Top

Senior Benefit Services

Medicare Supplement

Are you looking for additional coverage to supplement your Medicare benefits? Our Medicare Supplement category has everything you need to know.

Quick and Easy Medicare Supplement Comparison

Compare Plans

Need Some Help? We Can Help

Menu

Our Locations

Medicare Supplement Vs Medicare Advantage Plans, What Is Right For You

Medicare Supplement Vs Medicare Advantage Plans, What Is Right For You

Medicare Advantage vs Medicare Supplement…which is the better choice?

Many people have heard of these plans, but don’t know what options are suitable for their needs.

The truth is that there are many differences between Medicare Supplement Insurance and Medicare Advantage Plans. Both can be beneficial when you understand what they offer. 
Keep in mind that you can only have one or the other.

This article will highlight the main components of both types of plans to help you decide the best course for you when it comes to the medical coverage you need. 

Two Types of Plans

Before we dig a little deeper into each of these plans, it’s essential to know their fundamental differences. Medicare Advantage, also known as Medicare Part C, are health plans overseen by CMS and administered by insurance companies. These plans are available to Medicare beneficiaries and are not medically underwritten. Supplement plans are additional insurance policies that cover the gaps in Original Medicare Part A & B.  These plans are overseen by the state insurance department and issued by insurance carriers.  Unless a Medicare beneficiary is in an enrollment period that waives underwriting, they will need to medically qualify for this type of plan. 

Types of Medicare Plans

There are several types of Medicare Plans available:

Health Maintenance Organization Plans (HMO)
Preferred Provider Organization Plans (PPO)
Private Fee-for-Service Plans (PFFS)
Special Needs Plans (SNPs)
HMO Point-of-Service Plans (HMOPOS)
Medical Savings Account Plans (MSA)

Each type has different rules and features regarding networks, referrals, and out-of-pocket costs.

Highlights Of Advantage Plans

Medicare Advantage takes the place of your original Medicare, but you are still required to pay your Part B premium each month. One of the primary components of Medicare Advantage is that many have a network of providers.  This means that members must use a provider in the network if they want to have the maximum benefits paid.  In addition, the plan may also require the member to get a referral from their primary care physician to see another provider such as a specialist.  The specialist must also participate in the plan network for maximum benefits to be paid. 
You pay healthcare costs through daily co-pays and coinsurance with Medicare Advantage. People who have these plans tend to pay less in monthly premiums, but have more out of pocket exposure.  During years when there is not much plan usage, a beneficiary is likely to pay less in total medical expenses.  However, those who suffer from chronic health conditions who enroll in this plan can often experience higher out-of-pocket costs due to hospital stays and co-insurance payments.

Get Your FREE Customized Medicare Advantage Quote

New Medicare Advantage Quote Request
Name
Name
First
Last

Additional Benefits of Medicare Advantage Plans

These plans often include additional benefits not covered by Original Medicare, such as dental, vision, hearing aids, and wellness programs.

Some plans may even offer transportation to doctor visits, over-the-counter benefits, and meal benefits. These extra benefits can be particularly attractive to beneficiaries looking for comprehensive coverage beyond just medical and hospital insurance.

However, it’s crucial to understand that medicare plans can change their benefits, provider networks, and drug formularies annually.

This means you’ll need to review your plan each year during the Annual Enrollment Period (October 15 – December 7) to ensure it still meets your needs.

Highlights Of Supplement Insurance

Medicare Supplement Insurance is designed to fill in Medicare Part A and B gaps, otherwise referred to as Original Medicare. With Supplement Insurance, you pay the majority of your healthcare costs upfront through monthly premiums.  Each plan is priced based upon the benefits it provides and how it is rated.  For many retirees it is easier to budget a monthly premium and know what their fixed costs are whether they use the plan or not.
Original Medicare and Medicare Supplement Insurance plans do not have provider networks.  This means the they can see any doctor or specialist that accepts Medicare with no referrals required.  Congress made one change to Medicare Supplement Insurance worth noting.  If you become eligible for Medicare after January 1, 2020 you cannot purchase a plan that provides coverage for the Part B deductible.  This means that you cannot purchase a Plan C or Plan F.

Get Your FREE Supplement Quote Today

New Medicare Advantage Quote Request
Name
Name
First
Last

Standardization and Coverage of Supplement Plans

Supplement plans are standardized across most states, meaning the benefits for each plan letter (A, B, C, D, F, G, K, L, M, and N) are the same regardless of which insurance company sells the policy. This standardization makes it easier to compare prices between different insurance companies.

Another advantage of Medicare Supplement plans is that they offer nationwide coverage. This can be particularly beneficial for people who travel frequently within the United States or split their time between different states.

Factors to Consider When Choosing Between Medicare Advantage and Medicare Supplement

When deciding between Medicare Advantage and Medicare Supplement, consider the following factors:

Costs: Compare monthly premiums, deductibles, copayments, and out-of-pocket maximums.

Coverage: Assess your healthcare needs and which plan best covers them.

Provider networks: If you have preferred doctors or hospitals, check if they’re in-network for Advantage plans you’re considering.

Prescription drug coverage: Determine if you need this included in your plan.
Additional benefits: Consider if you need or want extras like dental, vision, or hearing
coverage.

Travel: If you travel frequently, a supplement plan might offer more flexibility.
Health status: If you have chronic conditions or expect high healthcare utilization, a supplement plan might provide more comprehensive coverage.

So Which Plan Is The Best?

The quick answer is simple, whichever plan addresses your specific needs and budget.  While many agents will debate Medicare Advantage vs Medicare Supplement benefits, the reality is that each individual’s needs can be quite different and should be taken into account.  Get the personalized attention you deserve by talking to one of our advisors today. Call (800)924-4727 or email [email protected] with the subject line “Please have an advisor contact me”

Frequently Asked Questions (FAQs)

When can you change Supplement Plans?

There is no set date during the year when you can change supplement plans. There are a few things to keep in mind when deciding to change your supplement plan before it comes up for renewal.

If you pay your premium annually, you will need to wait until the new policy is issued and then you can apply for a refund of unused premiums from your current company. You should never cancel your existing coverage before your new policy has been approved.

Can you change supplement plans with pre-existing conditions?

This is not a simple yes/no answer. Some supplement insurance companies may look at a pre-existing condition as too severe and will not issue a policy, where another carrier may not view the pre-existing condition as un-insurable. Of course, there are certain conditions that insurance companies are going to shy away from such as currently being treated for cancer, on kidney dialysis, or have an upcoming surgery planned. The best thing you can do is simply talk with an insurance advisor and let them see what all your options are.
What is the best Advantage plan for Medicare?

The best Medicare Advantage plan is the one that covers your individual needs with the least amount of financial exposure. While Medicare Advantage has what are known as Star Ratings, this is only one way to measure which plan you should investigate further. You need to look at the network of providers to see if all your doctors and facilities participate.

In addition, you need to make sure that all your prescriptions are being covered on the plan’s formulary list. Also, don’t get caught up in the low co-pays when seeing your primary care physician. While a $20 co-pay doesn’t seem like much, you need to be aware of the fact that this adds up when seeing your doctor multiple times a year.

Throw in some visits to a specialist who has a $40 co-pay and the amounts start to add up. Speaking of co-pays, don’t forget that most Advantage plans have a daily hospital co-pay that can be upwards of $300 per day up to 5 days in the hospital.

The good news is that Medicare Advantage must offer a cap on what you can be out of pocket for in a calendar year. All the approved expenses that you pay out of pocket go towards this cap. It is important to be aware of what the plan’s maximum out of pocket amounts are each year. Some can be as high as $10,000 for a calendar year.

Get Your FREE Medicare Supplement Quote

New Medicare Advantage Quote Request
Name
Name
First
Last

Taking Action

Now that your main questions about Medicare Supplements vs Medicare Advantage have been answered, it’s time to take the next step. Feel free to give us a call toll-free at 1.800.924.4727 or complete the form request on our website.

With all insurance products, the longer you wait, the more complicated the outcome can get, so there is no need to delay in making your decision.

Benefits Of Medicare Supplement Plans

Benefits Of Medicare Supplemental Plans

It is never easy to choose medical insurance, although it is a necessity. It’s also not possible to predict what we might need by way of healthcare.  This article explains the benefits of Medicare Supplement plans.

