Blue Cross Blue Shield Medicare supplemental plans are available in 38 states and the District of Columbia. The Blue Cross Blue Shield (BCBS) system has been around since 1929 and provides health insurance to more than 100 million people. This gives BCBS a great financial base to provide a good Medicare supplement. To understand how these plans work, you must look at why you need a medicare supplemental plan.
Why You need a Blue Cross Blue Shield Medicare Supplement
Medicare is a health insurance system. Its purpose is to help seniors get affordable health insurance. Many 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, there are coverage gaps in Medicare that you are responsible for covering out-of-pocket.
For example, imagine you are in retirement with only Original Medicare and admitted to a hospital. You would have to pay a deductible of $1,156. In addition, you would pay coinsurance for any days you spend in the hospital past day 60. You are also responsible for 20% of any costs for outpatient needs. Whether you are going in for a minor flu or a chronic condition that a doctor could treat in office, you are responsible for an ongoing 20% of those costs. These expenses can add up fast. This is where a BCBS Medicare supplemental plan comes in.
A BCBS Medicare supplement will fill these gaps left by Original Medicare. It allows you to rest easy that you are not going to have any big medical bills coming your way. An advantage to a BCBS Medicare supplemental plan is that they work with Medicare. This means that with any service filed with your Medicare service, your BCBS Medicare supplemental plan insurance automatically steps in. It pays the difference between what Medicare paid and what you would have to pay out-of-pocket. There are ten different Medicare supplemental plans. Each plan covers a different number of the gaps left by Medicare. You can learn more about each of the Medicare supplemental plans here. There is a monthly premium for the plans.
Blue Cross Blue Shield Medicare Supplement Rates
Rates for BCBS Medicare supplemental plans vary depending on age, health, and location. While some companies give you a ball park figure, we believe you are better served by getting a set of customized quotes. You can get a set of quotes by filling out the form on the side of this page, or by going to our page for Medicare supplement quotes here. These quotes will include prices from BCBS and other companies. This allows you to get BCBS Medicare supplement rates and rates from the most competitive companies in your area. We also provide info on other Medicare supplemental insurance companies here.