Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
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| FORM 990, PART III, LINE 2 | IN 2020, HEALTH NEW ENGLAND DEDICATED $300,000 TOWARDS TWO NEW COMMUNITY BENEFITS FUNDING PROGRAMS: (1) COVID-19 RESPONSE MINI GRANT AND (2) DIVERSITY, EQUITY, INCLUSION, BELONGING (DEIB) MINI GRANT. HEALTH NEW ENGLAND COMMITTED $250,000 IN COVID-19 MINI GRANTS TO PROVIDE FLEXIBLE RESOURCES TO LOCAL NON-PROFIT ORGANIZATIONS THAT SERVE THE MOST VULNERABLE COMMUNITIES IMPACTED BY THE CORONAVIRUS PANDEMIC. IN ADDITION TO THE IMPACT OF COVID-19, HEALTH NEW ENGLAND DEDICATED $50,000 IN DEIB MINI GRANTS TO SUPPORT PROGRAMS THAT ADDRESS RACIAL HEALTH EQUITY AND DISPARITIES AND FOCUS ON AT LEAST ONE SOCIAL DETERMINANT OF HEALTH. HEALTH NEW ENGLAND AWARDED $250,000 IN COVID-19 MINI GRANTS TO OVER 76 NON-PROFIT ORGANIZATIONS. ORGANIZATIONS COULD RECEIVE UP TO $5,000 FOR PROGRAMS AND HEALTH NEW ENGLAND AWARDED AN AVERAGE GRANT AMOUNT OF $3,000. ALL FUNDED PROGRAMS SUPPORTED THE MOST VULNERABLE COMMUNITIES IMPACTED BY THE CORONAVIRUS, AND FOCUSED ON ADDRESSING ADDRESS-HOUSING NEEDS, ACCESS TO HEALTHY FOOD, EDUCATION, CHILDCARE, BEHAVIORAL HEALTH, SUBSTANCE ABUSE, CHRONIC CONDITIONS, PREVENTIVE HEALTH, AND RACIAL HEALTH EQUITIES AND DISPARITIES. DIVERSITY, EQUITY, INCLUSION, BELONGING (DEIB) MINI GRANTS HEALTH NEW ENGLAND AWARDED $50,000 IN DEIB MINI GRANTS TO 18 LOCAL NONPROFIT ORGANIZATIONS THAT SUPPORT PROGRAMS THAT ADDRESS HEALTH DISPARITIES THAT AFFECT RACIAL AND ETHNIC MINORITY GROUPS AND FOCUS ON AT LEAST ONE SOCIAL DETERMINANT OF HEALTH. |
| FORM 990, PART III, LINE 4A: | HEALTH NEW ENGLAND, INC. MAKES HIGH QUALITY, LOW COST HEALTH CARE SERVICES AVAILABLE THROUGH HEALTH PLANS WITHIN A SERVICE AREA THAT COMPRISES MORE POOR, MEDICALLY UNDERSERVED AND RURAL COMMUNITIES THAN ANY OTHER PART OF MASSACHUSETTS. A FEDERAL HEALTH RESOURCES & SERVICES ADMINISTRATION REPORT STATED THAT OF THE 102 MASSACHUSETTS TOWNS DESIGNATED AS MEDICALLY UNDERSERVED, 78 ARE IN THE FOUR COUNTIES THAT HEALTH NEW ENGLAND SERVES. BASED ON THAT STATISTIC, IN ALL, OVER 45% OF HEALTH NEW ENGLAND'S ENROLLEES LIVE IN MEDICALLY UNDERSERVED AREAS. HEALTH NEW ENGLAND'S SERVICE AREA INCLUDES FOUR OF THE FIVE COUNTIES WITH THE HIGHEST PERCENTAGE OF POVERTY AND THE LOWEST PER CAPITA INCOME IN MASSACHUSETTS, BASED ON US CENSUS BUREAU DATA. MANY RESIDENTS IN WESTERN MASSACHUSETTS THUS STRUGGLE WITH POVERTY AND LOW LEVELS OF INCOME. ACROSS THE FOUR COUNTIES OF WESTERN MASSACHUSETTS, 16% OF RESIDENTS LIVE IN POVERTY, AND THE MEDIAN FAMILY INCOME IN THREE OF THE FOUR COUNTIES IS MORE THAN 20% LOWER THAN THAT OF THE STATE. CHILD POVERTY RATES ARE HIGH WITH 23% OF CHILDREN IN THE REGION LIVING IN POVERTY. HAMPDEN COUNTY HAS THE HIGHEST RATES OF POVERTY AND UNEMPLOYMENT IN HEALTH NEW ENGLAND'S SERVICE AREA AND THE LOWEST MEDIAN INCOME. ALSO, LOWER LEVELS OF EDUCATION CONTRIBUTE TO UNEMPLOYMENT AND THE ABILITY TO EARN A LIVABLE WAGE. APPROXIMATELY 12% OF RESIDENTS AGE 25 AND OLDER IN WESTERN MASSACHUSETTS DO NOT HAVE A HIGH SCHOOL DIPLOMA, WITH THE HIGHEST RATES OBSERVED IN HAMPDEN COUNTY (16%). IN THE COMMUNITIES OF SPRINGFIELD, HOLYOKE, CHICOPEE, LUDLOW, WEST SPRINGFIELD, AND PITTSFIELD, OVER 20% OF ELIGIBLE INDIVIDUALS DO NOT HAVE A HIGH SCHOOL DIPLOMA, WHICH IS NEARLY DOUBLE THE STATEWIDE RATE. HEALTH NEW ENGLAND MAKES HEALTH CARE AVAILABLE IN THIS SERVICE AREA AND TO THIS POPULATION BY OFFERING HEALTH PLANS WHICH SERVE THE FOLLOWING: INDIVIDUALS AND SMALL GROUPS: ENROLLEES AT 12/31/2020: 27,352 REVENUE: $156,767,446 PROGRAM EXPENSES: $137,652,031 HEALTH NEW ENGLAND OFFERS HEALTH PLANS TO INDIVIDUALS AND FAMILIES (BOTH DIRECTLY AND THROUGH THE MASSACHUSETTS HEALTH CONNECTOR) AND SMALL EMPLOYER GROUPS (EMPLOYERS WITH 50 OR FEWER EMPLOYEES). HEALTH NEW ENGLAND IS ONE OF THE LEADING SOURCES OF