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.

Health Insurance – What it doesn’t cover?

Lets start by being pretty straight forward – we should have commons sense to understand that some things will not be covered by our health insurance plans.  For instance cosmetic surgery that is not due to an injury or accident will not be covered by an insurance policy.  First of all it is not medically necessary and second insurance premiums would be through the roof if it covered procedures that were just whenever someone wanted to use it.

Health Insurance – What’s Not Covered?

Below are list of things that are not covered by a health insurance policy.  Some policies may have riders (additional coverage) that provide protection; however, the basic policy does not cover these items.

  1. Long-Term Care – this is custodial care and is not deemed skilled care by Medicare or other insurance policies.
  2. Cosmetic Surgery – cosmetic surgery will usually be covered if a major accident or injury occurs that causes damage; however, basic cosmetic surgery is not covered.
  3. Erectile Dysfunction – this is not covered by Medicare Part D.  Many times during the Annual Election Period senior men are surprised to find this is not covered, because unlike Medicare they see this as medically necessary.
  4. Dental and Vision Coverage – this will be covered under a separate policy.  If you are in need of dental/vision coverage I would recommend going to Dental4Everyone to compare plans in your zip code.
  5. Weight Loss Surgery – most of the time this procedure will not be covered.  A recent article by Insurance News states that 90% of health insurance policies do not cover this.
Health Insurance Specialists

Medicare Insurance Finders helping you with your insurance needs.

If you are looking for supplemental health insurance contact MWG SENIOR SERVICES at 800-800-1397 option 6!  We have tools available that will allow us to find plans available in 47 states in less than 2 minutes.  Your health insurance is in safe hands with MWG.

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