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
GLP-1s & Gene Therapy: The Drugs Making Waves in Self-Insurance
This blog references an original article written by Mehb Khoja, Head of Large Claim Solutions at BCS, which first appeared on Forbes.com in April 2024. Read the full article here. In April 2024, BCS Head of Large Claims Solutions Mehb Khoja penned an article for Forbes about two growing areas making waves in the self-insurance…
BCS Integrates with Employee Navigator for Seamless Benefits Administration of EssentialCare Group Products
BCS announces its latest benefits innovation with an integration into leading benefits administration platform Employee Navigator CHICAGO, March 26, 2025 – BCS Financial today announces a new partnership with Employee Navigator, a leading benefits administration platform. The partnership will allow brokers and their employer clients the ability to seamlessly enroll in and administer BCS’s award-winning…
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…