MedCost Benefit Services was created with a vision to establish a new standard of excellence for Benefits Administrators.

The vision began in 1996. Driven by a desire to provide their employees with a quality benefits administration organization, Branch Banking & Trust (BB&T) began exploring options. BB&T decided the best course was to pursue a joint venture with a company that shared the same values and work ethic. In other words, what mattered most was a proven track record in business integrity.

MedCost, LLC, the PPO, was immediately identified as a prime candidate. With its long-standing history of excellence as a managed care partner, MedCost shared a similar commitment to delivering quality, value, and service to employers. Since 1983, MedCost had been a premier provider of managed care services, serving as a niche player between providers and payers. In 1997, MedCost, LLC and BB&T formed a partnership to create a joint venture. The result was MedCost Benefit Services.

In July 2002, MedCost Benefit Services became a wholly owned subsidiary of MedCost, LLC. The two organizations continue to share commitment to business integrity and exceptional service.