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Blue Cross and Blue Shield of Illinois - HSA

 

Blue Cross and Blue Shield of Illiinois
  • Illinois' Most Popular Health Insurance
  • Submit BCBSIL's Official Online Application

Overview of HSA Plans

Following are summary comments on the Blue Cross and Blue Shield of Illinois Health Savings Account (HSA)-compatible plans:



Illinois's Leading Health Insurer
BlueEdge is Health Savings Account (HSA)-compatible coverage from Illinois' #1 health insurer.  Highlights include:
  • 100% network coverage option
  • $5 million lifetime maximum
  • $500 annual preventive care benefits for adults and children
  • Illinois' largest PPO network
Other BlueEdge HSA plan considerations
  • Competitive pricing
  • Comprehensive major medical coverage
  • Deep discounts from PPO hospitals and from PPO doctors
  • Optional maternity (1 year benefit waiting period)
Deductible Options
BlueEdge has three deductible options that can combined with either 100% or 80% network coverage:
  • $1150 single / $2300 family
  • $1750 single / $3500 family
  • $2600 single / $5200 family
  • $3500 single / $7000 family

HSA Administration
Setting up a Health Savings Account (HSA) is optional.

If you purchase BlueEdge HSA-compatible coverage and choose to establish an HSA, you can establish an account with any HSA administrator you choose.



Highest Deductible Option
If you're looking for a higher deductible HSA plan, consider the low cost BlueEdge 5000.  Highlights include:
  • $5000 single deductible / $10,000 family deductible
  • 100% network coverage
  • $5 million lifetime maximum
  • $500 annual preventive care benefits for adults and children
  • Illinois' largest PPO network
Other BlueEdge HSA plan considerations
  • Competitive pricing
  • Comprehensive major medical coverage
  • Deep discounts from PPO hospitals and from PPO doctors
  • Optional maternity (1 year benefit waiting period)

HSA Administration
Setting up a Health Savings Account (HSA) is optional.

If you purchase BlueEdge 5000 HSA-compatible coverage and choose to establish an HSA, you can establish an account with any HSA administrator you choose.

Outstanding PPO Network

All HSA-compatible plan options utilize the extensive Blue Cross and Blue Shield of Illinois PPO network (including over 90% of Illinois physicians), and provide nationwide PPO access through the Blue Card Program, which represents the combined PPO networks of the USA's Blue Cross and Blue Shield plans.

Not only do Blue Cross and Blue Shield of Illinois HSA-compatible plan customers get maximum freedom in choosing PPO providers, they also pay less for health care services.  This is because of the advantageous fees BCBSIL has negotiated with participating providers.

HSA Administration Choices

When you purchase HSA-compatible coverage from Blue Cross and Blue Shield of Illinois, you can choose from many financial institutions to establish an HSA.

We encourage our clients to shop around for HSA services, but if you're inclined to keep administration of your Health Savings Account in the Blue Cross and Blue Shield family, take a look at services offered by Blue Healthcare Bank, an independent licensee of the Blue Cross and Blue Shield Association.

MedPlan Access doesn't endorse any insurance company/bank HSA arrangements, but Blue Healthcare Bank is a safe choice.  If you establish an HSA with Blue Healthcare Bank and later decide you'd prefer another financial institution, you can make a change while maintaining your HSA-compatible health insurance with Blue Cross and Blue Shield of Illinois.

BCBSIL is Illinois' Top Health Insurer

Insuring over 4 million Illinois residents, Blue Cross and Blue Shield of Illinois is the state's oldest and largest health insurance company, with a six-decade tradition of providing high-quality, affordable healthcare plans.

BCBSIL part of Health Care Service Corp

Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company, does business through its corporate divisions, Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Texas, Blue Cross and Blue Shield of New Mexico and Blue Cross and Blue Shield of Oklahoma.

The Blue Cross and Blue Shield Association licenses Health Care Service Corporation to offer certain products and services under the Blue Cross and Blue Shield brand names.

HCSC Financial Statistics

2007 Revenue

2007 Net Income

Total Assets as of 12/31/2007:

$14,348,400,000

$865,700,000

$10,007,000,000


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