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difference between blue cross and blue shield californriadifference between blue cross and blue shield californria
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blue cross blue shield wisconsin blue cross shield florida premera blue cross blue shield blue cross blue shield of nevada curves blue cross blue shield examples memos by blue cross blue shield blue cross blue shield nm blue cross blue shield of arkansas tennessee blue cross blue shield blue cross blue shield of florida competition blue cross blue shield of wisconsin employment bluecross blue shield of louisiana blue cross blue shield suppemental plans for seniors blue cross blue shield madison park winston salem nc federal blue cross blue shield dental blue cross blue shield of montana blue shield and riverside county employees state of georgia blue cross blue shield bluechoice blue cross blue shield californai By: Ivon T. Hughes Blue Cross Blue Shield of Michigan will start a new company that will offer long term care insurance policies beginning in July 2006 and concentrate on providing long-term care services to individuals. The individual policies would include coverage for assisted living and nursing care but there would be no group coverage products available. CHRONIC ILLNESSES CAN BE COVERED BY LONG TERM CARE INSURANCE Unlike traditional medical insurance coverage, long term care coverage helps patients address chronic illnesses and disabilities that employer policies and Medicare don't cover. They usually include meals and help with daily activities such as bathing and getting dressed. This will help protect them as the average cost of nursing home care is more than $50,000 a year, according to the AARP. U.S. Census data suggest that the population of people 65 and older will double to more than 70 million by 2030. Meanwhile the average growth in the number of long term care policies has been 18% a year. COMPANY WILL GO NATIONAL WITH ITS LONG TERM CARE INSURANCE The new company expects to have 12 employees the first year and expects to expand its long term care business to other states. Currently, there are about 100 insurance companies, across the nation that sell long term health insurance products. Blue Cross Blue Shield of Michigan, which provides health care benefits to 4.7 million members, will be the sole investor in the newly formed company. "What you will see, traditionally, is that there have been several companies that offer such products," said Mohit Ghose, a spokesman for America's Health Insurance Plans, a Washington, D.C. based healthcare association representing 1,300 member insurance companies. "I think more choice for consumers is always a good thing." About The Author: |