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10 Best Medicare Supplemental Insurance
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Medicare Supplement Insurance Companies in 2022
Here are the top 10 Medicare Supplement Insurance Companies in 2022 that you should take note of:
Mutual of Omaha: Best Overall Medicare Insurance Company
It is very clear why Mutual of Omaha is at the top of the list. This company simply has an A+ rating with AM Best and an AA rating with S&P. Established in the year 1909, Mutual of Omaha has simply been a household name for over a century. They then pay 98% of Medicare claims within 12 hours, saving clients the hassle of worrying about claim status.
Plus, you also receive various policy options when using Mutual of Omaha as a Medicare insurance company. Aside from the Medicare Supplement plans, Mutual of Omaha simply offers Medicare Part D prescription drug plans, dental coverage, and long-term care insurance, to name a few of their products.
Also, household discounts simply make it beneficial to choose Mutual of Omaha if your spouse already has an active Medigap policy with this company.
Aetna: A Widely Available Medicare Insurance Company
Founded in the year 1853, Aetna simply proved to be one of the most established insurance companies nationwide. Over 39 million customers, including Medicare beneficiaries, rely on Aetna for healthcare coverage. Aetna also boasts an A rating from AM Best and an A+ from S&P. Thus, Aetna proves to be a top carrier all around.
As a Medicare insurance company, Aetna simply offers top Medigap plans in 43 states. These plans can then provide significant benefits, such as a 12-month rate lock guarantee, household discounts in many of the 43 states where they are available, and also 30-day free look protection.
Cigna: Best Customer Service From a Medicare Insurance Company
The Insurance Company of North America (INA) began in the year 1792 as the United States’ first stockholder-owned insurance company. INA eventually became the company we know today as Cigna, one of the most renowned health insurance carriers nationwide. Rated as an A company by AM Best and S&P, Cigna has proven itself a worthy Medicare insurance company.
As a Medicare Supplement insurance company, Cigna does offer all of the top Medigap plans and also a spectacular dental, vision, and even hearing plan option for Medicare beneficiaries. Cigna also provides spousal and household discounts in many states nationwide. However, one of Cigna’s perks is its top-rated customer service department.
United American: Best User Experience for a Medicare Insurance Company
United American Insurance Company began in the year 1947 and has been offering Medicare insurance options since the year 1966. Currently, the company simply maintains an A+ rating from AM Best and has done so for over 40 years. However, S&P’s rating for United Americans is AA-.
United Americans provide a variety of top Medicare Supplement plans, but it is best known for its Medicare Supplement High Deductible Plan F and High Deductible Plan G policies. A key reason why many people on Medicare choose United American is their two-year policy anniversary rule.
Capitol Life: The Most Widely Affordable Medicare Insurance Company
Capitol Life is also an American insurance company founded in the year 1905, specializing in Medicare supplements and life insurance. The company is also highly successful, receiving an A rating by AM Best and an A rating by S&P.
After over a century in business, Capitol Life simply remains a reliable Medicare insurance company. Capitol Life is also committed to bringing low-cost Medicare Supplement plans to as many people as possible.
UnitedHealthcare: Simplest Medicare Insurance Company Underwriting Process
Since the late 1970s, UnitedHealthcare has also been providing Medicare beneficiaries with Medigap options. As one of the country’s top two largest insurance companies, UnitedHealthcare is simply an excellent option when searching for a Medicare insurance company.
UnitedHealthcare is also rated as an A company by AM Best and an A+ company by S&P. These ratings then accurately represent the company overall. UHC provides good and quality healthcare to Medicare beneficiaries nationwide with one of the most straightforward Medicare Supplement underwriting processes.
Manhattan Life: Best Website Experience From a Medicare Insurance Company
Manhattan Life has also been insuring Americans for over 170 years. As one of the longest continuously operating insurance companies in the U.S., Manhattan Life continues to satisfy policyholders. Manhattan Life also holds a B++ rating from AM Best and an A rating from S&P.
Manhattan Life simply offers five Medigap plans and also a comprehensive dental, vision, and hearing plan. The company was successful in the Medicare realm, with 30+ years of experience. Manhattan Life is also dedicated to progressing its technology for an easier user experience.
Humana: Best Value Medicare Insurance Company
Humana Insurance Company has also been providing Americans with healthcare coverage since 1961. Rated as an A-company by AM Best and a B++ company by S&P, Humana prides itself on affordable healthcare for all enrollees.
As a top-rated Medicare insurance company, Humana simply offers policyholders various additional benefits. These benefits then include SilverSneakers memberships in 47 states and 24/7 access to telehealth doctors.
Blue Cross Blue Shield: Best Medicare Insurance Company Mobile App
Blue Cross Blue Shield has also been a prominent insurance company since the year 1929. Receiving an A rating from AM Best and a B rating from S&P, BCBS is also one of the most highly recognized Medicare insurance companies.
Blue Cross Blue Shield focuses on customer satisfaction and offers The company simply offers typical Medigap plans and also policies bundling dental, vision, and even hearing coverage. One of their best assets is an easy-to-use mobile app for customers to track their claims history and payments.
Bankers Fidelity: Highest Rated Senior Experience with a Medicare Insurance Company
Bankers Fidelity has also been serving seniors on Medicare for over 65 years. With an A rating from both AM Best and also S&P, Bankers Fidelity simply remains a successful Medicare insurance company.
What is the highest-rated Medicare Supplement insurance company?
The highest-rated Medicare Supplement company can simply vary by location, as plan ratings are not the same across states. However, the companies above have the top 10 highest ratings on average throughout the country.
Each carrier simply has a specialty that then makes it unique. However, each also has its pitfalls. Your location and needs as a consumer will then determine which carrier is suitable for you.
What is the downside to Medicare Supplement Plans?
The biggest downside to the Medicare Supplement plans is the upfront costs. In the long run, you will likely spend less on healthcare with Medigap than with Medicare Advantage or Original Medicare (Part A and Part B) only. However, Medicare Supplement plans simply require higher monthly premiums than Medicare Advantage plans, and you will also need to pay your original Medicare and even Medicare Part D premiums, if applicable.
Is There a Medicare Supplement Plan That Covers Everything?
When it comes to the Medicare Supplement plans, you only receive coverage for services that Original Medicare covers. This means that Medicare Supplement plans simply do not cover services not typically covered by Medicare Part A or Part B.
Some of the essential benefits that Original Medicare does not cover include dental, hearing, vision, and prescription drug benefits. To receive this coverage, you must then enroll in separate plans that work alongside your original Medicare and Medicare Supplement policies.