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August 02, 2015 5:03 AM ET

Insurance

Company Overview of Blue Cross and Blue Shield of Massachusetts, Inc.

Company Overview

Blue Cross and Blue Shield of Massachusetts, Inc. provides health insurance services for individuals, families, and businesses in Massachusetts. It offers insurance, pharmacy coverage, and Medicare plans for seniors; life and disability insurance; and insurance for individuals. The company also provides individual health plans, vision insurance, federal employee plans, and dental plans. In addition, it operates a plan education center that caters to health insurance related queries. Blue Cross and Blue Shield of Massachusetts, Inc. was formerly known as Blue Cross and changed its name to Blue Cross and Blue Shield of Massachusetts, Inc. in 1988. The company was founded in 1937 and is based i...

401 Park Drive

Landmark Center

Boston, MA 02215-3326

United States

Founded in 1937

Phone:

617-246-5000

Fax:

617-832-4832

Key Executives for Blue Cross and Blue Shield of Massachusetts, Inc.

Chief Executive Officer, President and Director
Chief Financial Officer and Executive Vice President
Chief Operating Officer
Chief Executive Officer of Zaffre Investments and President of Zaffre Investments
Chief Legal Officer and Executive Vice President of Medicare
Compensation as of Fiscal Year 2015.

Blue Cross and Blue Shield of Massachusetts, Inc. Key Developments

Blue Cross Blue Shield of Massachusetts Announces Board Appointments

Blue Cross Blue Shield of Massachusetts has appointed Francis Callahan, Jr. and Donald Stern to its board of directors. Francis (Frank) X. Callahan, Jr. has served as the President of the Massachusetts Building Trades Council since 2007. He began his career in the labor movement with the Pioneer Valley Building and Construction Trades Council. He was appointed Legislative Director for the Massachusetts Building Trades Council in 1996. He is a member of the International Union of Painters & Allied Trades Local 939. Mr. Stern is the Managing Director of Corporate Monitoring and Consulting Services at Affiliated Monitors and Of Counsel at Yurko, Salvesen & Remz, P.C. He has had a diverse and distinguished legal career evenly split between private practice and public service. He has been a partner at three major law firms including Cooley, Bingham McCutchen, and Hale & Dorr (now Wilmer Hale).

Blue Cross Blue Shield of Massachusetts, Inc. and Blue Cross Blue Shield of Massachusetts HMO Blue, Inc. Reports Combined Earnings Results for the Third Quarter of 2014

Blue Cross Blue Shield of Massachusetts, Inc. and Blue Cross Blue Shield of Massachusetts HMO Blue, Inc. reported combined earnings results for the third quarter of 2014. The companies reported an after-tax net income of $30 million in the third quarter. The results reflect an operating loss of $4.3 million.

Texas Woman Alleges Blue Cross Blue Shield Wrongfully Denied Her Claim for Spinal Surgery That Occurred in 2013 in Germany

A Texas woman alleged Blue Cross Blue Shield wrongfully denied her claim for spinal surgery that occurred in 2013 in Germany. According to the lawsuit filed in Travis County District Court by Kerri Kirby, Blue Cross initially approved the procedure that was scheduled to be performed by a German physician who was a member of the insurer's international preferred provider network. However, after Kirby underwent the procedure, Blue Cross rejected a claim for $68,000 in medical expenses, asserting Kirby's policy does not cover 'medical tourism.' Kirby claims she elected to have the surgery performed in Germany because doctors in Texas told her their procedure would result in long-term deficits. The lawsuit alleges the procedure in Germany resulted in no permanent problems. The lawsuit alleges breach of contract and violations of the Texas Insurance Code.

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