Carefirst of Maryland (CFMI) is an insurance company located in Baltimore, Maryland. Established in 1998, the company is a not-for-profit, non-stock health services company which through its affiliations and subsidiaries, offers a comprehensive portfolio of products and administrative services to individuals and groups in Maryland. The mission of the company is to provide health benefit services of value to customers across the region comprised of Maryland and the National Capital Area. The company operates as a subsidiary of CareFirst, which is, in turn, a subsidiary of BlueCross and BlueShield Association. The assets of the company are governed and managed by the board of directors.