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It is a not-for-profit [1] health service corporation with a 17-member Board of Directors [2] which governs the company for its members. There are no shareholders. Horizon Blue Cross Blue Shield of New Jersey is best known for their managed care and traditional indemnity plans for individuals and employers.
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HCSC was formerly known as Hospital Service Corporation and changed its name to Health Care Service Corporation in 1975. The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states ...
In 1964, the company changed its name to Blue Cross of Greater Philadelphia and in 1988, began doing business as Independence Blue Cross. [3] In October 2011, Independence launched a private, charitable foundation — the Independence Blue Cross Foundation, with a mission to transform health care through innovation in the communities it serves. [4]
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Image credits: TapDangerous1996 #6. I took out salary continuance insurance until I was 65 instead of just the 2 years I was originally thinking. I was only 35 when I did that.
The longer your time horizon is, the longer you have for compound interest to quickly grow your assets. Say you invest $10,000 in an account that pays 5% interest.