There is probably no insurer with greater name recognition than Blue Cross Blue Shield. Whether you live in California, Florida or parts in between, you may have been insured by Blue Cross Blue Shield at some point in your life.
Blue cross Medicare Advantage plans will be a mainstay for those on Medicare for some time to come. There are many Advantage plan options available and will vary depending on where you live. Blue Cross has the luxury of converting many of their employer group and under 65 individual insured members to one of their Medicare plans when those members age into Medicare. This is a benefit not available to companies like HealthSpring or WellCare who do not have tens of thousands of under 65 members to convert to Medicare Advantage.
Blue Cross offers Medicare beneficiaries; Advantage plans, Medigap and Part D drug coverage. Although Blue Cross Medigap plans offer beneficiaries standardized coverage, Blue Cross Medicare Advantage plans vary from State to State and often from County to County.
Types of Blue Cross Medicare Advantage plans available
The types of Medicare Advantage plans available where you live will vary and the names of the plans are not standardized. For example, in California the Blue Cross Medicare HMO is offered by Anthem and is called; Blue Cross Senior Secure. In Florida, plans are available from BlueCross BlueShield of Florida, and the Medicare HMO is aptly called BlueMedicare HMO. Plan benefits will also vary from plan to plan.
Blue Cross Medicare Advantage Plans in California include:
Blue Cross Senior Secure Plan 1 HMO, Freedom Blue Plan 1 Regional PPO, Freedom Blue Plus Regional PPO, Freedom Blue Classic Regional PPO, Smart Value Classic PFFS and Smart Value Plus PFFS.
Blue Cross Medicare Advantage Plans in Florida include:
BlueMedicare HMO, BlueMedicare PPO, BlueMedicare Regional PPO and Blue Medicare PFFS.
Medicare Advantage plans are available on an annual basis. There is no guarantee that plans will have the same benefits or premiums the following year. In fact, there is no guarantee that your plan will renew for the following year. Many carriers have announced that they would not renew or offer PFFS plans in the future.
Should you enroll in a Blue Cross Medicare Advantage plan?
As was mentioned earlier, Blue cross has the advantage of name recognition and a sense of loyalty from those that had employer group insurance through Blue Cross. This does not necessarily mean that you should enroll in a Blue Cross Advantage plan by default.
Plans vary from one service area to the next and can change on an annual basis. This is true of all Medicare Advantage plans. You should consider Blue Cross as one of your options when researching available plans. Blue Cross has some very attractive plan offerings, but they are not the only game in town.