Anthem Medicare supplement plans are popular in California, Indiana, Ohio, Colorado and a few other states. Anthem BCBS is part of Blue Cross Blue Shield, but Anthem Medicare supplements are sold separately. Both companies have strong financial stability and nationwide trust.
These plans are also sometimes called Anthem Medigap plans, but it means the same thing.
About Anthem Medicare Supplements
Medicare supplements are easy to compare because they all the same basic benefit structure. Plans are labeled A – N and beneficiaries can choose the plan that fills in the gaps in Medicare that are most critical for them. To be eligible, you must be enrolled in Parts A and B and live in the state where the plan is being offered..
Medicare supplements all have certain standard features. You can see any doctor that takes Medicare and your coverage is guaranteed renewable. You cannot be dropped from coverage due to health conditions. Plans are also portable – they will cover you anywhere in the nation.
Anthem Medicare supplement plans offered may vary by state. However, some of the most popular plans are:
Anthem Medicare Supplement Plan F
Plan F from Anthem covers all the gaps in Medicare. It covers all deductibles, coinsurance and copays that you normally would pay. Anthem Plan F leaves you nothing out of pocket. In the industry, we call this first dollar coverage. It means you won’t pull your wallet out for any Part A or B services.
There is also a high deductible version of Plan F. The coverage is exactly the same except that you have a deductible before your Plan F coverage kicks in. This deductible increases a bit every year, but in 2017 it is $2200. So Medicare will pay its share of your claims and send the remainder to Anthem. Anthem will process the claim and send the first $2200/year in bills to you. However, they will track what you are spending. Once you meet the deductible in any calendar year, your Anthem Plan F will kick in and pay Part A and B coinsurance and copays for the rest of the year.
Anthem Medicare Supplement Plan G
In recent years, Anthem Plan G has become a more popular plan. Plan G offers lower premiums because it does not cover the Part B deductible. You are responsible for that, but afterward your Plan G will pay just like Plan F for the rest of that calendar year.
Anthem Medicare Supplement Plan N
Plan N is one of the newest Medicare supplements on the market. First introduced in 2010, Plan N offers lower premiums because you pay more of your own cost-sharing. You will be responsible for your Part B deductible and any excess charges. You will also have copays at the doctor’s office and emergency room. Anthem Plan N is a great choice for consumers who prefer to pay as they go along in order to have a lower monthly premium for the plan.
Should You Purchase an Anthem Medicare Supplement?
Since all Medicare supplements are standardized, we recommend you compare Anthem against all the other carriers in your area. Our software can quote over 30 companies. We like to take a look at the top 3 with the lowest cost for you and then see which of those has had the lowest rate increases over the years. We can review the financial rating for each company.
If you are applying during your Medigap open enrollment window, then you are guaranteed to be accepted for coverage. There are no health questions when you apply within the first six months after your Part B effective date. For this reason, it’s considered the best time to apply.
If you’d like to compare Anthem Medicare supplements in your area, give us a call today at 1-855-732-9055.