How We’ve Grown

Since 1948 we’ve built a solid foundation reinforced by diversified experiences and proven results.


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 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 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


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


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)


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


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


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


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

Current News

catastrophic claims

Top 6 Catastrophic Claims of 2022


Each year, BCS Financial and Medical Risk Managers (MRM) review high cost claims from our proprietary database of over 40M member lives. We’re sharing the top six claims seen by…

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