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October 06, 2015 12:27 AM ET

Healthcare Providers and Services

Company Overview of MagnaCare Inc.

Company Overview

MagnaCare Inc. provides employee health plan solutions. It offers solutions in the areas of self-insured organization, commercial insurer, labor, corporate, Taft Hartley Fund member, third party administrator, municipality, and worker’s compensation/no fault payor aspects. The company provides its services through a network of retail locations, and mail order and specialty services. It serves companies in New York and New Jersey. The company was founded in 1990 and is headquartered in New York, New York with healthcare provider locations in the New York and New Jersey area.

One Penn Plaza

46th Floor

New York, NY 10119

United States

Founded in 1990





Key Executives for MagnaCare Inc.

Chief Executive Officer
President of Labor & Strategic Accounts Division
Chief Medical Officer and Executive Vice President
Senior Vice President of Casualty Services
Senior Vice President of Network Management
Compensation as of Fiscal Year 2015.

MagnaCare Inc. Key Developments

MagnaCare Appoints Adam L. Young, J.D. as Chief Legal Officer

MagnaCare appointed Adam L. Young, J.D. as chief legal officer. Prior to joining MagnaCare, Young served as deputy general counsel at Horizon Blue Cross Blue Shield of New Jersey where he provided legal advice spanning commercial insured and self-insured products, as well as governmental programs, such as the Medicare Advantage and Part D programs, and the Federal Employee Health Benefit Plan. Previously, he was senior counsel at Munich Reinsurance America Inc.; corporate counsel at Capital Blue Cross; and directed legislative and regulatory affairs at Highmark Inc.

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