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BCBSIL Eliminates Pre-existing Waiting Period on Individual Policies with Prior Individual Coverage

by Admin | Jul 17, 2012 | Blue Cross Blue Shield, Blue Cross Blue Shield of Illinois, Insurance News

Effective July 1, 2012, the pre-existing waiting period on new Blue Cross and Blue Shield of Illinois (BCBSIL) individual policies can now be offset by prior individual coverage with another carrier, provided: Application is received on or after July 1, 2012 The prior...

BCBSIL’s Parent Company Income Drops 6.7 Percent in 1st Quarter of 2012

by Admin | Jun 6, 2012 | Blue Cross Blue Shield, Blue Cross Blue Shield of Illinois, Insurance News

(Crain’s) — Net income for the parent of Blue Cross & Blue Shield of Illinois dipped to about $408 million in the first quarter, compared with a year ago, as claims rose faster than revenue. Health Care Service Corp.’s first-quarter net income slipped...

BlueCross & BlueShield of Illinois parent tops $1 billion in net profits for 2nd straight year

by Admin | Mar 6, 2012 | Blue Cross Blue Shield, Blue Cross Blue Shield of Illinois, Insurance News

The parent of Blue Cross & Blue Shield of Illinois booked more than $1 billion in net income in 2011, the second straight year that the Chicago-based company has crossed that milestone. Health Care Service Corp., which also operates Blue Cross plans in Oklahoma,...

BlueCross BlueShield profits drop 23% in 2nd Quarter

by Admin | Sep 19, 2011 | Blue Cross Blue Shield, Blue Cross Blue Shield of Illinois, Insurance News

(Crain’s) — After surging earlier in the year, profits of the parent of Blue Cross & Blue Shield of Illinois dropped sharply during the second quarter, to a still hefty $270 million, as benefits rose and membership shrank. Chicago-based Health Care Service...

Blue Cross Blue Shield of California CEO earns $4.6 million, Fights Legislation to Limit Excessive Overhead

by Admin | May 31, 2011 | Blue Cross Blue Shield, Healthcare Reform, Insurance News

The CEO of the nonprofit health insurance company Blue Shield of California, Bruce Bodaken, earned $4.6 million in 2010, according to documents made public by the California Department of Insurance Wednesday. Blue Shield paid its top ten executives more than $14...

Blue Cross and Blue Shield of Illinois Now Offering 2 New Standardized Medicare Supplement Insurance Plans

by Admin | Jul 9, 2010 | Blue Cross Blue Shield, Blue Cross Blue Shield of Illinois, Insurance News

As of June 1, 2010 Blue Cross and Blue Shield of Illinois (BCBSIL) is offering new Medicare Supplement Insurance Plans G and N. Members and those considering Plans G and N can enroll at anytime; there are no specific enrollment periods or deadlines. The changes to the...
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