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Anthem Medicare Supplement Plans: A Comprehensive Review of Products and Ratings

Find out if Anthem is the Right Choice for Your Medicare Supplement Needs.

2 mins read
Comprehensive review of Anthem Blue Cross Blue Shield (Elevance) Medicare Supplement (Medigap) health insurance including including ratings, discounts and rankings
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Background on Anthem

Anthem is the largest licensee of the Blue Cross Blue Shield brand and operates as a subsidiary of Anthem, Inc. They recently rebranded to Elevance Health in 2022 and own related brands such as Empire Blue Cross Blue Shield.

Anthem has been a major player in the health insurance industry for decades, offering a variety of insurance products to individuals, families, and employers.

Anthem is the 4th largest Medicare Supplement carrier in the country.

What Medicare Supplement Plans Anthem Sells

Anthem offers a variety of Medicare Supplement plans, including Plans A, B, C, D, F, G, K, L, M, and N. These plans help cover the out-of-pocket costs that Original Medicare doesn’t cover, such as deductibles, copayments, and coinsurance. Some plans also cover foreign travel emergencies.

In addition, Anthem offers Medicare Supplement Insurance in Wisconsin that fits the state’s standards, which differ from the standardization system used in the majority of the country.

For a comprehensive guide on how to compare different Medicare Supplement plans read this article.

What States Anthem Medicare Supplement Plans Can be Purchased

Anthem Medicare Supplement plans are available in many states across the United States, including California, Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, New York, Ohio, Virginia and Wisconsin.

However, plan availability may vary by state, so it’s important to check with Anthem or a licensed insurance agent to determine which plans are available in your area.

Anthem Ratings & Rankings

Anthem Inc. is a financially stable company with strong ratings from reputable rating agencies:

  • A rating from A.M. Best
  • A- rating from S&P Global Ratings
  • A3 rating from Moody’s
  • A- rating from Fitch Ratings

These ratings indicate that Anthem is a reliable and trustworthy company that is well-equipped to meet its financial obligations.

Household Discounts Available when You Purchase Anthem’s Medicare Supplement Plans

Anthem offers household discounts for couples who both enroll in their Medicare Supplement plans. Eligibility criteria and the size of the discount may vary by state, but in general. The discount has historically been 5% of monthly premium. However, in certain states, those with a coverage effective date of March 1, 2023 or later and eligible for the Household Discount will get a 10% discount.

In addition on certain states such as California: if you are 65 or older and within six months of your Part B effective date, the Plan G monthly premium shown will include the $25 New to Medicare discount off your premium for the first 12-months.

Once you are an Anthem Medicare Supplement plan member, the following services and discounts are included:

  • Silver Sneakers Fitness Program
  • ScriptSave pharmacy and vitamins discount
  • Hearing discount through NationsHearing providers
  • Vision discount through Glasses.com and Premier LASIK
  • Self help discounts through FitBit, Jenny Craig, and ChooseHealthy
  • Access to Extras Packages for more dental and vision coverage (additional monthly premiums apply)

How to Purchase an Anthem Medicare Supplement Plan through CoverRight

CoverRight is an online marketplace that helps you compare and purchase Medicare Supplement plans from top insurance carriers, including Anthem. To purchase an Anthem Medicare Supplement plan through CoverRight, you can visit their website, enter your zip code, and compare plans in your area. From there, you can select an Anthem plan and enroll online or speak with a licensed agent for assistance.

In conclusion, Anthem is a top choice for Medicare Supplement plans, offering a variety of plans in many states across the country. With high ratings from major rating agencies and household discounts available, Anthem is a reliable and cost-effective option for those seeking Medicare Supplement coverage.

Richard Chan

Richard is based in New York. He is passionate about empowering consumers to take control of their health and finances. Prior to CoverRight, Richard had extensive experience working in financial services with over 8 years' experience in consumer lending and investment banking.