Top 10 Medicare Supplement Companies
When it comes to Medicare Supplement Insurance, one of the key decisions you’ll face is choosing a specific Medigap Insurance provider. Medicare Supplement Insurance Plans are standardized so a plan from company A is the same as a plan from company B. The only variable in this equation is the company and the rate which that company offers.
One piece of advice we often tell our customers is to stray away from the mindset of always going with the biggest, most prominent providers. These companies are reputable, trusted companies, which is a very important, but saving money is also a crucial feature for most Medicare beneficiaries. There are a handful of companies with high ratings and low Medigap rates that you have never heard of. We’ve compiled a list of some of the Medicare Supplemental Insurance companies with high ratings and affordable plan options. Some you’ve heard of and maybe some you haven’t.
-Blue Cross Blue Shield Medigap
Blue Cross Blue Shield operates as 39 independent entities in selected communities. For this reason the company does not share a unified AM best rating, but most of the entities sit at an A rating.
-Mutual of Omaha
Mutual of Omaha Insurance Company is affiliated with United of Omaha Life Insurance Company and both companies share an A+ rating.
-Woodmen of the World / Assured Life Association
Woodmen of the World /Assured Life Association is a fraternal benefit society with more than a century of commitment to providing excellent insurance products and to improving the quality of life for the communities in which we do business.
-Sentinel Life Medicare
This company is licensed to sell in 21 western states, including: Utah, Arizona, California, Colorado, Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Montana, Oklahoma, Nebraska, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Texas, Washington, Wyoming.
-Aetna
This Connecticut-based company serves Medicare beneficiaries in all 50 states. Aetna has an AM Best rating of A.
-Gerber
Gerber Life was named one of the Top 50 Performing Life & Health Companies in the U.S. and has an A rating.
-Columbian Mutual
Columbian Mutual has been in the business since 1882 and has an A rating.
-Forethought
With an A.M. Best rating of A-, Forethought is a “diversified financial services organization dedicated to providing innovative financial solutions for those planning for retirement and end-of-life needs.” (Forethought website)
-American Continental
American Continental Insurance (ACI) is rated A- by A.M. Best Company. Recently, Aetna acquired Genworth, ACI’s parent company, so technically this company is now part of Aetna.
-United Health Care
United Health Care is co-branded with the popular senior interest group, AARP to sell Medigap Insurance policies. This company in an A (excellent) insurance company.
To get more information about Medicare Supplement Insurance plans, talk to one of our Medigap plan representatives today or get a free quote today.
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I have aarp united health care advantage. Last year my Eye doctor said My insurance wouldn’t pay to correct drooping lid. I assume it’s considered cosmetic. But my stepdaughter takes thyroid supplement which caused her lid to droop, cutting her field of vision , and she still had to fight hard to get her insurance to pay. I have that as a result of cataract surgery. How would I know if a particular insurance plan would also not pay?