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Filing year 2024

BLUE CROSS BLUE SHIELD OF MASSACHUSETTS HMO BLUE INC

Boston, Massachusetts·EIN 04-3362283·4
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 · Schedule J · 16 reported individuals · Filing year 2024

Director, President & CEO
$396k
$422k
Associate Director, Natl Sales
highest compensated employee
$315k
$336k
Base
$110k
Bonus
$167k
Other
$22k
Benefits
$14k
Associate Director, Natl Sales
highest compensated employee
$287k
$307k
Base
$118k
Bonus
$129k
Other
$24k
Benefits
$14k
Director, SVP & COO
$203k
$217k
Director, EVP & Chief Financial Officer
$147k
$157k
Physician Reviewer
highest compensated employee
$120k
$128k
Base
$75k
Bonus
$14k
Other
$162
Benefits
$8k
Assistant Treasurer
$115k
$123k
Base
$81k
Bonus
$15k
Other
$668
Benefits
$7k
Assistant Treasurer
$115k
$123k
Base
$81k
Bonus
$15k
Other
$600
Benefits
$7k
Associate Medical Director
highest compensated employee
$114k
$122k
Base
$76k
Bonus
$13k
Other
$381
Benefits
$7k
Physician Reviewer
highest compensated employee
$107k
$114k
Base
$69k
Bonus
$14k
Other
$178
Benefits
$7k
VP of Treasury and Investments
vice president
$46k
$49k
Former SVP & Chief Audit Executive
executive vice president
$42k
$45k
Director, General Counsel and Secretary
officer (unspecified)
$34k
$36k
SVP & Chief Actuary
senior vice president
$31k
$34k
SVP Chief Risk & Audit Officer
senior vice president
$30k
$32k
Vice President & Asst. Clerk
vice president
$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.

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.
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