HEALTHYCT INC

Address
35 THORPE AVENUE NO 104
WALLINGFORD, CT 06492
Contact
Website: http://www.healthyct.org
Phone: +1 (203) 949-1602
Nonprofit
NTEE: Y20 - Insurance Providers, Services
EIN: 45-3366866

Mission

HEALTHYCT'S MISSION IS TO MAKE A UNIQUE, MEANINGFUL CONTRIBUTION TO THE HEALTH AND WELL-BEING OF OUR MEMBERS AND THE COMMUNITIES WE SERVE.
 201620142013
Basic features of the organization
Year of formation2011
Subsection501(c)
Organization typeCorporation
Metropolitan statistical area5483
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$1,026,196.00  
Sum of reportable (W2/1099) compensation$1,989,631.00  
Number of employees79  
Number of people compensated >$100k20  
Number of volunteers14  
Number of highly compensated contractors25  
Personnel
122016, Kenneth
TitleCHIEF EXECUTIVE OFFICER  
Name of key/compensated personKENNETH R LALIMETHRU 122016  
Average hours per week working for org40.00  
Reportable compensation from org$431,969.00  
Breakdown of reportable comp
Base reportable compensation from org$386,596.00  
Bonus and incentive reportable compensation$35,162.00  
Other reportable compensation from org$10,211.00  
Retirement and other deferred compensation$0.00  
Nontaxable benefits from org$42,221.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$42,221.00  
Sum of all compensation from org$474,190.00  
PositionOfficer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Base reportable compensation from related orgs$0.00  
Bonus and incentive reportable comp from related orgs$0.00  
Other reportable compensation from related orgs$0.00  
Retirement and other deferred compensation from related orgs$0.00  
Nontaxable benefits from related orgs$0.00  
Compensation from related orgs previously reported as deferred$0.00  
Sum of all compensation from related orgs$0.00  
Barcley, Joyce
TitleDIRECTOR (THRU OCT. 2016)  
Name of key/compensated personJOYCE M BARCLEY  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Bauer, Matthew
TitleDIRECTOR (THRU OCT. 2016)  
Name of key/compensated personMATTHEW R BAUER  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Corraro, Tracy
TitleVP FINANCIAL OPERATIONS  
Name of key/compensated personTRACY CORRARO  
Average hours per week working for org40.00  
Reportable compensation from org$195,200.00  
Breakdown of reportable comp
Base reportable compensation from org$195,200.00  
Bonus and incentive reportable compensation$0.00  
Other reportable compensation from org$0.00  
Retirement and other deferred compensation$5,489.00  
Nontaxable benefits from org$33,219.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$38,708.00  
Sum of all compensation from org$233,908.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Base reportable compensation from related orgs$0.00  
Bonus and incentive reportable comp from related orgs$0.00  
Other reportable compensation from related orgs$0.00  
Retirement and other deferred compensation from related orgs$0.00  
Nontaxable benefits from related orgs$0.00  
Compensation from related orgs previously reported as deferred$0.00  
Sum of all compensation from related orgs$0.00  
Davaney, Kim
TitleVP PHARMACY  
Name of key/compensated personKIM DAVANEY  
Average hours per week working for org40.00  
Reportable compensation from org$167,078.00  
Breakdown of reportable comp
Base reportable compensation from org$159,578.00  
Bonus and incentive reportable compensation$7,500.00  
Other reportable compensation from org$0.00  
Retirement and other deferred compensation$0.00  
Nontaxable benefits from org$30,066.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$30,066.00  
