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.
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)
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.
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.
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.