Low Cost Health Insurance Plans
You know about our new lower-cost plans for group business. Now we've
introduced lower-cost plans for individuals under age 65 - with premiums priced
30 to 70 percent less than our most popular conventional products. These
insurance plans come with a higher coinsurance or deductible, but can provide
the coverage families may need to avoid financial devastation in case of severe
illness or accident. Like our conventional BlueOptionsSM plans, members will be
able to enjoy value-added programs and services' from health related discounts to
informational tools and a pharmacy program.
Two plans that are
completely new to the BlueOptions portfolio are Hospital and Surgical Coverage
and Temporary Insurance Product.
Our Hospital and Surgical plan provides
basic protection for catastrophic medical costs. Some plans are compatible with
a Health Savings Account (HSA). In-network calendar year deductibles (CYD) range
from $250 to $5,000.
- The CYD and applicable coinsurance are applied to emergency room (ER) services that result in a covered surgery or inpatient admission. Otherwise, a $2,500 per visit deductible is applied. The per-visit ER deductible does not apply toward the plan's out-of-pocket maximum or the CYD.
- Lifetime maximum has been increased to $5 million.
- Members can receive services from any hospital or physician. However, they get the most benefit when they receive covered services from a NetworkBlueSM provider. And, members are protected from balance billing when using NetworkBlue or our Traditional network providers.
- Through the BlueRx DiscountsSM program for prescription drugs, members receive discounts on virtually all prescription drugs at select participating pharmacies nationwide and through mail order.
Our BlueOptions Temporary Insurance plan provides individual short-term medical coverage, and is ideal for college graduates no longer considered dependents, working individuals between jobs, or those waiting for benefits to take effect with a new employer. Modeled after our Traditional plans, the Temporary Insurance plan provides comprehensive major medical benefits with coverage for a full range of hospital and physician services. Policies can now be purchased in increments of 30, 60, 90 or 180 days of protection, with a renewal for up to a maximum of 180 days coverage per 12-month period.