Freedom Blue PPO is offered by Anthem Blue Cross of California, a private insurance company. This video answers a question concerning whether Freedom Blue is a Medicare supplement.
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Freedom Blue is a Medicare Advantage Plan, not a Medicare supplement. Once you understand the differences between an Advantage Plan and a supplement, you will see why.
A Medicare Advantage Plan is a type of Medicare plan offered by a private insurance company that is contracted by The Centers for Medicare and Medicaid Services to provide and administer your Medicare benefits. Advantage Plans are also referred to as Part C.
Plans may be a PPO, HMO, HMO-POS or Private Fee-for-Service plan. Rather than being subject to the Part A and Part B deductible and 20% coinsurance required by original Medicare, Advantage Plans have their own cost sharing amounts in the form of deductibles, copayments and coinsurance.
Medicare Advantage Plans are good for one calendar year and often include Medicare Part D coverage and extra benefits not found in original Medicare, like dental, vision, hearing, etc. .
Medicare supplements, also known as Medigap policies are also offered by private insurance companies but work differently than Advantage Plans. Medicare supplements are standardized insurance policies that help pay a portion of your share of the costs for Medicare covered services.
Unlike Medicare Advantage Plans, supplements are not annual plans but rather continue in force as long as you pay your premiums. Medicare supplements sold today do not include Part D drug coverage.
Freedom Blue PPO is a popular Medicare Advantage Plan offered by Anthem Blue Cross of California. Freedom Blue is available in many service areas. The main benefits of Freedom Blue include its affordability, reasonable cost-sharing amounts and extra benefits.
To learn more about Medicare Advantage Plans and Medicare supplement policies, get my free 8 Part Video Mini-Course. The course is designed to help you choose the best Medicare plan for your circumstances.