What is Blue Cross Blue Shield Health Insurance?

Blue Cross Blue Shield

Blue Cross Blue Shield Health Insurance is a health insurance offered by the Blue Cross Blue Shield Association (BCBSA). This Association is an alliance of 36 separate United States health insurance organizations and companies, offering health insurance to more than 106 million Americans. Blue Cross was created in 1929 and later became to be the Blue Cross Association in 1960, while Blue Shield appeared in 1939 and the Blue Shield Association was founded in 1948. The two organizations unified in 1982. This association has its head office in the Michigan Plaza complex in the Chicago Loop area of Chicago, Illinois.

Since its commencement, Blue Cross Blue Shield (BCBS) has molded the healthcare industry through modernization and governance. Today, Blue Cross Blue Shield continues to change healthcare with the same spirit of modernization that has enhanced the lives of generations of Americans.

Blue Cross Blue Shield insurers provide some form of health insurance coverage in every U.S. state. They also turn out as administrators of Medicare in many states or regions of the US and offer coverage to state government workers as well as to the federal government workers under a public option of the Federal Employees Health Benefits Program.

Blue Cross

Blue Cross is a name utilized by an association of health insurance plans throughout the United States. Justin Ford Kimball established its predecessor in 1929. This happened while he was the vice president of Baylor University’s health care facilities in Dallas, Texas. The first plan assured teachers 21 days of hospital care for $6 per year, was later extended to other worker groups in Dallas, and then nationwide. The American Hospital Association implemented the Blue Cross symbol in 1939 as the symbol for plans meeting certain standards. In 1960, the AHA Commission was succeeded by the Blue Cross Association. Blue Cross separated its ties with the AHA in 1972.

Blue Shield

Faced with wild illness and workplace hazards, Pacific Northwest loggers and miners of the early 1900s required important health care to stay healthy and fruitful. Therefore, Blue Shield was established by employers in lumber and mining camps of the Pacific Northwest to offer medical care by paying regular fees to medical service bureaus composed of groups of physicians. In 1939, the first certified Blue Shield plan was originated in California. In 1948, the symbol was casually implemented by nine plans called the Associated Medical Care Plan and was later retitled as the National Association of Blue Shield Plans.

Goals of BCBS

Through the 1930s and 1940s, Blue Cross and Blue Shield’s ground-breaking approaches to healthcare options caught on across the country. Providing healthcare plans to more and more Americans, along with the Blue Cross and Blue Shield grew to cover 81 hospital plans and 44 medical plans. The two companies began to merge in the 1940s, setting up agreements to make sure that the entire 24 million members of both plans would have a complete coverage nationally.

Historic Moment

Today, it’s difficult to believe that before the commencement of Medicare, half of the People in America who are over 65 years of age were without the protection of any health coverage. The federal health insurance coverage program was formed to make sure that our senior residents could experience their brilliant years with the healthcare they want and merit. When Medicare was signed into law in 1966, Blue Cross Blue Shield firms were the only insurance providers with the claims handling ability and computing power to regulate the new program. In its present function, Blue Cross and Blue Shield effortlessly administered the claims of closely 5 million Medicare patients at the beginning of the year.

Plans and Benefits

Blue Cross and Blue Shield Service Benefit Plan provides two budget-friendly options to select from, which includes the Preferred Provider Organization Basic Option and the Preferred Provider Organization Standard Option. One of the great characteristics and savings the Blue Cross and Blue Shield Service Benefit Plan Basic Options have to offer are

  • Wide-ranging benefits with affordable payroll deductions and
  • Freedom to obtain covered services from both Preferred and Non-Preferred Providers