HMO COVERAGE FOR INDIVIDUALS AND SMALL GROUPS IN WESTERN MASSACHUSETTS. MEDICARE: ENROLLEES AT 12/31/2020: 9,277 REVENUE: $103,778,874 PROGRAM EXPENSE: $82,901,775 HEALTH NEW ENGLAND SERVES MEDICARE ENROLLEES THROUGH HEALTH NEW ENGLAND MEDICARE ADVANTAGE PLANS. MEDICAID: ENROLLEES AT 12/31/2020: 43,434 REVENUE: $279,870,737 PROGRAM EXPENSE: $256,946,718 HEALTH NEW ENGLAND PARTICIPATES IN MASSHEALTH, THE MASSACHUSETTS MEDICAID PROGRAM, THROUGH A MEDICAID MANAGED CARE PLAN. THE NUMBER OF HEALTH NEW ENGLAND'S MEDICAID PLAN ENROLLEES HAS GENERALLY INCREASED SINCE 2010 WHEN HEALTH NEW ENGLAND BEGAN OFFERING SUCH PLANS, WITH MORE THAN 66,000 ENROLLEES IN 2016. OTHER INDIVIDUALS AND FAMILIES: ENROLLEES AT 12/31/2020: 36,347 REVENUE: $235,220,824 PROGRAM EXPENSE: $192,294,735 HEALTH NEW ENGLAND ALSO PROVIDES COVERAGE TO INDIVIDUALS AND FAMILIES THROUGH PLANS OFFERED BY EMPLOYERS WHICH HAVE MORE THAN 50 EMPLOYEES. THIS CATEGORY INCLUDES MANY MUNICIPAL EMPLOYEES WHO DO NOT OBTAIN COVERAGE THROUGH THE GIC, AND ALSO INCLUDES MANY EMPLOYEES OF HEALTH CARE AND NONPROFIT ORGANIZATIONS. HEALTH NEW ENGLAND'S COMMUNITY BENEFITS PROGRAM IS INTENDED TO HELP PEOPLE ATTAIN THEIR FULL HEALTH POTENTIAL AND REDUCE BARRIERS THAT CAUSE DISADVANTAGES DUE TO SOCIAL DETERMINANTS OF HEALTH FACTORS THAT ADVERSELY AFFECT THE HEALTH OF THE COMMUNITY. THE PROGRAM SEEKS TO POSITIVELY IMPACT SEVERAL HEALTH PRIORITY AREAS: BUILT ENVIRONMENT (FOOD INSECURITY, HOUSING, TRANSPORTATION); CARE COORDINATION; CHRONIC CONDITIONS; MENTAL HEALTH AND SUBSTANCE USE DISORDER; AND THE NEED FOR INCREASED PHYSICAL ACTIVITY AND A HEALTHY DIET. ADDITIONALLY, THE OVERALL PROGRAM ADDRESSES SEVERAL SOCIAL DETERMINANTS OF HEALTH: LACK OF RESOURCES TO MEET BASIC NEEDS (SAFE NEIGHBORHOODS, POVERTY, AND EMPLOYMENT), EDUCATIONAL ATTAINMENT AND LITERACY, AND INSTITUTIONAL RACISM. IN 2020, HEALTH NEW ENGLAND COMMITTED APPROXIMATELY $640,000 IN INVESTMENTS BACK TO THE COMMUNITY, A $140,000 INCREASE FROM 2019. IN 2020, MAJOR PROGRAM COMPONENTS INCLUDE: -COVID-19 MINI GRANTS, ACCOUNTING FOR 40% OF ALL FUNDING -WHERE HEALTH MATTERS GRANTS, ACCOUNTING FOR 23% OF ALL FUNDING -BAYSTATE HEALTH FOUNDATION ACCOUNTING FOR 16% OF ALL FUNDS -DEIB MINI GRANTS, ACCOUNTING FOR 8% OF ALL FUNDING -PUBLIC HEALTH INSTITUTE OF WESTERN MASSACHUSETTS, ACCOUNTING FOR 8% OF ALL FUNDS -MINI GRANTS OF AWARDS UP TO $5,000, ACCOUNTING FOR 3% OF ALL FUNDS -COMMUNITY SPONSORSHIPS OF AWARDS UP TO $2,500, ACCOUNTING FOR 2% OF ALL FUNDS ALL COMMUNITY BENEFIT AWARD DECISIONS WERE DETERMINED BY THEIR ALIGNMENT WITH THE FOLLOWING HEALTH PRIORITIES, DETERMINANTS OF HEALTH, AND SPECIFIC TARGET POPULATIONS: -THE COMMUNITY BENEFITS PROGRAM SOUGHT TO POSITIVELY IMPACT SPECIFIC HEALTH PRIORITY AREAS: COVID-19, CHRONIC CONDITIONS (ASTHMA, CARDIOVASCULAR DISEASE, CHRONIC OBSTRUCTIVE PULMONARY DISEASE, DIABETES, OBESITY); INFANT AND PERINATAL/MATERNAL HEALTH; AND, MENTAL HEALTH AND SUBSTANCE USE DISORDER. -THE PROGRAM ADDRESSED SEVERAL SOCIAL AND ECONOMIC DETERMINANTS OF HEALTH: FOOD INSECURITIES AND LACK OF BASIC NEEDS (SAFE NEIGHBORHOODS, INSTITUTIONAL RACISM, POOR HOUSING CONDITIONS, EDUCATION). -THE PROGRAM PRIORITIZED THE UNMET NEEDS OF SPECIFIC TARGET POPULATIONS: AT-RISK CHILDREN, YOUTH AND ADOLESCENTS; COMMUNITIES OF COLOR, PARTICULARLY LATINX AND BLACKS; INDIVIDUALS LIVING IN POVERTY OR WITH LOW-INCOME LEVELS; LGBTQ+ INDIVIDUALS; OLDER ADULTS; REFUGEES; AND, VETERANS. ACCORDINGLY, HEALTH NEW ENGLAND HAS AIDED OR WORKED WITH A WIDE VARIETY OF COMMUNITY ORGANIZATIONS TO SUPPORT PROGRAMS FOR HEALTH IMPROVEMENT, SUPPORT FACTORS THAT INFLUENCE OVERALL HEALTH AND BENEFIT THE OVERALL COMMUNITY. COMMUNITY BENEFITS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING ORGANIZATIONS "WHERE HEALTH MATTERS" GRANT PROGRAM - AWARDED A TOTAL OF $350,000 IN GRANTS TO SUPPORT PROGRAMS IN THREE ORGANIZATIONS: 1) NEW NORTH CITIZEN COUNCIL RECEIVED $50,000 FOR "PROJECT COACH" TO IMPROVE HEALTH AND EDUCATIONAL OUTCOMES FOR YOUTH IN SPRINGFIELD BY EMPOWERING TEENS TO SERVE AS MENTORS AND COACHES TO YOUNGER CHILDREN, THEREBY INCREASING OPPORTUNITIES FOR YOUTH TO BE PHYSICALLY ACTIVE AND ENGAGE IN ACTIVITIES PROMOTING HEALTH AND WELLNESS AND IMPROVING SOCIAL COHESION. 