What Are Medicare Supplement Plans?

Before deciding if you need a Medicare supplement plans, you may need to understand how these plans work with your original medicare benefits.  For instance, Medicare Parts A and B provide health insurance for your general health-related expenses, but they won’t cover all of the health care costs you may incur.

A Medicare Supplement plan, also known as “Medigap,” is a private insurance policy. It can go towards paying for some of the health care costs that you don’t get with Medicare. This can include out-of-pocket expenses such as copayments, coinsurance, and deductibles.

No one could have predicted the Wuhan virus international emergency and how we would be caught unawares of increasing health issues. Now, there is a greater need to understand our health insurance plans and how we need to improve on them to ensure that we can afford good healthcare. This is especially true in the case of out-of-pocket costs and health insurance for senior citizens.

Find The Right Medicare Supplement Plan

Medicare Supplement plans are created to help pay for the costs you normally pay out of your own pocket. But the supplement plan you select will tell you how you benefit from it, and how much it costs. For those that are unsure of how to proceed, insurance companies offer expert consultation through licensed agents. In fact, the only decision to make is that you find a company that not only offers Medicare Supplements but also sound advice on which plan suits you best.

Clearly, supplement plans are essential for retirees. Supplement plans that can pick up where your Medicare leaves off bring peace of mind.  To find the right Medicare , knowing that you are covered if you are afflicted with something unexpected.

What You Should Know About Medicare Supplements

What You Should Know About Medicare Supplements

For seniors, securing cost-effective and quality healthcare services is of utmost concern. Most often, seniors use Medicare to help provide coverage for health care costs they incurred through the aging process. However, Medicare is designed to cover various expenses, with some costs remaining unincluded in the scope. Things such as hearing aids, eyeglasses, custodial care, and alternative medicines are not typically covered under Medicare but require plans outside of typical Medicare Supplements. These products include a dental, vision, and hearing plans.

Medicare And Medicare Supplement Plans

Medicare supplement plans are considered secondary insurance coverages of Medicare. Medicare will typically pay health costs first, and then the supplement will be used to close in gaps in expenses that are not covered by the primary Medicare insurance. For seniors, critical study of Medicare and Medicare supplements is vital to making an informed decision. Here are a few little-known aspects of Medicare supplement plans you should be aware of as you make your healthcare decisions.

Medicare Supplement Plans Are Standardized

Medicare supplements are standard parts of your overall Medicare coverage. These supplements are primarily the same across the board no matter who you purchase them through; however, some companies may provide innovative benefits outside of the standard plans.  Whereas the programs offer the same coverage, the difference may be noticed in how the companies price their products.  The benefits on a Medicare Supplement Plan G will be the same core benefits with Company A as it will be with Company B.  This is where standardization comes into play.

Open Enrollment

Medicare supplements can be purchased during open enrollment. Open enrollment is a period that lasts for a couple of months, usually beginning on the first day of the month in which you enrolled in Medicare part B or the first day of the month you turned 65 or older. Speak to your provider to ensure you are aware of your open enrollment period and find out what coverage you have and those that may be beneficial.

Supplement Security

Many seniors worry that their Medicare supplement carrier will increase or cancel their coverage as their health deteriorates.  This is not true.   Again, in most cases, Medigap plans  stay the same from carrier to carrier; the difference may be which plans the carrier offers.  Your claim process should be straightforward and clear, and the company’s reputation of handling claims should be stellar.

Choosing Reputable Medicare Provider

Choosing a reputable Medicare insurance provider is vital to your ultimate satisfaction with your healthcare coverage. A little research, in the beginning, can save you headaches down the road and keep you worry-free when it comes to your health coverage.

Dealing with a Medicare Supplement Rate Increase

Medicare Supplement Rate Increase

If you’re on Medicare, there’s a pretty good chance you also have a Medicare supplement plan to help cover out-of-pocket expenses such as copayments, deductibles, and coinsurance. As time passes, you’ll inevitably experience a rate increase. Unfortunately, a Medicare Supplement rate increase is impossible to avoid. So, what gives?

Why Medicare Supplement Rates Increase

Understanding why your Medicare supplement rate increases can help you navigate the turbulent waters of rising costs. A rate increase can be caused by any number of reasons, but it all starts with the pricing structure of your plan. There are three separate ways that carriers price Medicare supplement plans and they vary by state.

  1. Community rated – You pay a flat rate regardless of age. Rates may increase based on other factors, such as inflation, but not because of your age.
  2. Issue-Age rated – Your rate is based on your age at the time of purchase. Rates may increase based on collective policy claims but not because of your age.
  3. Attained-Age rated – Your rate is based on your current age and increases as you grow older. This is the most common type of pricing plan.

Keep in mind that each of these pricing plans may not be available in every state. There are also other factors that influence the rate you pay for your Medicare Supplement plan. These factors include inflation, the rising cost of healthcare, and claims experience. With so many moving parts, the dreaded rate increase is a virtual certainty.

What You can Do to Control Cost

As insurance companies pay more claims, they tend to raise premiums to offset costs. Luckily, Medicare supplement plans are standardized but every company has a different claims pool and experience. This means that you may be able to find the exact same Medicare supplement plan at a different company for a lower price. Since Medicare supplement plans do not operate within networks, changing carriers will not affect your access to providers.

You may also find that your needs change over time and a different plan may suit you better. Perhaps you’ve been paying a high-priced premium for the infamous ‘Plan F’ supplement.  Another way to fight against a Medicare Supplement rate increase is to look at optional plans.  You may find that ‘Plan G’ is better suited to your lifestyle and your budget. It is nearly identical to ‘Plan F’ but it doesn’t cover the minimal deductible for Medicare Part B and it is typically much more affordable.

At Senior Benefit Services Inc., we recommend an annual review near your policy’s anniversary date to ensure you have the coverage you need at the best possible rate. Our mission is to help you enjoy your retirement by ensuring you get great insurance at an exceptional value. Contact Senior Benefit Services Inc. today to get a free no-pressure Medicare supplement quote or compare rates with your current plan.

Medicare Parts & How They Work

Figuring out the parts of Medicare can be both intimidating and time-consuming, especially if you have been confusing the different Medicare parts with Medicare plans.

But, it doesn’t have to be:

You can actually learn about the different parts of Medicare without pulling out all your hair and that once you have learned each part, they will pretty much always be the same.

In this guide today we will go over how each part works, why they are different, and how to know which parts you do or don’t need.

See Current Costs for Part A and Part B 

medicare partsFree Medicare Supplement Quote Comparison

What Is Medicare

The program was established in 1965 as a federal government program that offers health insurance if you are 65 or older, under 65 and received Social Security Disability Insurance or people who are under the age of 65 and have End-Stage-Renal Disease, also known as ESRD.

A federal agency, known as CMS or (Centers for Medicare & Medicaid Services is who is responsible for running the program.

Program benefits are being funded by Social Security and Medicare taxes that you pay on your income, from premiums that people pay who have Medicare and as part of the budget of the federal government.

Once you become eligible to enroll, you will start hearing about different parts of Medicare which we discuss below.

The Different Medicare Parts

There are four main parts, and as we discussed earlier, they can be confusing.

Each part will play its own role in your journey and understanding the differences can save you both money and heartache.

In some instances, it makes a lot of sense to also consider purchasing separate Medicare Supplement Plans aka Medigap Plans to fill in the gap where Medicare does not.

Medicare Part A (Hospital)

The first part is Part A, which is your hospital insurance.

Your hospital insurance will cover things like the cost of hospice, home health care, skilled nursing facility stays or even semi-private room for stays.

Part A will also cover blood transfusions requiring more than 3 pints of blood.

And guess what:

If you have worked for at the least 10 years in the United States, this benefit is usually free.

When you think about anything revolving around a hospital stay, think of Part A.Compare Medicare Supplement Rates Free

Nursing Home Coverage

If you have a qualifying hospital inpatient stay then Part A will cover a skilled nursing facility stay (SNF).

In order to qualify for the SNF care, your stay has to be a minimum of three days and must be provided at a Medicare-certified facility.

