Blue Cross Blue Shield Medicare Supplements

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Blue Cross and Blue Shield were originally two companies. Well, Blue Cross opened in 1929 and Blue Shield was formed in 1939. The Company that now insures over 106 million merged in 1982.

Blue Cross and Blue Shield are licensed independently as well as locally throughout the country into different regions.

However, the business plan keeps the BCBS community based, while still providing global coverage.

The association headquarters for Blue Cross Blue Shield is in Chicago, Illinois. While BCBS is ever growing, their commitment to the community continues to grow.

In 2017 Blue Cross Blue Shield was reported to have invested $284 million in community health initiatives.

Blue Cross Blue Shield stands apart from their competitors by serving over 5 million government employees as well as over 17 million unionized workers, families, and retirees.

In total, BCBS insures about 1 in 3 Americans.

Blue Cross Blue Shield Benefits

The one thing you can count on with Blue Cross Blue Shield is they will continue to evolve in their role as an industry leader.

BCBS processed 5 million Medicare claims the first year Medicare was offered.

Blue Cross Blue Shield offers all 11 Medicare Supplement plans.

Due to insurance regulations, policy provisions may vary by state; you should confer with a licensed broker before enrolling in any insurance plan.

All Blue Cross Blue Shield Medicare Supplement Plans include the following basic benefits:

  • Hospital coinsurance
  • Medicare Part A supplemental hospital care for an additional 365 days after Medicare benefits end
  • Medicare Part B coinsurance for hospital outpatient services, generally 20% of Medicare-approved costs
  • First 3 pints of blood each year
  • Hospice care

Blue Cross Blue Shield Health Insurance Medicare Supplement Plan A

Medigap Plan A has the lowest level of supplemental coverage.

Although, Medicare Supplement plan A is chosen by Medicare Beneficiaries that want more coverage than what is being offered through Original Medicare.

These persons have no intention of using healthcare services often.

Covered by Medigap Plan A: 

  • Part A hospital coinsurance and coverage for 365 additional days after Medicare benefits end
  • Part B coinsurance (generally 20% of Medicare-approved costs) for hospital outpatient services

Blue Cross Blue Shield Medigap Plan B

Medicare Beneficiaries who enroll in the Medigap Plan B want a low premium with more coverage than Plan A.

Beneficiaries purchasing Plan B don’t intend to utilize many health care services.

These Medicare Beneficiaries want the benefits of a Supplement Plan without spending much on premium.

Therefore, they choose Plan B because it also covers the Part A hospital deductible for inpatient services.

Blue Cross Blue Shield Medicare Supplement Plan C

BCBS Medigap Plan C offers the same basic coverage with a few additional benefits, which helps this plan fit within most budgets.

However, note that this plan is retiring on January 1, 2020.

Congress voted to end all first-dollar Medigap plans. States that do not allow excess charges tend to have higher enrollment in Plan C.

The added benefits for Medigap Plan C include:

  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B deductible for qualified medical and hospital services, generally for outpatient services
  • Foreign travel medical emergency coverage at 80%

Blue Cross Blue Shield Medicare Supplement Plan D

Medicare Supplement Plan D provides the same basic coverage with some additional benefits.

The added benefits for Medigap Plan D include:

  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B coinsurance
  • Foreign travel medical emergency coverage at 80%

Blue Cross Blue Shield Medicare Supplement Plan F

Medigap Plan F is the most comprehensive Medigap Plan on the market.

Essentially, the Medicare Beneficiary pays their premium and nothing else.

Plan F covers the Medicare Beneficiary’s portion of the cost. This includes excess charges of Medicare-approved amounts.

In addition, any Medicare Beneficiary on Plan F will experience no out-of-pocket expenses during hospital or doctor visits.

Plan F includes the Medicare basic benefits plus:

  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B deductible for qualified medical and hospital services, generally for outpatient services
  • Part B excess charges benefit for charges exceeding the normal Part B limit
  • Foreign travel medical emergency coverage at 80%

Medigap Plan F has been the most popular Supplement Plan because it pays for all covered expenses.

This popularity has caused increasing costs and eventually the removal of this first dollar plan in 2020.

