Who owns Blue Shield health insurance?

Asked by: Elian Gutmann  |  Last update: February 11, 2022
Score: 4.6/5 (8 votes)

Blue Cross Blue Shield Association (BCBSA)
The Association owns and manages the Blue Cross and Blue Shield trademarks and names in more than 170 countries around the world.

Is Blue Shield owned by Anthem?

Blue Cross Blue Shield is a subsidiary of Anthem, but the two entities each sell health insurance in different areas of the country, and each company provides Medicare health benefits and prescription drug coverage to beneficiaries in those areas.

Is Blue Cross Blue Shield a publicly traded company?

Of the 36 BCBS companies, the largest is the publicly-traded Anthem, which stretches across 14 states, and includes Rocky Mountain Hospital and Medical Service (Colorado and Nevada), Anthem Health Plans (Connecticut), BCBS of Georgia, BCBS Healthcare Plan of Georgia, Anthem Insurance Companies (Indiana), Anthem Health ...

How is BCBS funded?

BCBS companies offer coverage through the Affordable Care Act marketplaces, and we also provide coverage through the Office of Personnel Management's multi-state plan. BCBS companies have partnered with the federal government to process Medicare claims and payments since the program's inception in 1966.

Is Capital Blue Cross the same as Blue Cross Blue Shield?

Capital Blue Cross is an independent licensee of the Blue Cross Blue Shield Association.

36 Blue Cross Blue Shield Health Insurance Companies Explained

19 related questions found

How good is capital blue insurance?

On a scale of 100, Capital BlueCross' ACSI score was 78, the highest among other health insurance companies tracked by the index. Capital BlueCross exceeded the average score of health insurance companies by eight points, and exceeded the lowest scoring health insurer by 13 points.

Does Capital Blue Cross cover ambulance?

Capital covers emergent and non-emergent ground ambulance services provided by a state licensed ambulance provider. All ambulance services are subject to the criteria set forth in the Medical Policy.

Who owns Blue Cross Blue Shield of California?

Blue Shield of California is a non-profit mutual benefit corporation and health plan founded in 1939 by the California Medical Association. It is based in Oakland, California, and serves 4.5 million health plan members and more than 65,000 physicians across the state.

When did Blue Cross Blue Shield become for profit?

In 1994, BCBS changed to allow its licensees to be for-profit corporations. During 2010, Health Care Service Corporation, the parent company of BCBS in Texas, Oklahoma, New Mexico, Montana and Illinois, nearly doubled its income to $1.09 billion in 2010, and began four years of billion-dollar profits.

Is Florida Blue the same as Blue Cross Blue Shield?

Blue Cross and Blue Shield of Florida, Inc. (BCBSF) is now Florida Blue. The new name, new logo and tagline – 'In the pursuit of health' – are all part of the company's transition to a health solutions company with an overarching mission to help the people of Florida and their communities achieve better health.

Why did Blue Cross and Blue Shield merge?

The two companies began to unify in the 1940s, setting up agreements to ensure that the total 24 million members of both plans would have more comprehensive coverage nationwide. On December 27, 1933, America's first "Blue Cross Baby” was born in Durham, North Carolina.

What companies does anthem own?

In addition, we conduct business through our subsidiaries in over 25 states across the country such as America's 1st Choice, Amerigroup, Aspire Health, CareMore, Freedom Health, HealthLink, HealthSun, Optimum HealthCare, Simply Healthcare, and/or UniCare.

Is Anthem and WellPoint the same company?

In December 2014, WellPoint, Inc. changed its corporate name to Anthem, Inc. The Anthem brand is built on a foundation of trust – it's the name consumers are most familiar with as a trusted health care partner through our affiliated health plans.

What is Blue Shields official company name?

Corporate Name: California Physicians' Service. Blue Shield of California Foundation: Since 2005, Blue Shield has contributed more than $325 million to the Blue Shield of California Foundation to fund nonprofit organizations that help strengthen the health safety net and address and prevent domestic violence.

Is Blue Shield California good insurance?

Blue Shield of California earned a Top 5 rating in our annual review of Best Health Insurance Companies. They got 4 out of 5 star ratings across the board in claims, price and customer service and 4-star ratings in website & apps.

Is Blue Shield of California not for profit?

Blue Shield of California, an independent member of the Blue Shield Association, is a nonprofit health plan dedicated to providing Californians with access to high-quality health care at an affordable price.

How many employees does Blue Cross Blue Shield Michigan have?

How many Employees does Blue Cross Blue Shield of Michigan have? Blue Cross Blue Shield of Michigan has 1,000 employees.

How many members does Bcbsm have?

Formed in 1998, Blue Care Network is a nonprofit health maintenance organization with over 900,000 members and almost 6,000 doctors across the state of Michigan.

What is BCBS Nasco SF?

National Account Service Company (NASCO) is one option for Premera to sell healthcare coverage to employees of national companies in our area. NASCO also allows Premera to serve accounts for other Blue Cross and/or Blue Shield (BCBS) plans whose members work away from their company headquarters.

Does Capital Blue Cross cover consult codes?

There is no change for all other lines of business. Blue Cross accepts all valid HIPAA medical codes. The consultation codes 99241-99245 and 99251-99255 are still valid CPT codes and as such will be accepted.

What is a corporate medical policy?

A corporate health insurance plan is a type of insurance that covers groups in professional organizations from various risks such as employees' health, accidents, financial losses, and more. Group health insurance is synonymous with corporate health insurance.

Is Highmark better than Capital Blue Cross?

Highmark Health scored higher in 7 areas: Career Opportunities, Compensation & Benefits, Work-life balance, Senior Management, CEO Approval, % Recommend to a friend and Positive Business Outlook. Capital BlueCross scored higher in 1 area: Culture & Values. Both tied in 1 area: Overall Rating.