Approved charges for covered skilled nursing care covers, but is not limited to:

  • Skilled nursing services
  • Semi-private room
  • Medical social services
  • Meals
  • Rehab services, if they are medically necessary to treat your illness
  • Medications received while in SNF care
  • Medical supplies and equipment used in SNF
  • Ambulance transportation to the nearest provider
  • Dietary counseling

Remember, your doctor has to certify that you need daily skilled care that you cannot receive at home.

Hospice Coverage

If you have been diagnosed with a terminal illness and only given six months or less to live, you can get hospice care.

The primary focus of the hospice is to make you as comfortable as possible while you are dealing with your illness, there is no focus on curing your disease.

Before a hospice stay is covered, you must meet all of the following conditions:

  • You must be enrolled in Part A.
  • Your doctor must certify that you are terminally ill and have six months or less to live.
  • You must agree to give up curative treatments for your terminal illness.
  • You must receive hospice care from a Medicare-approved hospice facility.

Part A hospice care is usually received in your home and it may include:

  • Doctor services
  • Nursing care
  • Pain relief medications
  • Social services
  • Durable medical equipment
  • Medical supplies
  • Hospice aide services
  • Homemaker services
  • Physical and occupational therapy
  • Dietary counseling
  • Short-term inpatient care
  • Short-term respite care

If you are under hospice care, Part A will sometimes cover some costs that Medicare normally does not include, like spiritual and grief counseling.Free Medicare Supplement Quote Comparison

Inpatient Care

Inpatient care can be covered for places like

  • Participation in a qualifying clinical research study
  • Critical access hospitals
  • Inpatient rehabilitation facilities
  • Long-term care hospitals
  • Mental health care
  • Acute care hospitals

Keep in mind that Part A  does not cover a private room unless it is considered medically necessary.

Home Health Care

You also have home health care benefits that are covered when considered to be medically necessary and get ordered by your doctor.

These home health care services can include:

  • Physical therapy
  • Speech-language pathology services
  • Part-time or intermittent skilled nursing care
  • Part-time or intermittent home health aide services
  • Occupational therapy
  • Medical social services

Keep in mind that Part A of Medicare will not cover any type of 24-hour home care, meals, or homemaker services if they aren’t related to your treatment.

It also won’t cover things like help with bathing and dressing, if that is the only care that you need.

Your home health care must be provided by a Medicare-certified home health agency, and a doctor must certify that you are home-bound.

The Three Most Commonly Asked Questions About: Medicare Part A

Medicare Part B (Medical)

The next part of Medicare is going to be Part B, this part is responsible for your doctor’s visits.

It is going to mainly be used for outpatient services that are considered to be medically necessary.

It is going to include coverage for things like doctor office visits, preventative care, lab tests, chemotherapy, ambulance rides, diagnostic imaging surgeries or even kidney dialysis.

Medicare Part B is just as important as Part A and together they make up coverage for both at the hospital and outside of the hospital.

Part B Premiums

There is definitely a chance that your Part B Medicare premiums may go up every year and there is no way to figure out by how much.

For 2022 the standard monthly premiums for Part B will be $170.10 and if you have Social Security benefits it will be deducted from your benefits automatically.  Keep in mind that if you are a higher income earner, then you will pay more for your Part B premiums.  You can check to see if you fall into the higher income earner category here.Free Medicare Supplement Quote Comparison

Part B Coverage

There are a ton of things that you are covered for under Medicare Part B so we put together a list of the items.

Remember that you need to look at the specifics of how each benefit will work when you sign up for your Part B coverage.

Ambulance Services

Cardiac Rehabilitation

Chiropractic Services

Diabetes Self Management Training

Diabetes Supplies

Durable Medical Equipment

Emergency Room Services

Eyeglasses

Hearing & Balance Exams

Kidney dialysis services and supplies

Mental health care (outpatient)

Occupational therapy

Outpatient medical and surgical services and supplies

Physical Exams

Physical Therapy

Prescription Drugs (limited)

Prosthetic and orthotic Items

Pulmonary rehabilitation

Rural health clinics and free or low-cost health clinics

Screenings (tests and scans)

Second surgical opinions

Shots

Smoking cessation (help to quit smoking)

Speech therapy

Telehealth

Transplants and immunosuppressive drugs

Urgently needed care

3 Questions You Should Ask About Medicare Part B

Medicare Part C (Medicare Advantage)

So, Part C of Medicare is different than Part A & Part B in that it is actually you obtaining your Medicare benefits through private insurance companies.

Part C is most known as Medicare Advantage.

These Advantage plans are basically private health plans that you can sign up for instead of Original Medicare.

You will still get Parts A & B of Medicare, and some of them come with Part D as well, all from one private insurance company.

These Advantage plans usually offer a few more benefits than original Medicare; however, some of them will carry an additional monthly premium.

If you are considering an Advantage plan, then you should also think about if you would prefer a Medicare Supplement plan as well.

Types of Medicare Advantage Plans

Knowing the different types of  Advantage plans are important, so, below we put together a list of the different types:

HMO (Health Maintenance Organization Plan)

Lets you see doctors and other health professionals who participate in its provider network. If your doctor is already in network, it could be a good option because you tend to pay less out-of-pocket with in-network doctors.

PPO (Preferred Provider Organization plan)

Covers both in- and out-of-network providers, giving you the freedom to choose any doctor that accepts Medicare assignment, which can work if you prefer that kind of flexibility.

  • PFFS (Private Fee-for-Service plan): The plan determines how much it will pay providers and how much you must pay when you get care. The treating doctor has to accept the plan’s payment terms and agree to treat you. If the doctor doesn’t agree to those terms, then the PFFS plan will not cover services through that doctor.

  • SNP (Special Needs Plans): Are especially for people who have certain special needs. The three different SNP plans cover Medicare beneficiaries living in institutions, those who are dual-eligible for Medicaid and Medicare, and those with chronic conditions such as diabetes, End Stage Renal Disease (ESRD), or HIV/AIDS. This type of plan always includes prescription drug coverage.

  • HMO-POS (Health Maintenance Organization – Point of Service plan): Covers both in- and out-of-network health services, but at different rates. You pay less out-of-pocket when you go to in-network doctors, labs, hospitals, and other health care providers.

  • MSA (Medical Savings Account plan): Includes both a high deductible and a bank account to help you pay that deductible. The amount deposited into the account varies from plan to plan. The money is tax-free as long as you use it on IRS-qualified medical expenses, which include the health plan’s deductible.Compare Medicare Supplement Rates Free

Medicare Part D (Prescription)

The last part of Medicare is going to be Part D, this is going to help cover and lower the cost of your prescription drugs.

Unlike Parts A & B,  you don’t enroll in Part D through Social Security, instead, you will go through a private insurance company for your prescription plan.

Each plan will function differently depending on the insurance company, and once you sign up for coverage you would be considered enrolled in Part D.

These plans are optional and will come with an additional monthly premium that you will have to pay the insurance company directly.

If you are taking any prescriptions it is probably worth it to have a plan that will help you with co-pays in regards to prescriptions.

Keep in mind that new legislation passed in 2022 will start to lower your overall out of pocket costs even more over the next few years.

Medicare Parts vs Medicare Plans

The most confusing part of Medicare can come from trying to figure out Parts vs Plans.

This is because Parts and Plans are both Letter Based.

To clear things up, just remember that there are only 4 parts to Medicare and that Medicare Plans are actually Medicare Supplement Plans also known as Medigap plans.

Medicare Supplement Plans are offered through private insurance companies and are Supplement to Original Medicare.

They basically pickup in areas when Medicare falls short in coverage.

You still have to be enrolled in Part A & Part B of Medicare to qualify for enrollment into a Medicare Supplement plan.

Below we show how Original Medicare (Parts A & B) work with Medicare Supplement Plans:

Taking Action

Now you know the different parts of Medicare and how they work differently from Medicare Plans.

It should be much easier to navigate your way around Medicare and all of its different workings.

If you are turning 65 this year or have already turned 65, get enrolled as early as possible because the longer you wait, the more costly getting enrolled can become.

Getting the correct combination of coverage will be essential when it comes to living your best life and staying healthy.

To ensure you make the most informed and beneficial choices regarding your Medicare coverage,  reach out to Senior Benefit Services, Inc., where experienced professionals can guide you through the intricate details and help tailor a plan that best fits your individual needs.