However, Plan F has become cost prohibitive for many beneficiaries, driving many beneficiaries towards Plan G.

Blue Cross Blue Shield Medigap High Deductible Plan F

High Deductible Plan F provides the same benefits as the standard Plan F.

Although, with this plan a high deductible that must first be satisfied.

In other words, you get great coverage at a much lower rate.

After the deductible has been met, the High Deductible Plan F pays all covered expenses, including:

  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B excess charges benefit for charges exceeding the normal Part B limit
  • Foreign travel medical emergency coverage at 80 %

Blue Cross Blue Shield Medicare Supplement Plan G

The Medicare Supplement Plan G has quickly gained notoriety as the most popular plan available to Medicare Beneficiaries.

Blue Cross Blue Shield Medicare Supplement Plan G gives the Medicare Beneficiary a fully comprehensive coverage option for a lower premium.

However, the only charge not covered by Medigap Plan G is Medicare’s Part B deductible.

Included in its benefits package is Medicare’s basic benefits and additional coverages for hospitalization:

  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B excess charges benefit for charges exceeding the normal Part B limit
  • Foreign travel medical emergency coverage at 80%

Medicare Beneficiaries save in excess of $200 per year on monthly premium when choosing Plan G over Plan F.

Blue Cross Blue Shield Medicare Supplement Plan K

Medigap Plan K offers one of the lowest premium amounts for a supplement option.

Although the reasoning is simple, the Medicare Beneficiary will share in the cost of medical services.

Covered benefits include:

  • Part A hospital deductible for inpatient services at 50%
  • Skilled nursing facility coinsurance (for days 21 – 100) at 50%
  • Hospital and preventive care are covered at 100% and all other basic benefits at 50%

However, this option does offer a yearly out of pocket maximum to provide some peace of mind.

Blue Cross Blue Shield Medicare Supplement Plan L

Medicare Supplement Plan L offers the same benefits as Plan K, with an addition.

Plan L pays 75% of the additional benefits such as the Part A deductible.

However, the Beneficiary is responsible for the Medicare Part B deductible.

Also, like Plan K, Plan L has an out of pocket maximum.

Blue Cross Blue Shield Medigap Plan M

Few beneficiaries are enrolling in Medicare Supplement Plan M

However, it could be a great fit for Medicare Beneficiaries who are not concerned about inpatient hospitalization.

In addition to the basic benefits, covered services include:

  • Part A hospital deductible for inpatient services is covered at 50%
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Foreign travel medical emergency coverage at 80%

Blue Cross Blue Shield Medicare Supplement Plan N

Medicare Beneficiaries who are aging into Medicare are cost conscientious and want the best coverage for their dollars spent should look at the Medigap Plan N.

Medicare Supplement Plan N is considered an affordable option as it gives substantially more coverage than Plan A.

However, due to a few copayments, the cost has remained reasonable. Also, Plan N is a favorite among cost-conscious Beneficiaries.

Plan N includes Medicare’s basic benefits along with additional coverage for hospitalization plus:

  • Part A coinsurance (generally 20% of Medicare-approved costs) – for hospital outpatient services
  • Part B hospital deductible for inpatient services after a $50 copayment ER and/or a $20 copayment for a doctor’s office visit
  • Skilled nursing facility coinsurance (for days 21-100)
  • Foreign travel medical emergency coverage at 80%

Additionally, Blue Cross Blue Shield provides other coverage options such as Prescription Drug coverage, Medicare Advantage as well as Dental Plans.

Blue Cross Blue Shield Rating

When it comes to carrier ratings AM Best is the standard for Medicare Supplement plans. Blue Cross Blue Shield plans are offered in the United States and in the Global Market.

In the US alone, there are over 46 licenses that offer BCBS plans.

AM Best is has declared that Florida Blue, a Blue Cross Blue Shield company has an A+ rating which equates to Superior.

This Superior rating means Florida Blue has a superior ability to meet their ongoing insurance obligations.

When you need a reliable agent to help you understand your Medicare options, you can call us today at 800-845-2484 or fill out our form to get a free quote.