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Excellus Blue Cross Blue Shield
Excellus Blue Cross Blue Shield traces its plan to 1957 as a non-contributory defined benefit vehicle covering retirement and death benefits for staff of...
Excellus Blue Cross Blue Shield
Excellus Blue Cross Blue Shield traces its plan to 1957 as a non-contributory defined benefit vehicle covering retirement and death benefits for staff of Excellus Health Plan, Inc. The plan operates from Rochester with regional offices in Syracuse, Utica, and Binghamton. The plan allocates to public equities and fixed income. Confirmed holdings include a long equity position in ESCO Technologies Inc. The organization maintains 100 percent ownership of Univera Healthcare, MedAmerica, Lifetime Benefit Solutions, and Upstate Administrative Services through The Lifetime Healthcare Companies. Geographic focus remains New York State. The firm employs BNY Mellon as custodian, Bond Schoeneck & King as legal counsel, PwC as auditor, and CBIZ Retirement Plan Services as investment advisor. It sponsors the Health Equity Innovation Awards in Rochester. In 2024 it advanced a proposed merger with Capital District Physicians Health Plan. The structure ties the pension plan directly to the operating insurance company and its parent, The Lifetime Healthcare Companies, with the Excellus BlueCross BlueShield Foundation handling separate philanthropic grants focused on health equity.
General information
Firm type
Insurance
Year founded
1957
AUM
787 (Altss estimate)
Location
Region
North America
Country
United States
City
Rochester
Corporate office
165 Court Street, Rochester, NY 14647, United States
Additional offices
Syracuse, NY, United States · Utica, NY, United States · Binghamton, NY, United States
Principals
Jim Reed
President and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Excellus Blue Cross Blue Shield?
Jim Reed serves as President and CEO. Investment advisor duties fall to CBIZ Retirement Plan Services.
What is the relationship between Excellus Blue Cross Blue Shield and The Lifetime Healthcare Companies?
The Lifetime Healthcare Companies acts as parent to Excellus Blue Cross Blue Shield and its subsidiaries.
Does Excellus Blue Cross Blue Shield participate in fund commitments or direct investments?
The defined benefit plan holds public equities and bonds. No fund commitments are disclosed in available records.
Where does the underlying wealth for the Excellus plan originate?
The plan is a non-contributory defined benefit plan funded by Excellus Health Plan, Inc. and affiliated employers.
What philanthropic structures does Excellus Blue Cross Blue Shield maintain?
The Excellus BlueCross BlueShield Foundation directs grants toward health equity and community health programs in Upstate New York.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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