BCBSAR - Blue Cross Blue Shield of Arkansas

Overview of Arkansas Blue Cross and Blue Shield - BCBSAR

Founded in 1948, Arkansas Blue Cross and Blue Shield, an independent licensee of the Blue Cross and Blue Shield Association, is the largest health insurer in Arkansas, serving more than 825,000 Arkansans. One of its subsidiaries, USAble Life, is the largest group life insurer in the state, with more than $6.8 billion in force.

Arkansas Blue Cross and its USAble family of companies have more than 2,200 employees. Arkansas Blue Cross and its affiliates provide health care financing for approximately 30 percent of Arkansans.

Non-profit Organization

Arkansas Blue Cross differs from commercial insurers in several ways. Arkansas Blue Cross is a non-profit mutual insurance company. That means that nearly all the money collected as premium is paid out in benefits for customers
-- on the average, nearly 85 cents of every dollar. The remainder -- about 15 cents of every dollar -- is used for operating expenses and reserve funds, which Arkansas Blue Cross is required by law to maintain.

As a non-profit, mutual insurance company, Arkansas Blue Cross is owned by its policyholders, not by stockholders. This means that premium dollars are used solely to pay claims and administrative costs, not to pay stock dividends. Any excess funds are held in reserve for payment of future claims. Arkansas Blue Cross must maintain a fiscal balance between premium income and benefits paid to ensure that we have the ability to continue to offer these products and to pay policyholder claims in the future.

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Blue Cross of Arkansas is an Independent Licensee of the Blue Cross Blue Shield Association