#101 of 500 · Health Plan / Insurer

Medica Health Plans

EIN 41-1242261 · MN · NTEE n/a · Form 990, fiscal 2023

A not-for-profit health plan headquartered in Minnetonka, Minnesota. Founded in 1975, it provides health insurance coverage in the employer, individual, Medicaid, Medicare, and Medicare Part D markets in Minnesota and select counties in surrounding states including North Dakota, South Dakota, Iowa, and Wisconsin. Serving roughly 1.5 million members, it also operates the Medica Foundation, a charitable grantmaking arm supporting community health programs.

Financials, fiscal 2023

Revenue

$1.45B

Expenses

$1.43B

Total assets

$925.5M

Net assets

$653.2M

Operating margin

1.9%

1-year growth

10.1%

5-year growth (CAGR)

1.3%

Reserve (years of spending)

5.5

Contributions share

n/a

Programme spending

98.9%

Fundraising cost

n/a

Executive pay share

0.00%

Employees

15

Revenue per employee

$96.9M

Grants paid

$3.5M

Years filing

48

NFP Health Score: 78 / 100

Financial 61 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To be the trusted health plan of choice for customers, members, partners and our employees.

Revenue history