at a glance Medicare supplement insurance plans help pay for some of your Medicare costs that typically come out of pocket, such as deductibles, copays, and coinsurance. You may also see this type of insurance referred to as Medigap. Show
Many private insurance companies sell Medigap plans. One of these companies is Blue Cross Blue Shield (BCBS). BCBS offers a wide variety of Medicare plans, including Medicare Advantage and Medigap options. Keep reading to learn more about the different types of Medigap plans that BCBS offers in 2021, how much they cost, and what each plan covers. Let’s compare what’s included in the different Medigap plans offered by BCBS. The chart below shows the percentage of each benefit that’s covered by each plan. Blue Cross Blue Shield Medigap plan extra benefitsOn top of the standard coverage that comes with all Medigap plans, some of Blue Cross’s plans offers additional benefits, which may include:
Next, let’s take a look at each of the Medigap plans offered by BCBS.
There are some costs associated with Medigap plans, including BCBS plans. These costs may vary by the specific plan and your location. These costs can include:
Now, let’s compare the monthly premium cost ranges of different Medigap plans offered by BCBS in a few different cities across the country. Medigap is supplemental insurance that helps people with original Medicare (Part A and Part B) pay for costs that aren’t normally covered. An estimated 25 percent of people with original Medicare also have a Medigap plan. There are 10 different Medigap plans. However, these plans are standardized. This means that each plan must offer the same basic level of coverage, regardless of which company is offering it. Medigap plans are specific to your location, so it’s possible that some plans may not be offered in your state or county. Some states also standardize their plans differently, including Massachusetts, Minnesota, and Wisconsin. If you have a Medicare Advantage (Part C) plan, you cannot purchase a Medigap plan. However, Medigap plans can be used along with Medicare Part D plans, as long as the Medigap plan isn’t an older plan that also includes prescription drug coverage. BCBS sells Medigap plans in every state. While BCBS offers many of the 10 types of Medigap plan, some plans may not be available in your location. All Medigap plans, including those offered by BCBS, are standardized. This means that they must include the same basic amount of coverage, regardless of the company that’s selling it. The cost of a Medigap plan can depend on factors like the type of plan you select, your location, and how a company sets their monthly premiums. Because of this, it’s always important to compare different Medigap plans before deciding on one. The information on this website may assist you in making personal decisions about insurance, but it is not intended to provide advice regarding the purchase or use of any insurance or insurance products. Healthline Media does not transact the business of insurance in any manner and is not licensed as an insurance company or producer in any U.S. jurisdiction. Healthline Media does not recommend or endorse any third parties that may transact the business of insurance. Which is an example of a supplemental health insurance policy?Examples of supplemental health insurance include dental plans, critical illness plans, and hospital indemnity plans. Whether a supplemental health plan is right for you depends on your health, the costs of the plan, and the benefits of the policy you're thinking about buying.
What is the difference between health insurance and supplemental insurance?As the name suggests, supplemental health insurance is designed to “supplement” existing health insurance plans. Supplemental plans don't replace health insurance. They may help pay for health care costs not covered by a plan or provide additional coverage for specific needs like dental care, vision and long-term care.
What is a supplemental health care plan?Supplemental health insurance plans are health care plans used to cover anything above and beyond basic medical coverage. These plans provide extra medical coverage and can also be used to contribute to other costs not covered by your primary insurance plan such as copayments, coinsurance, and deductibles.
What is the difference between a secondary insurance and a supplemental insurance?Secondary insurance plans work along with your primary medical plan to help cover gaps in cost, services, or both. Supplemental health plans like vision, dental, and cancer insurance can provide coverage for care and services not typically covered under your medical plan.
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