1. Cigna
Cigna provides a range of health products and services to individuals, families, and businesses. Cigna health, dental, and pharmaceutical coverage, as well as Cigna supplemental coverage and Cigna Medicare plans, are among the items offered.
Cigna sells three of the most popular Medicare supplement plans: Plan F, Plan G, and Plan N. Each plan provides unique coverage and benefits.
Plan F covers everything that Medicare does not, including Part A and Part B deductible payments and 20% coinsurance for Medicare services. Because it covers the Part B deductible as well as Part B’s excess charges, it is virtually unique among plans.
Nearly 60% of all active Supplement policies are Plan F. It is also the most costly plan because of its all-encompassing nature. Although Plan F rates have risen, many retired people feel it is worth the investment because of its extensive coverage.
This plan offers the most comprehensive coverage with the lowest out-of-pocket expenses, which is why it is the most popular plan. However, its high monthly premium has made it vulnerable to rate increases.
Cigna’s coverage and service are two of the program’s most noteworthy advantages, particularly since they are provided at competitive rates throughout the United States.Cigna’s Health Rewards programme provides several discounts: gym memberships, yoga equipment, vitamins and other health products, chiropractic care and massage, and organic food.
Cigna also provides vision and hearing care discounts, including eyewear and vision tests, Lasik vision correction, hearing aids and examinations, and hearing protection equipment.
2. Banker’s Fidelity
Bankers Fidelity Life Medicare supplement policies provide the usual Medigap features, such as nationwide access to Medicare providers. Guaranteed renewable coverage and no pre-existing condition waiting periods are provided as well. Coverage and options may vary by state.
Banker’s Life or any Medigap company can help reduce your out-of-pocket medical expenses with a Medicare supplement policy. If you become ill, this portable coverage will safeguard you. You may consult any physician or hospital without a referral, and your policy will follow you.
3. Humana
A Medigap insurance plan from Humana is available if your state allows them; Medigap plans A through N are referred to as Medicare supplements. You can find out about all of the Medicare supplement plans Humana offers by entering your ZIP code on their website, or you can purchase a policy directly from them or through a local agent.
The company was founded in 1961 by David A. Jones, Sr. as the third-largest health insurance provider in the U.S. Humana’s origins lie in Extendicare nursing homes, which subsequently became hospitals. In 1990, 20 years after starting up as a hospitalization firm, Humana entered the health insurance industry. Today, the firm provides Medicare supplement plans, Medicare Advantage plans, Part D coverage, dental, vision, prescription drug programs, Medicaid, and group insurance.
Checking out Humana’s website to learn about Medicare supplemental insurance options and rates is an easy undertaking. We discovered competitive rates and did not need to give any personal information to see quotes.
Starting your Medicare supplement plan research with Humana is a smart move. The website eliminates the need for personal information by providing simple-to-understand information and pricing, and you can receive quotes without logging in. You can purchase a plan online or schedule an appointment with an agent in your area, or you can contact Humana’s toll-free phone number seven days a week from 5 a.m. to 8 p.m. to speak with an agent.
4. ManhattanLife
Manhattan Life offers five of the eleven Medicare Supplement plans. Plan G and Plan N are available, as well as Plans A, C, and F.
A Plan A is the foundation strategy, covering Medicare co-payments for hospital, medical, and hospice care, as well as providing coverage for the first three liters of blood needed each year.
In addition to the coverage included in each of the other plans, Medicare Supplement Plan F offers comprehensive coverage. It covers all coinsurance and deductible amounts, as well as all other out-of-pocket expenses not covered by Original Medicare.
Copays are used on Plan N in order to make coverage more affordable. The remaining plans are closer to the copay plan in terms of coverage, with copays being the only option.
We see no reason why Manhattan Life’s longstanding presence in the insurance sector should raise any concerns. We were unable to get a look at their rates, but this firm provides a wide range of Medicare Supplement plans. For those who are willing to make phone calls to get rate quotes, this firm might be worth a call.
5. AARP
All eight Medicare supplement plans (AARP/UnitedHealthcare Insurance sells F and G, in addition to the standard ones) are available. You may look up which plans are available to you and their costs using this website. Certain plans are not offered in every state, territory, or county. Plug your Zip Code into this website to find out which plans are available to you and how much they cost.
When purchasing insurance, price is always a big consideration; however, being a customer of reliable companies is worth a lot. In addition, AARP/UnitedHealthcare Medicare Supplement plans often provide no-cost hearing assistance, round-the-clock nursing care, and Renew Active by UnitedHealthcare, which connects patients to an extensive network of participating gyms and fitness centers.
6. Transamerica
Despite not having decades of experience administering Medicare plans, Transamerica has earned a place at the table due to its reputation for exceptional customer care. There are four Medicare Supplement plans (A, F, G, and K) available in 19 states. You may only purchase Plan F if you were eligible for Medicare prior to January 1, 2020. Not every plan is available in every location.
It’s tough to estimate the complete range of expenses that consumers could be quoted since Transamerica does not provide pricing information on its website. You’ll need to contact an agent for more information. Most Medicare insurance plans fall between $40-$300 per month in the wider health insurance market.
