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Press Release

Independence Blue Cross Secures All-Blue Contract with Lincoln Financial Group

Lincoln Financial Employees to have PPO and Comprehensive Major Medical Coverage

Philadelphia, PA - December 2, 2009 - Independence Blue Cross (IBC) today announced its new health benefits contract with Lincoln Financial Group. IBC will be the primary provider of health insurance for approximately 10,000 Lincoln Financial Group employees, retirees, and their dependents across the nation. The Lincoln plan offerings will include the PPO option and Comprehensive Major Medical plans.

"I know I speak for all of us at Independence Blue Cross when I say we are delighted that Lincoln Financial Group has entrusted us with the health insurance needs of their employees," said Joseph A. Frick, president and chief executive officer of Independence Blue Cross. "We are pleased Lincoln recognizes our expanded capabilities in health information technology, consumer resources, and overall member satisfaction, and are happy to extend these offerings to all Lincoln locations, both nationally and in our region. From one southeastern Pennsylvania-based company to another, we welcome all of the Lincoln employees and their families to our health care coverage."

On January 1, 2010, IBC will become the primary health insurance option for Lincoln employees at their locations across the country, including key offices in Fort Wayne, Indiana; Hartford, Connecticut; Omaha, Nebraska; Greensboro, North Carolina; Concord, New Hampshire; and headquarters in Radnor, Pennsylvania. Employee enrollment sessions at all of these locations have been underway over the past few months.

Lincoln Financial Group is a diversified financial services organization in the Philadelphia region with $137 billion in assets under management as of September 30, 2009. They offer innovative, industry-leading advice and solutions to help customers secure their financial futures. Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates.

"At Independence Blue Cross we are thrilled to extend our services to Lincoln Financial Group. As a whole, our company has a strong focus on national business and we are eager to expand upon our long-standing relationship with Lincoln," said Lawrence Kissner, vice president of national account sales at Independence Blue Cross. "We worked closely with Lincoln to develop a custom option that will satisfy the needs of their employees nationally. Previously, we insured many of their employees based in the southeastern Pennsylvania region only."

Independence Blue Cross offers its customers the BlueCard® network, a cohesive system of health care experts in hundreds of locations. As Blue Plan members, Lincoln employees around the country will have national access to quality care and coverage in both urban and rural areas with over 764,000 doctors and 5,700 hospitals included in the independent Blue Plan PPO networks. Outside the United States, BlueCard members have access to doctors and hospitals in 200 countries and territories.

About Independence Blue Cross

Independence Blue Cross is a leading health insurer in southeastern Pennsylvania. Nationwide, Independence Blue Cross and its affiliates provide coverage to nearly 3.3 million people. For more than 70 years, Independence Blue Cross has offered high-quality health care coverage tailored to meet the changing needs of members, employers, and health care professionals. Independence Blue Cross's HMO and PPO health care plans have consistently received the highest ratings from the National Committee for Quality Assurance.

Independence Blue Cross supports comprehensive health care reform that would extend coverage to all Americans, reduce costs, and improve quality. We also advocate reform that builds on the current employer-based system that currently serves 170 million Americans. Learn more about our views on health care legislation now working its way through Congress by visiting our website.

Independence Blue Cross is an independent licensee of the Blue Cross and Blue Shield Association.

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