Horizon Blue Cross and Blue Shield of New Jersey
Encyclopedia
Horizon Blue Cross Blue Shield of New Jersey, headquartered in Newark
, New Jersey
is the only licensed Blue Cross and Blue Shield Association
plan in New Jersey
, providing health insurance
coverage to over 3.2 million people throughout all of North
, Central
, and South Jersey
.
It is a not-for-profit, health service corporation with a 15-member Board of Directors 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.
The insurance provider has long been based in Newark
, for many years occupying 33 Washington Street, and now owning its own building at Penn Plaza East
.
Among the organizations that Horizon covers is North Hudson Regional Fire and Rescue
, which signed up with Horizon after ending their relationship with Cigna
.
Newark, New Jersey
Newark is the largest city in the American state of New Jersey, and the seat of Essex County. As of the 2010 United States Census, Newark had a population of 277,140, maintaining its status as the largest municipality in New Jersey. It is the 68th largest city in the U.S...
, New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
is the only licensed Blue Cross and Blue Shield Association
Blue Cross and Blue Shield Association
The Blue Cross Blue Shield Association is a federation of 39 separate health insurance organizations and companies in the United States. Combined, they directly or indirectly provide health insurance to over 100 million Americans. The history of Blue Cross dates back to 1929, while the history of...
plan in New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
, providing health insurance
Health insurance
Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is...
coverage to over 3.2 million people throughout all of North
North Jersey
North Jersey is a colloquial term, with no precise consensus definition, for the northern portion of the U.S. state of New Jersey. A straightforward, noncolloquial term for the region is northern New Jersey.- Two-portion approaches :...
, Central
Central Jersey
Central Jersey is a common designation for a region of the state of New Jersey in the United States of America. Trenton is considered the boundary between designated "North Jersey" and "South Jersey"...
, and South Jersey
South Jersey
South Jersey comprises the southern portions of the U.S. state of New Jersey between the lower Delaware River and the Atlantic Ocean. The designation is a colloquial one, reflecting not only geographical but perceived cultural differences from the northern part of the state, with no official...
.
It is a not-for-profit, health service corporation with a 15-member Board of Directors 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
Managed care
...intended to reduce unnecessary health care costs through a variety of mechanisms, including: economic incentives for physicians and patients to select less costly forms of care; programs for reviewing the medical necessity of specific services; increased beneficiary cost sharing; controls on...
and traditional indemnity plans for individuals and employers.
History
Horizon BCBSNJ traces its history back to 1932 when Associated Hospitals of Essex County, Inc. was formed as a multi-hospital prepayment plan. The company later became the nation's first Blue Cross Plan.The insurance provider has long been based in Newark
Newark, New Jersey
Newark is the largest city in the American state of New Jersey, and the seat of Essex County. As of the 2010 United States Census, Newark had a population of 277,140, maintaining its status as the largest municipality in New Jersey. It is the 68th largest city in the U.S...
, for many years occupying 33 Washington Street, and now owning its own building at Penn Plaza East
Penn Plaza East
The Penn Plaza East complex takes it name for its location near Penn Station in Newark, New Jersey. Fronting Raymond Boulevard on the banks of the Passaic River, the two office buildings were constructed during a period in the late 1980s/early 1990s when they and numerous postmodern skyscrapers...
.
Among the organizations that Horizon covers is North Hudson Regional Fire and Rescue
North Hudson Regional Fire and Rescue
North Hudson Regional Fire and Rescue provides fire protection and medical assistance to the North Hudson communities of North Bergen, Union City, Weehawken, West New York, and Guttenburg, New Jersey. The fire department serves a population of over 195,000 people.Its members numbered 76 when it...
, which signed up with Horizon after ending their relationship with Cigna
CIGNA
Cigna , headquartered in Bloomfield, Connecticut, is a global health services company, owing to its expanding international footprint and the fact that it provides administrative services only to approximately 80 percent of its clients...
.