BCS Financial Announces New EssentialCare Accident and Critical Illness Products


Products Provide Affordable Solutions to Protect Against Rising Healthcare Costs

BCS Financial, a national insurance organization owned by all 36 Blue Cross Blue Shield Plans, announces today it has expanded its EssentialCare line of products to include Group Accident and Group Critical Illness policies. The products, underwritten by BCS Insurance Company, help protect consumers from the rising costs of out-of-pocket medical expenses.

“Research shows us that many Americans with health insurance struggle to pay for deductibles, copays, and coinsurance, leaving them at financial risk,” said BCS Financial Senior Vice President, Marketing, Product, and Strategic Ventures, James Drew. “Ancillary products like Accident, Critical Illness, and Hospital Indemnity can help bridge the gap and offer financial protection when a serious accident, injury, or illness occurs.”

EssentialCare Group Accident Indemnity and Critical Illness join the Hospital Indemnity product launched Fall 2018 to create a suite of easy, affordable, and adaptable solutions for employers and their employees. All products include:

·         Guaranteed issue, with no networks or coordination of benefits

·         Flexible plan design, enrollment, and onboarding options

·         Broad set of benefits from which to choose

·         Fixed payments made directly to the member to spend as they choose

·         Best-in-class administration

·         A unique suite of caregiver and support service coverages in eligible states, such as wellness, dependent adult and child care, transportation, lodging, and more

Accident Indemnity

The EssentialCare Accident policy features up to 54 benefit types, including a Non-Professional Organized Sports benefit and Accidental Death and Dismemberment (AD&D) benefit built into the certificate. 24-hour and off-the-job coverage is available.

Critical Illness

The EssentialCare Critical Illness policy provides coverage for up to 35 of the most significant and frequent critical illnesses, plus eight childhood conditions. The product is a finalist for the Insurance Nexus “New Product of the Year Award”, thanks to its new-to-market, groundbreaking mental health rider available to provide coverage for severe mental illness.

“EssentialCare products are modular and adaptable to provide the most options for employer groups,” Drew said. “We have a robust set of benefits to fit employer needs and underlying plan designs – whether a group is looking for a base plan with HSA compatibility, or a benefit-rich design to support employee lifestyles, we can provide the coverage they need.”

All EssentialCare products are underwritten by BCS Insurance Company, and available exclusively through BCS brokers and the BCS Insurance Agency. To learn more about BCS Financial, visit bcsf.com.

About BCS Financial Corporation

BCS Financial Corporation has more than 70 years of experience delivering a wide range of insurance and financial solutions for Blue Cross and Blue Shield organizations nationwide. Through its subsidiaries, BCS Insurance Company and 4 Ever Life Insurance Company, BCS is licensed in all 50 states and is rated A- (Excellent) by A.M. Best. BCS Financial is headquartered in Oakbrook Terrace, Ill. Learn more at bcsf.com.

About EssentialCare Group Products

ESSENTIALCARE LIMITED BENEFIT, GROUP ACCIDENT, GROUP CRITICAL ILLNESS AND GROUP HOSPITAL INDEMNITY ARE LIMITED BENEFIT POLICIES - READ YOUR POLICY CAREFULLY. THESE POLICIES ARE NOT MAJOR MEDICAL INSURANCE AND ARE NOT INTENDED TO BE A SUBSTITUTE FOR MAJOR MEDICAL COVERAGE. BCS EssentialCare insurance products are underwritten by BCS Insurance Company, OH (Administrative Offices: Oakbrook Terrace, IL). See policy documents for a complete description of benefits, exclusions, limitations, and conditions of coverage. Features and availability by vary by location and are subject to change. In some states, EssentialCare products are pending regulatory approval.


For more information, please contact Nathan Post at 630.472.7860.

Source: BCS Financial