2) THE FOOD BANK OF WESTERN MA RECEIVED $150,000 IN FUNDING OVER 3 YEARS TO SUPPORT THE "FOOD INSECURITY SCREENING AND REFERRAL INITIATIVE" THAT SERVES FOOD INSECURE PATIENTS WHO SCREEN POSITIVE FOR FOOD INSECURITY, BUT DO NOT QUALIFY FOR MASSHEALTH FLEXIBLE SERVICES (FS) BECAUSE THEY DO NOT FALL MEET SPECIFIC QUALIFICATIONS. 3) CLINICAL & SUPPORT OPTIONS RECEIVED $150,000 IN FUNDING OVER 3 YEARS TO SUPPORT THE "FRIENDS OF THE HOMELESS CARE COORDINATION SUPPORT" PROGRAM AND ESTABLISH A TRIAGE NURSING SERVICE LOCATED AT THE FRIENDS OF THE HOMELESS (FOH) SHELTER. THE NURSE WILL PROVIDE HEALTH ASSESSMENT, CARE COORDINATION AND TRIAGE OF ACUTE PROBLEMS AS A "SECOND SHIFT" PROGRAM DURING EVENING SHELTER HOURS, WHEN MEDICAL INCIDENTS MOST COMMONLY PRESENT AND THE CO-LOCATED MEDICAL CLINIC IS CLOSED. |
| FORM 990, PART III, LINE 4A CONT.: | -"COVID-19 MINI GRANT" PROGRAM AWARDED A TOTAL OF $250,000 IN GRANTS TO OVER 76 NON-PROFIT ORGANIZATIONS. AMHERST SURVIVAL CENTER - FOOD PANTRY DELIVERY PROGRAM PROVIDES MONTHLY FOOD PANTRY DELIVERY TO ENSURE ACCESS TO HEALTHY FOODS. -BARRINGTON STAGE COMPANY - PLAYWRIGHT MENTORING PROJECT TEACHES UNDERSERVED YOUTH CONFLICT/RESOLUTION SKILLS. -BEHAVIORAL HEALTH NETWORK - BASIC NEED SUPPORT PROVIDES BHN CLIENTS WITH GIFT CARDS FOR GROCERIES AND CLEANING SUPPLIES. -BERKSHIRE COUNTY ARC - PROVIDES COVID-19 PERSONAL PROTECTIVE EQUIPMENT (PPE) SUPPORT. -BERKSHIRE FAMILY YMCA - PROVIDES EMERGENCY CHILDCARE FOR ESSENTIAL WORKERS. -BERKSHIRE HEALTH SYSTEMS - PROVIDES COVID-19 CARE PACKAGES TO HIGH RISK AND VULNERABLE PATIENTS WHO TEST POSITIVE FOR COVID-19 AFTER THEIR DISCHARGE FROM THE EMERGENCY DEPARTMENT. -BFAIR - PROVIDES COVID-19 PPE SUPPORT. -BIG BROTHERS BIG SISTERS OF FRANKLIN COUNTY - YOUTH MENTORING PROGRAM HELPS AT-RISK YOUTH REACH THEIR POTENTIAL THROUGH 1:1 MENTORING -BOYS & GIRLS CLUB FAMILY CENTER - VIRTUAL CLUB PROGRAMMING SUPPORTS VIRTUAL LEARNING 5 DAYS A WEEK. -BOYS & GIRLS CLUB OF CHICOPEE GRAB & GO DINNERS FEEDS MEMBERS DINNER TWICE A WEEK. -BOYS & GIRLS CLUB OF CHICOPEE - WEEKEND WARRIOR FOOD PROGRAM PROVIDES ACCESS TO FOOD DURING THE WEEKEND. -BOYS & GIRLS CLUB OF GREATER HOLYOKE - EXEMPT EMERGENCY CHILDCARE AND FOOD PROGRAM. -CANCER CONNECTION - REMOTE PROGRAMS CONTINUE SUPPORT SERVICES TO THOSE WITH A CANCER DIAGNOSIS. -CENTER FOR NEW AMERICANS - CRITICAL CONNECTIONS FOR IMMIGRANTS HELPS CONNECT IMMIGRANTS TO COMMUNITY SUPPORT SERVICES (FOOD PANTRIES, HEALTH CENTERS, CHILDCARE, AND HOUSING SUPPORT). -CHILDREN'S ADVOCACY CENTER FRANKLIN COUNTY AND NORTH QUABBIN - PROVIDES COVID-19 ESSENTIAL PACKAGES TO ENSURE FAMILIES' BASIC NEEDS ARE MET, SUCH AS FOOD AND GAS CARDS. -CHILDREN'S ADVOCACY CENTER OF HAMPSHIRE COUNTY - PROVIDES COVID-19 ESSENTIAL PACKAGES TO ENSURE FAMILIES' BASIC NEEDS ARE MET, SUCH AS FOOD AND GAS CARDS. -CHRISTINA'S HOUSE - FOOD FOR THOUGHT PROGRAM FAMILIES RECEIVE NUTRITION COUNSELING BASED ON THEIR DIETARY GUIDELINES FOR CHRONIC CONDITIONS. -CLINICAL AND SUPPORT OPTIONS - FRIENDS OF THE HOMELESS PROVIDES COVID-19 ISOLATION TENT SUPPORT. -COLLABORATIVE FOR EDUCATION SERVICES - HEALTHY FOOD PANDEMIC RESPONSE FOCUSES INCREASED ACCESS TO HEALTHY FOOD. -COMMUNITY ACTION PIONEER VALLEY - FOOD PANTRY INCREASES ACCESS TO HEALTHY FOOD. -COMMUNITY LEGAL AID - EVICTION CASE MANAGER HELPS TENANTS NAVIGATE AND CONNECTS THEM WITH SOCIAL SERVICES TO ADDRESS MENTAL HEALTH AND SUBSTANCE USE. -CRIMINAL JUSTICE ORG. OF HAMPDEN COUNTY - YOUTH LEADERSHIP ACADEMY