Sum of all compensation from org$197,144.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Base reportable compensation from related orgs$0.00  
Bonus and incentive reportable comp from related orgs$0.00  
Other reportable compensation from related orgs$0.00  
Retirement and other deferred compensation from related orgs$0.00  
Nontaxable benefits from related orgs$0.00  
Compensation from related orgs previously reported as deferred$0.00  
Sum of all compensation from related orgs$0.00  
Delucia, Alexander
TitleDIRECTOR (THRU OCT. 2016)  
Name of key/compensated personALEXANDER DELUCIA  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Gaynor, Maryann
TitleSENIOR VP OF HEALTHCARE OPERATIONS  
Name of key/compensated personMARYANN H GAYNOR  
Average hours per week working for org40.00  
Reportable compensation from org$247,832.00  
Breakdown of reportable comp
Base reportable compensation from org$242,832.00  
Bonus and incentive reportable compensation$5,000.00  
Other reportable compensation from org$0.00  
Retirement and other deferred compensation$7,005.00  
Nontaxable benefits from org$31,085.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$38,090.00  
Sum of all compensation from org$285,922.00  
PositionKey employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Base reportable compensation from related orgs$0.00  
Bonus and incentive reportable comp from related orgs$0.00  
Other reportable compensation from related orgs$0.00  
Retirement and other deferred compensation from related orgs$0.00  
Nontaxable benefits from related orgs$0.00  
Compensation from related orgs previously reported as deferred$0.00  
Sum of all compensation from related orgs$0.00  
Guillet, Nancie
TitleSALES MANAGER  
Name of key/compensated personNANCIE GUILLET  
Average hours per week working for org40.00  
Reportable compensation from org$173,531.00  
Breakdown of reportable comp
Base reportable compensation from org$156,531.00  
Bonus and incentive reportable compensation$17,000.00  
Other reportable compensation from org$0.00  
Retirement and other deferred compensation$0.00  
Nontaxable benefits from org$26,600.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$26,600.00  
Sum of all compensation from org$200,131.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Base reportable compensation from related orgs$0.00  
Bonus and incentive reportable comp from related orgs$0.00  
Other reportable compensation from related orgs$0.00  
Retirement and other deferred compensation from related orgs$0.00  
Nontaxable benefits from related orgs$0.00  
Compensation from related orgs previously reported as deferred$0.00  
Sum of all compensation from related orgs$0.00  
Holcomb, Dawn
TitleDIRECTOR (THRU OCT. 2016)  
Name of key/compensated personDAWN G HOLCOMB  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Katz, David
TitlePRESIDENT (THRU OCT. 2016)  
Name of key/compensated personDAVID S KATZ  
Average hours per week working for org10.00  
Reportable compensation from org$500.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Latorra, Heather
TitleDIRECTOR (THRU OCT. 2016)  
Name of key/compensated personHEATHER I LATORRA  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Masi, Christopher
TitleCHIEF FINANCIAL OFFICER  
Name of key/compensated personCHRISTOPHER MF MASI  
Average hours per week working for org40.00  
Reportable compensation from org$241,657.00  
Breakdown of reportable comp
Base reportable compensation from org$236,657.00  
Bonus and incentive reportable compensation$5,000.00  
Other reportable compensation from org$0.00  
Retirement and other deferred compensation$6,792.00  
