Blue ValueSM features a limited network of providers for savings on your monthly cost.
- Savings of up to 15% over Blue Advantage®,1
- A limited network of providers and pharmacies to lower costs
- More prescription drugs requiring preauthorization
- Preventive care covered at 100%2
Blue Value is a good fit for those who want savings and don't have a strong provider preference, or whose provider is already in the limited network.
Like Blue Advantage, Blue Value offers two types of payment coverage options for medical expenses: copayments, and deductible and coinsurance plans. These are the same flexible payment options as Blue Advantage, but offered on a limited network to save you money.
Copayment plans offer a fixed copayment for things like primary care office visits and prescriptions. These plans are ideal for someone who wants predictable costs. While you'll know what you're going to pay with copayment plans, they come at a higher premium.
Deductible and coinsurance plans have lower premiums than copayment plans. If you don't expect a lot of medical expenses and want to save money on premiums, these may be the plans for you. For these plans, you pay the full cost of your medical expenses until you meet your medical deductible. Then you pay a coinsurance percentage, sharing the cost with BCBSNC until you reach your out-of-pocket limit. After that, BCBSNC pays all covered costs.
We have two Blue Value deductible and coinsurance plans that have a $0 deductible. That means you start with a coinsurance percentage rather than a deductible. From Day 1 BCBSNC shares your expenses until you reach your out-of-pocket limit.
For more options for your budget and needs, some plans offer a combination of copayments, and deductible and coinsurance.
Health Savings Account (HSA)
Certain plans are also eligible for an HSA.
- The money you contribute to your HSA is tax-deductible.3
- When you need to pay for eligible medical services, you can pay for them with your HSA funds.
- Your HSA rolls over from year to year. That means you keep what you put into it. It's your HSA - it's your money.
Blue Value plans are available in all metallic levels: bronze, silver, gold and platinum. The levels differ by how much of your medical costs a plan will pay on average. They are based on approximate values for standard medical expenses.4, 5
- Bronze plans pay 60% of medical costs on average
- Silver plans pay 70% of medical costs on average
- Gold plans pay 80% of medical costs on average
- Platinum plans pay 90% of medical costs on average
All plans have an out-of-pocket (OOP) limit of a maximum of $6,350. Some plans have an even lower OOP limit.
*Savings of up to 15%
- BCBSNC Internal Data, January 2014 premium difference for Blue Value compared to a comparable Blue Advantage plan with $1,000 Deductible and 80% Coinsurance. Actual savings will depend on geography and plan design selected.
- HSA contribution amounts are limited to the amount established by the IRS for each year for single or family coverage.
- Certain preventive care services are covered at 100% before deductible when received in an in-network office or out-patient setting. Other covered services may be subject to deductible and coinsurance. When you receive preventive care out-of-network, you may pay more. Visit bcbsnc.com/preventive for a full list of preventive services.
- The Center for Consumer Information and Insurance Oversight. Centers for Medicare and Medicaid Services. "Actuarial Value and Cost-Sharing Reductions Bulletin." http://cciio.cms.gov/resources/files/Files2/02242012/Av-csr-bulletin.pdf. Accessed April 29, 2013.
- These are approximate values with a +/- 2% variation.
Blue Value may not be available in all geographic areas.