SUMMER CAMP. -EDUCARE SPRINGFIELD - ENRICHMENT BOXES THAT CONTAIN AGE APPROPRIATE MANIPULATIVE MATERIALS (I.E. BOOKS, ART SUPPLIES, SENSORY PROJECTS) ARE DISTRIBUTED. -ELDER SERVICES OF BERKSHIRE COUNTY - MEALS ON WHEELS INCREASES ACCESS TO HEALTHY FOOD. -ELIZABETH FREEMAN CENTER - EMERGENCY RESPONSE PROGRAM PROVIDES SAFETY, HOUSING, FOOD, BASIC NEEDS TO DOMESTIC & SEXUAL VIOLENCE SURVIVORS. -FRIENDS OF AMHERST SENIOR CENTER - OLDER ADULT DIGITAL DIVIDE PROGRAM PROVIDES A TECHNOLOGY LENDING LIBRARY FOR OLDER ADULTS. -GARDENING THE COMMUNITY - ELDER FARM SHARE PROGRAM INCREASES ACCESS TO HEALTHY FOOD. -GIRLS INC. OF THE VALLEY - PROJECT PERIOD PROVIDES MENSTRUAL PRODUCTS AND BASIC HYGIENE PRODUCTS. -GIRLS ON THE RUN WESTERN MA - PROVIDES FINANCIAL SUPPORT FOR AT-RISK GIRLS WHOSE FAMILIES ARE LIVING ON LOW, OR POVERTY LEVEL INCOMES. -GREATER SPRINGFIELD HABITAT FOR HUMANITY - MORTGAGE DELINQUENCY PROGRAM PROVIDES FINANCIAL ASSISTANCE TO FAMILIES IMPACTED BY COVID-19. -GROW FOOD NORTHAMPTON - COMMUNITY FOOD DISTRIBUTION PROJECT INCREASES ACCESS TO HEALTHY FOOD. -HAMPDEN COUNTY BAR FOUNDATION - LEGAL CLINIC PROVIDES FREE ESSENTIAL LEGAL AND LAW-RELATED SERVICES TO RESIDENTS IN NEED. -HAMPSHIRE REGIONAL YMCA - SAVE SUMMER WITH A SAFE SUMMER CHILDREN'S CAMP. -HOLYOKE YMCA - PROVIDES EMERGENCY CHILDCARE FOR ESSENTIAL WORKERS. -INTERNATIONAL LANGUAGE INSTITUTE OF MA - PROVIDES FREE ENGLISH CLASSES FOR IMMIGRANTS AND REFUGEES. -JUNIOR ACHIEVEMENT OF WESTERN MA - JA TOMORROW PROGRAM PROVIDES ONLINE PROGRAMMING FOCUSING ON FINANCIAL LITERACY. -JUST ROOTS - FOOD SECURITY PROGRAM INCREASES ACCESS TO HEALTHY FOOD. -LINK TO LIBRARIES - CHILDREN DIVERSITY BOOKS PURCHASES K-12 BOOKS WRITTEN BY MULTICULTURAL AUTHORS ADDRESSING RACE AND SOCIAL INJUSTICE. -LORRAINE'S SOUP KITCHEN - FOOD PANTRY & BAG GROCERIES PROGRAM INCREASES ACCESS TO HEALTHY FOOD. -MENTAL HEALTH ASSOCIATION - ELDERLY IN RECOVERY PROGRAM SUPPORTS PEOPLE RECOVERING FROM SUBSTANCE USE THAT NEED TO SHELTER AT HOME. -MONTAGUE CATHOLIC SOCIAL MINISTRIES - VIRTUAL SUENOS PROGRAM PROVIDES TABLETS TO WOMEN ENROLLED IN THE CLASS. -NORTHAMPTON SURVIVAL CENTER - EMERGENCY FOOD PANTRY INCREASES ACCESS TO HEALTHY FOOD. -PATHLIGHT - CONNECTIONS PROGRAM HELPS ADDRESS THE DIGITAL DIVIDE AND INCREASES ACCESS IN TECHNOLOGY AND WI-FI. -PROJECT 13/OASIS FOOD PANTRY - OASIS FOOD PANTRY INCREASES ACCESS TO HEALTHY FOOD. -PROVIDENCE MINISTRIES - KATE'S KITCHEN INCREASES ACCESS TO HEALTHY FOOD. -PUBLIC HEALTH INSTITUTE OF WESTERN MA - GO FRESH EMERGENCY FOOD DISTRIBUTION INCREASES ACCESS TO HEALTHY FOOD. -RACHEL'S TABLE - EMERGENCY FOOD INCREASES ACCESS TO HEALTHY FOOD. -REVITALIZE CDC - DOORWAY TO AN ACCESSIBLE, SAFE, AND HEALTHY HOME PROGRAM SUPPORTS EMERGENCY REPAIRS IN HOMES. -RIVER VALLEY COUNSELING CENTER - TELEHEALTH PROGRAM HELPS ADDRESS THE DIGITAL DIVIDE AND INCREASE ACCESS IN TECHNOLOGY AND WI-FI. -RIVERMILLS SENIOR CENTER - DINNERS TO GO INCREASES ACCESS TO HEALTHY FOOD. -RONALD MCDONALD HOUSE OF SPRINGFIELD MA - COVID-19 ESSENTIAL ITEMS PROVIDES HOUSING, BASIC NEEDS AND FOOD TO FAMILIES STAYING AT THE RONALD MCDONALD HOUSE. -ROOTS RISING - VIRTUAL FAMERS MARKET INCREASES ACCESS TO HEALTHY FOOD. -SPRINGFIELD FOOD POLICY COUNCIL - URBAN GROWING/HEALTHY PRODUCE ACCESS PROVIDING SUPPORT AND ACCESS TO INSTALL BACKYARD GARDENS. -SPRINGFIELD JEWISH COMMUNITY CENTER - KEHILLAH SPECIAL NEEDS PROGRAM SUPPORTS CHILDREN AND ADULTS WITH DISABILITIES. -SQUARE ONE - FAMILY SUPPORT SERVICE PROGRAM SUPPORTS THE IMMEDIATE NEEDS OF FAMILIES FOR SUPPLIES OF DIAPERS, WIPES, FORMULA, FOOD AND CLOTHING. -SQUARE ONE - DIAPER BANK PROVIDES FREE DIAPERS AND WIPES TO FAMILIES WITH YOUNG CHILDREN. -SUNSHINE VILLAGE - DAY HAB SAFEGUARDS PURCHASES "SNEEZE GUARDS" TO HELP KEEP STUDENTS SAFE WHEN IN-PERSON CLASSES START. -THE BRIEN CENTER - SDOH PROGRAM PROVIDES PATIENTS