Blue Cross Blue Shield of Texas officials said Baylor Scott & White Health officials have notified them that they are terminating their physician and hospital agreements on July 1, unless those agreements are modified.
If Blue Cross Blue Shield doesn't sign new contracts, BSW doctors, hospitals and other facilities won't be in the company members' network. BCBS officials said alternative network providers include: ParPlan, Blue Choice PPOSM, Blue EssentialsSM, Blue PremierSM, Blue Advantage HMOSM, BlueHPN®, Blue Cross Medicare Advantage (PPO)SM, Blue Cross Medicare Advantage (HMO)SM, and Medicaid.
"We have a long and positive relationship with BSW, but you are our priority," BCBS officials wrote on their website. "We want to reach an agreement that will continue to give you access to BSW doctors and hospitals at fair prices."
Baylor Scott & White officials said in a statement they are currently negotiating a new contract to cover care for patients with BCBS health insurance. BSW officials said nothing has changed right now with its agreement with BCBS, though. BSW officials noted on an FAQ page this negotiation impacts all BSW locations, including hospitals, urgent care, imaging centers, ambulatory surgery centers and free-standing clinics.
"Currently, patients with BCBSTX plans have in-network coverage with our providers and facilities, and we are working to reach a new agreement before July 1, 2024, to keep BCBSTX plan holders in-network," BSW officials said.
"Our patients are our top priority, and we are working to minimize any potential disruptions."
Liberty Mutual Insurance Reports First Quarter Results
Presentation Q1 2024
Advisor News
- Succession planning: Building the future of your practice
- From loss to security: Supporting widowed clients with life insurance
- Plan now for lower Social Security benefits later
- The conversation almost no advisor is having yet
- Why advisors should offer retirement-longevity planning
More Advisor NewsAnnuity News
- Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
- Industry pushes back on linking ‘financial strength’ to annuity illustrations
- Sammons Enterprises & Sammons Financial Group Respond to Reports
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- New Influenza Study Results from University of Auckland Described (Risk Management In Deadly Times: the Us Life Insurance Industry In the 1918-9 Influenza Pandemic): Influenza
- AM Best Assigns Credit Ratings to InEvo Re Ltd.
- Life Insurance Awareness Month: Time to Reassess Your Coverage
- U-Haul Holding Company Announces Twentieth Annual Virtual Analyst and Investor Meeting
- Securian Financial Increases Individual Life Retention to $10 Million, Strengthening Support for High-Net-Worth Life Insurance Market
More Life Insurance News