Blue Cross Blue Shield Surplus Determination
In 2005, the Insurance Department completed its analysis of the reserve and surplus applications for the Pennsylvania Blue Cross Blue Shield health-insurance plans -- namely Capital Blue Cross; Highmark Inc.; Hospital Service Association of Northeastern Pennsylvania d/b/a Blue Cross of Northeastern Pennsylvania; and Independence Blue Cross. As a result, the department developed a new model in its analysis. The levels used in the model are lower and more stringent than any threshold for excess surplus in the country based on risk-based capital. Details regarding the findings and current surplus levels pursuant to that model may be found below.
Statements of Surplus Levels for Blue Cross Blue Shield Plans:
- 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006
- 2005
- June 2005 - Report from the Legislative Budget and Finance Committee: Considerations for Regulating Surplus Accumulation and Community Benefit Activities of Pennsylvania Blue Cross and Blue Shield Plans
- June 16, 2005 - Letter from Commissioner Koken to Senator Tomlinson regarding the Lewin Group Report
- February 9, 2005 - Insurance Department Announces Decision on Reserve and Surplus Levels of State Blue Plans
Historical Information on the Surplus Levels:
2004:
- October 21, 2004 - Department asks additional questions to each Blue Cross Blue Shield Plan relating to their reserve and surplus applications. To view the public responses:
- BCBS response to public comments:
- September 9, 2004 - Insurance Department Extends Deadline For Public Comments On Blue Cross, Blue Shield Plans’ Surplus Applications
- August 16, 2004 - Start of the public comment period for Blues Reserve, Surplus Applications
- August 6, 2004 - Notice in the Pennsylvania Bulletin regarding the start of the public comment period
- July 13, 2004 - closed hearing in Commonwealth Court to address the issue of confidentiality surrounding the Blues reserve/surplus applications
- January 16, 2004 - Notice in the PA Bulletin: Blue Cross Blue Shield Plans to File Applications Regarding Surplus and Reserve Levels