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Blue Shield/Blue Cross 225
N. Michigan Avenue Chicago,
Illinois 60601 COMPANY INFORMATION
Blue Cross was started in 1929 and Blue Shield founded its first plan 1939, both are part of the Blue Shield/Blue Cross Association as a result of a merger in 1982. The Blue Shield/Blue Cross system has 47 independent member plans that are locally operated companies. Currently 77.4 million people in the 50 states, the District of Columbia, and Puerto Rico have either Blue Cross or Blue Shield plans, which makes up nearly 25 percent of the U.S. population. And in the U.S. more than 80 percent of hospitals and nearly 90 percent of physicians contract directly with Blue Cross and Blue Shield plans. With their subsidiaries, the Blue Shield/Blue Cross Plans have collectively reported revenue of $30.2 billion as of March 2000. RATING
A.M. Best – A- Standard & Poor’s – A-
WHAT
IS HEALTH INSURANCE? Health insurance is an agreement by a health insurance company to pay specified medical expenses when someone becomes sick or injured or otherwise needs medical care. The agreement is a contract between the insured person and the health insurance company that provides the health insurance. If the insured requires medical care while the health insurance policy is in force, then the health insurance company provides payment for the health benefits according to the terms of the health insurance policy. When a health insurance policy is considered, it is important to plan for more than simply getting sick or injured. A good health insurance plan also covers a variety of other medical expenses, including maternity, chiropractic care, outpatient emergency care, and well baby care. When children are involved it is also important to plan for their routine medical child care visits and inoculations. IS HEALTH INSURANCE NECESSARY? Health
insurance is necessary for peace of mind. It provides the guarantees that
your families medical care will be taken care when the need arises.
Health insurance lets those who depend upon you know that even if an
unforeseen medical emergency arises, you have taken care to provide medical
insurance to take care of your family. Since health insurance premiums
and plans are so easy to adjust for your families budget it is now a simple
matter to protect your families most important asset.... Health. INDIVIDUAL
HEALTH INSURANCE VS. EMPLOYER'S GROUP HEALTH INSURANCE Current competition among health insurance companies has
dramatically reduced the difference in cost and benefits between individual
and group insurance benefits and premiums. As such you should carefully
evaluate your options when selecting the best health insurance plan for your
needs. Evaluate
the costs and benefits available when deciding the type of plan to purchase.
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