Health Care Service Corp - Company Profile
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Health Care Service Corp (HCSC) is a mutual legal reserve company. It is an independent licensee of the Blue Cross and Blue Shield Association, operating as a customer-owned health insurer in the US. The company provides health insurance services through its Blue Cross and Blue Shield Plans in several states, focusing on expanding access to high-quality, cost-effective health care. HCSC offers a range of products, including life and dental insurance, health insurance and pharmacy solutions. These plans may include unique features or cater to specific needs of customers. The company's services cater to a diverse customer base, including individuals, families, and employers, across various sectors. HCSC operates through a network of local offices and partners with physicians, hospitals, and community-based health organizations. The company serves members in Illinois, Montana, New Mexico, Oklahoma, and Texas. HCSC is headquartered in Chicago, Illinois, the US.
Headquarters
United States of America
Address
300 East Randolph Street, Chicago, Illinois, 60601
Website
www.hcsc.com
Telephone
1 800 6547385
No of Employees
30,000
Industry
Financial Services
Revenue (2024)
$62.8B
Health Care Service Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product: | Life, Disability and Dental Solutions |
| Health Insurance | Medical Policies Category: |
| Medicine | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Divestiture | In October, the company sold Dearborn Group’s life and disability business (LAD) to Symetra Life Insurance company. |
| 2025 | Corporate Changes/Expansions | In September, the company expanded its National footprint for Medicare Advantage Products in 948 counties in 30 states and the District of Columbia. |
| 2025 | Plans/Strategy | In September, the company announced its plan to invest more than US$9 million to non-profit community organizations through its major grant program. |
Competitor Comparison
| Key Parameters | Health Care Service Corp | UnitedHealth Group Inc | Elevance Health Inc | Humana Inc | Aetna Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Chicago | Eden Prairie | Indianapolis | Louisville | Hartford |
| State/Province | Illinois | Minnesota | Indiana | Kentucky | Connecticut |
| No. of Employees | 30,000 | 400,000 | 104,200 | 65,680 | - |
| Entity Type | Private | Public | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Maurice Smith | President; Chairman; Chief Executive Officer | Executive Board | 2020 | - |
| James Walsh | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | - |
| Michael Frank | Chief Operating Officer; Executive Vice President | Senior Management | 2022 | - |
| Catherine Nelson | Executive Vice President; Chief Legal Officer | Senior Management | 2020 | - |
| Jill Wolowitz | Executive Vice President; Chief Ethics and Compliance Officer; Chief Administrative Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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