BCBS® Companies and Licensees (2024)

FAQs

Which of the following statements is true about most BCBS organizations? ›

Final answer: True statement about Blue Cross Blue Shield organizations is that they provide health insurance coverage focusing on hospital and medical services. They operate as non-profit entities and may offer HMO-like plans but are not exclusively HMOs or life insurance providers.

Health Care Service Corporation

Blue Cross Blue Shield of Illinois / Parent organization

Kim A. Keck (Jan 4, 2021–)

Blue Cross Blue Shield Association / CEO

Anthem is part of the Blue Cross Blue Shield group. Blue Cross Blue Shield is made up of independent companies. Anthem is one of these companies. Other Blue Cross Blue Shield brands include Highmark, Regence and CareFirst.

The statement regarding Blue Cross and Blue Shield organizations that is NOT true is: they are typically for-profit organizations. This is incorrect as they are usually not-for-profit. These organizations do function as insurance companies and are service organizations.

Blue Cross and Blue Shield developed separately, with Blue Cross providing coverage for hospital services and Blue Shield covering physicians' services. Blue Cross is a name used by an association of health insurance plans throughout the United States.

The lawsuit alleged that BCBSIL's administration of exclusions of gender affirming care violates the health nondiscrimination law enacted as part of the Affordable Care Act, known as Section 1557.

Chicago, IL

Blue Cross Blue Shield Association / Headquarters

Blue Cross and Blue Shield servers themselves were not breached, but BCBS customers were exposed through a third-party administration service provider called TMG Health. On June 23, 2023, BCBS learned about TMG Health being breached on June 21.

The largest sum went to Health Care Service Corp. CEO Maurice Smith, who saw his pay nearly double to $22.1 million in 2022, according to the Chicago-based company's financial records obtained by Crain's in a Freedom of Information Act request.

Did the CEO of BCBS resign? ›

Scott Serota to Retire as President and Chief Executive Officer of the Blue Cross Blue Shield Association at the end of 2020.

In understanding the Blue Cross, one begins to understand the meaning of the life of St. Francis ⎯ our call to repent, our ongoing conversion to Christ. The color blue symbolizes the humanity of Jesus Christ. The Cross is predominantly blue to signify that God became man and died for us because He truly loves us.

What we're seeing is that when comparing apples and apples, the Blue Shield of California formulary is broader than Anthem Blue Cross for Individual/Family and maybe even Small Business. Anthem made the move to a more limited drug list for their group business which was unprecedented.

Anthem Blue Cross is the trade name of In California: Blue Cross of California, Anthem Blue Cross Partnership Plan, Anthem BC Health Insurance Company and Anthem Blue Cross Life and Health Insurance Company are independent licensees of the Blue Cross Association.

Multiple $0 plan types: Regence offers both HMO and PPO plans with premiums as low as $0. Allowances for extras: Some Regence plans include allowances to help pay for extras such as eyeglasses and over-the-counter health and wellness items.

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. The Association also grants licenses to independent companies to use the trademarks and names in exclusive geographic areas.

Final answer: The correct statement regarding HMOs is that members must receive care only within the HMO service area.

BCBS plans include fee-for-service, indemnity, managed care, Federal Employee Program, Medicare supplemental, and Health Care Anywhere plans.

BCBS corporations offer several federally designed and regulated Medicare supplemental plans that augment the Medicare program by paying for Medicare deductibles and copayments.