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BlueCross BlueShield of Illinois Eliminating the 12 Month Waiting Period for Individual Plan Upgrades and Lower Rates

by Admin | Oct 24, 2012 | Blue Cross Blue Shield, Blue Cross Blue Shield of Illinois, Insurance News

BCBSIL members will no longer be required to wait one year before applying for upgrades or to secure new business rates. This will apply to applications received on November 1, 2012 or later as well as effective dates beginning November 1, 2012 or later. A policy no...

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...

BlueCross BlueShield of Illinois sued over out-of-network charges

by Admin | Jun 28, 2012 | Blue Cross Blue Shield of Illinois, Insurance News

(Crain’s) — Two Northwest Side outpatient surgery centers that are part of a group of Chicago-area clinics allege that Blue Cross & Blue Shield of Illinois has reneged on “unambiguous promises” of coverage for services totaling more than $10 million, as the...

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,...

BCBSIL Introduces Renewal Rate Cap for New 51-100 Segment Groups

by Admin | Nov 3, 2011 | Blue Cross Blue Shield of Illinois, Insurance News

Blue Cross and Blue Shield of Illinois (BCBSIL) announced a first year renewal rate cap of 9%* for groups with 51-100 employees. New groups with 51-100 insured employees sold with Jan. 1, 2012 – July 1, 2012 effective dates can take advantage of this offer if they...
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