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Blue Cross Blue Shield Association, also known as BCBS, BCBSA, or The Blues, is a United States–based federation with 33 independent and locally operated BCBSA companies that provide health insurance to more than 115 million people in the U.S. as of 2022. [2] [3]
HCSC was formerly known as Hospital Service Corporation and changed its name to Health Care Service Corporation in 1975. The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states ...
Hawaii Medical Service Association (HMSA) is a nonprofit health insurer in the state of Hawaii. HMSA was founded in 1938, is an independent licensee of the Blue Cross Blue Shield Association , and is the largest insurer in the state of Hawaii serving more than 700,000 people.
Blue Cross Blue Shield (BCBS) is an association of insurance companies in the United States that offer Medicare Advantage in every state, Washington D.C., and Puerto Rico. Glossary of Medicare terms
In 1991, IASD Health Services Corporation became a mutual insurance. In 1994, Blue Cross Blue Shield (BCBS) allowed its licensees to be for-profit corporations, [4] and the joint service agreement of Blue Cross of South Dakota and South Dakota Blue Shield expired, putting the two plans in competition with one another. [3]
At this time, hospital associations such as the CHSA became known as Blue Cross Plans. In 1939, Blue Cross Plans united to form the Blue Cross Association [7] In 1956, Medical Mutual of Cleveland was formed to provide coverage for doctor fees. CHSA merged with Akron Hospital Service to form Blue Cross of Northeast Ohio in 1957, and four years ...
(The Alabama insurance guaranty fund is an emergency reserve pool maintained by periodic levies on all insurance companies to create a cash fund to pay the obligations of struggling insurers, [3] similar to FDIC for banks.) As of 2018 Tim Vines is the CEO and President of Blue Cross Blue Shield of Alabama, moving up from Vice President and COO.
Blue Cross and Blue Shield of Louisiana has shelved for a second time its controversial plan to sell its non-profit insurance company to Elevance Health. Blue Cross, which insures almost 2 million ...