Blue Shield of California Medicare Supplements to See Rate Increase 2018

Blue Shield of California
New Rates for Medicare Supplements 2018

Blue Shield of California has announced that their Medicare Supplement plan rates will change effective April 1, 2018 (see below for details). For those current Blue Shield of California Medicare Supplement plan subscribers who are impacted by this change will begin to be notified this month.  There will be six subsequent monthly mailings notifying members as they come off rate guarantee this year.

It is clear that Blue Shield strives to keep costs as low as possible, however sometimes they need to make changes to their plan rates to meet the challenge of increasing healthcare costs.  Many factors contribute to this upcoming increase, including hospital upgrades, new technologies, higher costs for physician services, and higher inpatient and outpatient costs.

Below are the projected increases that will take effective this year (2018) beginning in April.

Current Open Medicare Supplement plans:

  • Plan F will receive an average rate increase of 4.8%.
  • Plans A and D will receive an average rate increase of 4.1%.
  • Plans C and K will receive an average rate increase of 4.9%.
  • Plan N will receive an average rate increase of 6.1%.
  • High Deductible Plan F and Plan G will not receive a rate increase.

If you have questions please reach out to me and I do my very best to assist.  If you would like to shop new rates and you are able to meet the Underwriting guidelines then you can change at any time.  If you have existing health issues remember in California they have the BIRTHDAY RULE.

The California Medicare Supplement “Birthday Rule” is a very unique Medicare Supplement rule which California is one of only two states which allows this rule.

The California Medicare Supplement rule states; you have 30 days from the date of your birthday to change your Medicare Supplement plan to a company with the same plan or one with less benefits.  The change is guaranteed, meaning regardless of your current health status, the new California Medicare Supplement company cannot deny your application.

In California there is no need to stay with a company who is charging you more than the competition.  If the benefits are the same regardless of the company you are with, you should take full advantage of this unique California law.

The Birthday Rule allows you to Change Medicare Supplement Plans on the month of your birthday.  If a person already has a Medicare Supplement plan, they have 30 days of “open enrollment” following their birthday each year when they may buy a new Medicare Supplement policy without a medical screening or a new waiting period.

The new policy must have the same or lesser benefits as the old policy.  This rule is only for Medicare Supplement (Medigap) policies.  Medicare Advantage HMO plans have different rules that apply to their annual open enrollment options.

If you would like to explore the rates from Blue Shield’s biggest competitor in the state of California CLICK HERE to view information from Anthem Blue Cross.  If you have question give me a call (619) 435-6700 or email me at “sales@individualhealth.com”  I am here to help.

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