BCS Financial Corporation

Oakbrook Terrace,  IL 
United States
http://www.bcsf.com
  • Booth: 10265


Grow. Diversify. Protect.

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.

Brands: Insurance Solutions Tailored for Part-time, Seasonal Workers - Limited Benefit, Accident, Critical Illness, Hospital Indemnity


 Press Releases

  • OAKBROOK TERRACE, Ill., Sept. 10, 2018 – BCS Financial announces today a new hospital indemnity product available to help consumers pay for out-of-pocket medical expenses related to hospitalization. The product, underwritten by BCS Insurance Company, is now available in 37 states.

    “Over the last 10 years, we’ve seen health insurance costs and deductibles rising faster than consumer wages, creating significant gaps in the affordability of care,” said BCS Financial Senior Vice President, Marketing, Product and Strategic Ventures, James Drew. “EssentialCare Group Hospital Indemnity coverage solves for these benefit gaps by protecting the financial wellness of healthcare consumers in the event of a hospitalization.”

    EssentialCare Group Hospital Indemnity includes 39 benefits types that can be tailored to complement any underlying major medical or supplemental coverage an employer may offer. Employers can select benefit durations, benefit amounts and a wide range of optional coverages, including HSA compatibility. Other key plan features include:

    • Guaranteed issue coverage
    • No network or coordination of benefits
    • Flexible plans with available benefits such as hospital admission, inpatient, outpatient, diagnostics services, transportation, family lodging, and dependent adult and pet care
    • Fixed payments made directly to the member to spend as they choose

    “When a hospitalization occurs, the focus should be on recovery, not finances,” Drew said. “EssentialCare Group Hospital Indemnity helps reduce the burden of medical bills associated with a hospital stay and adds to our portfolio of accessible and affordable ancillary product solutions.”

    EssentialCare Group Hospital Indemnity is 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.


 Products

  • EssentialCare - Limited Benefit Coverage
    Expands work-site benefits to uninsured hourly and seasonal workers. From fixed indemnity medical to dental, vision, and Rx, EssentialCare is an easy way for employers to provide access to healthcare to cost-sensitive employees.
    ...

  • EssentialCare Highlights
    • No pre-existing condition limitations
    • Dependable administration
    • No medical underwriting
    • No deductibles
    • Dependent coverage for all plans
    • No coordination with other plans
    • Employer contributions not required
    • Fixed indemnity medical with Rx insurance coverage
    • Ancillary lines such as dental and vision
    • Flexible plan design allows for customizable programs
    • Coverage for physician office visits, hospital services,surgical procedures, and more
    BCS Insurance Limited Benefit Markets
    • Employer/employee relationship with 100+ hourly employees
    • Young populations with average age under 45
    • High turnover and/or maximum 60-day waiting period-based populations
    Industries include national restaurant franchises, hotel chains, and department stores
  • EssentialCare - Group Critical Illness
    Voluntary insurance that helps cover the costs of life-changing illnesses and health events
    ...

  • EssentialCare Group Critical Illness Highlights: 

    • Pays a lump-sum benefit upon diagnosis of a covered illness or life-changing health event
    • Payments can be used to pay for major medical copays and deductibles, or additional expenses, like transportation, child care, and more
    • Benefits payable for up to 35 adult and 8 childhood conditions or illnesses, including support services like wellness, dependent child and adult care and more in select states
    • Includes groundbreaking mental health rider to provide coverage for severe mental illness (in available states, see Plan for details)
    • Customizable Plan designs to match underlying major medical coverage
  • EssentialCare - Group Hospital Indemnity
    Voluntary insurance that provides fixed payments to help manage costs arising from hospital stays
    ...

  • EssentialCare Group Hospital Indemnity Highlights:

    • Pays a lump-sum benefit when the insured or a covered dependent is admitted and when they are confined to a hospital due to a covered accident or illness
    • Payments can be used to pay for major medical copays and deductibles, or additional expenses, like transportation, child care, and more
    • Adaptable plan designs feature up to 39 benefit types (based on state availability, see Plan for details), providing HSA compatibility or broader benefit offerings
    • Tailor benefit design with features like guaranteed issue and portability, and a wide range of contribution options and buy-up alternatives
    • Customizable Plan designs to match underlying major medical coverage
  • EssentialCare - Group Accident Indemnity
    Voluntary insurance that helps pay for unexpected out-of-pocket costs that results from an accidental injury
    ...

  • EssentialCare Group Accident Highlights: 

    • Pays a lump-sum benefit when the insured or a covered dependent has a covered accident or injury
    • Payments can be used to pay for major medical copays and deductibles, or additional expenses, like transportation, child care, and more
    • Expansive benefit offerings including a Non-Professional Organized Sports benefit and AD&D benefit built in to certificate
    • Immediate coverage available – guaranteed issue available, with no underwriting and no waiting period for coverage to kick in
    • Customizable Plan designs to match underlying major medical coverage

 Additional Info

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