Health Care Service Corporation

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Health Care Service Corporation (HCSC) Founded in 1936, Health Care Service Corporation is a non-investor-owned mutual insurance company that operates the Blue Cross and Blue Shield Plans in Illinois, New Mexico, Oklahoma and Texas.

With approximately 11.5 million members in its health plans, HCSC is the largest non-investor-owned health insurance company in the nation and the fourth largest health insurer overall.

HCSC, through its Blue Cross and Blue Shield Plans, offers PPO, HMO, POS, traditional indemnity, and Medicare Supplemental health plans. Through its subsidiary, Dental Network of America, HCSC offers group dental plans.

In addition, HCSC’s life insurance subsidiaries, Fort Dearborn Life Insurance Company in Illinois and Colorado Bankers Life Insurance Company in Colorado, operating as Preferred Financial Group, offer life insurance and financial products.

HCSC operated as Blue Cross and Blue Shield of Illinois until 1998 when it merged with Blue Cross and Blue Shield of Texas. In 2001, HCSC acquired Blue Cross and Blue Shield of New Mexico. In 2005, HCSC merged with Blue Cross and Blue Shield of Oklahoma.

HCSC’s approximately 15,500 employees are located in more than 55 offices in several states. HCSC is recognized by DiversityInc as one of the top five companies in the United States and is the highest ranking health insurer on the magazine’s Top 50 Companies for Diversity list.

Among its varied community involvement activities, HCSC sponsors CareVans in each of the states where it has a Blue Cross and Blue Shield Plan. The program uses mobile clinics to provide health care services such as childhood immunizations and health information to underserved communities, both inner city and rural.

HCSC maintains its headquarters in Chicago and has a Standard and Poor’s “A+” rating, a Moody's "A1" rating and a rating of “A+” from A.M. Best Co.

HCSC is an independent licensee of the Blue Cross and Blue Shield Association.