Florida Blue Medicare Supplement Plans – F, G & N Benefits
It’s not uncommon to find the owners of Florida Blue Medicare Supplement plans have been customers of a Blue Cross affiliate for their entire lives. We’ve spoken to clients that got their first Blue Cross or Blue Shield plan just after high school, the service, or college. They just bought their last one when they turned 65 and qualified for Original Medicare.
Today’s regional arms of Blue Cross, like Florida Blue, evolved from the original company that began selling health insurance in 1929 and is the country’s oldest medical insurer. Florida Blue has been in the Medicare Supplement insurance business since these plans were created. The company’s Florida Medigap plans have an excellent reputation for rate stability, competitive pricing, and customer service. Florida Blue also offers a variety of Medicare Advantage and stand-alone Medicare Part D prescription plans.
More recently, the company announced that they had been granted a “Superior” rating from A.M. Best for financial stability. They attributed to that rating to their powerful brand recognition, appealing insurance products, and innovative leadership in the way that they work with customers, medical providers, and representatives. Medicare recipients in Florida should be particular about which company to trust for Medicare Supplement plans. Working with established and stable insurers like this one seems prudent. They have been around a long time, and are likely to be in business for many decades in the future.
Why Consider Florida Blue Medicare Supplement Plans?
A handful of other strong companies also work hard to sell supplemental insurance in Florida today. You’ll need to compare quotes and other benefits the company offers you before you make up your mind. To help you get started, consider this overview of some of the reasons that Florida Blue Medicare Supplement plans appeal to so many Floridians.
Some insurers offer very competitive quotes for people who are just qualifying for Original Medicare at 65. These members find that they have purchased a policy that is priced by attained age so that the price may increase sharply over the years.
We’ve spoken with new clients who urgently needed us to help them find cheaper coverage because the policy that seemed affordable when they purchased it had gotten much more expensive after five or ten years. We will certainly work with you to replace your Medicare insurance company; however, we’d rather find you a plan you can stick with in the future.
You can use Forever 65, the issue-age pricing program to maintain control over the rates for your Florida Medigap plans forever. With this program, you can pay the same as a 65-year-old member when you are 85 or 95.
Florida Blue365 Rewards
Like all Florida Medigap companies, Florida Blue Medicare Supplement plans can only offer the basic benefits that Medicare allows for each supplement. However, many of these companies offer membership programs that give their customers access to health-related discounts.
Some examples of Blue365Rewards include:
- Dental Solutions dental network discounts
- EyeMed vision exam and eyewear discounts
- Gym Network 360 fitness club membership discounts
Other Perks for Owners of Florida Blue Medicare Supplement Plans
Some other members of choosing Medicare Supplement plans from Florida Blue include:
- You get a 30-day, money-back guarantee if you decide to terminate your plan.
- You can visit any doctor or health care in the country that accepts Original Medicare.
- You won’t need to get a referral from a primary doctor to see a specialist.
- You can be one of the nine out of ten people who are satisfied with their Medicare Supplement plans.
If you decide to travel, you can use your Medigap plan almost anywhere in the country where Medicare is accepted. Some of these supplements even cover foreign travel urgent care. Many retirees hope to spend time roaming around the country or even overseas, so this kind of plan can offer a lot of freedom and peace of mind. Almost all MA plans use networks to control costs so that you won’t enjoy the same kind of freedom.
If you intend to move away to Arizona or Alaska, you will probably find it is easy to transfer your Medigap plan without any hassle. You just need to tell your insurer if you plan to change your address permanently. You may also have a guaranteed-issue period if you move so that you can change plans, but that may depend upon the laws in the state that you intend to relocate to.
Top Florida Blue Medicare Supplement Plans
You can visit Medicare.gov to find a convenient chart for all of the standardized Medigap plans. They all have letter names from “A” to “N” and offer certain basic benefits. For instance, each one of them covers Part A and Part B coinsurance and the first three pints of blood.
After that, Medicare Supplements vary by the additional benefits that they might provide. We understand that just by looking at the chart, average retirees may have no idea which coverage will give them the best value. Of course, it’s tough for anybody to predict what medical services they might need in the future or how much these services will cost. One benefit of supplements is that they help keep these costs under control.
