MCMURRAY, Pa., July 28, 2021–(BUSINESS WIRE)–Mark Farrah Associates (MFA), www.markfarrah.com, presents an analysis of the top insurers and employers in the New York City area, gleaned from 5500 Employer Health Plus, a product designed to simplify the analysis of the 5500 series data. Large private-sector employers providing health and welfare benefit plans subject to ERISA are required to file the annual Form 5500 with the Internal Revenue Service. Benefit information found within the 5500 Series filings includes insurer-reported figures such as insured counts, premiums, as well as some employer/sponsor and broker information. The top insurers competing for health insurance market share in New York City include UnitedHealth, Anthem, Cigna and CVS.
Fedcap Rehabilitation Services Inc. was Anthem’s top NYC customer in 2019.
McKinsey & Company, Inc. was the largest customer for Cigna in 2019.
Tata America International Corporation was CVS’s largest customer from 2016 to 2019.
Relx Inc. was the largest customer for UnitedHealth.
About 5500 Employer Health Plus
MFA’s 5500 Employer Health Plus has been designed to simplify the analysis of employer health and welfare benefits including medical, dental, vision, disability and other benefits. This tool uniquely focuses on health and ancillary benefits purchased by private sector employers and the relationships employers have with contracted insurers, administrators and brokers. The user interface allows for both detailed and summary level data retrieval. Data sources include Form 5500 filings and related schedules for plans that have the indication of providing health & welfare benefits.
To read the FREE full text of “A Brief Analysis of Private Sector Health Insurance Business in the New York City Metropolitan Area“, visit the Analysis Briefs library on Mark Farrah Associates’ website.
About Mark Farrah Associates (MFA)
MFA is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Committed to simplifying analysis of health insurance business, our products include: Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer Health Plus. Follow us on LinkedIn!
View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005553/en/
Mark Farrah Associates
Ann Marie Wolfe, [email protected]