Over the past five decades, Gerber Life has emerged as a leading provider of insurance products for children and adults. Emphasizing on helping its customers achieve financial security, Gerber Life currently has over 3 million active policies.
They have been rated “A” by AM Best, a rating that signifies their excellence in the field. To further facilitate its clients in obtaining the best care they can get, Gerber Life also offers a number of Medicare Supplement plans, reducing the cost of medical care and making quality healthcare accessible and more affordable.
Under a Medicare Supplement plan from Gerber Life, you can receive coverage for medical and hospital related expenses, up to a certain limit. In addition, you may receive some benefits, which are not otherwise available under Medicare.
You have the freedom to select the location where you will receive treatment as well as the practitioners who will treat you, ensuring you do not have to settle for any practitioner selected by the plan provider.
There are 10 Medicare Supplement plans available. Each of these plans is regulated by the Center for Medicare Services, and the coverage you receive under each plan is the same in all states, except for Wisconsin, Minnesota, and Massachusetts.
Here, we will review the three most popular plans offered by Gerber Life under the Medicare Supplement program, namely Plan F, Plan G and Plan N.
Medicare Supplement Plans Offered By Gerber Life
The Gerber Life Medicare Supplement Plan G is among the most comprehensive of the 10 plans offered by the company. Plan G covers all expenses left over by Original Medicare, the only benefit that is not covered is the Part B deductible.
This deductible is $198 for the year. Plan G is a great option over Plan F in many cases. The premium difference between F and G almost always covers the $198 benefit difference. In addition, the rate increases are much less on Plan G.
You can read my explanation on why we like Plan G here.
The features of Plan F are virtually identical to Plan G. the major difference between the two plans, though, is that the Part B deductible of $198 is covered by Plan F. The premium, however, is much higher on Plan F compared to other plans available.
The Medicare Supplement Plan N offered by Gerber Life does not cover the Medicare Part B deductible and there are co-payments for office visits. However, similar to F and G you get 100% coverage when it comes to the Part A deductible, skilled nursing facility coinsurance and many other hospital-related benefits.
The premiums for these three Medicare Supplement insurance products from Gerber Life are higher when compared to the other carriers.
Although Gerber Life is a great overall insurance company, the Medicare supplement plans they offer are not competitive in price. Because Medicare Supplement plans are standardized, all carriers must offer the exact same plans with identical benefits.
For example, a Gerber Life Plan F in Texas can be $100 more per month than a Plan F with New Era Life. You would be overpaying by about $1,200 for the exact same plan and coverage!
If you are researching and comparing Medicare Supplement options please give us a call at (800) 208-4974 and allow me to show you all of your options free of charge.
It is important to see all of your options to ensure you don’t end up overpaying for your coverage.
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Contact us at (800) 208-4974 for a free Medicare supplement quote!
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.