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Domestic
& Foreign Health Insurance Providers
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in the United States, companies are usually organized and chartered
under the laws of one particular state and it is common for them to do
business
in many states.
A
company that operates its home office in the state where it is
organized is known in that state as a domestic company.
In any other states where they do business the
company is considered a
foreign company. If
the home office
of a company is located outside the United States, it is considered an
alien
company. No matter
whether it is
domestic, foreign or alien a company must be registered in every state
in which
they operate.
Blue
Cross/Blue Shield
These
service organizations represent producers cooperatives.
Hospitals and physicians who sponsor Blue
Cross/Blue Shield plans are
providing the insurance, therefore they are considered to be the
producers of
the cooperative.
Originally
Blue Cross and Blue shield were separate voluntary and tax-exempt
associations.
Blue Cross provided payments to hospitals and
Blue Shield covered
physicians, medical and surgical fees.
People originally covered under these plans
were traditionally known as
subscribers since Blue Cross and Blue shield differ from traditional
insurance
companies.
In
most states, the two have merged, but each
group still covers the expenses for which they were initially created.
Over the years the tax advantages they
originally enjoyed have
deteriorated and many states have removed their exempt status.
Additionally the federal Tax Reform Act of
1986 now makes them taxable as
insurance companies.
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Introduction To Health
Insurance
Summary Of Health
Insurance Policies
Disability
Income Insurance
Standard Medical
Insurance
What Your Policy
Should Pay For
Additional Coverage
Some Policies May Include
Medical Conditions
Your Policy May NOT Cover
Comprehensive (Major)
Medical Insurance
Traditional
Health Insurance Providers
Domestic, Foreign
& Alien Health Insurance
Providers
Health Maintenance
Organizations (HMO's)
Preferred Provider
Organizations (PPO's)
Group Health Insurance
Finding The Best
Health Insurance Deal For You
Glossary Of Health
Insurance Terms
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