Top 10 Medicare Supplement Carriers
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- Опубліковано 22 лип 2024
- medicarenationwide.com I 1-833-407-1107 I info@medicarenationwide.com
What are the Top Ten Medicare supplement carriers? Here we outline the pros and cons of recommended carriers. This is an unbiased review from an experienced independent health insurance broker. Here is our article on the top ten carriers: medicarenationwide.com/10-bes...
To chat with us about your options, set an appointment with here: calendly.com/medicarenationwi...
Contents of the video:
0:00 - Introduction
0:35 - American Home Life
1:30 - Prosperity (SBLI)
2:32 - Aflac
3:19 - Aetna
3:49 - Accendo
4:38 - Humana
5:21 - Mutual of Omaha
6:17 - Cigna
7:22 - Manhattan Life
7:56 - Allstate
8:45 - Next steps
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Thank you very much! God bless you.
10. America Home Life - inexpensive, for "conservative" customers, [part D, I don't see part G]
9. Prosperity (SBLI) - offers discount term life insurance, they have friendly underwriting for those switching companies.
8. AFLAC -
7. Aetna - a lot of large rate increases recently
6. Accendo - affiliate of Aetna in most states offer 14% discount for householder joining
5. Humana - high deductible G plan for New Yorkers, some free gym memberships
4. Mutual of Omaha - arguably best customer service, they don't cut corners, put forth a lot of effort. They have a lot of subsidiaries
3. Cigna - very friendly underwriting for people switching plans vs others who really jack up prices when people switch companies.
2. Manhattan Life - more stable rates. Not offered everywhere.
1. Allstate - lowest rates so far, but that may change
Thanks for taking an interest in my recommendation. Please note that my recommendations have changed since this video came out months ago. I no longer recommend Prosperity and a few others on this list. For my most up-to-date list, you can call me directly at 617-879-9033. Kind regards, Eric
Extremely helpful. I sold Medicare Supplements from 1987-1999 and find myself shopping for plans as I'm about to turn 65. Eric's video is most informative. I will be calling him with questions.
@samcunningham6009 Thank you for sharing your experience in the industry and appreciate your confidence in choosing to work with me as your broker. I will keep in good touch with you over the years and make sure you are aware of your choices.
I am going into my 2nd year with Allstate. They have been wonderful. I have not had to pay one dime towards my health care other than Part B deductible.
thank you for this information.
Thank you for the much needed information.
Thank you for watching! Please call and I will help you get set up at 1-833-407-1107. Thanks again for your support. It is free to work with me.
Thanks for the information. I feel good about going with Allstate plan G just a few weeks ago. I am glad you have them in the top spot.
Thanks for liking the video. For anyone else interested in seeing if Allstate is right for them, please call us at 1-833-407-1107. We're finding them to be much lower than the competition and with an AmBest rating of A+ "(Outlook Stable)" as of 2023.
Just be careful. Allstate is so new to the game that its rate stability is something you cannot measure in a meaningful way. The insurance world is full of companies that price low initially for marketshare and then are awful when it comes to raising rates in the out years. And in most states, you can't just change carriers without medical underwriting so choosing an unproven carrier can be dangerous. If you are in NYS, have fun - you can change every month. Indeed, in NYS, feel free to choose a MA plan until you need flexible medical care and access to important national hospitals. and then switch to Medicare with a supplement when you get sick and need the network, free of pre-approval headaches. For the rest is us, be very careful.
My advice, and I am not a broker, just someone who was in the industry, is to pick the largest, most financially secure company you can find. Large matters because the risk pool will be the best for future rate increases. And financially secure matters because 2008 can happen again. I personally chose UHC because they have by far the largest medicare supplement (and for its worth MA) carrier. And they are the most financially secure. I have no affiliation with AARP, UHC or anyone . Just my informed opinion.
I was surprised not to see UHC, the larges medicare supplement carrier. Why did it not make the list?
You can only use their approved marketing materials. Thanks for watching our channel. We have a lot of clients with them. They don’t want their name being mentioned.
Their customer services sux. You either get Tawain or someone south of the Mexican border. I've had to block their email and their phone number! I had a computer call me one morning at 5 on a Sunday!
I believe that they are an advantage plan not supplemental
I just got UHC’s supplemental plan.