WITH GIFT CARDS FOR GAS, FOOD, AND HELPS PATIENTS ATTAIN MASSACHUSETTS STATE ISSUED ID CARDS. -THE CARE CENTER - COVID RELIEF PROVIDES BASIC ESSENTIALS FOR YOUNG ISOLATED MOTHERS. -THE FOOD BANK OF WESTERN MA - EMERGENCY FOOD ACCESS INCREASES ACCESS TO HEALTHY FOOD. -THE GRAY HOUSE - THE MARKET PROGRAM INCREASES ACCESS TO HEALTHY FOOD. -THE HARTSBROOK SCHOOL - AGENCY, COMMUNITY, TERRA AND SOCIAL JUSTICE PROGRAM BRINGS PRODUCE TO AREA FOOD BANKS IN NORTHAMPTON, AMHERST, AND GARDENING THE COMMUNITY. -UCP OF WESTERN MA - ASSISTIVE TECHNOLOGY FOR STUDENTS WITH DISABILITIES PROGRAM ADDRESSES THE DIGITAL DIVIDE. -UMASS MEDICAL SCHOOL - RESOURCE PARENT CURRICULUM PROGRAM PROVIDES VIRTUAL TRAINING FOR FOSTER PARENTS. -UNITED WAY OF FRANKLIN COUNTY - DIAPER BANK PROVIDES FREE DIAPERS AND WIPES TO FAMILIES WITH YOUNG CHILDREN. -UNITED WAY OF PIONEER VALLEY - FINANCIAL COACHING PROGRAM WORKS WITH PEOPLE RECENTLY UNEMPLOYED WHO ARE LOW TO MODERATE INCOME. -URBAN LEAGUE OF SPRINGFIELD - GRANDPARENTS TAKING CARE GRANDS PROGRAM PROVIDES SDOH SERVICES TO SENIORS WHO SUPPORT THEIR GRANDCHILDREN AND ARE THEIR SOLE SUPPORTERS. -VALLEY EYE RADIO - ACCESSIBLE COVID-19 10 BROADCASTING EXPANSION PROGRAM PROVIDES REGULAR BROADCASTING TO PEOPLE WHO CANNOT READ INDEPENDENTLY. -VALLEY HEALTH SYSTEMS / HOLYOKE MEDICAL CENTER - COMMUNITY BASED TELEHEALTH CARE SPONSORED A TELEHEALTH BOOTH IN THE COMMUNITY. -VILLAGE NEIGHBORS - PANDEMIC MEMBER OUTREACH PROJECT PROVIDED CARE PACKAGES INCLUDING PPE. -VOLUNTEERS IN MEDICINE BERKSHIRES - SDOH PROGRAM PROVIDES VULNERABLE PATIENTS WITH ESSENTIAL SUPPLIES (FOOD AND GAS CARDS, PPE, CLOTHES, PAYING BILLS). -WELLSPRING COOPERATIVE CORPORATION - FOOD ACCESS WINTER MOBILE MARKET INCREASES ACCESS TO HEALTHY FOOD. -WHEELHOUSE FARM LLC - ESSENTIAL MEAL PROJECT INCREASES ACCESS TO HEALTHY FOOD. -WOMANSHELTER COMPANERAS - EMERGENCY CRISIS HOTLINE SPONSORS ADDITIONAL DOMESTIC VIOLENCE ADVOCATES TO SUPPORT THE CRISIS SUPPORT CALLS. -YMCA OF GREATER SPRINGFIELD - EMERGENCY CHILDCARE SERVICES PROVIDES CHILDCARE TO ESSENTIAL WORKERS. -SAFE PASSAGE, SUPPORT AND ADVOCACY SERVICES FOR WOMEN AND CHILDREN. |
| FORM 990, PART III, LINE 4A CONT.: | HEALTH NEW ENGLAND ALSO SUPPORTS THE BAYSTATE RAPID ACCESS PEDIATRIC MENTAL HEALTH EVALUATION AND MANAGEMENT SERVICE PROGRAM (RAPMH) THROUGH THE BAYSTATE HEALTH FOUNDATION. THE PROGRAM SEEKS TO DEVELOP AN ENHANCED MULTI-DISCIPLINARY SERVICE TO HELP INCREASE THE TIMELY AVAILABILITY AND IMPROVE THE QUALITY OF CARE OF BEHAVIORAL HEALTH SERVICES PROVIDED TO YOUTH AND THEIR FAMILIES RECEIVING CARE IN THE PEDIATRIC EMERGENCY DEPARTMENT (PEDI ED) OR ON THE MEDICAL SERVICES OF THE BAYSTATE CHILDREN'S' HOSPITAL (BCH). . HEALTH NEW ENGLAND HAS ALSO TRADITIONALLY SUPPORTED OTHER ACTIVITIES AND INITIATIVES OF ITS PARENT, BAYSTATE HEALTH. HEALTH NEW ENGLAND HAS PARTICIPATED IN SEVERAL JOINTLY-SPONSORED MULTI-YEAR COMMITMENTS WITH THE FOLLOWING ORGANIZATIONS. - NATIONAL CONFERENCE OF COMMUNITY AND JUSTICE - GREATER SPRINGFIELD CHAPTER, URBAN LEAGUE - BAYSTATE HEALTH DEPARTMENT OF PSYCHIATRY EDUCATIONAL FUNDING - SPRINGFIELD HEALTH AND HUMAN SERVICES ANNUAL COMMUNITY BABY SHOWER - GREATER SPRINGFIELD DIAPER BANK - SAFE PASSAGE HOT CHOCOLATE RUN, PROVIDES A VARIETY OF SUPPORT AND ADVOCACY SERVICES FOR WOMEN AND CHILDREN WHO HAVE EXPERIENCED DOMESTIC VIOLENCE. THE HOT CHOCOLATE RUN IS THE MAJOR FUNDRAISER FOR THIS ORGANIZATION. HEALTH NEW ENGLAND HAS A LONG HISTORY OF SUPPORTING COMMUNITY HEALTH EDUCATION PROGRAMS AND INITIATIVES WITHIN OUR SERVICE AREA EITHER THROUGH THE PROVISION OF FUNDING AND/OR DIRECT DELIVERY. FOLLOWING ARE HIGHLIGHTS OF SUCH EDUCATIONAL PROGRAM OFFERINGS SUPPORTED BY HEALTH NEW ENGLAND: - THE PUBLIC HEALTH INSTITUTE OF WESTERN MASSACHUSETTS: THE PUBLIC HEALTH INSTITUTE OF WESTERN MASSACHUSETTS (PHIWM)) IS A NONPROFIT ORGANIZATION