How to Cancel a Blue Cross Blue Shield

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Blue Cross Blue Shield Refund Policy

If you have already paid for a future billing period, Blue Cross Blue Shield usually gives a pro-rata refund for the unused days. For instance, if one cancels in June, they can get a refund for the remaining days of June.

How Much Can You Save After Canceling BCBS Subscription?

The amount you can save after canceling your subscription with The Blue Cross depends on various factors, including your current plan and usage. Customers may save anywhere from $506 per month by discontinuing their subscription.

Where to Invest That Amount?

After discontinuing with Blue Cross Blue Shield membership, here is what you can do with that:

• Savings might be invested in individual company stocks, which potentially have high returns but also higher risks.

• Put saved money into a high-yield savings account that will be secure as an emergency fund.

• Invest directly in shares of specific companies.

• Contribute to an employer-provided retirement plan.

Alternatives to Blue Cross Blue Shield

However, one has been using BCBS as the preferred healthcare provider until now. In that case, it is crucial to consider other options since this could be more flexible and offer cheaper rates in the future.

Aetna

Aetna is another big US health insurance company. Its offerings include various Affordable Care Act (ACA) plans and Medicare Advantage plans.

Surest

Surest competes with Blue Cross, but before comparing its product offerings, it is essential to examine Sure's benefits for you.

Empire Life Insurance

Empire Life Insurance offers different coverage types, such as health policies in Canada. If you are living in Canada, they can be an excellent alternative to Blue Cross.