UHC is tied to AARP so if you have that you have UHC.
Hi there. This is great information. I was surprised when you mentioned Aetna as not in the top 5. I had been told that due to so many people going with them, they can keep their rate increases smaller. When will you be doing an update for 2024? I am in California and can switch around the first of the year which is when my birth date falls.
Thanks!
Thanks for watching! The fastest way to get my updated list is to call me at 1-888-559-0103. There have been some significant updates to this list.
I switched out of Cigna this month because of their high rate increase. Switched to Ace. In eastern PA.
Let us know how that goes.
The cheapest Plan G here in Florida was the AARP plan by United Health Care.
Thanks for your comment. Yes, the insurance carriers change their prices often.
Mutual of Omaha coming out with lots of new "subsidiaries" sounds like the practice of starting new patient pools and cutting off new enrollments into the existing pools. As the old pool ages, with no new (thus younger) enrollees, the rates go up. MoO is apparently known for this practice... so I'm surprised MoO is on your list at all.
Thanks for watching the video and commenting with your thoughts on the issue. Mutual of Omaha leans heavily on its Medicare supplement product line as opposed to its Medicare Advantage line of business. I have shared in other comments why I recommend this company below. They are a mutual company, not a stock company, meaning they make decisions based on their policyholders more so than worrying about short-term profits for their stockholders. They are not ranked high strictly because of rate stability, they are ranked high because they are a quality carrier. However, I would argue there are plenty of carriers that have a worse reputation for rate increases. Plus, Mutual of Omaha has a strong High-deductible Plan G. My recommendations have changed since the making of this video, you can reach out to me if you would like to learn more.
Very good info. I'm still weighing the alternatives for 2024. Not to be mean, but it looks like you have a $3000 microphone but it sounds like you recorded the audio on a flip phone. Thanks.😊
Sadly, the audio recorded on the headphone mic and not the one in the video!
Is there a website I can go look at insurance companies and decide on the one I want? I can then contact a agent after I do my research. TIA!!! Good info by the way.
This is not readily available. And if you do find one, it isn't organized in a manner that suits the beneficiary. Of course, we make this easy by calling 1-888-559-0103.
Nice list, and good tip on Cigna. No mention of United American?
Thanks for liking the video. UA has a solid reputation.
Thanks for the video. It's great to see someone finally rate different companies by name. Where does Physicians Mutual rate? I went to an information session with an agent and it sounds great but I've always been skeptical 0f insurance salesmen.
Thank you for your comment. I'm glad you found the video helpful. As an independent agency, we carefully vet the carriers we partner with to ensure they meet our standards for customer service and value. While we don't currently work with Physicians Mutual, I'd be happy to discuss your Medicare options and our carrier partners in more detail if you'd like to connect. Please feel free to reach out. Wishing you the best in your Medicare planning.
what if under 65 to take Underinsurance and on advantage now?
We assist with under-65-year-old health insurance options, including Medicare Advantage. Please call us at 1-833-407-1107
I'm not sure how much research went into this video. Many large companies who offer nation wide plans are not mentioned. Very disappointing. I also question how reliable this info is
It's okay to have an initial impression of skepticism. I am glad you expressed your concern. If you want I can explain how carriers have fared in your zip code. There is no better way to pursue truth than to continue to seek it.
You can call me at 1-833-407-1107 and then if you want let everyone know if it was helpful to speak with me.
My Mom had A.A.R.P. What does tu/vous think of that one?
We like UnitedHealthcare's Medicare supplements.
AARP/United Healthcare?
We recommend them and have several clients with them. Unfortunately, they do not want agents marketing their product. But we do offer them.
I have Allstate
We love working with Allstate. If anyone is interested in getting an Allstate quote, give us a call at 1-833-407-1107.
Is Allstate in New York State?
Allstate currently doesn't offer Medicare plans in New York, but we can recommend other carriers to you.
@@MedicareNationwide what if I am spending a few months in Ny and get medical treatment while I am there. Would my Georgia Allstate supplement cover it since my permanent residence is still Georgia?
@@janegomiller7932 You would be covered. Medicare claims are accepted in every state and your Medigap plan would cover the difference.