Nontaxable benefits from org$35,107.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$41,899.00  
Sum of all compensation from org$283,556.00  
PositionOfficer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Base reportable compensation from related orgs$0.00  
Bonus and incentive reportable comp from related orgs$0.00  
Other reportable compensation from related orgs$0.00  
Retirement and other deferred compensation from related orgs$0.00  
Nontaxable benefits from related orgs$0.00  
Compensation from related orgs previously reported as deferred$0.00  
Sum of all compensation from related orgs$0.00  
Moalli, Nick
TitleDIRECTOR (THRU OCT. 2016)  
Name of key/compensated personNICK A MOALLI  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Munson, Russell
TitleCHIEF MEDICAL OFFICER  
Name of key/compensated personDR RUSSELL J MUNSON  
Average hours per week working for org40.00  
Reportable compensation from org$314,230.00  
Breakdown of reportable comp
Base reportable compensation from org$309,230.00  
Bonus and incentive reportable compensation$5,000.00  
Other reportable compensation from org$0.00  
Retirement and other deferred compensation$0.00  
Nontaxable benefits from org$31,740.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$31,740.00  
Sum of all compensation from org$345,970.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Base reportable compensation from related orgs$0.00  
Bonus and incentive reportable comp from related orgs$0.00  
Other reportable compensation from related orgs$0.00  
Retirement and other deferred compensation from related orgs$0.00  
Nontaxable benefits from related orgs$0.00  
Compensation from related orgs previously reported as deferred$0.00  
Sum of all compensation from related orgs$0.00  
Salzer, Stephen
TitleTREASURER (THRU OCT. 2016)  
Name of key/compensated personSTEPHEN J SALZER  
Average hours per week working for org4.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Skinner, Ellen
TitleDIRECTOR (THRU OCT. 2016)  
Name of key/compensated personELLEN C SKINNER  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Stirling, James
TitleDIRECTOR (THRU OCT. 2016)  
Name of key/compensated personJAMES B STIRLING  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Vernon, Barbara
TitleVP SALES  
Name of key/compensated personBARBARA VERNON  
Average hours per week working for org40.00  
Reportable compensation from org$217,634.00  
Breakdown of reportable comp
Base reportable compensation from org$217,634.00  
Bonus and incentive reportable compensation$0.00  
Other reportable compensation from org$0.00  
Retirement and other deferred compensation$0.00  
Nontaxable benefits from org$14,250.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$14,250.00  
Sum of all compensation from org$231,884.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Base reportable compensation from related orgs$0.00  
Bonus and incentive reportable comp from related orgs$0.00  
Other reportable compensation from related orgs$0.00  
Retirement and other deferred compensation from related orgs$0.00  
Nontaxable benefits from related orgs$0.00  
Compensation from related orgs previously reported as deferred$0.00  
Sum of all compensation from related orgs$0.00  
Yedlin, Nancy
TitleDIRECTOR (THRU OCT. 2016)  
Name of key/compensated personNANCY C YEDLIN  
Average hours per week working for org2.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Purpose: mission, activities & accomplishments
Mission or significant activitiesTO OPERATE A MEMBER-GOVERNED HEALTH INSURANCE COMPANY  
Programs, including revenue & expenses
