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Currently it is headquartered in 600 E. Lafayette Blvd. in downtown Detroit. Blue Cross Blue Shield of Michigan, a nonprofit mutual insurance company, provides and administers health benefits to more than 4.3 million members residing in Michigan in addition to members of Michigan-headquartered groups who reside outside the state.
On January 17, 2013, Governor Rick Snyder ordered that the Office of Financial and Insurance Regulation (OFIR) be transfer out of the Michigan Department of Licensing and Regulatory Affairs to form a new principal department, the Michigan Department of Insurance and Financial Services, effective March 19, 2013. [3]
In 1982, Blue Shield merged with The Blue Cross Association to form the Blue Cross and Blue Shield Association (BCBS). [11] Prior to 1986, organizations administering BCBS were tax exempt under 501(c)(4) as social welfare plans. The Tax Reform Act of 1986 revoked the exemption, however, because the plans sold commercial-type insurance.
In January 2021, as the parent company of Regence BlueShield, Asuris Northwest Health and Commencement Bay Risk Management Insurance Co.; Cambia was fined $10,000 by Washington State for continuing its application to merge with Blue Cross BlueShield NC (BCBSNC), without filing required notification that Dr. Patrick H. Conway, slated as CEO of ...
The State of Michigan provides a pension for all former members of the Michigan National Guard (Army or Air) who meet specific eligibility requirements. [13] To receive the benefit, applicants must have reached age 55, separated from service, and have served a minimum of 19 years, 6 months and 1 day of active service in the State Defense Forces ...
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The 1963 Constitution requires that all permanent agencies or commissions, except universities, be assigned to one of a maximum of twenty principal departments. [1] The principal departments are the: [2] [3]
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