Even though the firm only started providing these policies in 2012, its 100-year history in insurance and financial services gives it a deep understanding of what its insured customers want. For example, the quoting and enrollment processes are quick and simple.
Transamerica should be on your list of contenders if you are looking for an affordable Medicare Supplement plan. It is financially stable. If you are interested in purchasing an economical Medicare Supplement policy, you should consider Transamerica. Its objective is to provide some of the lowest initial rates in the industry, followed by some of the lowest annual raises.
7. State Farm
State Farm has a friendly reputation and is community-oriented. In addition to being the largest auto insurer in the country (State Farm), State Farm also provides Medicare Supplement insurance (State Farm, 1999). Furthermore, State Farm gives away hundreds of thousands of dollars in grants and volunteer hours to charities, according to the firm.
You’ll mostly be comparing carriers based on their premiums because, in most states, the coverage for each Medicare Supplement is identical. Your premium will change according on your age, gender, smoking status, and place of residence.
Your Original Medicare coverage will pay its portion of the cost of your care before your Supplement coverage begins to pay. You will be responsible for covering any further expenses after both insurances have reached their coverage limitations.
State Farm’s extensive network of independent agents, who can provide policyholders with a lot of individualized support, is one of its main selling points. Additionally, State Farm representatives provide house visits, which is undoubtedly a distinctive benefit. You may schedule a visit from an adviser who will evaluate Medicare Supplement plans with you and enroll you all in one go.
Although State Farm doesn’t provide as many “extras” as other insurance providers, the company’s policies’ low cost, first-rate customer support, and broad variety may more than make up for this for certain beneficiaries.
8. Mutual of Omaha
With over a century of experience in the insurance market, Mutual of Omaha is a well-known brand. Mutual of Omaha doesn’t offer as many alternatives as other insurers because there are just three plans accessible for new subscribers. The company’s plans are still among the most well-liked among Medicare enrollees despite being few.
You will mostly compare insurers based on factors like cost, reputation, customer service, policy benefits, and so on because Medicare Supplement coverage is standardized. These benefits include easy access to providers, a cut of the savings for the policyholder, and the Mutually Well lifestyle program, which promotes healthy eating and exercise.
The cost of a Medigap plan is determined by Mutual of Omaha using attained-age pricing. Accordingly, your initial premium is determined by your age and rises as you get older.
According to consumer feedback, Mutual of Omaha pricing increases have been a sticking point among subscribers. Even though many insurers use attained-age pricing, some have a history of imposing lower rate increases than others. Some customers have reported rate increases of up to 50%, suggesting that Mutual of Omaha’s rate increases are on the higher side.
9. Blue Cross Blue Shiel
Medicare Supplement plans from Blue Cross Blue Shield are supported by a sizable, nationally recognized health insurance provider with an A+ rating from A. M. Best. For an additional fee, plan members typically have the opportunity to add additional dental and vision insurance to their existing coverage. With savings for purchasing numerous premiums, they might also be able to reduce their monthly rates.
Because of the company’s extensive network of affiliates, members frequently get access to exclusive offers on goods and services as well as other benefits. However, in some instances, Blue Cross Blue Shield is given low grades for reaction time. It also receives below-average scores for customer service in some regions from other independent review websites, including the Better Business Bureau and Consumer Affairs.
Medicare Supplement plans from Blue Cross Blue Shield are supported by a sizable, nationally recognized health insurance provider with an A+ rating from A. M. Best. For an additional fee, plan members typically have the opportunity to add additional dental and vision insurance to their existing coverage. With savings for purchasing numerous premiums, they might also be able to reduce their monthly rates.
Because of the company’s extensive network of affiliates, members frequently get access to exclusive offers on goods and services as well as other benefits. However, in some instances, Blue Cross Blue Shield is given low grades for reaction time. It also receives below-average scores for customer service in some regions from other independent review websites, including the Better Business Bureau and Consumer Affairs.
10. Combined Insurance
Written for both people and businesses as employee perks, supplemental health insurance plans are Combined Insurance main focus. Their products provide income protection as well as accident and critical sickness insurance. Medicare Supplement insurance is not mentioned on the main Combined website, but a search reveals that it is listed on a different site extension. The fact that this portion of the website appears to have no links leading from the main page and can only be reached by conducting a specific search struck us as peculiar.
The website that mentions Medicare Supplement insurance it is not very informative. The website just advises visitors to contact an agent for more information rather than providing a list of the policies that are available. To obtain more information, you will have to fill out the form that is available.
According to the website, plan selections and coverage vary by state. There isn’t much else about Medicare Supplement on the webpage save some generic information.
We can infer that Combined does provide this choice because all Medicare Supplement firms are required to provide Plan A, the base plan, in states where the letter-coded system is in effect. There may be a Combined Insurance Medicare supplement Plan F, but we are unable to predict which of these they have accessible. They are also required to offer either Plan C or Plan F.
Simply said, there is insufficient information on Combined’s Medicare practices to establish a reliable judgement of this company. Medicare information is not easily accessible from the company’s home website, which shows that this product line is not particularly crucial to the company. Elsewhere are other websites that provide more information about their offers, so those looking for Supplement coverage may find better success there.