COMMITTED TO IMPROVING THE PUBLIC'S HEALTH BY EDUCATING COMMUNITY PARTNERS, FOSTERING INNOVATION, LEVERAGING RESOURCES, AND BUILDING PARTNERSHIPS ACROSS SECTORS, INCLUDING GOVERNMENT AGENCIES, COMMUNITIES, THE HEALTH CARE DELIVERY SYSTEM, MEDIA, AND ACADEMIA. PHI USES A COLLABORATIVE PROGRAMMING APPROACH TO SOLVE PRESSING COMMUNITY HEALTH ISSUES. - PIONEER VALLEY ASTHMA COALITION: A COMMUNITY PARTNERSHIP THAT WORKS TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS, FAMILIES AND COMMUNITIES AFFECTED BY ASTHMA. THE PVAC WAS FORMED TO ADDRESS ASTHMA FROM A COMMUNITY, HOLISTIC PERSPECTIVE, BRINGING TOGETHER A VARIETY OF GROUPS TO ADDRESS THE MANY FACTORS THAT IMPACT ASTHMA, INCLUDING: HEALTHCARE ORGANIZATIONS (E.G. BAYSTATE HEALTH), HEALTH PLANS, LOCAL AND STATE PUBLIC HEALTH AGENCIES (E.G. SPRINGFIELD HEALTH AND HUMAN SERVICES), HOUSING ORGANIZATIONS, COMMUNITY AGENCIES, ACADEMIC INSTITUTIONS, COMMUNITY MEMBERS, AND A VARIETY OF OTHER TYPES OF ORGANIZATIONS WITHIN THE COMMUNITY. - SENIOR POPULATION EDUCATION EVENTS: HEALTH NEW ENGLAND ADDRESSED MORE THAN 2,000 MEDICARE ELIGIBLE INDIVIDUALS LECTURE STYLE EVENTS ON TOPICS INCLUDING: REDUCING YOUR RISK OF FALLING, INCONTINENCE WHEN LAUGHING IS NO LONGER FUNNY, WEIGHT LOSS, WHAT'S YOUR TYPE DIABETES, WHAT YOU NEED TO KNOW ABOUT YOUR LUNGS, AND THE HEALTH NEW ENGLAND ANNUAL HEALTH AND WELLNESS FAIR. HEALTH NEW ENGLAND ALSO PARTICIPATED IN SEVERAL REGIONAL COMMUNITY HEALTH AND WELLNESS FAIRS, OFFERING BONE DENSITY SCREENING IN THE FOLLOWING TOWNS: GREENFIELD, WILLIAMSTOWN, PITTSFIELD, SHEFFIELD, ADAMS, AND HINSDALE. HEALTH NEW ENGLAND HAS ALSO WORKED WITH PARTNER AGENCIES AND ORGANIZATIONS IN SUPPORT OF PROGRAMS RELATED TO CHRONIC DISEASE MANAGEMENT, INCLUDING: - DIABETES PROGRAMMING AND SUPPORT : DIABETES EDUCATION AT BRIGHTWOOD HEALTH CENTER DIABETES EDUCATION CENTER, MERCY MEDICAL CENTER, RIVERBEND MEDICAL GROUP "GET INFORMED ABOUT DIABETES AND WESTERN MASSACHUSETTS DIETETIC ASSOCIATION - CANCER EDUCATION AND SUPPORT: CANCER CONNECTION, RAYS OF HOPE OUTREACH, MERCY MEDICAL SISTER CARITAS CANCER CENTER, CANCER HOUSE OF HOPE, BAYSTATE CANCER CENTER - HEART DISEASE: AMERICAN HEART ASSOCIATION GET TO GOAL CAMPAIGN, AMERICAN HEART ASSOCIATION HEART WALK, GO RED FOR WOMEN, LA ESPERANZA LATINA HEALTH FAIR, CHICOPEE CHAMBER OF COMMERCE HEALTH FAIR - NUTRITION AND ANTI-OBESITY OUTREACH: BOYS AND GIRLS CLUBS NUTRITION COUNSELING AND HEALTHY WEIGHT CLINICS, AMHERST SURVIVAL CENTER EMPTY BOWLS AWARENESS AND FUNDRAISING EVENT, GARDENING THE COMMUNITY, MASON SQUARE AND BRIGHTWOOD FARMERS MARKETS, AND FOOD BANK OF WESTERN MASSACHUSETTS - SENIOR WELLNESS: AREA SENIOR CENTERS, BAYSTATE HEALTH SENIOR CLASS PROGRAMMING FRANKLIN COUNTY HOME CARE, AND TOWN OF ADAMS COUNCIL ON AGING HEALTH NEW ENGLAND ALSO CONDUCTS COMMUNITY BENEFIT ACTIVITIES OUTSIDE OF THE PROGRAMS DESCRIBED ABOVE. HEALTH NEW ENGLAND HAS USED ITS AGREEMENTS WITH HEALTH CARE PROVIDERS TO PROMOTE QUALITY IMPROVEMENT ACTIVITIES AND TO FINANCE IMPROVED COORDINATION OF HEALTH CARE FOR INDIVIDUALS WITH SEVERE OR CHRONIC DISEASES. |
| FORM 990, PART VI, SECTION A, LINE 2 | TWO OR MORE OF THE PERSONS LISTED IN THIS FORM 990, PART VII HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BY VIRTUE OF SITTING ON ONE OR MORE BOARDS OF DIRECTORS/TRUSTEES OR BY SERVING IN AN EMPLOYMENT RELATIONSHIP WITH ONE OR MORE ENTITIES WITHIN THE NETWORK OF AFFILIATED ORGANIZATIONS. |
