Blue Cross Blue Shield Insurance Review [2024]

If you are searching for health insurance coverage, you may have heard of Blue Cross Blue Shield (BCBS). Blue Cross Blue Shield is one of the world’s largest health insurance companies, offering coverage in every state in the U.S., including Puerto Rico and the District of Columbia.

Blue Cross Blue Shield has countless health insurance options. As you figure out how to apply for health insurance, it’s important that you compare rates from one company to the next so you can get the cheapest coverage.

You can use our free quote tool above to compare health insurance quotes from multiple companies and figure out which one would work best for you and your family.

What You Should Know About Blue Cross Blue Shield

Blue Cross Blue Shield offers health insurance coverage all across the country. Whether you are looking for individual coverage, coverage for you and your family members, Medicare, or Medicaid, BCBS has options for you to consider.

By virtue of offering health insurance in so many places, Blue Cross Blue Shield is an affiliation of over 35 separate and independent insurance companies.

Blue Cross Blue Shield has over 100 million policyholders when you consider all its licensed affiliates and organizations. In addition, nearly 90% of medical providers in the United States have some sort of contract with BCBS.

This means that if you have a policy with Blue Cross Blue Shield, you are extremely likely to find doctors and specialists in your network regardless of where you live.

What is Blue Cross Blue Shield Anthem?

Blue Cross Blue Shield Anthem is one of the company’s many licensed affiliates. Anthem provides very similar coverage to BCBS but is only available in 14 states in the U.S.

As an affiliate of Blue Cross Blue Shield, Anthem is ranked second in the country for both its number of members and its annual revenue. Additionally, Anthem is ranked as the largest of BCBS affiliates, earning around $90 billion each year from policyholders.

Blue Cross Blue Shield may offer Anthem in your state. If not, there are likely other affiliates to choose from. If you receive health insurance through your employer, you may find that your employer uses a BCBS affiliate as well.

Does BCBS have an easy-to-use website?

The Blue Cross Blue Shield website is very user-friendly. For many states, BCBS has a state-specific website that will allow you to access your account and see who is in your network by utilizing the My Blue Cross Blue Shield section.

To access My Blue Cross Blue Shield, you just need to use your Blue Cross Blue Shield login. You’ll find helpful information about your plan, and you’ll also be able to speak to an agent if you have any questions.

Does BCBS have good ratings and reviews?

Blue Cross Blue Shield received an A (Excellent) financial strength rating from A.M. Best. with a stable outlook and credit ratings.

BCBS also has an A+ rating with the Better Business Bureau (BBB), but the company’s website shows that the BCBS customer reviews are one out of five stars.

It is clear that Blue Cross Blue Shield is financially sound and has the ability to support its policyholders when it comes to their individual policies. Though BCBS customer reviews are not perfect, the company has a lot to offer.

Should I buy health insurance with Blue Cross Blue Shield?

You can purchase BCBS coverage anywhere in the U.S., so it’s not a bad idea to speak to an agent and see how much you’d be paying for your health insurance coverage.

If you already have health insurance through work or another plan, BCBS may still be a good choice for supplemental insurance. This depends on the type of plan you would purchase.

But before you make any decisions, you should shop around to see how much you could save with other companies and plans. Don’t commit to anything until you’ve done your homework to make sure you don’t overpay for health insurance.

In fact, you can use our free tool below to compare health insurance rates from top companies in your state today.

Blue Cross Blue Shield Insurance Coverage Options

Blue Cross Blue Shield stands as a beacon of comprehensive health insurance, offering an array of coverage options to suit diverse needs. From individual plans to specialized programs, BCBS ensures that you find the right coverage for your health and well-being.

• Individual Coverage: Tailored plans designed to meet the specific health needs of individuals.
• Family Plans: Comprehensive coverage extending to your entire family, ensuring their health and security.
• Medicare Coverage: Specialized plans catering to the health requirements of seniors, providing peace of mind during retirement.
• Medicaid Options: Accessible coverage options for those eligible for Medicaid, ensuring healthcare for individuals and families with limited financial means.
• Employer-Sponsored Plans: Coverage provided through employer partnerships, offering a range of benefits to employees.
• Wellness Programs: Participate in BCBS wellness programs to enjoy preventive care and holistic health coverage.

Blue Cross Blue Shield’s commitment to diverse coverage options reflects its dedication to safeguarding the health and well-being of individuals and families. With these choices, BCBS ensures that your unique healthcare needs are met with precision and care.

Blue Cross Blue Shield Insurance Rates Breakdown

Health insurance rates with any company will vary until the company gets to know more about you. This makes it difficult to guess how much you can expect to pay in health insurance rates.

When it comes to Blue Cross Blue Shield, the table below shows average health insurance rates for 2021 based on the plan. The table also highlights potential health insurance rates for 2022.

All of these prices are subject to change based on your personal health factors, whether you get health insurance through an employer, and whether you’re eligible for government assistance.

Blue Cross Blue Shield Rates

As you can see from the table above, individual health insurance is by far the most cost-effective option. When you add additional people to a health insurance plan, you may wonder whether your health insurance costs too much.

If the rates in the table above seem high, you can do additional research to find health insurance rates that will work with your budget. In some cases, this may mean that you sacrifice some of the conveniences of working with a larger insurance company, but that may be worth it.

Blue Cross Blue Shield Discounts Available

Blue Cross Blue Shield not only prioritizes your health but also offers a range of discounts to make your insurance coverage even more accessible. These discounts cater to diverse needs, providing added value to your insurance experience.

• Multi-Policy Discount: Save by bundling your health insurance with other policies.
• Healthy Lifestyle Incentives: Enjoy discounts for maintaining a healthy lifestyle, encouraging overall well-being.
• Good Student Discount: If you’re a student meeting academic criteria, you may qualify for additional savings.
• Employer-Sponsored Plans: Some employers offer discounts on BCBS plans, providing cost-effective options.
• Family Plans: Opting for family coverage often comes with discounted rates compared to individual plans.
• Wellness Program Discounts: Participate in BCBS wellness programs to access exclusive discounts on health-related services.

With Blue Cross Blue Shield, your health and financial well-being are a priority. Take advantage of these discounts to not only safeguard your health but also ensure a budget-friendly insurance experience tailored to your unique circumstances.

How Blue Cross Blue Shield Ranks Among Providers

In the dynamic landscape of health insurance, Blue Cross Blue Shield faces competition from other prominent players striving to provide comprehensive coverage and exceptional service. Here are some key competitors challenging the industry norms alongside BCBS.

• UnitedHealthcare: Known for its extensive network and innovative health solutions, UnitedHealthcare is a formidable competitor in the health insurance sector.
• Aetna: Aetna, now part of CVS Health, offers a broad range of health insurance products and services, emphasizing customer-centric healthcare solutions.
• Cigna: Renowned for its global reach and commitment to improving individual health and well-being, Cigna competes closely with BCBS in the health insurance market.
• Humana: Specializing in Medicare Advantage plans, Humana is a significant competitor, particularly in the senior health insurance segment.
• Anthem, Inc.: As a member of the Blue Cross Blue Shield Association, Anthem operates as an independent licensee and competes directly with BCBS in various markets.

In the ever-evolving realm of health insurance, competition drives innovation and customer-focused solutions. Blue Cross Blue Shield navigates this landscape alongside these key competitors, ensuring that individuals and families have access to a range of choices for their healthcare needs.