With all the different plans and carriers it can be overwhelming trying to decide on which route to go for your Medigap insurance. Medicare alone is confusing enough, once you add in 50 different carriers and pricing things just get more confusing.
To help makes things clearer I have reviewed some of the top carriers that offer Medicare supplement insurance and rated them based on the most important factors;
- Competitive Rates
- Rate stability
- Customer service
- Claims handling
Competitive Rates and Stability
When comparing Medicare supplement plans and carriers it is very important to compare rates when looking at the same plan letter between companies. For example, if you are comparing Plan G between companies you want to focus on price along with several other factors.
Once you have you established the carrier with the best price, next you want to make sure that carrier has a stable history of rate increases. This is very important because you may not be able to change your plan in the future if you are not healthy enough to do so. If the carrier you choose very high rate increases then you will be stuck overpaying for your coverage.
Carriers that have shown a history of conservative rate increases are the ones we like to recommend the most. We strongly prefer to have a lot of happy clients that remain with us for the long term than a bunch of unhappy clients who leave after their first or second rate increase.
Customer Service
Another important factor when deciding what company to choose is the quality of their customer service. Most companies have a great customer service department. There are a few carriers out there who are hard to work with so we prefer not to recommend them. Overall, most carriers are quite friendly and easy to work with.
Claims Handling
Of course, you want a carrier who will pay the bills right? Luckily, all Medigap carriers are required to pay once the claim has been approved by Medicare. In addition, most carriers are set up to pay electronically directly to the provider, so you don’t have to worry about any paperwork.
We know which companies are most efficient in this department and have included this in our rating system. To check out each of the carrier reviews and click on their link below or visit the carrier review page.
How To Choose A Carrier?
Here is a current list of the reviews we have created:
- Aetna Review
- UnitedHealthcare® Review
- American National
- Blue Cross Blue Shield
- Blue Cross Of TX
- Blue Shield Of CA
- Cigna Review
- Humana
- Mutual Of Omaha Review
- New Era / Philadelphia American Review
- Colonial Penn Review
- Transamerica Review
- Thrivent Financial for Lutherans
- Gerber Life Review
- Bankers Life Medicare Review
- Equitable Life and Casualty
- Bankers Fidelity
- Manhattan Life
- Medico Insurance Company
- CSI Life
- American Continental
- Loyal American
- IAC
- United American
As always, feel free to contact us with any questions at (800) 208-4974. I am glad to be of assistance.
Alex Wender is the founder and CEO of Bluewave Insurance. He has been blogging about Medicare-related topics since 2010. Since then, he and his agency have helped thousands of people across the country choose the right Medicare to fit their needs.
