Magnacare is a firm that provides administrative support, third party administration, insurance agent or broker, insurance, and investment management to nonprofit clients. They primarily provide their services regionally, with most clients in New York (although they are present in other states as well).
Most Magnacare clients are health and welfare funds with revenues ranging from $21 million to $141 million.
Previous legal names, trade names, or just variations of their name include: Magnacare Administrative Services; Magnacare Administrative Services LLC; and Magnacare LLC.
| Name | Type | Location | |||
|---|---|---|---|---|---|
| 1 | Ufcw National Health and Welfare Fund | 501(c)(9) | Englewood, NJ | ||
| 2 | Painting Industry Insurance Fund | 501(c)(9) | New York, NY | ||
| 3 | Iron Workers Locals 40 361 and 417 Health Fund | 501(c)(9) | New York, NY | ||
| 4 | Local 812 Health Fund | 501(c)(9) | Great Neck, NY | ||
| 5 | International Union of Operating Engineers Local 138 Welfare Fund | 501(c)(9) | Farmingdale, NY | ||
| 6 | United Wire Metal and Machine Health and Welfare | 501(c)(9) | Long Island City, NY | ||
| 7 | Local 338 RWDSU / UFCW | 501(c)(9) | Mineola, NY | ||
| 8 | Laborers Union Local 1298 of Nassau and Suffolk Counties Welfare Fund | 501(c)(9) | Hempstead, NY | ||
| 9 | Lake County Indiana Neca-Ibew Health and Benefit Plan | 501(c)(9) | Merrillville, IN | ||
| 10 | Local 342 Health Care Fund | 501(c)(9) | Bohemia, NY | ||
| ... | and 26 more Magnacare not-for-profit tax-exempt clients identified by Cause IQ | ||||
Competitors to Magnacare in the nonprofit sector include Community Insurance Company, Optumrx Inc, Lincoln Financial Group, Blue Cross Blue Shield Of Michigan, United Of Omaha, Davis Vision, Blue Cross Blue Shield Of Ma, Excellus Blue Cross Blue Shield, Blue Cross Blue Shield Of Alabama, and Captrust.
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