The Hawai’i Medical Service Association (HMSA) reported a 1.6% net operating gain in its third quarter financial report, which was shared with the state Insurance Division today. The gain allows HMSA to continue offering the affordable, high quality plans that have made HMSA the health plan chosen by more Hawaii residents than any other health organization.

“Much of our financial success can be attributed to the excellent physicians, hospitals, and pharmacies in the HMSA network who are keeping our members healthy and to the employer groups who work with us to make sure their employees and families have access to the care they need,” said Gina L. Marting, HMSA senior vice president and chief financial officer. “And with more than 90% of every premium dollar going to the care of our members, Hawaii residents know they’re getting excellent value when they choose HMSA.”

Of HMSA’s $865.3 million in premium revenue for the third quarter, 90.5%, or $783.3 million, was spent on health care services for members and $79.5 million for administrative expenses. HMSA reported an investment gain of $6.3 million.

“It’s this level of financial stability that allows us to further invest in our island community by supporting wide-reaching programs that help us better meet the needs of our members,” said Marting.

About HMSA

Caring for the people of Hawaii is our promise and our privilege. Working together with employers, partners, and physicians and other health care providers, we promote well-being; develop reliable, affordable health plans; and support members with clear, thoughtful guidance.

HMSA is the most experienced health plan in the state, covering more than half of Hawaii’s population. As a recognized leader, we embrace our responsibility to strengthen the health and well-being of our community.

Headquartered on Oahu with centers and offices statewide to serve our members, HMSA is an independent licensee of the Blue Cross and Blue Shield Association.