Blue Cross Blue Shield Medicare Supplement Review

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Pros and Cons of Blue Cross Blue Shield Medicare Supplement

Advantages

  • No network of health care providers, which means you can consult any provider that accepts Medicare
  • Some plans cover emergency services needed while traveling abroad
  • Some plans offer membership in fitness programs such as SilverSneakers
  • Offers Medigap policies in most states

The inconvenients

  • Blue Cross Blue Shield Medigap plans are not available in all 50 states.

What is Medicare Extended Health Insurance?

Medicare Supplement or Medigap policies are designed to offset the cost of copayments, coinsurance, deductibles, and other expenses not covered by Medicare Original, which includes Medicare Part A hospital insurance and Medicare Part medical insurance. B.

Medigap policies are sold to Medicare beneficiaries by private insurance companies, including Blue Cross Blue Shield and its affiliates, such as Anthem. Customers pay a monthly premium for their Medigap plan, in addition to the monthly premium for Medicare Part B. The monthly premium for Medicare Part B in 2020 is $ 144.60.

Blue Cross Blue Shield Medigap Plan Offers

There are 10 subcategories of Medicare supplement plans: A, B, CD, F, G, K, L, M, and N. The exact prices and benefits vary with each plan, but one common feature they all share is Medicare Part A coverage. Hospital coinsurance and associated costs.

Some Medigap plans offer additional benefits, such as emergency health care coverage when traveling outside of the United States. Others offer basic services and only partially cover reimbursable costs. For example, all but two of the plan types cover Part B coinsurance or co-payments. Plan K and Plan L only cover 50% and 75% of these costs, respectively.

To review each Medigap plan and what it covers, you can refer to this chart from Medicare.gov.

By law, Medigap plans are standardized in all states with three exceptions: Massachusetts, Minnesota, and Wisconsin. In the remaining 47 states, insurers must cover the same basic benefits in each of the Medigap plans they offer.


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