TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Inspection
Name of the organization
Martin's Point Generations Advantage
Inc
Inc
Employer identification number
47-4682941
47-4682941
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 4a: | Martin's Point Generations Advantage is a progressive, not-for-profit health care organization, based in Portland, Maine that is dedicated to providing affordable high-quality health care in the communities we serve. At Martin's Point Generations Advantage, our primary goal is to help our members live healthier lives by providing them with the best possible health care experience, offering high-quality health care, and treating our members with warmth and concern. We help our members take an active role in making good health decisions which lead to happier and healthier lives. This work is achieved in two ways: 1. By administering our Medicare Advantage health insurance plan; and 2. By making positive improvements that help transform the health care system in the communities we serve that can also serve as models of improved care beyond our communities, statewide, and nationally. PROVIDING HEALTH PLANS FOR MEMBERS Martin's Point Generations Advantage offers a Medicare Advantage insurance plan across all of Maine and parts of New Hampshire. Our plan members receive comprehensive benefits and quality care, and they consistently give us high ratings for exemplary service and satisfaction. In 2018, Martin's Point Generations Advantage: - Provided Generations Advantage (Medicare Advantage insurance plans) to over 46,000 members. Generations Advantage was offered in all 16 Maine counties, as well as two New Hampshire counties. Our Prime (HMO-POS), Focus DC (HMO-SNP), Value Plus (HMO) and Value (HMO) plan received a 5 star rating from the Centers of Medicare and Medicaid Services (CMS). Generations Advantage has been the highest rated plan in Northern New England for multiple years. At the start of 2019, the Generations Advantage plans were expanded to be offered in all 10 counties in New Hampshire. COMMITTED TO TRANSFORMING THE HEALTH CARE SYSTEM Martin's Point Generations Advantage is leading the way to transforming 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, both in Maine and throughout the nation. 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. |
| Form 990, Part V, Line 2a: | 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. |
| Form 990, Part VI, Section A, line 6 | The sole member of Martin's Point Generations Advantage, Inc. is Martin's Point Health Care, Inc. |
| Form 990, Part VI, Section A, line 7a | 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. |
| Form 990, Part VI, Section A, line 7b | 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. |
| Form 990, Part VI, Section B, line 11b | 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. |
| Form 990, Part VI, Section B, line 12c | 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. |
| Form 990, Part VI, Section B, line 15 | 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. |
| Form 990, Part VI, Section C, line 19 | The organization makes its governing documents, conflict of interest policy, Form 990, and audited financial statements available to the general public upon request. |
| Form 990, Part VI, Line 1b: | 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. |
| Form 990, Part XII, Line 2c: | 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. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018
Additional Data
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