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 refreshes EssentialCare by adding group supplemental solutions
BCS launches the BCS Customer Support Center and administrative platform
BCS creates innovative Gene Therapy solutions for health plans and employers
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
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 BCBS Organ 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, Fixed Indemnity of America (MIA), a property and casualty insurance company
HSI and MIA merge operations, becoming known as HSI-MIA
1948–1949
Blue Cross Association is created and forms the first national Blue company, Health Services, Inc. (HSI), a life insurance company
Current News
Announcement: BCS + MMA
BCS is excited to announce that we now offer our limited benefit health insurance solutions for intermittent, part-time, and variable-hour populations in partnership with Marsh McLennan Agency (MMA). BCS is an established and reputable carrier in the marketplace and is excited to add MMA as a new distribution partner for this solution. MMA’s market experience…
BCS Named to Inc.’s Best in Business List
Annual list recognizes the industry-leading companies that are the best at what they do CHICAGO, January 29, 2025 – BCS is proud to announce its inclusion in Inc.’s annual Best in Business list, which celebrates the exceptional achievements and contributions of companies that have made a profound impact on their industries and society at large.…
High-Cost Claimants Insights Report
Each year, the BCS RiskNavigator Conference brings together actuaries, underwriters, sales, product, claims and more for an annual conference focused on stop loss, reinsurance, and large claims. Together, experts from various backgrounds and unique perspectives discuss and share insights into the trends and issues impacting our industries. To further spread the message, and share this…