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- Regence Blue Cross Blue Shield of Utah Fact Sheet (as of January 2004)
- Regence Blue Cross Blue Shield of Utah serves more than 400,000 members.
- Regence Blue Cross Blue Shield of Utah has more than 3,950 physicians and providers in our networks.
- We have offices in Salt Lake City, Ogden and Provo.
- Our service area covers the entire state of Utah with our Traditional and Regence ValueCare networks. The Regence HealthWise service area consists of the Wasatch Front.
- The president of our company is Scott Ideson.
- Regence Blue Cross of Utah has 857 employees.
- Regence Blue Cross of Utah processes 410,000 claims per month.
- Regence Blue Cross of Utah paid out almost $723 million in claims in 2003.
- Regence Blue Cross Blue Shield of Utah (Regence BCBSU) is the state’s largest insurer.
Our products and plans include Individual, Group, Medicare Supplement and Life & Disability. The company’s operating expense ratio – 9.3 percent – is one of the lowest in the nation among health insurers.
History
Regence Blue Cross of Utah was founded in 1942 as Utah’s first health insurance carrier when six hospitals formed the Intermountain Hospital Plan (IHP). Two years later, a physicians’ group began an active sales campaign with IHP to offer both physician and hospital benefits. Within two years there were 100,000 enrollees. By 1966, Regence Blue Cross Blue Shield of Utah was the administrator for Medicare Parts A and B. In 1982, Regence Blue Cross of Utah developed HealthWise, one of Utah’s first HMOs. In 1984, the ValueCare PPO network was created. The company experienced rapid enrollment growth in the 1990s. In 2002, the company launched BlueChoicesSM, a new suite of products unlike any option ever introduced in the Utah market. BlueChoices is a consumer-directed suite of products that has proven to be the most successful and fastest growing offering ever for the company.
To download an application for Regence BlueCross BlueShield of Utah, please click here. To apply online instantly, please click here.
To download details on Regence BlueCross BlueShield of Utah plans, please click here.
Regence Blue Cross Blue Shield of Utah also allows you to use hospitals that are out-of-network.
