Highmark blue cross blue shield plan name

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In addition to the community and provider partnerships Highmark Blue Shield has today, all benefits-eligible employees can access the Penn State concierge customer service team at to navigate their entire health care journey and maximize their benefits. Penn State is self-insured, which means the University and its employees together cover the full cost of employee health care and prescription drugs each year. The University contracts with companies such as Aetna or Highmark to administer its medical and prescription benefits plans, and regularly revisits those contracts with the goal of maintaining access to high quality care and controlling costs for employees.

The site includes:. Dates, times, and locations for in-person presentations, as well as links to a series of online webinars; and. During the presentations in person or via webinar , attendees will receive an overview of the upcoming benefits and prescription plans and will be able to ask questions.

Prior to the benefit presentations, HR strongly encourages all benefits-eligible employees to review plan options on the HR Benefits Open Enrollment website. September 7, Print. An ongoing process Penn State is self-insured, which means the University and its employees together cover the full cost of employee health care and prescription drugs each year. Benefits Open Enrollment begins on Nov.

Last Updated September 7, In the s, the U. Prior to , organizations administering BCBS were tax exempt under c 4 as social welfare plans. However, the Tax Reform Act of revoked the exemption, because the plans sold commercial-type insurance.

They became m organizations, subject to federal taxation, but entitled to "special tax benefits" [12] under IRC In , BCBS changed to allow its licensees to be for-profit corporations. Blue Cross and Blue Shield insurance companies are licensees , independent of the association and traditionally of each other, [16] offering insurance plans within defined regions under one or both of the association's brands. Blue Cross Blue Shield insurers offer some form of health insurance coverage in every U.

They also act as administrators [17] [16] of Medicare in many states or regions of the U. An independent licensee of the BCBSA, it is a privately held mutual company without shareholders, which is wholly owned by its policyholders. In , it was converted to a non-profit.

Blue Cross Blue Shield of Nebraska was founded in The company retained the Blue Cross brand, converting from mutual ownership to a stock company wholly owned by GoodLife.

In , Blue Cross and Blue Shield of North Carolina agreed to enter into a partnership with Cambia Health , but cancelled the agreement later that year. Patrick H. Though historically "Blue Cross" was used for hospital coverage while "Blue Shield" was used for medical coverage, [57] today that split only exists for traditional health insurance plans in Pennsylvania.

In southeastern Pennsylvania, Independence Blue Cross Philadelphia has a joint marketing agreement with Highmark Blue Shield Pittsburgh for their separate hospital and medical plans. BlueCross BlueShield of the U. BlueCross BlueShield of Vermont was founded in While only some members retain nonprofit status, the ones that do have been criticized for holding excessive amounts of cash or excessive executive compensation.

The lawsuit was dismissed, with prejudice, and the dismissal ruling was upheld on appeal. Conversions into for-profit corporations typically results in distribution of some of the assets into a charitable foundation. An exceptional case occurred in the Empire Blue Cross conversion, where the proceeds went to fund wage increases for union workers. In , the group of 34 companies that make up the BCBS Association settled an antitrust investigation by allowing competition among member companies under non-Blue names while retaining regional exclusivity for regional licenses.

From Wikipedia, the free encyclopedia. Federation of 36 separate United States health insurance organizations and companies. This article is about American medical insurance companies. For other uses, see Blue Cross disambiguation. Tax ID no. Michigan Plaza Chicago, Illinois. President and CEO. Revenue Employees Blue Cross and Blue Shield Association. December 31, Archived from the original on Retrieved Cunningham Jr. Retrieved August 31, Archived from the original on September 26, Consumers Union.

Retrieved 18 December That I. Title 26 — Internal Revenue Code U. Retrieved on Crain's Chicago Business. Crain Communication, Inc. The New York Times. Retrieved December 18, Retrieved September 4, FEP Blue.

Government Executive. The company was the largest carrier in 93 percent of counties in , and that proportion grew to 98 percent in

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Most recently, he served as senior vice president and general manager of pharmacy benefit management company OptumRx, a UnitedHealth subsidiary. This is a win for clients, members, brokers and providers in the five-county Southeastern Pennsylvania region, who will benefit by having greater choice of high-quality health coverage as well as new solutions to make the health insurance experience better. Dan has a proven track record of success in this region, is known to many in the industry, and is a resident of southeastern Pennsylvania.

We are very excited to have him lead our efforts. The Blue Cross associations denied wrongdoing, but agreed to the settlement, arguing that their territorial approach held down insurance costs.

Blue Cross associations cannot compete with one another with Blue Cross-branded insurance, but have sometimes set up separate companies that offer health insurance products outside their territories. Independence Blue Cross has offered services under the Amerihealth name in the region.

Sign in. Forgot your password? Independence Blue Cross has offered services under the Amerihealth name in the region. Sign in. Forgot your password? Get help. Password recovery. Delaware Business Now. Home Delaware Highmark names veteran health insurance exec to head planned expansion in Great Outdoor Cottages cuts ribbon at employee Georgetown site. A tale of two cities and their parking tickets.