When you reach the age of 65, you’re faced with an important decision regarding your healthcare insurance. You spent your entire working career paying into Medicare, now it’s time to reap the benefits. Not only is it time to enroll in Original Medicare, it’s time to enroll in Medigap. You know what letter plan you want, now you need to choose the carrier you want. We’ve put together a list of the 2018 top 10 Medicare Supplement companies.
Top 10 Medicare Supplement Companies for 2018
We’ll include the companies A.M. Best Rating, S&P Rating, how they rate their plans and the years they’ve been in the market. A.M. Best Rating is known to be one of the top resources used in the insurance industry to rate an organizations financial strength and quality. S&P is also a top resource that provides market intelligence in the form of credit ratings and thought leadership.
It’s also important to know what Medigap pricing method a company uses to determine the cost of your Medicare Supplement plan. By comparing their ratings & pricing method, you’ll be able to find the best company to purchase your Medigap plan of choice.
AARP Medicare Supplement Plans for 2018
Given an A rating by A.M Best Company and AA- by S&P Rating, with 19+ years in the insurance market, AARP is one of the most popular choices when it comes to purchasing a Medigap plan. They price their policies using the issue age method, meaning the price is based on your age at the time you purchase the policy and won’t increase as you age.
Mutual of Omaha Medicare Supplement Plans for 2018
With a A+ superior rating from A.M Best company as well as AA- from S&P, Mutual of Omaha Medicare Supplement plans are next on the list. MoO prices their policies using the community rated method. This rating method does not base the premium price off your age, everyone pays the same rate for a policy. They’ve been in the insurance industry since 1909.
Aetna Medicare Supplement Plans for 2018
Aetna has been around for over 13 years. They have an A.M. Best A rating and AA- with S&P. They price their plan premiums using the issue age pricing method, just like AARP. You can learn more about the Aetna Medigap plan options here.
United Healthcare Medicare Supplement Plans for 2018
United Healthcare has an S&P rating of AA- and an A with A.M Best company. They also use the issue age rating method to price their premiums. With many years of experience in the insurance industry, you can feel confident in your decision.
Humana Medicare Supplement Plans for 2018
With 13+ years in the insurance market, Humana has an A- A.M Best Company rating. They also price their plan premiums using the issue age method. You can read more about Humana Medicare policies here.
Cigna Medicare Supplement Plans for 2018
Cigna is know for their conservative rate increases and an A rating with A.M. Best Company. This company also uses the issue age pricing method. Learn more about Cigna Medicare Supplements here.
Anthem Medicare Supplement Plans for 2018
Anthem has been around since 2004. They’re given an A rating by A.M. Best and an AA- by S&P. Of the 3 pricing methods, they use the issue age method. Find out more about Anthem Medicare Supplement plans here.
Blue Cross Blue Shield Medicare Supplement Plans for 2018
Another very popular company is Blue Cross Blue Shield. With an A+ A.M. Best Rating as well as an A+ with S&P, they’ve been in the insurance market for 51+ years. Like most, they use the issue age rating method when pricing policy premiums. Read more about Blue Cross Blue Shield Medicare Supplement plans here.
Bankers Fidelity Medicare Supplement Plans for 2018
Bankers Fidelity Life Insurance Company was found in 1955. They’ve held a steady rating with A.M. Best of an A-. Again, they also use the issue age rating method when pricing policy premiums. Find out more about Bankers Fidelity Medicare Supplements here.
United American Medicare Supplement Plans for 2018
Established in 1947, United American has maintained an A+ rating with A.M. Best and an A+ with S&P. The issue age pricing method is also what they use to price their plan premiums. You can compare United American Medicare Supplement plans here.
Compare Medigap Quotes Online
We hope you’ve found this information helpful as you navigate all your Medigap carrier options. We can compare quotes in your area with no obligation to sign up. Call or click here to compare Medigap quotes online today!