ARKANSAS MEDICAL AND HOSPITAL SERVICE

Arkansas Blue Cross differs from commercial insurers in several ways. Arkansas Blue Cross is a not-for-profit mutual insurance company. That means that nearly all the money we collect as premium is paid out in benefits for customers - on the average, nearly 85 cents of every dollar. The remainder - about 15 cents of every dollar - is used for operating expenses and reserve funds, which we are required by law to maintain... As a not-for-profit, mutual insurance company, Arkansas Blue Cross is owned by its policyholders, not by stockholders. This means that premium dollars are used solely to pay claims and administrative costs, not to pay stock dividends. Any excess funds are held in reserve for payment of future claims. Arkansas Blue Cross must maintain a fiscal balance between premium income and benefits paid to ensure that we have the ability to continue to offer these products and to pay policyholder claims in the future... Founded in 1948, Arkansas Blue Cross and Blue Shield, an..

Also known as: Arkansas Blue Cross, Arkansas Medical and Hospital Service, Inc., USAble Mutual Insurance Company

Primary location: Little Rock United States