Title: Pass-through programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the federal program activity administered by Health Insurance Plan of Greater New York, a subsidiary of EmblemHealth, Inc., for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”).
Expenditures reported in the Schedule are reported on the accrual basis of accounting. The accompanying consolidated financial statements of EmblemHealth, Inc. and Subsidiaries, (“the Company”), are also prepared on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Company has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
When the Company receives federal funds from a government entity other than the Federal government (“pass-through”), the funds are accumulated based upon the Assistance Listing Number provided by the pass-through grantor.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the federal program activity administered by Health Insurance Plan of Greater New York, a subsidiary of EmblemHealth, Inc., for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”).
Expenditures reported in the Schedule are reported on the accrual basis of accounting. The accompanying consolidated financial statements of EmblemHealth, Inc. and Subsidiaries, (“the Company”), are also prepared on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Company has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
For the year ended December 31, 2024, the Company provided no funds to subrecipients.
Title: Nonmonetary Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the federal program activity administered by Health Insurance Plan of Greater New York, a subsidiary of EmblemHealth, Inc., for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”).
Expenditures reported in the Schedule are reported on the accrual basis of accounting. The accompanying consolidated financial statements of EmblemHealth, Inc. and Subsidiaries, (“the Company”), are also prepared on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Company has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
For the year ended December 31, 2024, the Company received no nonmonetary assistance.