Advertiser Disclosure

How To Draw A Comparison Between Various BCBS Medicare Plans

How To Draw A Comparison Between Various BCBS Medicare Plans Finance

Medicare refers to the health insurance plan created by the Federal government back in 1965. It consists of two parts – Medicare Part A (hospital coverage) and Medicare Part B (medical coverage). For Medicare to cover your health care services, you need to ensure that you receive treatment from doctors or hospitals approved by Medicare. Blue Cross Blue Shield Association (BCBSA) consists of 36 Blue Cross Blue Shield (BCBS) companies providing health insurance across 50 states and to over 106 million people. The association also provides licenses to independent companies to use their name and trademarks in certain geographical areas.

BCBS offers a wide range of Medicare Plans that vary from state to state. It is important that you draw comparisons between various plans and pick one that covers your needs. Here are five questions you need to ask yourself when drawing comparisons.

How much monthly premium are you willing to pay?
The answer to this question is extremely essential in order to purchase the right Medicare plan. There are two options here. First, a Medicare plan that charges a lower premium in exchange for paying copayments or out-of-pocket costs. Second, a Medicare plan that charges a high monthly premium with little or no out-of-pocket costs for services.

How much are you willing to pay out of your pocket for services?
The logic here is simple. The more you spend on services and supplies approved in a Medicare plan out of your pocket, the lesser premium you will have to pay.

Do you want to opt for prescription drug coverage?
Not all Medicare plans by BCBS provide prescription drug coverage. Look for plans that combine this benefit especially if you have a condition that requires you to take prescription drugs very often.

Do you travel a lot?
Choose a Medicare plan depending on how often and how long you travel. Each plan provides different travel benefits.

How important are wellbeing services to you?
If it matters a lot to you, pick a plan that covers wellbeing programs and services.

801 VIEWS

top rated cards

Citi® Double Cash Card – 18 month BT offer

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi ThankYou® Preferred Card

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi Simplicity® Card - No Late Fees Ever

cards
  • Purchases Intro APR
    15.74%
  • Regular APR
    15.74% - 25.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi® Diamond Preferred® Card – 21 Month Balance Transfer Offer

cards
  • Purchases Intro APR
    14.74%
  • Regular APR
    14.74% - 24.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0
Finance

Best 401K Investment Companies That You Should Know About

Retirement is one aspect of our lives that needs to be thoroughly planned so that we can lead a smooth and peaceful life when unemployed with no bumps. So, it is important that one starts saving up right from the time one is employed and saves up a p...
812 VIEWS
Finance

Top Three Roth IRA Companies

Retirement is one of the ages we necessarily need to plan for ourselves and make sure that our needs and requirements would be provided for. For the same purpose, it is important to save up right from early ages and just a conventional way of storing...
791 VIEWS
Finance

Know More About Submitting Free Grant Applications

At the outset, when you apply for financial aid, do remember that the granting of funding is done as a voluntary philanthropic activity by corporations, educational institutions, and federal bodies and do not require any kind of payment by way of app...
824 VIEWS