Free Medicare Supplement Quote Comparison

What You Need To Know About Medicare Supplement Plan F, Plan G and Plan N

Medigap and Medicare Supplement plans

What’s the difference between Plan G and Plan F or Plan N?

As you get older, you will need to renew the focus you have on health. Getting the vital medical care you need to stay happy and healthy can be expensive without insurance. Instead of trying to cover the cost of this care without insurance, you need to consider investing in a Medicare policy. Nearly 15% of the population in America uses Medicare. 

While traditional Medicare does cover a number of things, there are some out of pocket costs. If you want to reduce the amount you have to pay out of pocket, then a Medigap policy is a must. These policies are both affordable and offer great coverage. Most people will choose either the Medicare Supplement Plan F, Plan G or Plan N. The following is information about all of these policies so you can decide which one is the best fit for your needs. 

Medicare Supplement Plan F

The main idea behind the development of Medigap Plan F was to help individuals cover the cost of things that original Medicare doesn’t. On average, 25% of the people who have original Medicare also have a supplement plan. There are a number of pros and cons associated with Medigap Plan F. 

The Pros of Medicare This Supplement Plan

If you invest in Medigap Plan F, you can take advantage of things like:

  • The ability to visit any healthcare provided that accepts Medicare

  • This plan sometimes covers the medical expenses incurred during foreign travel

  • You can buy any policy during open enrollment regardless of your current health

  • These plays are guaranteed renewable annually

The Cons of This Plan

While there are a number of benefits associated with this policy, there are also cons like:

  • It is difficult to switch to a new Medigap plan

  • Higher monthly premiums

  • No coverage for dental or vision

  • No prescription drug coverage

Medigap Plan G

Since Medigap Plan F is set to expire in 2021, many seniors are starting to explore other policy options. Plan G has both great coverage and low premiums, which is why you need to consider it. By choosing Medigap Plan G, you can take advantage of things like:

  • Coverage for basic doctor visits

  • Coinsurance for skilled nursing facilities

  • Coverage for things like lab work, ambulance rides and X-rays

If you are unsure whether this Medigap plan is right for you, consult with the team at Senior Benefit Services. By speaking with a licensed agent, you can make the right decision regarding which plan best fits your needs.

Medigap Plan N

Since Medigap Plan N is a standardized supplement insurance plan, you get the same benefits regardless of which carrier you choose. Plan N offers Part A hospital coinsurance and hospice care copayment. There is also coverage offered for skilled nursing facilities.

We Are Here to Assist You

If you need guidance regarding which Medigap policy to choose, let the Senior Benefit Services team help you.

Transamerica Medicare Supplement Review 2020 (Updated 2022)

Trying to decide ​which company to purchase your Medicare Supplement Plan ​through can be confusing and stressful.  

But, it doesn’t need to be:

​Figuring out the best Medigap company for you will come down to your age, health, budget, and financial strength of the company.

In this post today, I will go over why ​Transamerica is the best option for your Medicare Supplement needs in 2022.

Transamerica Medicare Supplement Review

The Transamerica Medicare Supplement Review will provide you everything you need to know about this longstanding company.  Did you know that ​Transamerica is also one of the 2019 Top Ten Medicare Supplement Insurance Companies?  

​Who Is Transamerica?

Transamerica Insurance Company is one of the oldest life insurance companies in the nation and has been providing insurance products since 1900.

It was also founded by the same person that founded Bank Of America, isn’t that amazing?

They are licensed in all states except New York and the District of Columbia and hold an A.M. Best rating of A+ (Superior).

Transamerica entered into the Medicare supplement field in July of 2015 by taking over the Medicare division of Stonebridge Life.

​Believe it or not, Transamerica​ pretty new to the Medicare Supplement Insurance market, yet they have already set ​themselves apart by providing quality coverage at low rates.

Medicare Supplement Quote Request

Transamerica Medigap Plans Offered 

The benefit of a Medigap plan is that it was created specifically to cover the “gaps” that Original Medicare don’t cover.

This usually ends up being about 20% of your total annual costs.

​This is why choosing the correct plan is essential when you are deciding on a Medsup plan. With the right Medicare Supplement plan, you will have very little out-of-pocket cost.

The chart below highlights the most popular Medicare supplement ​options; F, G & N.

BENEFITS PLAN N PLAN G PLAN F
Part A HospitalCo-Insurance YES YES YES
365 Hospital Reserve Days YES YES YES
Part B Co-Insurance /Co-Payment YES YES YES
Blood Benefit(First 3 Pints) YES YES YES
HospiceCo-Insurance /Co-Payment YES YES YES
Skilled Nursing Facility Co-Insurance YES YES YES
Part A Deductible YES YES YES
Part B Deductible NO NO YES
Part BExcess Charge NO YES YES
ForeignTravel Benefit 80% 80% 80%
Out Of Pocket Limit N/A N/A N/A

With any of these plans, you can ​visit any doctor or hospital in the country that accepts Medicare and no referrals are needed.

Prices will range depending on your location, age, and gender.

However, Transamerica tends to be very competitive in many states across the country.

Free Medicare Supplement Quote Comparison

​Transamerica Medicare Supplement Plan F

While Plan F is the most comprehensive Medicare supplement currently available, starting in 2020, for new beneficiaries of Medicare it won’t be an option.

If you already have a Plan F plan you will be perfectly fine and can stay in your plan.

​The Plan F is also going to be the most expensive option out of the 3 plans.

​We actually have an entire article here about what’s happening to Medigap Plan F.

​Your best option if you miss the Plan F enrollment will be Plan G.

Transamerica Medicare Supplement Plan G

Plan G is actually the most popular plan at Transamerica.

Plan G is exactly the same as Plan F with one exception, the Part B deductible is not covered.

This deductible is $226 in 202023; however, the amount you save in monthly premium is ​usually much more than this annual deductible, which justifies choosing Plan G over Plan F.

Transamerica Medicare Supplement Plan N

If you don’t see a doctor as much then Plan N is a great option for you.  It comes with a $0 – $20 office visit copay and the lowest premium of the other two plans above.

​There are other out-of-pocket costs with plan N such as:

  • ​Part B deductible of $226 in 2023
  • ​$50 copay at the emergency room unless admitted
  • ​Part B excess charges are not covered

​As you can see, you can pretty much get the coverage you will need from the 3 most popular plans, it comes down to how much coverage you need and how much you can afford monthly.

Why Buy ​Med​Supp​ Plans Through​ Transamerica?

Senior Benefit Services  has had a long relationship with ​Transamerica and regularly purchases policies for their clients through this insurer.  

​Transamerica has some of the most affordable rates in the industry and offers a wide verity of products. 

​They are also known for having the smallest of increases when a rate increase happens at around 3% vs the average 7% to 10%.

On top of that, they have one of the strongest profiles for financial strength and claims paying ability.

​Check out our quick description below. 

transamerica logo

​Transamerica Medigap

​Transamerica was founded as a bank​ in 1904, ​and has evolved through internal growth and acquisition of ​the right businesses.

Today, over 100 years later, Transamerica is known for being a good, solid insurance and financial services company. ​

Transamerica is licensed in all states except New York and the District of Columbia.​

Product Features

  • Some of The lowest rates in the industry
  • See any doctor who accepts Medicare patients.
  • ​lowest rate increase percentages
  • Coverage that goes with you anywhere in the U.S.
  • ​More Advanced underwriting for hard cases

Plans Offered By Transamerica

Plan A, ​ Plan B, Plan F, Plan G, Plan N

Senior Benefit Services Thinks:

​Transamerica is a household name for all types of insurance products and they don’t drop the ball on their Medigap plans.

Prices are reasonable and coverage is solid.

This is a great company to purchase a ​Medicare Supplement Plan through especially because of their more lenient underwriting.

We hope that the Transamerica Medicare Supplement Review has provided you with the information that you were looking for.

Get A FREE Quote Without Hassle

Get A Quote



















Take Action!

Senior Benefit Services will be able to help guide you through choosing a Medicare Supplement Plan.     

There are many factors that determine the Best Medicare Supplement Plan for you.   