HEATHYCT IS A CONSUMER OPERATED AND ORIENTED PLAN (CO-OP) FORMED ON SEPTEMBER 15, 2011. HEALTHYCT WAS FUNDED IN JUNE 2012 UNDER SECTION 1322 OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT ("ACA"). IT IS A NOT-FOR-PROFIT CORPORATION GOVERNED BY A BOARD OF DIRECTORS. WITHIN TWELVE MONTHS OF ISSUING POLICIES, THE ENTITY BECAME A MEMBER-OWNED AND MEMBER-GOVERNED HEALTH INSURANCE COMPANY. HEALTHYCT WAS FORMED TO CREATE AND MANAGE AN AFFORDABLE, ACCESSIBLE AND ACCOUNTABLE CONSUMER-CENTRIC HEALTH COOPERATIVE IN THE STATE OF CONNECTICUT TO CREATE A NEW COMPETITIVE PRESENCE IN THE INSURANCE MARKETPLACE. HEALTHYCT SERVES THE RESIDENTS OF CONNECTICUT THROUGHOUT THE STATE BY PROVIDING HIGH-QUALITY, COST-EFFECTIVE HEALTH INSURANCE PROGRAMS. HEALTHYCT TARGETS INDIVIDUAL AND GROUP BUSINESS USING A VARIETY OF BENEFITS DESIGNED TO PROMOTE ACCESS TO A GROUP OF TARGETED PARTICIPATING PROVIDERS ON APRIL 1, 2013, HEALTHYCT ACQUIRED A LICENSE FROM THE STATE OF CONNECTICUT INSURANCE DEPARTMENT ("THE DEPARTMENT") TO OPERATE AS AN ACCIDENT AND HEALTH INSURANCE COMPANY. IN ADDITION, HEALTHYCT ACQUIRED STATUS AS A QUALIFIED HEALTH PLAN, AND ACCORDINGLY OFFERS A SUITE OF PRODUCTS WITH MANDATED BENEFITS ON THE CONNECTICUT MARKETPLACE EXCHANGE. HEALTHYCT INITIATED OPERATIONS AND STARTED TO SELL HEALTH INSURANCE POLICIES WITH AN EFFECTIVE DATE OF JANUARY 1, 2014.EFFECTIVE JULY 1, 2016, THE DEPARTMENT PLACED HEALTHYCT UNDER AN IMMEDIATE ORDER OF ADMINISTRATIVE SUPERVISION WHICH PROHIBITS IT FROM WRITING NEW BUSINESS OR RENEWING EXISTING BUSINESS IN CONNECTICUT, AND TO RUN-OFF ITS EXISTING BUSINESS IN AN ORDERLY WIND DOWN OF OPERATIONS. THE DEPARTMENT DEEMED THE FINANCIAL HEALTH OF HEALTHYCT AS UNSTABLE, AND THE CONTINUANCE OF ITS BUSINESS HAZARDOUS TO ITS INSUREDS, DUE TO THE MAGNITUDE OF ITS 2015 BENEFIT-YEAR $13.4 MILLION RISK-ADJUSTMENT TRANSFER LIABILITY. AT THE TIME OF THE ORDER OF ADMINISTRATIVE ORDER OF SUPERVISION, THE DEPARTMENT DETERMINED THAT HEALTHYCT IS IN SUCH CONDITION THAT REGULATORY CONTROL OF IT IS APPROPRIATE TO HELP SAFEGUARD ITS FINANCIAL SECURITY, AND IT IS IN THE BEST INTEREST OF ITS POLICYHOLDERS AND CREDITORS THAT HEALTHYCT ADMINISTER THE RUN-OFF ITS EXISTING OPERATIONS.ON NOVEMBER 1, 2016, THE CONNECTICUT SUPERIOR COURT, JUDICIAL DISTRICT OF HARTFORD, ENTERED AN ORDER OF REHABILITATION PLACING HEALTHYCT INTO REHABILITATION AND APPOINTING THE COMMISSIONER OF THE DEPARTMENT, AS REHABILITATOR OF HEALTHYCT. THE COURT ENTERED THE ORDER OF REHABILITATION BECAUSE HEALTHYCT'S FINANCIAL CONDITION WAS SUCH THAT ITS FURTHER TRANSACTION OF BUSINESS WOULD HAVE BEEN HAZARDOUS FINANCIALLY TO ITS POLICYHOLDERS, CREDITORS, OR THE PUBLIC. ACCORDINGLY, HEALTHYCT'S BOARD OF DIRECTORS AND MANAGEMENT AUTHORITY AND CONTROL OF THE BUSINESS PASSED TO THE REHABILITATOR IN CONJUNCTION WITH THE ORDER OF REHABILITATION. DESPITE THE BEST EFFORTS OF THE REHABILITATOR AND THE APPOINTED SPECIAL DEPUTY REHABILITATOR, TO RESTORE HEALTHYCT TO FINANCIAL STABILITY, HEALTHYCT BECAME INSOLVENT AND ITS FINANCIAL CONDITION CONTINUED TO DETERIORATE. ACCORDINGLY, ON DECEMBER 7, 2016, THE REHABILITATOR SOUGHT AN ORDER FROM THE CONNECTICUT SUPERIOR COURT TO LIQUIDATE HEALTHYCT PURSUANT TO SECTIONS 918(A) AND 919 OF THE INSURERS REHABILITATION AND LIQUIDATION ACT, CONN. GEN. STAT. SECTION 38A-903 TO 38A-961 (INCLUSIVE) (THE "CONNECTICUT INSURANCE RECEIVERSHIP ACT"). ON DECEMBER 9, 2016, THE CONNECTICUT SUPERIOR COURT ENTERED AN ORDER OF LIQUIDATION OF HEALTHYCT, EFFECTIVE 11:59 P.M. ON DECEMBER 31, 2016, PURSUANT TO THE CONNECTICUT INSURANCE RECEIVERSHIP ACT. THE LIQUIDATION ORDER APPOINTED THE COMMISSIONER OF THE DEPARTMENT, AND HER SUCCESSORS IN OFFICE, AS LIQUIDATOR, AND A SPECIAL DEPUTY LIQUIDATOR.
