Blue Cross and Blue Shield

Insurance tax bulletins - Brief summaries of current tax developments impacting the taxation of insurance companies and their products.

Download in Adobe PDF format Tax court rules on deductibility of conversion payments (54kb) Blue Cross Blue Shield conversions to for-profit status (53kb) Blue Cross Blue Shield insurer entitled to stepped-up basis (52kb) Blue Cross conversion is a material change (96kb)    Read more alerts...    Subscribe to receive insurance tax bulletins

As the nation’s health insurance costs continue to rise many companies are turning to alternative approaches to funding healthcare, and Blue Cross Blue Shield (BCBS) plans are looking for innovative new products and distribution channels to answer this demand. The growth of health savings accounts and other consumer-directed plans is changing the way Blues do business.

PricewaterhouseCoopers is here to help with those changes. From assistance in the implementation of new software products to projecting the tax implications of changes in product offerings, we have experienced professionals to meet your needs. Our Blue Cross Blue Shield professionals are experienced in loss reserving for Blue Cross Blue Shield entities and computation of the BCBS special deduction under IRC Section 833, in addition to general corporate tax compliance issues such as use of net operating losses, mergers and acquisitions, and tax provision review.

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