Lines of Insurance:
Health

States licensed to sell insurance in:
MN

Type of Insurance Company: Blue Cross and Blue Shield

Name of Parent Company:
Blue Cross and Blue Shield of Minnesota

Company Overview:

Company History: Blue Cross and Blue Shield of Minnesota (BCBSM) is the oldest and largest health insurance carrier in Minnesota offering a complete range of group and non-group products including comprehensive health plans, major medical, PPO, consumer directed plans and HMO coverages through BCBSM and subsidiaries. Group offerings range from major national accounts to medium and small business coverages. Government employees and Medicare recipients are also customers. The company provides health coverage to more than 2.7 million members. A holding company, Aware Integrated, Inc., formed in 1994 allows for development and growth of new products and services such as pharmacy management services, dental services and other non-core businesses that BCBSM may wish to offer in Minnesota and elsewhere. Both non-profit and for-profit subsidiaries are affiliated with the company. Sales are made through several distribution channels that are designed for the specific products and services being offered and include BCBSM sales agents, independent agents and telemarketing. BCBSM has been operating in the state for 70 years.

Principal Methods: Sales are made through several distribution channels that are designed for the specific products and services being offered and include BCBSM sales agents, independent agents and telemarketing.

Health Business: Blue Cross and Blue Shield of Minnesota (BCBSM) is the oldest and largest health insurance carrier in Minnesota offering a complete range of group and non-group products including comprehensive health plans, major medical, PPO, consumer directed plans and HMO coverages through BCBSM and subsidiaries. Group offerings range from major national accounts to medium and small business coverages. Government employees and Medicare recipients are also customers. The company provides health coverage to more than 2.7 million members. A holding company, Aware Integrated, Inc., formed in 1994 allows for development and growth of new products and services such as pharmacy management services, dental services and other non-core businesses that BCBSM may wish to offer in Minnesota and elsewhere. Both non-profit and for-profit subsidiaries are affiliated with the company. Sales are made through several distribution channels that are designed for the specific products and services being offered and include BCBSM sales agents, independent agents and telemarketing. BCBSM has been operating in the state for 70 years.

Company Rating:
Best Insurance Reports: 60077
Best Rating: A

Company Financial Status:
Assets & Premiums: Total assets as of December 31, 2006 were $2.6 billion and total revenues for 2006 were $7.9 billion.