Program descriptionHEATHYCT IS A CONSUMER OPERATED AND ORIENTED PLAN (CO-OP) FORMED ON SEPTEMBER 15, 2011. HEALTHYCT WAS FUNDED IN JUNE 2012 UNDER SECTION 1322 OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT ("ACA"). IT IS A NOT-FOR-PROFIT CORPORATION GOVERNED BY A BOARD OF DIRECTORS. WITHIN TWELVE MONTHS OF ISSUING POLICIES, THE ENTITY BECAME A MEMBER-OWNED AND MEMBER-GOVERNED HEALTH INSURANCE COMPANY. HEALTHYCT WAS FORMED TO CREATE AND MANAGE AN AFFORDABLE, ACCESSIBLE AND ACCOUNTABLE CONSUMER-CENTRIC HEALTH COOPERATIVE IN THE STATE OF CONNECTICUT TO CREATE A NEW COMPETITIVE PRESENCE IN THE INSURANCE MARKETPLACE. HEALTHYCT SERVES THE RESIDENTS OF CONNECTICUT THROUGHOUT THE STATE BY PROVIDING HIGH-QUALITY, COST-EFFECTIVE HEALTH INSURANCE PROGRAMS. HEALTHYCT TARGETS INDIVIDUAL AND GROUP BUSINESS USING A VARIETY OF BENEFITS DESIGNED TO PROMOTE ACCESS TO A GROUP OF TARGETED PARTICIPATING PROVIDERS ON APRIL 1, 2013, HEALTHYCT ACQUIRED A LICENSE FROM THE STATE OF CONNECTICUT INSURANCE DEPARTMENT ("THE DEPARTMENT") TO OPERATE AS AN ACCIDENT AND HEALTH INSURANCE COMPANY. IN ADDITION, HEALTHYCT ACQUIRED STATUS AS A QUALIFIED HEALTH PLAN, AND ACCORDINGLY OFFERS A SUITE OF PRODUCTS WITH MANDATED BENEFITS ON THE CONNECTICUT MARKETPLACE EXCHANGE. HEALTHYCT INITIATED OPERATIONS AND STARTED TO SELL HEALTH INSURANCE POLICIES WITH AN EFFECTIVE DATE OF JANUARY 1, 2014.EFFECTIVE JULY 1, 2016, THE DEPARTMENT PLACED HEALTHYCT UNDER AN IMMEDIATE ORDER OF ADMINISTRATIVE SUPERVISION WHICH PROHIBITS IT FROM WRITING NEW BUSINESS OR RENEWING EXISTING BUSINESS IN CONNECTICUT, AND TO RUN-OFF ITS EXISTING BUSINESS IN AN ORDERLY WIND DOWN OF OPERATIONS. THE DEPARTMENT DEEMED THE FINANCIAL HEALTH OF HEALTHYCT AS UNSTABLE, AND THE CONTINUANCE OF ITS BUSINESS HAZARDOUS TO ITS INSUREDS, DUE TO THE MAGNITUDE OF ITS 2015 BENEFIT-YEAR $13.4 MILLION RISK-ADJUSTMENT TRANSFER LIABILITY. AT THE TIME OF THE ORDER OF ADMINISTRATIVE ORDER OF SUPERVISION, THE DEPARTMENT DETERMINED THAT HEALTHYCT IS IN SUCH CONDITION THAT REGULATORY CONTROL OF IT IS APPROPRIATE TO HELP SAFEGUARD ITS FINANCIAL SECURITY, AND IT IS IN THE BEST INTEREST OF ITS POLICYHOLDERS AND CREDITORS THAT HEALTHYCT ADMINISTER THE RUN-OFF ITS EXISTING OPERATIONS.ON NOVEMBER 1, 2016, THE CONNECTICUT SUPERIOR COURT, JUDICIAL DISTRICT OF HARTFORD, ENTERED AN ORDER OF REHABILITATION PLACING HEALTHYCT INTO REHABILITATION AND APPOINTING THE COMMISSIONER OF THE DEPARTMENT, AS REHABILITATOR OF HEALTHYCT. THE COURT ENTERED THE ORDER OF REHABILITATION BECAUSE HEALTHYCT'S FINANCIAL CONDITION WAS SUCH THAT ITS FURTHER TRANSACTION OF BUSINESS WOULD HAVE BEEN HAZARDOUS FINANCIALLY TO ITS POLICYHOLDERS, CREDITORS, OR THE PUBLIC. ACCORDINGLY, HEALTHYCT'S BOARD OF DIRECTORS AND MANAGEMENT AUTHORITY AND CONTROL OF THE BUSINESS PASSED TO THE REHABILITATOR IN CONJUNCTION WITH THE ORDER OF REHABILITATION. DESPITE THE BEST EFFORTS OF THE REHABILITATOR AND THE APPOINTED SPECIAL DEPUTY REHABILITATOR, TO