Blue Cross Blue Shield Insurance Company

Blue Cross Blue Shield Insurance Company

Chicago Headquarters
225 North Michigan Avenue
Chicago, IL 60601

Washington, D.C. Office
1310 G Street, N.W.
Washington, DC 20005

When it comes to America’s health insurance needs, it is sure that Blue Cross Blue Shield Insurance Company will be the first thing that will you think of.

Undoubtedly, Blue Cross Blue Shield Association is one of the largest and most recognizable brand when it comes to health insurance industry in the United States today. Blue Cross Blue Shield is a national federation of 39 independent and locally operated health insurance companies that licensed the Blue Cross and Blue Shield brands. Each member company has the right to sell Blue-branded health plans within a specific region or state. The 39 local members provide health insurance to their policyholders.

Blue Cross Blue Shield is one of the nation’s oldest health insurance companies. The company started in 1929, offering prepaid hospital plans in Dallas, Texas for  teachers and physician care for miners in the Northwest Pacific. It had an initial membership of 1,300. Eighty years later, the number grew to nearly 100 million members in the United States – one in every three Americans. It is also present in 170 countries the world over.

Blue Cross Blue Shield have provided millions of families (members) with high-quality and affordable health insurance plans and programs. At present, its headquarters is located in Chicago, Illinois, with approximately 1,000 employees. It also has an office in Washington D.C. It is one of the largest employers in the U.S., being present and providing healthcare insurance in 50 states, the District of Columbia, and Puerto Rico. At present, more than 90 percent of hospitals and 80 percent of physicians are in contract with BCBS companies and this is more than any other health insurance companies in the US.

The company is managed by a team of highly qualified and experienced men and women in the field of health insurance. It is led today by Scott P. Serota, the company’s president and chief executive officer.

Currently, Blue Cross sells all insurance products in all sectors of the health insurance market. One good thing about BCBS is that they made it a point that policyholders can have peace of mind whether they are at home or around the world through its BlueCard Worldwide. With this feature, members have access to a network of inpatient, outpatient and healthcare professionals around the world. With this program, members who are traveling or living in countries outside their Home Plan service area can still avail of medical services and claim support. Aside from the BlueCard, it also sells the following healthcare coverage plans in the U.S.: Flexible Spending Account (FSA), Health Maintenance Organization (HMO) , Health Savings Account (HSA),Health Reimbursement Arrangement (HRA),Indemnity and Traditional Coverage, Point-of-Service (POS), Preferred Provider Organization (PPO), and  BlueCard®: Away From Home Care Program. When traveling within the U.S., members can choose from this wide array of health insurance coverage the best plan that suits their needs.

Since its inception, Blue Cross Blue Shield has become one the country’s most stable health insurance companies. In 2008, the company posted  a $320.5 million revenue and still growing to this day.