Anthem Medicare Supplement Plans

Anthem is the parent company for several health insurance companies nationwide. These companies include a group of independent licenses in 14 states and the Blue Cross Blue Shield collective.

Anthem was established in 2004 when WellPoint Health Networks, Inc. and Anthem, Inc. merged. Then in 2014, WellPoint, Inc. changed its corporate name to Anthem, Inc.

Over the years, the company has maintained a successful track record of providing Anthem Medicare Supplement plans to seniors across the country.

Anthem Medicare Supplement Plans in 2023

Medicare Supplement (Medigap) plans help cover the gaps in Original Medicare (Medicare Part A and Part B) coverage. These gaps include deductibles, coinsurance, copayments, and more.

Ten standardized Medicare Supplement plans are identified by a letter, A through N. These options and two high-deductible plans are available to Medicare enrollees.

All Medicare Supplement plans have standardized benefits. So, a Medicare Supplement Plan N through Anthem provides the same benefits as a Medicare Supplement Plan N through Cigna or Mutual of Omaha.

Thus, price, carrier rating, and additional perks are essential to review when choosing a Medicare Supplement carrier.

Anthem only offers four Medigap options to Medicare Beneficiaries. Those plans are:

• Medicare Supplement Plan A
• Medicare Supplement Plan F*
• Medicare Supplement Plan G
• Medicare Supplement Plan N

However, the most popular Anthem Medicare Supplement plans are Medigap Plan F, Plan G, and Plan N.

*Remember, Medicare Supplement Plan F is only available to those who received Original Medicare before January 1, 2020.

Anthem Medicare Supplement Plan F

Anthem offers Medicare Supplement Plan F to those who qualify for coverage. To be eligible for Medigap Plan F, you have Original Medicare before January 1, 2020. If you enroll in Medicare after this date, you are not eligible to enroll in Plan F.

Anthem Medicare Supplement Plan F will cover the following:

• Medicare Part A deductible
• Skilled Nursing Facility (SNF) care coinsurance
• Medicare Part B deductible
• Medicare Part B excess charges
• Medicare Part B preventive care coinsurance
• Foreign travel emergency care

Anthem Medicare Supplement Plan G

Anthem Medicare Supplement Plan G includes all the same benefits as Plan F minus the Medicare Part B deductible. You must meet the deductible before your Medicare Supplement plan covers you at 100%.

For those not eligible for Medicare Supplement Plan F, Plan G is the most comprehensive plan. Plus, the plan has a lower monthly premium, so even those eligible for Medicare Supplement Plan F tend to enroll in Plan G, as it can be more cost-effective in the long run.

Anthem Medicare Supplement Plan N

Anthem Medicare Supplement Plan N is another excellent Anthem Medigap option. With a lower monthly premium, Medigap Plan N still provides great benefits.

Suppose you enroll in Anthem Medicare Supplement Plan N. In that case, you will be responsible for covering the Medicare Part B deductible, small copayments at the doctor and emergency room, and Medicare excess charges, if applicable. However, excess charges are rare, so you may not encounter them.

How Much Do Anthem Medicare Supplement Plans Cost?

Monthly premiums for Anthem Medicare Supplement plans depend on several factors. Although the law requires insurance companies to provide the same benefits for all the lettered plans, there is no regulation on how the carriers price their plans. Thus, comparing multiple carriers’ pricing is crucial when enrolling in a Medicare Supplement plan.

However, Anthem Medicare Supplement plans tend to offer a low-to-mid price point in most areas. While their premiums may not always be the lowest, you will want to consider the additional perks of enrolling in an Anthem Medicare Supplement plan.

Remember, the premium examples above may not be the same as your actual costs when enrolling in an Anthem Medicare Supplement plan. Your unique premium is based on several factors that may not be accounted for above.

Anthem Annual Rate Increases

Annual rate increases are state and policy specific. So, all Medicare Supplement Plan G policies with Anthem in a particular state will increase at the same rate. Further, all Plan N policies will have a different rate increase amount.

Each state will see varying percentage increases based on its rating method. Therefore, predicting rate increases can be nearly impossible.

For example, Virginia saw an average 5% rate increase across all Anthem policies. However, Ohio saw a lower rate increase of 4.5%.

Anthem Medicare Supplement Enrollment and Eligibility

To be eligible for an Anthem Medicare Supplement insurance plan, you must enroll in Medicare Part A and Medicare Part B. Once you are eligible, the best time to enroll in a Medicare Supplement plan is during your Medicare Supplement Open Enrollment.

This enrollment window begins on the first day of your 65th birth month. However, if you do not enroll in Medicare Part B when you turn 65, it will start on the first day of the month you sign up for Medicare Part B. Either way, your Medigap Open Enrollment window lasts six months.

During this time, you have a guaranteed issue right to enroll in any available Medicare Supplement plan without answering underwriting health questions. This means no insurer will deny you coverage based on pre-existing conditions.

Suppose you do not enroll in a Medicare Supplement plan during this enrollment period or wish to change your Medicare Supplement plan in the future. In that case, you may have to answer underwriting health questions which could impact your acceptance.

When you enroll in an Anthem Medicare Supplement outside of your guaranteed issue window, some major health conditions that can result in denial of coverage include:

• HIV/AIDS
• Alzheimer’s disease
• Cancer
• Kidney disease
• Mental disorders
• Parkinson’s disease
• Pending surgery
• Stroke
• And more

Anthem Medicare Supplement Plan Reviews

Although Anthem is part of Blue Cross Blue Shield, their Medicare Supplement plans are sold separately, so the ratings are also separate. Unfortunately, Anthem Medicare Supplement plans do not boast the highest ratings compared to other major Medigap carriers. 

AM Best ranks Anthem with an A-rating for financial strength and long-term credit. This means the company has a solid foundation that you can rely on for paying claims accurately and on time. 

Pros and Cons of Anthem Medicare Supplement Plans

Anthem Medicare Supplement plans share the same benefits as other carriers nationwide. However, due to the standardization of benefits, a company’s reputation and list of pros and cons are essential to review when deciding which carrier suits you.

Does Anthem Medicare Supplement Include SilverSneakers?

All Anthem Medicare Supplement plans offer enrollees access to the SilverSneakers health and fitness program. This program allows you to access qualifying gyms, pools, health clubs, and fitness classes across the country.

SilverSneakers is a popular membership among those over age 65. So, enrolling in an Anthem Medicare Supplement plan allows you to prioritize your health at no additional cost.

Anthem Medicare Additional Benefits

In addition to your Medicare Supplement plan, Anthem Medicare offers several additional services you can add to your Medicare Supplement plan for an additional fee each month. However, not all additional perks require an extra fee.

When you enroll in an Anthem Medicare Supplement plan, you will automatically receive discounts through popular health and wellness brands like:

• Jenny Craig
• Fitbit
• ChooseHealthy
• SaveScript WellRx
• NationsHearing providers
• Premier LASIK
• Glasses.com

Additionally, you will have access to purchase extra dental and vision coverage for more in-depth care. These insurance plans are available at different levels for an additional monthly premium.

How to Compare Anthem Medigap Premiums Near You

To review rates for an Anthem Medicare Supplement plan and compare other rates with top carriers in your area, fill out the online rates form.

Once complete, one of our licensed Medicare agents will contact you with the most accurate rates in your area based on the information you provide, including Anthem Medicare Supplement quotes. If you would rather speak to an agent now, please do not hesitate to call the above number.

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