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Posts tagged ‘How the BCBS Association spends revenue’

23
Jun

How the BCBS Association Spends Revenue

The Blue Cross Blue Shield Association (BCBSA) is a tax-exempt, non-profit 501 (c) 4 (a social welfare organization) based in Chicago, Illinois that serves as a national association of 34 independent BCBS companies that provide health insurance to more than 115 million people.

They also own and manage the BCBS trademarks and names in more than 170 countries around the world.  For example, BCBS of Florida, Inc. (DBA Florida Blue), Health Options, Inc. (DBA Florida Blue HMO), Florida Combined Life Insurance Company (DBA Florida Combined Life) are independent licensees of BCBSA. Consequently, revenue comes from the members of BCBSA whose revenue comes from insurance premiums. In other words, part of your BCBS health insurance premiums are paid to BCBSA. Read more »