Company Research Report: Premera Blue Cross

Company Overview

• Name: Premera Blue Cross

• Mission: To serve our customers and their communities. Premera is committed to advancing health equity, focusing on mental health, hypertension, and more.

• Founded: No information is available

• Founders: No information is available

• Key People: No information is available

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known for: A not-for-profit healthcare company offering health plans in Washington state and Alaska. Premera is also recognized for its social impact initiatives, donating millions to local nonprofits since 2017.

Products

• Product Offerings:

• Individual Health Plans

• Available through the WA Healthplanfinder exchange for those experiencing a qualifying life event.

• Medicare Supplement Plans

• Options available for review, changes, and enrollment.

• Employer-Based Plans

• Health benefit plans designed for business needs, offering both Premera Blue Cross and Premera Blue Cross HMO options for businesses and employees.

• High-Level Description: Premera provides a range of health insurance plans catering to individual, employer-based, and Medicare needs, focusing on flexibility and comprehensive coverage for various consumer needs.

Recent Developments

• Exit from Medicare Advantage Market: Premera Blue Cross has announced its plan to exit the Medicare Advantage market as of January 1, 2025. This will not affect Premera Medicare Supplement plans and members.

• Cyberattack Incident: There was a cyberattack on Change Healthcare, a service provider to Premera, which affected a small percentage of its members.

• Kinwell Primary Care Partnership: Kinwell clinics provide primary care focusing on whole-person wellness, offering timely appointments both in person and virtually for Premera members in Washington.

• Social Impact Initiatives: Through Premera's Social Impact Program, grants have been awarded to organizations in Washington and Alaska focusing on behavioral health, health equity, and homelessness solutions.

Recent Product Launches

• No information is available

New Features/Additions

• No information is available

Partnerships

• Kinwell Clinics: Primary care partnership offering enhanced service provisions for members focusing on compassionate and whole-person health care.

Accreditations

• NCQA Accreditation: Premera Blue Cross is accredited by the National Committee for Quality Assurance.

Community Support and Engagement

• Social Responsibility: Premera has been actively involved in community support through donations and grants aimed at promoting social equity and addressing critical health issues like mental health and hypertension.

Legal and Compliance

• Civil Rights Compliance: Premera Blue Cross complies with Federal and Washington state civil rights laws, ensuring non-discriminatory practices across all services provided.

This report aims to encapsulate key insights and developments pertaining to Premera Blue Cross as found in the provided data, offering a comprehensive understanding of its market offerings, community engagements, and strategic directions.