History

How we’ve grown

We’ve built a solid foundation reinforced by diversifies experiences and proven results.

1948-1949

  • Blue Cross Association is created and forms the first national Blue company, Health Service, Inc. (HSI), a life insurance company

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

1954-1969

  • HSI-MIA issues the first national Blue hospital contracts for the automotive and telecom industries, creating national account standards for the Blue System

1970-1979

  • HSI-MIA pioneers vision, dental, and chiropractic benefits for national accounts

1980-1982

  • BCS Financial Corporation (BCS) is created to own HSI-MIA
  • HSI is renamed BCS Life Insurance Company (BCSL) and MIA is renamed BCS Insurance Company (BCSI)

1983-1989

  • BCS develops BCBS Organ and Bone Marrow Transplant Pool
  • BCS launches Group Universal Life program for Blue employees
  • BCS forms BCBS Professional Liability Program, utilizing Plans’ Liability Insurance Company
  • BCS underwrites healthcare coverage for the 1984 and 1988 U.S. Olympic Teams

1990-1999

  • BCS creates Medical Stop Loss insurance program
  • BCS begins administering Plan Investment Fund
  • BCS introduces Agent Errors & Omissions program

2000-2015

  • BCS develops industry-leading limited benefit program EssentialCare
  • BCSL becomes 4 Ever Life Insurance Company and is awarded two special purpose BCBS underwriting licenses
  • BCS invests in, and begins underwriting, GeoBlue international healthcare
  • BCS launches Ancilyze, an ancillary optimization service

2016-Present

  • BCS creates 4 Ever Life International Limited to expand GeoBlue availability
  • BCS launches BCS Re, a segregated-cell captive
  • BCS invests in LifeSecure Insurance Company to advance ancillary growth strategy
  • BCS introduces new Cyber Liability solutions