health Care, Inc., has the power to appoint, remove, and replace directors.”

“Martin's Point Health Care, Inc., the sole member of Martin's Point Generations Advantage, Inc., has the power to amend the articles of incorporation and the bylaws.”

“The Form 990 is prepared internally with assistance from an outside CPA firm. The return is reviewed in detail by Martin's Point Health Care, Inc. management. A copy of the Form 990 is provided to the Board of Directors before filing.”

“The Organization follows the conflict of interest policy of its Parent, Martin's Point Health Care, Inc. Under the provisions of that policy, every employee is required to complete a New Hire Compliance Training within the first 30 days of employment. This training includes compliance guidelines for the conflict of interest policy. All employees, as a condition of employment, take the annual compliance training with includes conflict of interest training. Questions specific to identifying conflict of interest are answered by each employee. Reported conflicts are managed by the Compliance & Legal Affairs Department. All board directors receive conflict of interest training and must attest to having no conflicts annually.”

“All of Martin's Point Generations Advantage, Inc.'s Officers are compensated by its Parent, Martin's Point Health Care, Inc. Each year, Martin's Point Health Care's (MPHC's) Compensation Committee, which is comprised of independent Board Members, works with an independent health care compensation consulting firm to obtain third-party market data for positions that are functionally comparable to those held by MPHC executives in organizations of comparable size based on net revenue and/or health plan membership. This data, as well as the consultant's report showing where the executives fall in relation to the market data, is reviewed by the Committee prior to determining compensation adjustments for the Chief Executive Officer and other executives. The Committee's deliberations in this regard are documented in its meeting minutes.”

“The organization makes its governing documents, conflict of interest policy, Form 990, and audited financial statements available to the general public upon request.”

“The individuals listed in Part VII as board members of the Organization received reportable compensation from the Organization's sole corporate member, Martin's Point Health Care, Inc., in excess of $10,000. Other than the CEO, members were not compensated as employees of the Organization or a related organization during the current tax year. Furthermore, those members did not receive total compensation or other payments exceeding $10,000 during the Organization's tax year from the Organization or related organization for services as an independent contractor other than services rendered as board members. All compensation reported in Part VII for those individuals is reasonable compensation for services provided in their capacity as a member of the governing body.”

“Martin's Point Generations Advantage is a not-for-profit organization serving our community's health care needs with the highest-quality care and coverage. At Martin's Point, everything we do is driven by our mission to improve the health and well-being of our community. As a provider of both health care and coverage, we touch the lives of thousands of our patients and health plan members every day. Through focused efforts in the areas of prevention, care management, access, education, and quality, we are achieving measurable successes in improving the health and well-being of those we serve. PROVIDING MEDICARE ADVANTAGE HEALTH PLANS In 2024, Martin's Point Generations Advantage offered insurance plan across all of Maine and New Hampshire. Our plan members receive comprehensive benefits and quality care. In 2024, Martin's Point Generations Advantage: - Provided Generations Advantage (a portfolio of four (4) Medicare Advantage insurance plans) to over 74,560 members. Generations Advantage was offered in all of Maine and New Hampshire. Our Prime (HMO-POS), Value Plus (HMO), Alliance (HMO), and Select (LPPO) Generations Advantage has been the highest rated plan in Northern New England for multiple years. COMMITTED TO IMPROVING THE HEALTH CARE SYSTEM Martin's Point Generations Advantage is leading the way to improving the health care system in the communities we serve and beyond. We are dedicated to participating in and creating opportunities to share innovative solutions with others towards our common goal of creating a sustainable, quality health care system. Our work is driven by three principles: 1) to improve the experience of care, 2) to improve health outcomes, and 3) to reduce overall costs. To achieve these goals, we are working to make systemic changes to the way health care is delivered and coordinated.”

“All employees are employed by Martin's Point Health Care, Inc. (MPHC), the sole corporate member of the Martin's Point Generations Advantage, Inc. (MPGA). There is a management services agreement between MPHC and MPGA where MPHC employees provide services and functions to MPGA. MPGA reimburses MPHC for services provided at actual costs.”

“Transfers from affiliates 91,500,000. Premium deficiency reserves -35,011,378. Recoveries of prior year bad debts 41,612.”

“Martin's Point Generations Advantage, Inc.'s audit process is conducted with its sole corporate member parent, Martin's Point Health Care, Inc. Accordingly, all oversight is carried out by Martin's Point Health Care, Inc.'s audit review process which has not changed from the prior year.”