Top 10 Medicare Supplement Companies

Do you ever wonder which Medicare Supplements are available in your area and how they work? First, it is important to know, you must have Medicare Part A and Part B to receive a Medicare Supplement.  All Medicare supplements are standardized and any plan is guaranteed renewable, even if you have health issues. The carrier cannot cancel your plan as long as you are paying the monthly premium.  Although every carrier offers the same plans, the rates are different based on age, gender, tobacco usage, location and sometimes health conditions.  Keep reading to find out the top 10 Medicare Supplement companies… 

Each carrier does implement rate increases each year for every plan. You will receive a letter from the carrier annually, 30 days prior to let you know you are receiving an increase. The average annual rate increase is roughly between 6-10%.

Each carrier has several different plans, such as A, B, C, D, F, G, K, L, M, N.  All plans offer the same benefits, but in some cases, additional benefits are offered.  You have the flexibility to choose which plan best meets your needs. 

MWG Senior Services selects the Top 10 Medicare Supplement companies based on their rating and their annual historical rate increases.   

Top 10 Medicare Supplement Companies:

1.            American Continental
2.            American Retirement
3.            Philadelphia American
4.            New Era
5.            Combined
6.            Mutual of Omaha
7.            Central States
8.            Aetna
9.            Gerber life
10.         American National

 

MWG Senior Services represents all of the Top 10 Medicare Supplement companies listed above and more. To see how their rates rank in your area, click here.  Please keep in mind that Medicare Supplements does NOT cover long-term care, vision or dental care, hearing aids, eyeglasses, or private- duty nursing.  However, Medicare Supplements will cover the 20% that original Medicare doesn’t cover.

Some Medicare Supplement policies also offer coverage for services that Original Medicare doesn’t cover, like medical care you may need when you travel outside of the U.S. Please keep in mind that Medicare Supplement plans are DIFFERENT from a Medicare Advantage plan. 

If you have any questions, please call MWG Senior Services at (877) 759-5760 or email us at seniorservices@morganwhite.com.  Our knowledgeable and experienced representatives are ready to help guide you through the Medicare maze.

Low Medigap Rates

If you are looking for low Medigap rates we can help you find the best rates possible in less than two minutes.  If you just want the meat an potatoes go to our Medicare Quote Engine, but if you want a little more information on how to find the lowest Medicare Supplement Rates available keep on reading.

Medicare Insurance Finders prides itself in finding the best Medicare Supplement Rates for its clients.  We have built a quote engine that quotes all over the country with over 30 Medicare Supplement insurance companies.  That is correct, we quote with all the companies not just one company.

You have choices and you can choose the best plan for your needs! Continue reading

Best Medicare Plan

Do you want to make sure you get the best Medicare plan when you turn 65 and are eligible for Medicare?  If so there are several things to consider:

  1. The Best Medicare Supplement Plans can be different for different people!  Some individuals prefer the Medigap Plan F coverage which has no co-pays, deductibles or coinsurance.  Others enjoy the Plan G which only has a Part B deductible and is usually 10% cheaper than the Plan F.
  2. The Best Medicare Plan for prescriptions is usually going to be the one that covers your prescriptions with the least out of pocket costs for the year.  Insurance Agents are not allowed to say “the Best Part D plan or best Medicare Advantage Plan.” So what we say is the most cost efficient plan for your according to the Medicare.gov website for the next plan year is XYZ Insurance Company Preferred Plan with a premium of $00.00.
  3. The Best Medicare Advantage Plan is a little tougher to calculate.  You must take into calculation the providers in network/out of network with the plan, does it offer drug coverage and does it cover your prescriptions, what are the plan deductibles, co-pays and coinsurance, and many other questions.  Medicare.gov is a good resource. Continue reading