How We’ve Grown
Since 1948 we’ve built a solid foundation reinforced by diversified experiences and proven results.
2020–Present
BCS acquires Medical Risk Managers, Inc. (MRM), a stop loss MGU
BCS creates RiskNavigator, a large claim cost and quality toolset
BCS launches the BCS Customer Support Center and administrative platform
BCS creates the first Gene Therapy Excess Reinsurance solution for Blue Plans
Gene+ Risk Protection Reinsurance Pool launches
2016–2019
BCS creates 4 Ever Life International Limited (4ELI) to expand GeoBlue distribution
BCS launches BCS Re, a turn-key reinsurance captive solution for BCBS Plan risks
BCS invests in LifeSecure Insurance Company to advance ancillary growth strategy
BCS introduces new Cyber Liability solutions for BCBS and commercial markets
BCS recognized for award-winning, industry first severe mental health benefit solution
2000–2015
BCS develops industry-leading limited benefit program EssentialCare
BCSL becomes 4 Ever Life Insurance Company (4EL)
4EL is awarded two special purpose BCBS underwriting licenses
BCS invests in GeoBlue and begins underwriting international healthcare
1990–1999
BCS creates Medical Stop Loss insurance program for BCBS markets
BCS begins administering Plan Investment Fund
BCS introduces Agent Errors & Omissions program for BCBS agents
1980–1989
BCS develops Organ Transplant and Bone Marrow Transplant Pool for BCBS Plans
BCS launches Group Universal Life program for BCBS employees
BCS underwrites healthcare coverage for the 1984 and 1988 U.S. Olympic Teams
BCS begins reinsuring BCBS Plan segments of members
BCS Financial Corporation (BCS) is created to own HSI-MIA
HSI is renamed BCS Life Insurance Company (BCSL)
MIA is renamed BCS Insurance Company (BCSI)
1970–1979
HSI-MIA pioneers vision, dental, and chiropractic benefits for national accounts
1954–1969
HSI-MIA issues the first national Blue hospital contracts for the automotive and telecom industries, creating national account standards for Blue Plans
1950–1953
Blue Shield Association is created and forms a similar national Blue entity, Medical Indemnity of America (MIA), a property and casualty insurance company
HSI and MIA merge operations, becoming known as HSI-MIA
1949
Blue Cross Association is created and launches the first national Blue company, Health Services, Inc. (HSI), a life insurance carrier
Current News
EssentialCare Accident Indemnity Insurance – How it Helps Families Cover the Unexpected
As any parent knows, injuries always happen. You can’t predict when an accident will occur, and the last thing you want to worry about is the unexpected costs. Even after your medical insurance pays its portion, you could still face bills for deductibles, copays and coinsurance. That’s where EssentialCare Accident Indemnity can help ease financial…
BCS Financial Reaffirms Importance of Healthcare Solutions for Part-Time, Hourly Workers with New Brand Launch
BCS unveils CareBasic brand for its fixed indemnity insurance offerings, emphasizing the gaps in affordability for basic yet important care CHICAGO, May 28, 2025 /PRNewswire/ — Insurance and financial services company BCS Financial today announces the launch of CareBasic, its new brand for limited benefit medical plans in the marketplace. The new name and logo…
Reducing the Financial Risks of Gene Therapy through Innovative Insurance
Advanced gene therapies have been at the forefront of medical science for many years, offering the promise of potential cures for a wide range of diseases. As recent FDA approvals have made these therapies a reality, the unprecedented costs associated with them have raised significant concerns to the health insurance industry. This whitepaper will give…