Definition: Insurance Blue Cross and Blue Shield is a type of insurance policy that provides coverage for medical expenses when the insured does not have sufficient financial resources to pay those costs. In this context, "insurance blue" refers to an organization or system where individuals purchase insurance policies, known as health insurance, which they can use to cover out-of-pocket medical expenses. This process is often referred to as a self-insured model, as the insured pays for their own healthcare needs and chooses how much they want to be covered. On the other hand, "insurance blue cross" refers to a type of insurance policy that provides coverage only for certain types of medical expenses, such as surgical procedures, diagnostic tests, or prescription medications. "Insurance blue shield" refers to another type of insurance policy that provides additional levels of coverage beyond those provided by Blue Cross and Blue Shield. The term "insurance blue cross and blue shield" is used when discussing health insurance policies where the primary insurer is a large company such as Blue Cross and Blue Shield, while the secondary insurers are typically smaller independent organizations known as Blue Cross or Blue Shield.

insurance blue cross and blue shield