The Experts at Senior Benefit Services have been specializing in helping seniors make the best Medigap insurance choices for over 50 years!     

Call now at 1-800-924-4727 or fill out the easy and convenient ‘Start Free Comparison’ form in this article.

Cigna Medicare Supplement Review 2022

Cigna Medicare Supplement Review 2022

​Figuring out the best company to purchase your Medicare Supplement Plan ​through can be confusing and ​tiring.  

But, it doesn’t need to be:

​Figuring out the best​ company for you will come down to your​ current age, health, and budget, ​as well as the financial strength of the insurance company.

In this post today, I will go over why ​Cigna is one of the best options for your Medicare Supplement needs in 2022.

cigna medicare supplement review

​Cigna is also one of the 2022 Top Ten Medicare Supplement Insurance Companies.  

​Who Is ​Cigna?

Cigna was founded almost over 200 years ago as the Insurance Company Of North America (INA Corporation)​ which was formed in November of 1792.

They are also a Fortune 500 company​ with over 95 Million Customers throughout different types of health insurance plans.

​Cigna also provides an array of health products and services to individuals, families, and businesses​ which include health, dental, pharmacy insurance, Cigna supplemental insurance and Cigna Medicare plans.

​They are also an ​A.M. Best rating of an A-(Excellent) based on their financial strength and claims paying ability.

Medicare Supplement Quote Request

​Cigna Medigap Plans Offered 

The benefit of a Medigap plan is that it was created specifically to cover the “gaps” that Original Medicare don’t cover.

This usually ends up being ​up to 20% of your total annual costs.

​This is why choosing the correct plan is essential when you are deciding on a Med Supp plan. With the right Medicare Supplement plan, you will have very little out-of-pocket cost.

The chart below highlights the most popular Medicare supplement ​options; F, G & N.

BENEFITS PLAN N PLAN G PLAN F
Part A HospitalCo-Insurance YES YES YES
365 Hospital Reserve Days YES YES YES
Part B Co-Insurance /Co-Payment YES YES YES
Blood Benefit(First 3 Pints) YES YES YES
HospiceCo-Insurance /Co-Payment YES YES YES
Skilled Nursing Facility Co-Insurance YES YES YES
Part A Deductible YES YES YES
Part B Deductible NO NO YES
Part BExcess Charge NO YES YES
ForeignTravel Benefit 80% 80% 80%
Out Of Pocket Limit N/A N/A N/A

With any of these plans, you can ​visit any doctor or hospital in the country that accepts Medicare and no referrals are needed.

Prices will range depending on your location, age, and gender.

​An added benefit is that Cigna ​also has some international coverage benefits.

Free Medicare Supplement Quote Comparison

​Cigna Medicare Supplement Plan F

While Plan F is the most comprehensive Medicare supplement currently available, starting January 1, 2020, for new beneficiaries of Medicare it won’t be an option.

If you already have a Plan F plan you will be perfectly fine and can stay in your plan.

​The Plan F is also going to be the most expensive option out of the 3 plans.

​We actually have an entire article here about what’s happening to Medigap Plan F.

​Your best option if you miss the Plan F enrollment will be Plan G.

​Cigna Medicare Supplement Plan G

Plan G is actually the most popular plan that we offer here at Senior Benefit.

​This is because it is exactly the same as Plan F with one exception, the Part B deductible is not covered.

This deductible is $233 in 2022; however, the amount you save in monthly premium is ​usually much more than this annual deductible, which justifies choosing Plan G over Plan F.

​Cigna Medicare Supplement Plan N

If you don’t see a doctor as much then Plan N is a great option for you.  It comes with a $0 – $20 office visit copay and the lowest premium of the other two plans above.

​There are other out-of-pocket costs with plan N such as:

  • ​Part B deductible of $233 in 2022
  • ​$50 copay at the emergency room unless admitted
  • ​Part B excess charges are not covered

​As you can see, you can pretty much get the coverage you will need from the 3 most popular plans, it comes down to how much coverage you need and how much you can afford monthly.

Why Buy ​Med​Supp​ Plans Through​ ​Cigna?

Senior Benefit has had a long relationship with ​Cigna and regularly​ help our clients through this ​insurance company.  

​Cigna has some of the most affordable rates in the industry and offers ​product features that aren’t always in other products. 

On top of that, they have one of the strongest profiles for financial strength and claims paying ability.

​Check out our quick description below. 

​Cigna Medigap

Cigna is a health service company that was founded over 200 years ago.

They have over 40,000 employees and over 95 Million customers.

They are known for their excellent level of customer service as well as product features.

For their financial strength they were awarded an A-(Excellent) rating with A.M. Best.

​

Product Features

  • ​Online Customer Portal
  • See any doctor who accepts Medicare patients.
  • ​12 Month Rate Lock In
  • Coverage that goes with you anywhere in the U.S.
  • ​Cigna Health Rewards

Plans Offered By ​Cigna

Plan A, ​ Plan B, Plan F, High Deductible Plan F, Plan G, Plan N

Senior Benefit Services Thinks

​Cigna is a household name for all types of health insurance products and they don’t drop the ball on their ​Medicare Supplement plans.

Prices are reasonable and coverage is solid along with additional benefits.

This is a great company to purchase a ​Medicare Supplement Plan through especially because of their more lenient underwriting.  We hope that you have found the Cigna Medicare Supplement Review helpful.

Free Medicare Supplement Quote Comparison

Take Action!

Senior Benefit Services will be able to help guide you through choosing a Medicare Supplement Plan.     

There are many factors that determine the Best Medicare Supplement Plan for you.   

The Experts at Senior Benefit Services have been specializing in helping seniors make the best Medigap insurance choices for over 50 years!     

Call now at 1-800-924-4727 or fill out the easy and convenient ‘Start Free Comparison’ form in this article.

Thrivent Financial Insurance Medicare Supplement Review (2020)

It is hard to decide on a Medigap provider because there are so many private insurance companies offering Medicare Supplements.

But, we have put together a top 10 list of the best Medicare Supplement Providers of 2019 to make the decision easier and Thrivent Financial Insurance is right at the top of that list.

Thrivent Financial Insurance has a long history in America and we will explore why they are on our top 10 list of Medicare gap providers.

Inside you will find the history of Thrivent Insurance, the medigap plans that they offer, learn how to get a quote, and find out which plans are going away and coming this January 1st, 2020.

Thrivent Financial Insurance Medicare Supplement Review 2019

Note: Plans and pricing vary by state.  We recommend you get started with a free Medicare supplement quote by state.

Get Free Medicare Supplement Quote
Get Help Now With Your Medicare Supplement Quote

Who Is Thrivent Financial Insurance Company?  

Thrivent Financial has a much different story from any of the other 2019 top 10 Medicare Supplement providers.

The organization started in 1902 with the purpose of providing aid to a group of Lutheran worshipers in Minnesota.

Over the years, the group grew along with the Lutheran Brotherhood into an international charity and aid organization for Lutherans.

In 2014, the organization voted to include all Christians, not just Lutherans and shortened the name from Thrivent Financial for Lutherans to Thrivent Financial.

Thrivent Financial is a non-profit organization that is member-owned which is open to all people willing to agree to the following member commitment.

thrivent financial insurance review 2019_member_commitment

Learn more about Thrivent Financial Insurance Membership Commitment

Headquartered in Minneapolis Minnesota they offer a wide range of products to their members, including:

  • Financial Services
  • Life Insurance
  • Disability Insurance
  • Long Term Care Insurance
  • Medicare Supplement Insurance
  • Members Only Credit Union

Thrivent Financial Insurance Rating (BBB & AM Best)

thrivent logo

Thrivent Medigap Plans

Thrivent started in 1902 as the Aid Association For Lutherans (AAL).

It is now a not-for-profit business on the Fortune 500 list.

In 2013, their members voted overwhelmingly to extend the common bond of membership beyond Lutherans, to include all Christians.

Not surprisingly, Thrivent Financial has a A+ Better Business Bureau rating that requires members to provide a higher standard of service.

