Anthem Medicare Supplement Plans

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Anthem formed back in 2004 when WellPoint Health Networks, Inc. and Anthem, Inc. merged. Then in 2014, WellPoint, Inc. changed it’s corporate name to Anthem, Inc.

Over the years the company has delivered a number of leading health benefit solutions including products for life insurance, disability benefits, dental, vision, long-term care insurance, etc.

Their an independent licensee of Blue Cross and Blue Shield Association, their headquarters is located in Indianapolis, Indiana.

Below, we’ll review Anthem Medicare Supplement plans for 2019.

Anthem Medicare Supplement Plans for 2019

Supplements have been designed to fill in the “gaps” that don’t get covered by Part A and Part B of Original Medicare such as coinsurance, deductibles, and co-payments.

These plans are standardized, so regardless if you go with an Anthem Medicare Supplement plan or with another carrier, you’ll receive the same coverage.

The plans are ten in total and are denoted by letters A to N. Note that plans H, I, E, and J aren’t sold anymore. All carriers offering these plans don’t have to offer each and every, however, Plan A must always be offered.

Remember that some names might sound familiar like Medicare Part A or B, but they aren’t the same as Medigap Plan A or Plan B.

All supplement plans provide different levels of coverage, but each plan that’s lettered must have the same standardized benefits irrespective of the location or insurance company.

For instance, Medicare Supplement Plan G in Florida should have the same benefits as California. Those of you who live in Minnesota, Massachusetts, or Wisconsin, the insurance options differ from the other parts of the country.

Anthem Medigap Basic Plan Benefits

Anthem Medicare Supplement Plans

All Medigap plans offered through Anthem will have the same core benefits

Anthem Medigap benefits depend on the state the insured resides in.

Anthem Medicare Supplement plans cover at least a part of these basic benefits:

  • Part A coinsurance costs totaling to more 365 days after the benefits are exhausted
  • Part A hospital care co-payments or coinsurance
  • Medicare Part B co-payments or coinsurance
  • First three blood pints used during a medical procedure

Anthem Medicare Supplement Plan F

Plan F will cover:

  • Part A deductibles
  • Part B deductibles
  • Skilled Nursing Facility (SNF) care coinsurance
  • Foreign travel emergency care
  • Part B excess charges
  • Part B precautionary care coinsurance

Anthem Medicare Supplement Plan F High Deductible

Both the regular Plan F and Plan F High Deductible have the same exact coverage, the difference is the out of pocket costs for your deductibles, coinsurance, and co-payments.

Regular Plan F covers these, the High Deductible version doesn’t.

It’s important to know that all first-dollar coverage plans will be going away in 2020. This includes Plan F, HDF, and Plan C.

Anthem Medicare Supplement Plan G

Plan G includes all the same benefits as Plan F minus your Part B excess charges that you might incur from a doctors visit.

This plan is the second most common plan, the premium is lower and still includes a lot of benefits. It does include coverage for foreign travel and Medicare preventive care Part B coinsurance.

Anthem Medicare Supplement Plan N

Plan N is the third most common supplement plan because it cost a little less than Plan G since it doesn’t cover your Part B deductible or excess charges. It does have a small co-payment for emergency room visits and some regular office visits.

Anthem Enrollment and Eligibility

Anthem Enrollment and Eligibility

The best time to enroll in an Anthem Medicare plan is during your Open Enrollment Period

To qualify for Anthem Supplemental insurance plans, you need to be enrolled in Part A as well as Part B.

The ideal time for enrolling for any of the plans is during Open Enrollment Periods for these plans.

This period starts on the first day of the month you turn 65 and register in Part B, this phase only lasts for six months.

During this time, you’ll have a guaranteed-issue right to enroll in the available plans at your locality.

No insurer will deny you the coverage based on pre-existing conditions, but a waiting period can apply.

In the event you fail to enroll during the six months, you can be denied coverage or end up paying higher premiums for your plans depending on your medical history.

Anthem Medigap Rates

Anthem Medigap Rates

Anthem Medigap rates are dependent on many factors including your age, location, and sex

Rates depend on my factors. Although the law requires that the insurance companies provide the same benefits for all the lettered plans, the premium rates for the plans are not the same.

This is the main reason the experts advise consumers to shop around to search for a plan that can suit their needs.

Some of the criteria carriers use to price the premiums are:

  • Issue-age-rated – the plans base their premiums on your age during the time you registered for the policy. The younger you were when registering, the lower the premium will be
  • Community no-age-rated – here the premium charges are the same, regardless of the age
  • Attained-age-rated – just like in issue-age rated, these policies base their premiums on your age when you bought the plan. However, the premium rates increase as you age

Remember that despite the rating method we decide to use, the premiums can increase over time as a result of certain reasons like inflation. These rates are also different for each state, plans in California won’t cost the same as plans in Virginia.

Anthem Medicare Supplement Reviews

Even though Anthem is part of Blue Cross, their Medigap plans are sold separately. Anthem does offer SilverSneakers, as well as additional programs to help you save for retirement and keep your health in check.

You can find their A+ BBB Rating as well as their AM Best A rating here.

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 agents will contact you with the most current rates in your area based on the information provided, including Anthem Medicare Supplement quotes. If you rather speak to an agent now, please don’t hesitate to call the number provided above.