We’d like to suggest three Florida Blue Medicare Supplement plans for you to choose between. Each of these three choices offers extensive coverage, but you might make a choice between them based on your monthly budget or preferences.
Florida Blue Medicare Supplement Plan F Benefits
Florida Blue Medicare supplement plan F benefits have attracted about four out of ten of all people who purchase Medigap plans from this company. Florida Blue Medicare Plan F will give you all of the allowed base benefits that the government allows for any Medicare Supplement insurance policy. Typically, this also means that the premiums are higher than they are for other choices. If you’re the kind of person who would rather let your insurer manage your medical costs, you are likely to be happy with a Florida Blue Medicare Supplement plan F.
You can save on out-of-pocket costs with Florida Blue Plan F in these ways:
- Part A hospital coinsurance
- Hospital costs up to 365 days after benefits through Original Medicare are exhausted
- Part A hospice care copays or coinsurance
- Part A deductible
- Part B deductible
- Part B preventive office visit coinsurance
- Part B coinsurance or copays
- Excess charges for Medicare Part B
- First three pints of blood needed for a medical procedure
- Coinsurance for care in a skilled nursing facility
- Limited foreign travel emergency care
Florida Blue Medicare Supplement Plan G Benefits
Florida Blue Medicare Supplement plan G is almost the same as Medicare Plan F. The only difference in benefits is that Florida Blue Medicare Plan G doesn’t cover Part B’s yearly deductible. Right now, most people pay $183 for this annual deductible.
If the difference in premium between Florida Blue Medigap Plan G and Plan F is more than about $15 a month, you can certainly save money by buying Florida Blue Medicare Supplement plan G. In recent years, this plan has become increasingly popular because it gives Medicare recipients a chance to save money without taking a large risk on benefits.
Florida Blue Medicare Supplement Plan N Benefits
Florida Blue Medicare Supplement plan N benefits are considered a more budget-friendly choice for you if you would like to reduce your premiums and still enjoy the comprehensive coverage. To take advantage of cheaper rates, you will have to accept more cost sharing with Plan N when compared to the two plans above. Plan N has also become increasingly popular as many retirees strive to be frugal with their monthly budgets.
These are things to know about Florida Blue Medicare Plan N benefits:
- Like Medicare Supplement plan G, Florida Medigap Plan N benefits do not pay for the Part B deductible.
- Medicare Supplement Plan F and Plan G both pay for excess charges, or amounts charged that are higher than Medicare allows. Plan N doesn’t, so you will probably want to be sure that your doctors and other providers accept Medicare Assignment. If they charge more, you may be responsible for the difference in cost.
- Medigap Plan N also requires co-pays of $20 for doctor’s visits, and you may also have to pay a copay of $50 for some visits to an ER if you’re not admitted. You should compare benefits and premiums to decide if paying some co-pays would still work out cheaper for you.
Do Florida Blue Medicare Supplement Plans Cover Part D Prescription Plans?
No Medicare Supplement plans include benefits for most prescription medications that you get a prescription filled for at a local pharmacy. This is because Original Medicare doesn’t cover them either. Part A might pay for inpatient medication, and Part B coverage only extends to specialized medications that are usually administered by a medical professional. Part A and B were never designed to help pay for typical prescriptions.
Medicare Part D, also known as PDP, was introduced to help Medicare recipients pay for medication. You may find MA plans that include Part D, but you won’t find any Medicare Supplemental policy that has it. Before Medicare Part D, many seniors had trouble affording their prescriptions because of this gap in drug benefits.
These are things to know about prescription coverage if you plan to buy a Florida Blue Medicare Supplement plan:
- You can also buy stand-alone Part D plans from Florida Blue. You may or may not find that you can get cheaper rates with Florida Blue Medicare Supplement plans and better coverage for your particular prescriptions from another insurance company.
- If you don’t have creditable drug coverage, you may have to pay the penalty when you do enroll in a Part D plan. Some people do have drug benefits from an employer or another source.
- If you don’t have Medicare Part D or another drug plan, you won’t get help paying for your medicine when you need to get a prescription filled at the drugstore.