| FORM 990, PART VI, SECTION A, LINE 3 | DURING THE PERIOD COVERED BY THIS FILING, HEALTH NEW ENGLAND INC. ENGAGED MEDWISE CONSULTING PARTNERS ("MEDWISE") AS A MANAGEMENT COMPANY, FOR INTERIM CFO SERVICES ALONG WITH VARIOUS OTHER CONSULTING SERVICES. RICHARD SWIFT WAS EMPLOYED BY, AND, LIKEWISE, MICHAEL FASO AND OTHERS WERE ENGAGED BY, MEDWISE TO SERVE HEALTH NEW ENGLAND, INC. FOR THE PERIOD JANUARY 1, 2020 THROUGH SEPTEMBER 30, 2020 AND HEALTH NEW ENGLAND TERMINATED ITS RELATIONSHIP WITH MEDWISE ONCE RICHARD SWIFT WAS APPOINTED CHIEF EXECUTIVE OFFICER AS OF OCTOBER 1, 2020. DURING THIS PERIOD, MEDWISE WAS PAID A TOTAL OF $1,038,639 FOR ITS MANAGEMENT AND CONSULTING SERVICES PROVIDED TO HEALTH NEW ENGLAND INC. IN ADDITION, HEALTH NEW ENGLAND ENGAGED GINLILL, LLC FOR MICHAEL FASO TO PROVIDE INTERIM CFO SERVICES BEGINNING OCTOBER 1, 2020 AND HNE PAID $120,000 DURING THIS PERIOD. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION CHANGED THE BYLAWS TO INCREASE THE NUMBER OF EX-OFFICIO MEMBERS FROM 4 TO 5." |
| FORM 990, PART VI, SECTION A, LINE 6 | AS A MASSACHUSETTS NONPROFIT ORGANIZATION, HEALTH NEW ENGLAND, INC. HAS NO STOCKHOLDERS AND ONE LEGAL MEMBER - BAYSTATE HEALTH, INC. HEALTH NEW ENGLAND, INC. REFERS TO ITS ENROLLEES AS "MEMBERS", BUT HEALTH NEW ENGLAND, INC.'S ORGANIZATIONAL DOCUMENTS AND BY LAWS GIVE ENROLLEES NO ORGANIZATIONAL MEMBERSHIP STATUS FROM A LEGAL PERSPECTIVE. |
| FORM 990, PART VI, SECTION A, LINE 7A | BAYSTATE HEALTH, INC. IS THE SOLE MEMBER OF HEALTH NEW ENGLAND, INC. CONSEQUENTLY, BAYSTATE HEALTH HAS FINAL AUTHORITY ON ALL APPOINTMENTS AND ELECTIONS TO THE HEALTH NEW ENGLAND, INC BOARD. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FUNCTIONS OF A NOMINATING COMMITTEE ARE CARRIED OUT BY THE GOVERNANCE COMMITTEE OF BAYSTATE HEALTH AND THE BAYSTATE HEALTH AUDIT AND COMPLIANCE COMMITTEE HAS FULL AUDIT OVERSIGHT DUTIES AND RESPONSIBILITIES FOR HEALTH NEW ENGLAND, INC. |
| FORM 990, PART VI, SECTION B, LINE 11B | PRIOR TO THE FILING OF THIS RETURN APPROPRIATE PARTS OF THIS FORM 990 WERE REVIEWED BY REPRESENTATIVES FROM THE FINANCE AND LEGAL DEPARTMENTS OF HEALTH NEW ENGLAND, INC., SOME OF WHOM ARE OFFICERS OF THE FILING ORGANIZATION. THE ENTIRE RETURN WAS PREPARED BY A TAX EXPERT FROM AN OUTSIDE ACCOUNTING FIRM. THE ENTIRE RETURN WAS SENT OUT TO THE BOARD OF DIRECTORS AND OFFICERS OF HEALTH NEW ENGLAND, INC. FOR COMMENT AND REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | HEALTH NEW ENGLAND, INC. HAS A COMPREHENSIVE CONFLICT OF INTEREST POLICY. ALL DIRECTORS, OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES OF HEALTH NEW ENGLAND AND ITS AFFILIATES ARE ASKED TO COMPLETE AN ANNUAL "CONFLICT OF INTEREST" FORM. WE USE AN ELECTRONIC DATABASE TO RECEIVE AND MANAGE ALL CONFLICT OF INTEREST SUBMISSIONS. THIS INFORMATION IS REVIEWED BY THE HEALTH NEW ENGLAND DIRECTOR OF COMPLIANCE AND THE HEALTH NEW ENGLAND LEGAL DEPARTMENT. POTENTIAL CONFLICT OF INTEREST TRANSACTIONS ARE REVIEWED AS APPROPRIATE UNDER THE POLICY, WHICH PROVIDES FOR RECUSAL FROM DISCUSSION AND DELIBERATION BY ANY PARTY WITH A POTENTIAL CONFLICT OF INTEREST. HEALTH NEW ENGLAND EMPLOYEES ALSO SIGN AN ANNUAL STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY; AND (C) HAS AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | HEALTH NEW ENGLAND, INC. (HNE) HAS ADOPTED THE COMPENSATION REVIEW AND APPROVAL POLICY AND PROCEDURES OF ITS PARENT AND SOLE MEMBER, BAYSTATE HEALTH INC. ACCORDINGLY, THE COMPENSATION OF THE PRESIDENT AND CEO OF HNE IS REVIEWED AND DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF HEALTH NEW ENGLAND, INC. THIS COMMITTEE IS COMPOSED OF A MAJORITY OF INDEPENDENT INDIVIDUALS NOT COMPENSATED BY BAYSTATE HEALTH, AND A NUMBER OF BAYSTATE HEALTH EXECUTIVES. THE INDIVIDUALS RESPONSIBLE FOR DELIBERATING THE COMPENSATION ARRANGEMENT FOR THE PRESIDENT AND CEO WOULD BE THOSE INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AND WOULD BE CONSIDERED INDEPENDENT FOR COMPENSATION DELIBERATION PURPOSES. THE COMPENSATION OF THE PRESIDENT AND CEO IS ESTABLISHED BASED ON INFORMATION PROVIDED BY INDEPENDENT THIRD-PARTY CONSULTANTS FOR REASONABLENESS AND APPROPRIATE COMPARABILITY DATA. THE COMPENSATION IS THEN ESTABLISHED, REVIEWED AND APPROVED BY THE DULY AUTHORIZED COMPENSATION