Horizon Blue Cross Blue Shield of New Jersey, headquartered in

Newark Newark most commonly refers to: * Newark, New Jersey, city in the United States * Newark Liberty International Airport, New Jersey; a major air hub in the New York metropolitan area Newark may also refer to: Places Canada * Niagara-on-the ...

New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...

is the only licensed

Blue Cross and Blue Shield Association Blue Cross Blue Shield Association (BCBS, BCBSA) is a federation, or supraorganization, of, in 2022, 34 independent and locally operated BCBSA companies that provide health insurance in the United States to more than 106 million people. It was ...

plan in

, providing

health insurance Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among ma ...

coverage to over 3.2 million people throughout all of New Jersey. It is a not-for-profit health service corporation with a 17-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 The term managed care or managed healthcare is used in the United States to describe a group of activities intended to reduce the cost of providing health care and providing American health insurance while improving the quality of that care ("man ...

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

, for many years occupying 33 Washington Street, and now owning its own building at

Penn Plaza East The Penn Plaza East complex takes its 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 and ...

Awards and recognition

In January 2016, Horizon BCBS announced their newest endeavor to improve care quality and lower costs through their Omnia Health Alliance. The new Omnia health insurance plans provide access to all of Horizon's network hospitals with some of them being designated as Tier 1 with greater cost savings for consumers.

References

Sources

Hartz Mountain Developments

Eporis.com: Blue Cross Blue Shield of New Jersey Headquarters

Skyscraperpage: 3 Penn Plaza East

External links

* Companies based in Newark, New Jersey 1932 establishments in New Jersey Health maintenance organizations Members of Blue Cross Blue Shield Association Medical and health organizations based in New Jersey {{US-health-org-stub