RESTORE HEALTHYCT TO FINANCIAL STABILITY, HEALTHYCT BECAME INSOLVENT AND ITS FINANCIAL CONDITION CONTINUED TO DETERIORATE. ACCORDINGLY, ON DECEMBER 7, 2016, THE REHABILITATOR SOUGHT AN ORDER FROM THE CONNECTICUT SUPERIOR COURT TO LIQUIDATE HEALTHYCT PURSUANT TO SECTIONS 918(A) AND 919 OF THE INSURERS REHABILITATION AND LIQUIDATION ACT, CONN. GEN. STAT. SECTION 38A-903 TO 38A-961 (INCLUSIVE) (THE "CONNECTICUT INSURANCE RECEIVERSHIP ACT"). ON DECEMBER 9, 2016, THE CONNECTICUT SUPERIOR COURT ENTERED AN ORDER OF LIQUIDATION OF HEALTHYCT, EFFECTIVE 11:59 P.M. ON DECEMBER 31, 2016, PURSUANT TO THE CONNECTICUT INSURANCE RECEIVERSHIP ACT. THE LIQUIDATION ORDER APPOINTED THE COMMISSIONER OF THE DEPARTMENT, AND HER SUCCESSORS IN OFFICE, AS LIQUIDATOR, AND A SPECIAL DEPUTY LIQUIDATOR.  
Financial data
Expense categories (totals)
Sum (total functional expenses)$263,048,260.00  
Revenue
Total revenue$245,750,466.00  
Program service revenue (total)$220,240,346.00$22,637,954.00$0.00
Revenue from contributions (total) $0.00$0.00
Investment income$617,077.00  
Total unrelated business revenue$0.00  
Other revenue, current yr$24,893,043.00  
Net unrelated business taxable revenue$0.00  
Total revenue from grants, etc., current yr$0.00  
Gross receipts$298,873,566.00  
Other types of revenue
Miscellaneous revenue (total)$24,893,043.00  
Income from dividends, interest, and similar investments$436,284.00  
Net rental income $0.00$0.00
Fees for services
Legal fees (total)$380,675.00  
Fundraising service fees (total)$0.00  
Investment management fees (total)$86,240.00  
Accounting service fees (total)$472,050.00  
Assets and liabilities
Total assets$24,159,210.00$103,227,672.00$37,035,841.00
Total assets, beginning of year$113,422,074.00  
Total liabilities$35,157,415.00$45,010,720.00$23,383,490.00
Total liabilities, beginning of year$77,294,729.00  
Net assets-$10,998,205.00  
Net assets, beginning of year$36,127,345.00  
Other liabilities$30,084,592.00  
Other assets$26,405.00  
Investments: publicly traded securities$10,103,865.00  
Cash: non-interest bearing, beginning of year$8,090,169.00  
Other financial variables
Revenue less expenses-$17,297,794.00  
Advertising (total)$337,648.00  
Savings & temp cash investment$2,763,816.00  
Accounts receivable, net$11,250,124.00  
Accounts payable & accrued expenses$4,668,354.00  
Deferred revenue$404,469.00  
Total net assets or fund balances-$10,998,205.00  
Depreciation, depletion, amortization$2,304,777.00  
Governance and accountability
Number of voting members0  
Number of independent voting members0  
Tax year start date2016-01-01  
Tax year end date2016-12-31  
Accounting methodOther  
Indicators for schedules (selected)
Business transaction with entity ownerTrue  
Metadata about the filing
E-return type990  
Date e-filing submitted2017-12-27  
IRS schema version2016v3.0  
Filing identifier201723189349305727  
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