Blue Cross Blue Shield Costa Rica will announce Thursday that it has begun operations in Costa Rica. The firm, a subsidiary of a Puerto Rican operation called Triple-S Management Corp.
The firm licenses the name from the Blue Cross Blue Shield Association. There are 37 companies under the Blue Cross-Blue Shield umbrella and they service 100 million customers, the company said.
Triple-S purchased Atlantic Southern Insurance last year to obtain access to Costa Rica as well as countries in the Caribbean.
The firm will compete with other private insurers and also the Instituto Nacional de Seguros.
The trade names are familiar to many expats, but these same foreign residents of Costa Rica are required to purchase insurance from the Caja Costarricense de Seguro Social. Some pay more than $400 a month. Many expats have insurance through the U.S. government’s Medicare program, although that requires a trip to the United States for medical treatment.
Blue Cross Blue Shield Costa Rica said it already has a network of private medical providers.