Blue Cross Blue Shield Medicare supplement plans are available in thirty eight different states and the District of Columbia. The BCBS system itself has been around since 1929 and is dedicated to providing health insurance to more than 100 million people. As you can imagine this gives them a great financial base to provide a BCBS Medicare supplement. To understand how these plans work we have to look at why you need them, and how much will they cost.
Why You need a Blue Cross Blue Shield Medicare Supplement
Medicare is a health insurance system maintained by the federal government that helps seniors get affordable health insurance. Many people think that once you reach 65 and are eligible for Medicare you get free health insurance for the rest of your life. The truth is that there are coverage gaps in Medicare that you are responsible for covering out of your pocket. So if you are in retirement with just traditional Medicare and were to need to be admitted to a hospital you will have to pay a deductible of $1,156, plus coinsurance for any days you spend in the hospital past day 60. You are also responsible for 20% of any costs for outpatient needs. So whether you are just going in for a minor flu or a chronic condition that is treated in a doctor’s office you are responsible for an ongoing 20% of those costs. There are a few less used services that any Medicare recipient is responsible for the costs, but I think you get the idea that these expenses can rack up really fast. This is where a Blue Cross Blue Shield Medicare supplement comes in.
A BCBS Medicare supplement will fill these gaps left by traditional Medicare and allow you to rest easy that you are not going to have any big medical bills coming your way. The big advantage to a Blue Cross Blue Shield Medicare supplement is that they work with Medicare. This means that whenever a service is filed with your Medicare service the Blue Cross Blue shield Medicare supplement insurance automatically steps in and pays for the differences in what Medicare paid and what you would typically have had to pay out of pocket. There are ten different plans labeled with different letters. Each plan will cover a different number of the gaps left by Medicare. You can learn more about each of the Medicare supplement plans HERE. Of course there is a monthly premium for the plans.
BCBS Medicare Supplement Rates
Rates for Blue Cross Blue Shield Medicare supplement plans are going to be very different for each person depending on their age, health, and location. While some will give you a ball park figure we believe that, instead of giving you wild speculation, that you are better served by getting a set of quotes that are customized to your specific situation. You can get a set of quotes by filling out the form on the side or bottom of this page or by going to our page for Medicare supplement quotes HERE. These quotes will include prices from other companies so you can get rates, not just the BCBS Medicare supplement plans but, for the most competitive companies in your area. We also provide info on other Medicare supplement insurance companies HERE.