Product Features

  • covers some costs that Original Medicare doesn’t.
  • See any doctor who accepts Medicare.
  • No referrals needed to see a specialist.
  • Coverage that goes with you anywhere in the U.S.
  • Guaranteed coverage for life; Just pay your premiums

Plans Offered By Thrivent

Plan A, Plan B Plan C, Plan D,

Plan F, Plan G, Plan L Plan M

Senior Benefit Services Thinks

Thrivent has an A++ (Superior) rating with A.M. Best for financial strength and claims-paying ability.

You might not have ever heard of Thrivent, but don’t let that dissuade you, they are a great company to do business with.

Review Of Thrivent Financial Insurance Medicare Supplement Plans 

There are multiple factors that need to be considered when choosing a Medigap plan to cover the costs that Medicare does not.

Keep in mind that all of the Medicare Supplemental Plans are Federally regulated which means the coverage you receive from Thrivent Financial is the same coverage you’d receive from another provider.

Thrivent Financial Insurance Plan F

Thrivent Plan F has been in the news lately because come January 1st, 2020, only people who are eligible for Medicare before that date will be able to purchase the F plan.

Plan F is the most comprehensive supplement plan available covering the 20% of costs that Medicare does not.

This includes paying for your Medicare Part B deductible which is why congress voted to phase the plan out in 2020.

A congressional study found that because Plan F participants did not have to pay any additional money when the went to the doctor which resulted in them going a little too often.

By removing the plans that paid the Medicare Part B deductible, the hope is that Medicare costs will come down a bit from unnecessary doctors visits.

So long as you are eligible for Plan F before January 1st, 2020, you will still be eligible to purchase this plan.

Only people eligible for Medicare after January 2020 will be precluded from purchasing a Plan F supplement.

Get Free Medicare Supplement Quote
Get Help Now With Your Medicare Supplement Quote

Thrivent Financial Insurance Medicare Supplement Review Plan G

The next most comprehensive Medicare Supplement option is the Thrivent Financial Plan G.

This plan is identical to Plan F with the exception that you will have to pay your Part B Medicare deductible.

In 2019 the Part B deductible was $185 and many of the Plan G premiums are actually lower than that amount.

Click on the “compare now” button to find out if you can save money by selecting Thrivent Financial Medigap Plan G.

BENEFITS PLAN G PLAN F
Part A HospitalCo-Insurance YES YES
365 Hospital Reserve Days YES YES
Part B Co-Insurance /Co-Payment YES YES
Blood Benefit(First 3 Pints) YES YES
HospiceCo-Insurance /Co-Payment YES YES
Skilled Nursing Facility Co-Insurance YES YES
Part A Deductible YES YES
Part B Deductible NO YES
Part BExcess Charge YES YES
ForeignTravel Benefit 80% 80%
Out Of Pocket Limit N/A N/A

High Deductible Plan G  (HDG)

A new plan option that will be available in January 2020 is the High Deductible Plan G.

This supplemental plan offers all the same great comprehensive coverage as the original Plan G but only after you meet the high deductible.

According to the National Association of Insurance Commissioners, the 2020 high deductible for Plan G will be $2,180, after which, the plan will kick in.

Free Medicare Supplement Plan Comparison

Thrivent Financial Plan N

If you are looking for a plan that costs less than the Plan F or Plan G, you may find the Thrivent Financial Plan N a good option.

Plan N’s coverages are much less comprehensive and do not include coverage for doctors excess charges or your Medicare Part B deductible.

Understand that every time you visit the emergency room or the doctor, you will be responsible for paying a co-payment.

Check with a Senior Benefits agent to find out which Thrivent Financial plan would be best for you and your budget.

BENEFITS PLAN N PLAN F
Part A HospitalCo-Insurance YES YES
365 Hospital Reserve Days YES YES
Part B Co-Insurance /Co-Payment YES YES
Blood Benefit(First 3 Pints) YES YES
HospiceCo-Insurance /Co-Payment YES YES
Skilled Nursing Facility Co-Insurance YES YES
Part A Deductible YES YES
Part B Deductible NO YES
Part BExcess Charge NO YES
ForeignTravel Benefit 80% 80%
Out Of Pocket Limit N/A N/A

Taking Action

Thrivent Financial Insurance Medicare Supplement plans are one of the top 10 options to choose in 2019.

Hopefully, you found the information helpful and you are now in a better position to make a decision on your Medicare gap insurance.

Senior Benefit Services, Inc. has decades of experience helping seniors with their insurance needs.

Click on one of the compare plans buttons to get started today.

Free Medicare Supplement Plan Comparison

Manhattan Life Insurance Company Medicare Supplement Review (2020)

There are many Medicare Supplemental companies to choose from, and it can feel overwhelming, even when the company is so familiar as the Manhattan Life Insurance Company.

We are reviewing the top 10 Medicare Supplement Companies in 2019, and Manhattan Life has a seat at the table.

Senior Benefits has a long and proud partnership with Manhattan Life offering their Medicare Supplement plans to Eligible Seniors.

Whether you are looking for the more common medsup plans or a more specialized plan, we will go over your options with Manhattan Life.

Manhattan Life Insurance Company Medicare Supplement Review (2019) (1)

We also will review the storied history of Manhattan Life Insurance Company along with the Brand New Plans Being Offered In January 2020.  

Who Is Manhattan Life Insurance Company?  

New York Cities, Manhattan Life, is the oldest company of the best 10 Medigap companies in 2019 having been founded in 1850.

Manhattan Life offers five of the Medicare Supplement Plan options: A, C, F, G, and N.

According to the American Association for Medicare Supplement Insurance, 84% of seniors in 2018 chose either plan F, G, or N.

Manhattan Life Group now headquartered in Houston, Texas, offers many health-related insurance products, such as:

  • Accident

  • Cancer

  • Critical Care

  • Dental & Vision

  • ​Disability

  • ​Fixed Deferred Annuity

  • Hospital Confinement Indemnity Insurance

  • Medicare Supplement

Manhattan Life Insurance Rating (BBB & AM Best)

mannhattan life logo

Manhattan Life Medigap Plans

Manhattan Life was incorporated on May 29, 1850 and is currently a group of four life and health insurance companies.

They were the first insurance company to introduce the incontestable clauses in life insurance contracts before any other company.

Manhattan Life has a A+ at the Better Business Bureau (BBB) and are known for their customer service.

Product Features

  • covers some costs that Original Medicare doesn’t.

  • See any doctor who accepts Medicare.

  • No referrals needed to see a specialist.

  • Coverage that goes with you anywhere in the U.S.

  • Guaranteed coverage for life; Just pay your premiums

Plans Offered By Manhattan Life

Plan A, Plan C, Plan F,

Plan G, Plan N

Senior Benefit Services Thinks

Manhattan Life currently holds an AM Brest Rating of B+ (Good) in regards to their financial strength.

They are a well known company and rates usually are around mid pricing tiers.

Review Of Manhattan Life Insurance Medicare Supplement Plans 

A great thing about Medicare Supplement Plans is that the Federal Government standardizes them all.

What this means to you is that you can compare the same lettered plans between Manhattan Life and another supplement provider and know that their coverages are the same.

Manhattan Life Insurance Plan F

Medicare supplement Plan F offers the most comprehensive coverage of all of the plans.

Plan F pays your Medicare Part A and Part B deductibles along with providing gap coverage for everything Medicare covers at no additional cost.

However, effective January 1st, 2020, Medigap Plan F will no longer be available for people who become eligible for Medicare after that date.

If you are already eligible for Medicare, you will still be able to purchase Plan F at any time in the future or continue with the plan.

Compare Medicare Supplement Rates Free

Manhattan Life Insurance Company Medicare Supplement Review Plan G

Manhattan Life Plan G is quickly becoming the more popular Medicare Supplement plan for good reason.

Plan G offers the same coverages as Plan F with the sole exception that you will be responsible for your Medicare Part B deductible.

In 2019, the Medicare Part B deductible is $185, but many of the Plan G policies are quite a bit cheaper than their Plan F brethren.

Click on one of the Supplement Quote buttons to find out the cost difference between Plan G and Plan F for you.

BENEFITS PLAN G PLAN F
Part A HospitalCo-Insurance YES YES
365 Hospital Reserve Days YES YES
Part B Co-Insurance /Co-Payment YES YES
Blood Benefit(First 3 Pints) YES YES
HospiceCo-Insurance /Co-Payment YES YES
Skilled Nursing Facility Co-Insurance YES YES
Part A Deductible YES YES
Part B Deductible NO YES
Part BExcess Charge YES YES
ForeignTravel Benefit 80% 80%
Out Of Pocket Limit N/A N/A

High Deductible Plan G  (HDG)

A new Medicare Supplement policy that is being offered this coming January 2020 is the High Deductible Plan G.