Special Enrollment Periods for Florida Blue Medicare Supplement Plans
You have probably noticed that there are special Annual Election Periods for Medicare Advantage and Part D. You don’t have these annual periods to enroll with any Medicare Supplement plans. If you have Part A and B of Original Medicare, you qualify for Florida Blue Medicare Supplement plans by government rules.
With that said, there are some periods of time when it is better for some Medicare beneficiaries to compare and apply for Medigap plans:
- For instance, you always get Guaranteed Enrollment Rights when you first qualify for Original Medicare at age 65, and this period lasts for the first six months.
- During this time, Florida Blue or any other insurer has to sell you any supplement and cannot do any health underwriting on you.
You may also have other Guaranteed Enrollment Periods if you move to another state, lose coverage from an employer, and so on. These rights are governed both by federal and state laws, but you can learn about Florida Open Enrollment for Medicare Supplement plans here on the official website of the Division of Consumer Services.
You can still apply for a Florida Blue Medicare Supplement plan at other times. If you’re fairly healthy, you may get accepted at standard or preferred rates. If not, the insurer may decline your application or offer you a policy at higher rates. If you’re not sure, the best thing to do is to contact us to ask about your situation, and we’ll give you our suggestions.
If Medicare Supplements don’t work out well for you, we can also help you choose other plan options. MA plans can never ask health questions, so they work out better for some beneficiaries. If you don’t want an HMO, we may be able to find a PPO or another kind of MA plan in your local area that offers you more freedom.
Don’t cancel any existing coverage until you have a new policy.
These premiums are only examples that were pulled at a certain time from a specific ZIP code. You can get your personalized quotes for Florida Blue Medigap plans by requesting a quote today. Still, these sample premiums can help you understand the difference in price for different options.
These are for a 65-year-old man who lives in Florida and does not use tobacco:
- Plan F: $196.70
- Plan G: $181.80
- Plan N: $163.30
As you would expect, Plan F is usually the most expensive. In this example, Plan G is cheap enough to make up for the Part B deductible that it doesn’t pay. Of course, it’s impossible to promise that prices will remain the same in the future.
Plan N costs considerably less, but you will have more cost sharing to do if you use the plan. If you’re relatively healthy and only visit the doctor a few times a year, you are still likely to save money. If you want the freedom to visit doctors who may charge more than Medicare allows, you may have to make up the difference with Plan N though.
Why Do We Suggest Florida Blue Medicare Supplement Plans?
We will never tell you that there is only one best insurance company or kind of Medicare insurance for everybody. We urge everybody to compare plans with their own needs, preferences, and budgets in mind. The most robust supplements tend to please people who enjoy a lot of freedom to choose their medical providers and would rather have their plan to pick up most of the costs.
Many of our clients find that the robust benefits, stable benefits, and relative freedom of Medicare supplement plans make them a good option. With those clients, we often find that Florida Blue Medicare supplement plans offer competitive and predictable premiums and other benefits that make them the best choice. Again, most retired people are familiar with Florida Blue or another Blue Cross company, so they recognize and trust the brand too.
The additional membership benefits may also help members save money on dental, vision, and other related expenses. We are here to help you find the best Florida Medicare Supplement insurance.
Can I Qualify for Extra Financial Help?
Here is a list of additional Florida resources that you may be eligible for, including financial assistant:
Florida Shine (Serving Health Insurance Needs of Elders)
Customized Quotes for Florida Blue Medicare Supplements
If you’re ready to compare Medicare Supplement insurance from Florida Blue, we’d like to welcome you to our quote form. Just pick “Florida” from the quote box to get started. Of course, if you live in Arizona or another state, choose that state from the list in the quote box.
If you aren’t sure if you want Medicare Supplemental insurance, we also help people with Part D and other kinds of insurance. We also have a toll-free number that you can use to call a qualified agent during business hours. We are standing by to help you too. Note: You must be enrolled in Medicare Part A and Medicare Part B of Original Medicare to be eligible for a Medicare Supplement plan with ALL insurance companies.
Please note: We are not Florida Blue Direct, nor are we connected with or endorsed by CMS. This is our personal overview. Please check all of your plan benefits with your insurance company directly.