You lost me at #4, Mutual of Omaha. I have some customers who have been with them and have had very high rate increases (no rate stability) and can't pass medical underwriting to get another supplement plan. They have used several subsidiary companies to write new business while raising the rates on people they already have on the books. And at #1, Allstate with a big question about rate stability? Not sure about your rating criteria or the credibility of your list.
Thanks for watching our video and contributing.
They offer High-deductible Plan G, which a lot of the carriers do not. Especially the biggest carrier names you can think of that find that product not to be profitable enough for them.
I am licensed in 48 states and there are certain states where they have historically shown price stability, especially for Plan N.
They have more billing options than any other carrier, they don't require folks to provide their banking or social security numbers over the phone.
They have a self-enrollment link that folks can go to here if they don't want to speak to an agent and want to DIY: applyformedsupp.com/UA$KSF
They allow you to pay by credit card at any time of the month.
They are arguably the fastest to pay claims with the best customer service.
They are the fastest to respond back to agents and the easiest carrier to work with and wouldn't ask me not to mention them in this video, like some carriers.
They have a nice website for consumers. They are A+ rated. They are the most referred by name carrier of our large book of business. Mutual of Omaha is definitely a quality company and deserves to be in the top 5. We do internal replacements for our current book when necessary. They would be number 1 if it wasn't for their high rate increases. Some folks prefer quality and don't mind paying more for it.
Allstate is new, but their discount can be as high as 25% and they are rated A+ as of 2023. You are free to come up with your own list. Also, I did this video 7 months ago to give people an idea of the insurance landscape, so my recommendations have changed since as insurance rates have changed.
These are medigap policies?
Yes they are.
Can someone please help me
I don't have Medicare and I just turned 65 with Medicaid
Please call us at 1-833-407-1107
I don't understand why everyone seems to think cheap is good.
Rate increase history, rating of the company, how long the carrier has been in the market, and premium. These are my top 4 considerations everyone should know.
Because all medicare supplement plans have identical coverage. Price is the only difference.
Things have really changed. Accendo is closed.
As a licensed broker myself, I think you should say at the beginning why you don't mention UHC. They are the largest but don't use independent brokers. The public should know this.
They use independent brokers. However, you can only use their approved marketing materials. Thanks for watching our channel. We have a lot of clients with them. They don’t want their name being mentioned.
UHC is part of AARP which is too political. They do not represent seniors in any way.
Wrong. UHC is one of the largest insurance companies in the country with over 350,000 employees, of which my wife is one. AARP is not part of UHC or vice versa. AARP simply endorses the UHC program, which provides discounts for their members. UHC has the largest number medicare supps and advantage plans inforce.
@@MarkM58 In all fairness, the relationship is more than a simple endorsement. You must be an AARP member in order to purchase a UHC Medigap policy. In fact, your AARP membership number is the same number as your UHC policy number. Thanks for the lively debate.
@@MedicareNationwide True. It is an association plan. There are many out there that require membership. They exist for many products. But AARP has association plans for life insurance, long term care insurance and several other programs, not through UHC.
Why don't you mention the quality of coverage and deductibles? What's important is things like Dr visits, blood work and specialists being covered all with low or zero co pay.
This is a really great question that others will have after watching this video. So thank you for bringing it up! Medicare supplement plans are federally standardized. The insurance carriers have to offer the same coverage.
For example, after Medicare pays 80% of your medical claim they send notice to your secondary insurance carrier to pay 20% of the remaining amount. All the insurance carriers are responsible for the 20% after Medicare approves the claim.
If Medicare is your primary insurance it means that all you need is Medicare to approve your medical claims and the secondary insurance will be notified to pay the difference.
You have another choice though if you replace Medicare as your primary insurance.
If you adopt a Medicare Advantage plan, you replace Medicare as your primary insurance and now your Medicare Advantage insurance carrier will manage your care, approve claims, and determine if doctors will be covered.
This video is not about comparing plan differences. This video is about carriers that offer the same Medicare supplement/Medigap coverage. Does my explanation help? You can call me if you want to discuss the plans offered by Medicare in further depth at 1-833-407-1107.
Here's a video I made that discusses the main differences between the types of major plans offered for those on Medicare: ua-cam.com/video/fsaR-1Cej0k/v-deo.html
That question underlines the problem of people not understanding the differences between Medicare Advantage and Medicare A and B with a Medigap plan until it's too late. @@MedicareNationwide