COMMITTEE OF HEALTH NEW ENGLAND, INC. SIMILARLY, THE COMPENSATION OF THE EXECUTIVE LEADERSHIP TEAM, AS DETERMINED BY HNE, IS REVIEWED, AND DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF HEALTH NEW ENGLAND, INC. THIS COMMITTEE CONSISTS OF A MAJORITY OF INDEPENDENT MEMBERS AND A MINORITY OF BAYSTATE HEALTH EXECUTIVES SERVING ON THE BOARD OF HEALTH NEW ENGLAND, INC. THE INDIVIDUALS RESPONSIBLE FOR DELIBERATING THE COMPENSATION ARRANGEMENT FOR THE EXECUTIVE LEADERSHIP TEAM WOULD BE THOSE INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AND WOULD BE CONSIDERED INDEPENDENT FOR COMPENSATION DELIBERATION PURPOSES. THE COMPENSATION OF THE EXECUTIVE LEADERSHIP TEAM IS ESTABLISHED BASED ON INFORMATION PROVIDED BY INDEPENDENT THIRD PARTY CONSULTANTS FOR REASONABLENESS AND APPROPRIATE COMPARABILITY DATA. THE COMPENSATION IS THEN ESTABLISHED, REVIEWED AND APPROVED BY THE DULY AUTHORIZED COMPENSATION COMMITTEE OF BAYSTATE HEALTH, INC. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABLE UPON REQUEST AND AT MANAGEMENT'S DISCRETION |
| FORM 990, PART XI, LINE 9: | CHANGE IN NON ADMITTED ASSETS 430,611. |
| FORM 990, PART XII, LINE 1: | THE AUDITED FINANCIAL STATEMENTS ARE BASED ON INSURANCE STATUTORY ACCOUNTING PRINCIPLES (SAP) PROMULGATED BY THE ACCOUNTING PRACTICES AND PROCEDURES TASK FORCE UNDER THE AUSPICES OF THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC). THIS FORM OF ACCOUNTING IS TYPICALLY LOOKED UPON AS MORE CONSERVATIVE THAN ACCRUAL ACCOUNTING WITHOUT QUITE BEING CASH BASIS. THE ACCOMPANYING STATUTORY BASIS FINANCIAL STATEMENTS HAVE BEEN PREPARED IN ACCORDANCE WITH NAIC STATEMENTS OF STATUTORY ACCOUNTING PRINCIPLES (SSAP) AND IN ACCORDANCE WITH STATUTORY ACCOUNTING PRACTICES (SAP) PRESCRIBED BY THE STATE OF MASSACHUSETTS, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). SUCH PRACTICES VARY FROM GAAP PRINCIPALLY AS FOLLOWS: INVESTMENTS - FOR STATUTORY, INVESTMENTS IN BONDS ARE REPORTED AT AMORTIZED COST OR FAIR VALUE BASED ON THEIR NAIC RATING. FOR GAAP PURPOSES, SUCH FIXED MATURITY INVESTMENTS WOULD BE DESIGNATED AT PURCHASE AS HELD-TO-MATURITY TRADING OR AVAILABLE FOR SALE. HELD-TO-MATURITY FIXED INVESTMENTS WOULD BE REPORTED AT AMORTIZED COST AND THE REMAINING FIXED MATURITY INVESTMENTS WOULD BE REPORTED AT FAIR VALUE. FOR STATUTORY PURPOSES, UNREALIZED GAINS AND LOSSES ON INVESTMENTS ARE EXCLUDED FROM NET INCOME AND REPORTED AS AN INCREASE OR DECREASE IN CAPITAL AND SURPLUS. DECREASES IN FAIR VALUE THAT ARE DETERMINED BY MANAGEMENT TO BE OTHER THAN TEMPORARY ARE REPORTED AS REALIZED LOSSES. THE ORGANIZATION HAS ELECTED THE FAIR VALUE OPTION FOR CERTAIN OF ITS INVESTMENTS. ALL SINGLE CLASS AND MULTI CLASS MORTGAGE BACKED/ASSET BACKED SECURITIES (E.G. CMOS) ARE ADJUSTED FOR THE EFFECTS OF CHANGES IN PREPAYMENT ASSUMPTIONS ON THE RELATED ACCRETION OF DISCOUNT OR AMORTIZATION OF PREMIUM OF SUCH SECURITIES USING PROSPECTIVE METHOD. IF IT IS DETERMINED THAT A DECLINE IN FAIR VALUE IS OTHER THAN TEMPORARY, THE COST BASIS OF THE SECURITY IS WRITTEN DOWN TO THE PRESENT VALUE OF ESTIMATED FUTURE CASH FLOWS USING THE ORIGINAL EFFECTIVE INTEREST RATE INHERENT IN THE SECURITY. NON ADMITTED ASSETS - CERTAIN ASSETS ARE DESIGNATED AS NON- ADMITTED. THESE ASSETS (WHICH ARE PRINCIPALLY ELECTRONIC DATA PROCESSING EQUIPMENT, PREPAID ITEMS, CERTAIN HEALTH RECEIVABLES, RECEIVABLES OVER 90 DAYS PAST DUE AND NON-AUDITED EQUITY VALUE OF SUBSIDIARIES) ARE EXCLUDED FROM THE ACCOMPANYING STATEMENTS OF ADMITTED ASSETS, LIABILITIES AND CAPITAL AND SURPLUS. THESE ITEMS ARE CHARGED DIRECTLY TO UNASSIGNED SURPLUS. UNDER GAAP, SUCH ASSETS ARE INCLUDED IN THE BALANCE SHEET, TO THE EXTENT THEY ARE NOT IMPAIRED. SURPLUS NOTES-GAAP CLASSIFIES SURPLUS NOTES IN LIABILITIES, WHEREAS NAIC SAP CLASSIFIES THEM IN STATUTORY NET WORTH. |
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