With all of the challenges that the healthcare industry brings, Blue Cross and Blue Shield of Illinois continues to rise to the occasion, enabling new discoveries and continuing to be evolved. Here is some background on this leading healthcare provider and some of the benefits. BCBSIL is one of the most recognized names in the health insurance industry not only in the US but internationally.

BCBSIL has a presence in over 170 countries throughout the world. More than 106 million Americans are insured by BCBSIL.

The history of BCBSIL begins in 1929 when Justin Ford Kimball first started a health insurance company for teachers. Back in the day, it was called Blue Cross. Blue Shield was initially an insurance plan for employers of mining camps in the Pacific Northwest. These two companies merged in 1982, officially calling themselves Blue Cross and Blue Shield of Illinois.

Here are some of the benefits of being part of Blue Cross and Blue Shield of Illinois.

  • Many health insurance options through BCBSIL. There are many plans fitting different types of individual or family circumstances, no matter what an individual family size, situation, or budget.
  • FSA Accounts. FSA plans are available for families with a limited budget who still need to join a health insurance policy. With this type of account, you can save money tax-free to apply to your health insurance deductible or other health insurance-related expenses. Subscribers have money deducted directly from their paycheck if they choose. BCBSIL has its own bank administering this plan and it is called Blue Healthcare Bank. The bank assists members with deposits and withdrawal. They also assist with other questions or issues that arise.
  • HSA Accounts. Similar to the FSA, but money can only be used for medically qualifying expenses. Many people participate with these accounts to save up money to apply toward a high-deductible policy.  One advantage is that you save money towards a deductible, enjoying the low premium cost of a high-deductible health insurance policy. Here’s more about what you need to know andwhether you qualify for a HSA.
  • Health Reimbursement Arrangements (HRA).  This plan is for employers that are not in a position to afford to provide full health benefits to employees but they still want to offer some type of health benefit. Typically, a predetermined amount of money will be disbursed to employees for special medical expenses either for himself or his family.  These expenses include prescriptions, co-payments, and other types of medical expenses.

We are a Chicago-based business that provides guaranteed acceptance for HSA plans to those under 65, with Medicare supplements as low as $51.00 a month. Even if you have had trouble getting approval in the past, we can help you find coverage for a lower price than you could expect elsewhere. We are here to help with all of your HSA insurance needs and are dedicated to helping you find the plan that is right for you. To learn how I can better help you find the plan that’s right for you, visit  Thomas Miroballi  to learn more about my services, or call 630-863-3477 today!