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Filing year 2024

BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC

Boston, Massachusetts·EIN 04-3362283·501(c)(4)
Total revenue
$5.9B
Total assets
$3.6B
Total expenses
$6.1B
Reported officers
20
Mission

THE COMPANY OFFERS HEALTH MAINTENANCE ORGANIZATION SERVICES AND SUPPLEMENTARY PROGRAMS FOR THE BENEFIT OF ITS MEMBERS, PROVIDING HOSPITALIZATION, MEDICAL, AND OTHER HEALTH BENEFITS TO MEMBERS THROUGH CONTRACTS WITH HOSPITALS, PHYSICIANS, NURSING FACILITIES, AND OTHER HEALTH CARE PROVIDERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Director, President & CEO
Above 90th percentile
$396k
$422k
Associate Director, Natl Sales
Highest Compensated Employee
75th to 90th percentile
$315k
$336k
Base
$110k
Bonus
$167k
Other
$22k
Benefits
$14k
Associate Director, Natl Sales
Highest Compensated Employee
75th to 90th percentile
$287k
$307k
Base
$118k
Bonus
$129k
Other
$24k
Benefits
$14k
Director, SVP & COO
Median to 75th percentile
$203k
$217k
Director, EVP & Chief Financial Officer
Median to 75th percentile
$147k
$157k
Physician Reviewer
Highest Compensated Employee
10th to 25th percentile
$120k
$128k
Base
$75k
Bonus
$14k
Other
$162
Benefits
$8k
Assistant Treasurer
Median to 75th percentile
$115k
$123k
Base
$81k
Bonus
$15k
Other
$668
Benefits
$7k
Assistant Treasurer
Median to 75th percentile
$115k
$123k
Base
$81k
Bonus
$15k
Other
$600
Benefits
$7k
Associate Medical Director
Highest Compensated Employee
10th to 25th percentile
$114k
$122k
Base
$76k
Bonus
$13k
Other
$381
Benefits
$7k
Physician Reviewer
Highest Compensated Employee
10th to 25th percentile
$107k
$114k
Base
$69k
Bonus
$14k
Other
$178
Benefits
$7k
VP of Treasury and Investments
Vice President
Median to 75th percentile
$46k
$49k
Former SVP & Chief Audit Executive
Executive Vice President
10th to 25th percentile
$42k
$45k
Director, General Counsel and Secretary
Officer (Unspecified)
$34k
$36k
SVP & Chief Actuary
Senior Vice President
Below 10th percentile
$31k
$34k
SVP Chief Risk & Audit Officer
Senior Vice President
Below 10th percentile
$30k
$32k
Vice President & Asst. Clerk
Vice President
25th percentile to median
$25k
$27k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Down 59%
from 2023

From $954k in 2023 to $396k in 2024.

$954k
2023
$396k
2024
In today's dollarsEst.
Down 60% in real terms$1.1M to $422k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 23% from 2023 to 2024, while revenue rose 1%.

$514k in 2023 to $396k in 2024.
  • Highest Compensated Employee pay rose 11% from 2023 to 2024.
  • Chief Operating Officer pay fell 79% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.9B
$5.7B
2023
$5.9B
$6.1B
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC

What does the Chief Executive Officer of BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC earn?

In 2024, the Chief Executive Officer of BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC received $395,807 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC falls in the top 10%.

What are BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC's revenue and expenses?

In 2024, BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC reported $5.9B in total revenue and $6.1B in total expenses on its IRS Form 990.

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