10 Best Supplemental Insurance Companies
Medicare by itself will not cover all of your healthcare costs that you’ll likely face throughout your life. Medicare Supplemental Insurance is a great way to protect yourself from these unexpected healthcare costs. To help make your decision easier, REMEDIGAP has created a simple guide that reviews the top companies throughout the country.
👉 Learn the basics of Medicare before choosing a supplement company.
Best Medicare Supplement Insurance Companies
Here is a quick overview of the top 10 Medicare Supplement carriers that are available. The table below provides key information such as the company name, the plans offered, discounts and more.
The Top 10 Medicare Supplement Insurance Companies
| Insurer | Plans offered? | Discounts available? | States available? |
|---|---|---|---|
Aetna | A, B, F, HD-F G, N | Household discount | 50 states |
Bankers Fidelity | A, B, F, G, K, L, M, N | Household discount | 37 states |
Cigna | A, B, C, D, F, HD-F, G, N | Household discount | 50 states |
Continental Life | A, B, C, D, F, G, K, L , M, N | Household discount | 50 states |
GPM Life | A, B, C, F, HD-F, K, L, N | Online discount | 50 states |
Humana | A, B, C, F, HD-F, K, L, N | Online discount | 50 states |
Manhattan Life | A, C, F, G, N | Household discount | 35 states |
Mutual of Omaha | A, F, HD-F, G, N | Household discount | 50 states |
Thrivent | A, F, HD-F, G, N | Household discount | 20 states |
Transamerica | A, F, G, K, N | Auto pay | 50 states |
National Average Costs of Medicare Supplement Plans
The table below displays the nationwide average monthly Premium for every kind of Medicare Supplement plan sold in 2018*. The national average premium cost for Medigap plans sold in 2018 was $152 per month. The national average data excluded Plan L & Plan K, because they only had a combined enrollment of less than 1.5% of all Medicare Supplement beneficiaries as of 2018.
National Average Price of Medicare Supplement Plans
| Plan Name | Average Cost | Part A Deductible | Part B Deductible |
|---|---|---|---|
| * = Most popular | Avg cost per plan | Does plan cover deductible? | Does plan cover deductible? |
| *Medigap Plan F | $171 | Yes | Yes |
| *Medigap Plan G | $123 | Yes | No |
| *Medigap Plan N | $113 | Yes | No |
| Medigap Plan A | $192 | No | No |
| Medigap Plan B | $142 | Yes | No |
| Medigap Plan C | $190 | Yes | Yes |
| Medigap Plan D | $158 | Yes | No |
| Medigap Plan K | $89 | 50% | No |
| Medigap Plan L | $130 | 75% | No |
| Medigap Plan M | $219 | 50% | No |
You may notice from time to time that we add new Medigap companies to our list. This is because we’re alway researching which companies provide great rates and dedication towards sound business practices. We’re focused on making sure our clients receive the Medicare supplement insurance plan, protection and service they need and expect from established Medicare companies. REMEDIGAP offers over a dozen Medicare supplement health insurance companies that sell a variety of Medigap plans. At REMEDIGAP, we only offer top ranking Medigap companies so we can help our clients get the coverage they need from financially secure insurers.
Here are just a few of the Medicare Supplement companies that REMEDIGAP currently offers:
Compare Standardized Medigap Plans
As you begin shopping and learning about the various Medigap companies, you’ll quickly notice that there’s a big difference in cost. Some companies charge more even though the coverage is exactly the same. It’s one of the most misunderstood parts about Medicare supplement companies and plans.
You need to start out by understanding that our government standardized Medicare supplements beginning in early 1990s. They did this to make sure shoppers like you could compare similar Medigap plan letters and know that the coverage is the same no matter which company you purchased it from. In other words, if you’re shopping for Medigap Plan G – your doctor network, coverage and benefits will all be the same no matter the company you choose. Everything is the same except for cost!
The same rules apply with Plan G and Plan N too! Medicare’s official guide to buying Medigap says: “Cost is usually the only difference between Medigap policies with the same letter sold by different insurance companies.”
FAQ
The top Medigap company will depend on a few factors which include your age, gender, tobacco use and the state you live in. If you’re new to Medicare, it’s always wise to work with an independent insurance broker who can find the best medicare supplement plans and compare multiple companies for you.
You have a few Medicare options when buying an insurance plan. The two most popular types of plans are Medicare Supplement plans and Medicare Advantage Plans. They are both sold by private insurance companies, but are very different in how they provide coverage. Medicare Supplements cover the gaps in Medicare’s standard coverage and you’re still enrolled in Original Medicare. There are no networks and you can see any Medicare provider. With Medicare Advantage Plans, you have networks, require Prior authorization, and Medicare is no longer managing your care; the Medicare Advantage plan is now managing your care.
All Medicare insurance companies provide the same benefits when you compare the same standardized plans. This means that a Mutual of Omaha Medicare Supplement Plan G has the same exact benefits as any other company offering Plan G. The only difference is price!
Medigap Plan G and Plan N are currently the most popular plans for those currently eligible for Medicare. Plan F was the most popular plan, but unless you were eligible for Medicare by Dec. 31, 2019, you can’t buy Plan F.
We’re Here To Help
Need help to compare prices for the 10 Best Supplemental Insurance Companies? Contact REMEDIGAP online today. We’ll help you find the best Medicare supplement insurance company in your state for your particular needs.
Please reach out to us today. You can reach us at at (888) 411-1329 and speak directly with a REMEDIGAP licensed agent.
Reference:
*REMEDIGAP internal sales data from 2018. This data is based on the Medigap policies quoted & sold and is not a comprehensive national average of all available Medigap plan premiums.