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Carefirst Blue Cross Blue Shield Ratings and Company Information
Best Insurance Reports: 64470
Best Rating: B+
Type of Insurance Company: Blue Cross and Blue Shield
Name of Parent Company:
Company History: CareFirst, Inc. is a not-for-profit, holding company with affiliates that provide managed care health services to more than 3 million members throughout the mid-Atlantic region. The company operates in Delaware through its affiliated company, Blue Cross Blue Shield of Delaware. In Washington, D.C. the company operates through its Group Hospitalization and Medical Services subsidiary and Maryland operations are conducted through CareFirst of Maryland. CareFirst also provides life insurance, physician practice management and third party administration services through several for-profit subsidiaries. CareFirst serves more than 3 million members including more than 500,000 federal government employees. The Delaware operation covers about 380,000 residents of Delaware with traditional indemnity plans as well as PPO, POS and other plans. Dental, vision supplemental Medicare and other plans are also offered. CareFirst traces its beginnings to a hospital association founded in Washington, D.C. in 1934.
Principle Sales Methods: CareFirst primarily sells its products through agents and brokers.
Health Business: Blue Cross and Blue Shield
Company Financial Status:
Assets & Premiums: CareFirst's total assets at year end 2006 were $3.46 billion and total revenues for 2006 were $5.5 billion.
Lines of Insurance:
States licensed to sell insurance in:
DC, MD, VA