The National Association of Insurance Commissioners has said that the 2020 High Deductible will be $2,180.

HD Plan G offers all of the same benefits of Plan G once you pay the deductible for the year; obviously, the monthly premiums are much lower.

Get A Free Quote

Get A Quote



















You are still able to budget knowing you are only responsible up to a set amount with the High Deductible Plan.

Manhattan Life Plan N

Manhattan Life Medicare Sup Plan N offers much less coverage as compared to Plan F or Plan G.

However, you also pay a much smaller monthly premium for the less coverage.

Two coverages Plan N does not include are payment of your Part B deductible or any doctor’s excess charges.

Also, with Manhattan Life Plan N, you will be responsible for paying a co-payment when you visit the doctor or an emergency room.

Before choosing a Plan N, speak with a Senior Benefits agent about the potential out of pocket medical costs, you could have to pay with this inexpensive plan.

BENEFITS PLAN N PLAN F
Part A HospitalCo-Insurance YES YES
365 Hospital Reserve Days YES YES
Part B Co-Insurance /Co-Payment YES YES
Blood Benefit(First 3 Pints) YES YES
HospiceCo-Insurance /Co-Payment YES YES
Skilled Nursing Facility Co-Insurance YES YES
Part A Deductible YES YES
Part B Deductible NO YES
Part BExcess Charge NO YES
ForeignTravel Benefit 80% 80%
Out Of Pocket Limit N/A N/A

Taking Action

Hopefully, you have a clearer picture of Manhattan Life Insurance Companies Medicare Supplement plans and how Senior Benefits can help you.

Senior Benefits has over 50 years of experience helping seniors make well-reasoned choices for their health care needs.

Request a free no-obligation Medicare Supplement quote today and get the individual attention you deserve from a Senior Benefits Medicare Supplement Expert.

Free Medicare Supplement Quote Comparison

Bankers Fidelity Medicare Supplement Review (2020)

Unexpected medical costs can drain a savings account if you are forced to pay the gaps left by original Medicare coverage.

That’s why you should consider a Bankers Fidelity Medicare Supplement plan, one of our top 10 private Medigap providers.

Bankers Fidelity Medicare Supplement Insurance will pay the medical costs that Medicare does not, or at least, pay a portion of them.

Bankers Fidelity Medicare Supplement Review

In this article, we will review Bankers Fidelity’s business history, financial ratings, and their current Medigap plans offered.

Note:  Plans are not offered in every state.  We recommend you get started with a free Medicare Supplement quote by state.

Get Free Medicare Supplement Quote
Get Help Now With Your Medicare Supplement Quote

You will also want to learn about the brand new Medicare Supplement Plan available in January 2020, the High Deductible Plan G (HDG).

Who Is Bankers Fidelity?  

Bankers Fidelity offers multiple Medicare Supplement Plans, which all offer the standard coverages and access to the nationwide Medicare network.

As is true with all Medigap providers, they offer guaranteed renewable coverage and no pre-existing waiting period coverages.  

Some coverages and plans may vary from State to State, check with a Senior Benefits agent to find out the options for your State.

Get Your Free Quote Today

Get A Quote



















The Bankers Fidelity Life Insurance Company was founded in 1955 as a subsidiary of the Atlantic American Corporation.

Headquartered in Atlanta, Georgia, they are an industry leader in Senior and other related health insurance products, offering:

  • Medicare Supplement
  • Short-Term Care
  • Final Expense Life Insurance
  • Level Term Life Insurance
  • Level Whole Life Insurance
  • Cancer Care Solution
  • Dual Disability®
Free Medicare Supplement Insurance Quotes

Bankers Fidelity Rating (BBB & AM Best)

You can buy Bankers Fidelity Supplemental Insurance or their other offerings confidently as they enjoy an A+ Better Business Bureau (BBB) rating.

Their parent corporation, Atlantic American Corp has been in business since 1947 and also touts an A+ Better Business Bureau rating.  

bankers fidelity logo

The BBB has high ethical business standards that member businesses are required to uphold to maintain a high rating.

Insurance carriers are also rated by AM Best, who is recognized by the industry as the top rating agency.

Bankers Fidelity has a BEST rating of A- for financial transparency and their excellent ability to meet their ongoing insurance obligations.

bankers fidelity logo

Bankers Fidelity Medigap Plans

Bankers Fidelity has been around since 1955 and has a client-focused philosophy.

They are also a wholly-owned subsidiary of Atlantic American Corporation.

Bankers Fidelity has a focus on the senior market with products like Medicare Supplement, Short-Term Care, and Senior Security® Final Expense to name a few.

Bankers Fidelity Life Insurance Company is rated A- (Excellent) by A.M. Best Company and holds 4.7 out of 5 stars based on customer satisfaction reviews.

Product Features

  • covers some costs that Original Medicare doesn’t.
  • See any doctor who accepts Medicare.
  • No referrals needed to see a specialist.
  • Coverage that goes with you anywhere in the U.S.
  • Guaranteed coverage for life; Just pay your premiums

Plans Offered By Bankers Fidelity

Plan A, Plan B, Plan C, Plan F

Plan G, Plan K, Plan N

Senior Benefit Services Thinks

Bankers Fidelity was named in the Ward’s 50 Top Performing Life & Health Insurers.

You can’t go wrong with a Bankers Fidelity Medigap Plan.

Bankers Fidelity does not offer their Medigap policies in AK, CA, CT, FL, MA, ME, MN, NH, NY, OR, RI, VT, WA or WI.

Review Of Bankers Fidelity Medicare Supplement Plans Offered

There are multiple Medigap plans you can choose to cover the gap between what original Medicare pays and what it does not.

It can be very beneficial if you speak with a Senior Benefits Agent to determine which plan is best for your needs and budget.

Some supplemental plans offer benefits that others do not, such as access to Silver Sneakers fitness programs or more generous out of network options.  

Speak with a Senior Benefits expert to have your gap insurance custom-tailored for your lifestyle.

Senior Benefits has partnered with Bankers Fidelity, and together, they offer competitively priced Medicare Supplement Plans.

The following Medigap plans are currently the most popular that Bankers Fidelity offer:

Banker Fidelity Plan F

For many years Medicare Supplement Plan F has been the most popular and offered the most comprehensive coverage.

Anyone who becomes eligible for Medicare after January 1, 2020, will not be able to enroll in Medigap Plan F (or Plan C).

If you were eligible for Medicare before January 1, 2020, you would still be able to enroll in Plan F or continue with coverage.

Only people who become eligible for MedSup Plan F after January 1, 2020, will not be eligible to enroll in Plan F (or Plan C).

The reason Plan F is so popular is because it covers all the cost gaps that original Medicare does not.

A Plan F monthly premium covers the costs of; Medicare Part A & B deductibles, Medicare Part B coinsurance, the first 3 pints of blood, and Part A hospice coinsurance.

Medicare Supplemental Insurance Plan F also includes skilled nursing care coinsurance, Part B doctors’ excess charges, and up to 80% of foreign travel emergency medical costs (with some policy limitations).

Many have speculated that the premiums will rise disproportionately to other plans because Plan F will soon no longer be available to new young 65-year-olds.

For this reason, discuss with a Senior Benefits Agent whether Plan F or a very similar Plan G may be right for you.

Get Free Medicare Supplement Quote
Get Help Now With Your Medicare Supplement Quote

Plan G

The only difference between Plan F vs. Plan G is that you have to pay your Medicare Part B deductible with Plan G.

All other coverages are the same, and most Plan G policies are a little bit cheaper for some reason.

You can click on the free no-obligation request a quote button below to find out which Medicare Supplement Plan is best for you.

