Another big distinction between standard and basic FEP BLue Cross is Prescriptions. If you or your significant other take a fair amount of prescriptions and/or you require brand name meds, there can be a big difference in the price you pay between the two plans....but the difference can justify the Basic plan. Basic Prescription coverage is not bad for it is as good as Medicare Part D. Under most circumstances, if you have Medicare Plans A and B most people would only need "Basic" coverage to cover deductibles/copays...uness you need alot of meds as stated above. If you donot have Medicare B then you would want to subscribe to the FEP BCBS Standard (105) plan.
A key determining factor in taking Medicare B should be your household income level and your expected income in the future, since the premiums for Medicare B are graduated based on a Modified Adjusted Gross Income (MAGI) from the previous year. (MAGI is determined by adding your previous years Adjusted Gross Income and all Tax Exempt income.)
Just remember, once you opt out of Medicare Part B it is very expensive to get back in.
Last edited by 784caroline; 11-10-2014 at 10:23 PM.
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