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BlueCross BlueShield of South Carolina facts for kids

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BlueCross BlueShield of South Carolina
For-profit corporation
Industry healthcare insurance
Founded 1946 (Began)
1950 (Incorporated)
Founder South Carolina Hospital Service Plan
Headquarters Columbia, South Carolina
Key people
David Pankau,
Chief Executive
Ed Sellers,
Chairman, Board of Directors
Joe Sullivan,
Chairman, Board's Executive Committee
Number of employees
11,000+

BlueCross BlueShield of South Carolina (BCBSSC) is an independent licensee of the Blue Cross and Blue Shield Association. BCBSSC serves 21.5 million people through private business and government contracts.

BCBSSC has several subsidiaries, two of which are affiliates licensed with the Blue Cross and Blue Shield Association. Licensed subsidiaries include BlueCross BlueShield of South Carolina Foundation and BlueChoice HealthPlan. Non-licensed affiliates include Companion Captive Insurance Company, Companion Life, PGBA, LLC, Planned Administrators, Inc. (PAI) and TCC of South Carolina.

History

BCBSSC began as the South Carolina Hospital Service Plan, later becoming BlueCross of South Carolina (BlueCross), when the General Assembly passed legislation bringing this group into existence. In the spring of 1947, the South Carolina Hospital Service Plan merged with the Hospital Benefit Association of Greenville, giving them a financial base. In 1971, BlueShield of South Carolina merged with BlueCross to form the current company.

BlueChoice HealthPlan

BlueChoice HealthPlan was founded in 1984, originally as Companion HealthCare, and was the first health maintenance organization (HMO) offered by BlueCross BlueShield of South Carolina. To date, BlueChoice HealthPlan has nearly 200,000 members.

In 2008 the HMO added a Medicaid option called BlueChoice HealthPlan Medicaid for eligible South Carolinians.

In 2013, A.M. Best affirmed BlueChoice HealthPlan's A+ (Superior) financial strength rating as part of the group rating for BCBSSC.

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