BENEFITS PLAN G PLAN F
Part A Hospital

Co-Insurance

 YES YES
365 Hospital Reserve Days YES YES
Part B Co-Insurance /Co-Payment YES YES
Blood Benefit

(First 3 Pints)

 YES YES
Hospice

Co-Insurance /

Co-Payment

 YES YES
Skilled Nursing Facility Co-Insurance YES YES
Part A Deductible YES YES
Part B Deductible NO YES
Part B

Excess Charge

 YES YES
Foreign

Travel Benefit

 80% 80%
Out Of Pocket Limit N/A N/A

High Deductible Plan G  (HDG)

Effective January 1, 2020, you will be able to purchase a new plan, called the High Deductible Plan G or HDG Plan.

This plan will offer the same coverage as Medicare Supplemental Plan G but, as the name implies, you will have to pay a high deductible before coverage kicks in.

According to the National Association of Insurance Commissioners (NAIC), the 2020 high deductible for plan G will be $2,180.

Speak to a Senior Benefits Medicare Supplement Expert today to find out if High Deductible Plan G makes sense for you.

Free Medicare Supplement Plan Comparison

Bankers Fidelity Plan N

Medicare supplemental insurance plan N makes a lot of sense for people looking for a less expensive premium, as compared to Plan F vs. Plan G.

With Plan N, you will be responsible for paying your Medicare Part B deductible, any doctors’ excess charges, and copays for doctors visits and trips to the emergency room.

MedSup covers these charges if you have plan F or G.

Plan N does not offer you as much coverage as compared to plans F and G and you need to plan to pay some of your medical bills out of pocket each year. 

Be sure to speak with a Senior Benefits Agent before choosing Plan N because you don’t want to be surprised by medical bills.

BENEFITS PLAN N PLAN F
Part A Hospital

Co-Insurance

 YES YES
365 Hospital Reserve Days YES YES
Part B Co-Insurance /Co-Payment YES YES
Blood Benefit

(First 3 Pints)

 YES YES
Hospice

Co-Insurance /

Co-Payment

 YES YES
Skilled Nursing Facility Co-Insurance YES YES
Part A Deductible YES YES
Part B Deductible NO YES
Part B

Excess Charge

 NO YES
Foreign

Travel Benefit

 80% 80%
Out Of Pocket Limit N/A N/A

Taking Action

Hopefully, you learned a bit more about Bankers Fidelity and the Medicare Supplement Plans that they have to offer.  While this review of Bankers Fidelity is for their Medigap plans, they also offer a very solid hospital indemnity plan.

Senior Benefit Services, Inc. has a great relationship with Bankers Fidelity and can provide you with your Medigap quote today.

You can request a free no-obligation quote and speak with a Senior Benefits Agent about your Medicare gap coverage immediately.

Free Medicare Supplement Plan Comparison

What Are My Options If I Currently Have Medicare Plan F?

There is a lot of confusion surrounding Medicare Supplement Plan F that has many policyholders pretty antsy.  Most have questions such as Is Medicare Plan F Still Available?  Can I Still Get Plan F? 

So what are your options?

But there is no need to worry because if you are currently enrolled in Plan F, then you can continue to enjoy its comprehensive coverage long after January 1, 2020 rolls around.

In Fact…

What are My Options if I Currently Have Medicare Plan F_

So long as you were eligible to enroll in Medicare before January 1, 2020, you will still be able to enroll into Medigap Plan F, Plan C, and the Plan F High Deductible option. The only people who will not be able to enroll in the so-called, ‘First Dollar’ coverage plans are people who do not become eligible for Medicare until January 1, 2020, or afterward. While there are multiple factors to consider when choosing any supplement plan, your current age and health will be a significant determining factor in determining your Plan F options.

Factor To Consider: Age

Most Medicare supplemental users take advantage of the initial open enrollment period to choose a plan ‘which you cannot be denied coverage’ during this underwriting period, according to Medicare FAQ’s. Outside of these six months, for you to change Medigap Plans, the new insurer will require you to go through the usual underwriting process including reviewing your medical history. If you are currently enrolled in Plan F and are considering your options, your current health and the medications you are taking will play a big factor in determining the cost and/or acceptance of your new policy.If you are experiencing health problems or are taking multiple medications, you may not have an option to change supplement plans. Each person’s medical condition is different, to discuss your options contact a Senior Benefits Medicare Expert today for a free consultation toll free at 1.800.924.4272 or get a quote below.

Medicare Supplement Quote Request

 

Factor To Consider: Health

Another factor you will need to consider when determining the best Medigap plan is your current age. When you switch plans at an older age, the premiums will be higher than when you were 65 because statistically, you are at a higher risk of having health problems. Carriers try and minimize their risks by charging new enrollees a higher premium based on their age, the state they live in, and sometimes even the city they reside affects the cost, during the open enrollment period. Outside of that period, insurers can also consider your past and current health conditions when deciding on your new premiums. If you have been enrolled in Medicare supplement programs for a longer period of time, it might make more financial sense to keep your Plan F policy but to know for sure you will need to contact a Medicare Expert.

Call Senior Benefit Services

You Can Keep Your Plan F Supplement Policy

In 2015, Congress passed the Medicare Access and CHIP Reauthorization Act (MACRA), commonly referred to as the ‘Doc Fix’ law. Essentially, this law discontinued all ‘First Dollar’ Medigap plans, including, Plan F, Plan C, and the High Deductible Plan F. These plans paid both the Medicare Part A and Part B deductibles which meant that the ‘First Dollar’ spent for a policyholders coverage came out of the insurers pocket, not the policyholders. Congress was concerned that people were going to the doctor for any small ailment because it wouldn’t cost them a penny. By discontinuing plans that pay the Medicare Part B deductible, the hope is that if someone has a little skin in the game, they will not run to the doctor for minor sickness like the sniffles. Anyone eligible for Medicare Part A before January 1, 2020, will have the option of purchasing Plan F or Plan C moving forward. If you already have Plan F, you do not need to do anything but to continue paying your monthly premium. Feel free to contact a Senior Benefits Medicare Expert today to make sure staying with Plan F is the cheapest way for you to continue to receive medical coverage, toll free at 1.800.924.4272 or get a quote below.

Free Medicare Supplement Quote Comparison

Choose A Different Medigap Plan

There is no doubt that Medicare Supplement Plan F is the most comprehensive Medigap plan available…

Until January 1, 2020, when the plan will no longer be available to people who become Medicare eligible from that date onward. But, you may be surprised to learn that the alternative options could provide similar coverage at much better prices. The most obvious choice to replace your F policy would be Plan G because the only difference between the two is that Plan G will not pay your Medicare Part B deductible ($233 in 2022).  This makes Plan G the best option to Medicare Plan F when comparing benefits.

BENEFITS PLAN G Header
Part A Hospital

Co-Insurance

 YES YES
365 Hospital Reserve Days YES YES
Part B Co-Insurance /Co-Payment YES YES
Blood Benefit

(First 3 Pints)

 YES YES
Hospice

Co-Insurance /

Co-Payment

 YES YES
Skilled Nursing Facility Co-Insurance YES YES
Part A Deductible YES YES
Part B Deductible NO YES
Part B

Excess Charge

 YES YES
Foreign

Travel Benefit

 80% 80%
Out Of Pocket Limit N/A N/A

As you can see from the above Plan F vs Plan G comparison chart that the plans are identical, except that you wll have to pay your Part B deductible each year.

We have done some exhaustive research into Medicare Supplement Rates By State and have found that in many states you will pay much more than $185 for a Plan F policy than a Plan G policy in annual premiums.

“On average, Medicare supplement Plan F increases the most. In my experience, the average increase for Plan F is about 8% per year. The increases vary greatly depending on the state you live in and the company you are with.” Alex Wender, Owner of Blue Wave Insurance 

Medicare Plan F

This means that if you were to switch to Plan G, there is a good likelihood that you would save more money even after paying the Medicare Part B deductible. You owe it to yourself to pick up the phone and speak to a Senior Benefits Supplement Expert today to find out which plan is right for you, toll free at 1.800.924.4272 or get a quote below.

Taking Action

If you are already covered with Plan F there isn’t any action you need to take if you are willing to risk your premiums increasing disproportionately to other plans.

It is ok to be usure of the best step to take.

Our agents will not pressure you into something you do not want or need.

Pick up the phone and speak with one of our experts today toll free at 1.800.924.4272 or get a quote below.

Free Medicare Supplement Quote Comparison