Company: Blue Cross and Blue Shield of Minnesota (BCBSMN) Location / Remote: Hybrid – Eagan, Minnesota Employment Type: Internship (Full-time, Temporary) Region / Market: United States – Employer Group Health Insurance Seniority Level: Intern / Entry-Level (Student) Department / Function: Underwriting / Finance / Health Insurance Operations
1. Company Overview
What the company does
Provides health insurance products and healthcare solutions to individuals, employers, and communities.
Industry / sector
Healthcare / Health Insurance / Managed Care
Scale
Enterprise, regional nonprofit
Mission, values, or impact focus
Focused on improving health outcomes, transforming healthcare, and operating with integrity, collaboration, and innovation.
2. Role Purpose
This internship exists to support underwriting operations for employer group health plans with over 50 eligible employees. It helps process renewals, proposals, and benefit changes while giving students hands-on exposure to underwriting and healthcare products. The role contributes by improving accuracy, efficiency, and client support within the underwriting team.
3. Key Responsibilities
- Assist Underwriters with client renewals and proposal processing
- Support rating of benefit changes for group health plans
- Complete ERISA 5500 reports for applicable clients
- Research client, member, and benefit data using internal systems and Microsoft Excel
- Produce client reports and underwriting rating outputs
- Assist with enrollment settlements
- Collaborate with Underwriters, Actuaries, Account Managers, and other internal partners
4. Required Skills & Experience
Must-Have
Technical skills / tools
- Microsoft Office, especially Excel
Years of experience
- None required (internship role)
Industry or domain requirements
- Must be enrolled in an educational program during the internship
- Junior or Senior standing
Language requirements
- English (verbal and written)
Nice-to-Have
Bonus skills
- Analytical and problem-solving skills
- Ability to adapt to different situations and stakeholders
Certifications
- None required
Sector knowledge
- Healthcare, insurance, or finance exposure (helpful but not required)
Tools or platforms preferred
- Spreadsheet and reporting tools
5. Tools, Tech & Systems (if applicable)
- Microsoft Excel
- Microsoft Office applications
- Internal underwriting and reporting systems
6. Success Metrics / KPIs
- Accuracy and timeliness of reports and rating outputs
- Quality of data research and documentation
- Responsiveness to underwriting team requests
- Ability to meet internship project deadlines
- Professional communication with internal stakeholders
7. Who This Role Is Best For
A motivated undergraduate student interested in finance, analytics, insurance, or healthcare operations. Best suited for someone organized, analytical, and comfortable working with data and cross-functional teams. Ideal for students exploring underwriting, actuarial science, or health insurance careers.
8. Compensation & Benefits
Salary / range
$22.50 – $23.50 – $24.50 hourly
Bonus / incentives
Not specified
Benefits highlights
Medical, dental, and vision insurance
Life insurance
401(k)
Time off
Paid Time Off (PTO)
Volunteer Paid Time Off (VPTO)
9. Travel & Location Requirements
Travel frequency
None
Geographic limitations
Eagan, Minnesota office-based hybrid role
On-site vs remote expectations
Hybrid (in-office two days per week)
10. Notable Signals (Recruiter/ATS Insights)
- Structured summer internship (June through mid-August, ~40 hours/week)
- Exposure to underwriting, actuarial, and account management teams
- Strong pipeline role into entry-level underwriting or analytics positions
- Designed for skill development rather than prior experience
- Competitive for students targeting healthcare finance careers
11. Resume Targeting
Core skills
Underwriting Support
Data Analysis
Client Reporting
Benefit Rating
Analytical Skills
Tools & platforms
Microsoft Excel
Microsoft Office