We get mail. You have asked about Blue Cross Medicare supplement rates and renewal increases, and how high deductible plan F works. Is the BCBSGA Medigap plan F a good deal or a ripoff and can you afford it? Are Blue Cross Georgia Medicare supplement rate increases excessive? You want to know how to compare Blue Cross Blue Shield Medicare supplement rates with other plans from Humana, Mutual of Omaha and others.
You have questions.
We have answers.
How do Blue Cross Medicare supplement rates and renewals compare with other carriers?
Like everything else, it depends.
In some zip codes and at certain ages, BCBSGA can be quite competitive. At other times, not so much.
Georgia Medicare Plans does offer Blue Cross Georgia Medicare plans to our clients, and will recommend them when there is a good “fit” to your needs and budget. But if we see a potential problem in selecting a Blue Cross Medigap plan we will alert you.
One question we are often asked is, “How does Blue Cross Medicare supplement plan high deductible F work?”
Medigap High F is just like the traditional Medicare supplement plan F except you must first satisfy an annual deductible before the plan pays anything. For calendar year 2013 the Medigap high F deductible is $2110.
Blue Cross and Humana typically have some of the lowest premiums for High F and you can compare for yourself by following this link.
If you need more explanation in how High deductible plan F works, give us a call.
A similar question that comes up often “Is Medigap plan F a ripoff?“.
Perhaps ripoff is a bit harsh, but we fail to see the value in plan F from ANY carrier.
You have asked, “Are renewal Blue Cross Medicare supplement rates excessive?“.
We have seen some carriers that are much higher and several that are lower. Over the last few years Blue Cross renewal rates have increased from 8 – 13% for trend. Due to the way Blue Cross Medicare rates are structured you may receive two rate increases in the same year. One for trend, the other for having a birthday and getting older.
Most carriers only adjust renewal rates due to health care trend, but Blue Cross joins (AARP) United HealthCare and a few others that will increase your rates simply because you are older.
So how do you compare Blue Cross Medicare supplement rates with other carriers? You can get an instant Medigap quote here, or you can simply give us a call and we will be glad to answer your questions.