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Top 10 Medicare Supplement Companies in 2021

There are many reasons you could be looking for the top 10 Medicare Supplement companies of 2021. Maybe you’re new to Medicare, or you’re hoping to find your company on the list. Either way, we have all the details! The information below is from consumer reports for the top Medicare Supplement insurance companies. We’ll include the companies A.M. Best Rating, S&P Rating, and the years they’ve been in the market. You can also compare Medigap plan rates side by side with all the top companies to see which one has the lowest rate in your area.

Top 10 Medicare Supplement Insurance Companies in 2021

  1. Mutual of Omaha- Best Overall
  2. Aetna- High-Quality Nationwide Options
  3. Cigna- Superior Customer Care
  4. United American- Best Enrollment Experience
  5. GPM- Superior Coverage Options
  6. TransAmerica- High Financial Strength Ratings
  7. Manhattan Life- Best Website Experience
  8. Bankers Fidelity- Best Senior Expertise
  9. Blue Cross Blue Shield- Best Mobile App
  10. Medico- Best Value

Every Medigap plan meets government standardization requirements. No matter which company you choose, the benefits are the same when the letter plan is identical. So, Plan G with Mutual of Omaha has the same coverage as Plan G with Medico. Plan N with Cigna is the same coverage as Plan N with TransAmerica.

The differences are in premium, rate increase, and the financial rating history of the carrier. Every Medigap plan allows you to go to any doctor, coast to coast. Some policies even offer international coverage. For those new to Medicare or anyone that finds the process too confusing, our agents can walk you through everything.

By comparing company ratings, hopefully, you’ll be able to determine the best carrier for you. Below we discuss the important key factors in each company; pros, cons, and everything in between.

How is Mutual Of Omaha Medicare Supplements Rated in 2021

There is no wonder why Mutual of Omaha is making the top of our list; the company has an A+ rating with A.M. Best and an AA- with S&P. Back in 1909, Mutual of Omaha enters the insurance industry.

Mutual of Omaha boasts about paying 98% of Medicare Claims within 12 hours, meaning you don’t need to worry about claim status!

Plus, Mutual of Omaha offers more than just supplemental coverage; Part D plans and Long-Term Care insurance are a few of their additional coverage options.

Then, there are household discounts up to 12% for beneficiaries that live with someone over 60 for at least a year. There is also a spouse discount for those with a spouse that has an active Medigap policy with the same Mutual company.

Of course, discounts vary by state. Either way, you can’t go wrong when you go with Mutual of Omaha.

How’s Aetna Medicare Supplements Rated in 2021

Imagine starting an insurance company in 1853; well, that was Aetna. The name comes from a highly active volcano in Sicily, Mt.Etna. In the ’90s, Aetna was the first to make a commercial about insurance.

Over 39 million customers rely on Aetna for Healthcare, including Medicare.

Aetna has excellent ratings from all over. A.M. Best gives them an A and S&P rates Aetna at an A+.

Aetna Medigap plans include a 12-month rate lock. Meaning, you have the same rate with no increases during the first 12-months.

Further, you can use their website to track your claims, view your coverage, and even request an ID card.

They offer a spouse discount to those who have an active Medicare Supplement policy with the same Aetna company. Aetna does offer household discounts as well; the amount varies by state.

How are Cigna Medicare Supplements Rated in 2021

Both A.M. Best and S&P rate Cigna at an A. Cigna began in 1792 as the first Marine insurer of the United States; during that time, it went by the name Insurance Company of North America. Now, Cigna insures people for all kinds of things, such as life, accident, health, and more.

Cigna designs policies with the thought of pre-existing conditions in mind. Many companies have strict enrollment eligibility guidelines for a Medigap policy. However, Cigna will cover customers with serious issues that most companies would reject.

Cigna offers a 7% household discount when both spouses signup for a supplemental policy, like everything else, the amounts vary by state.

Like many other companies, Cigna has an online platform that allows clients to view their policy, set up payments, update information, print ID cards, and more.

How is United American Medicare Supplements Rated in 2021

For over 40 years in a row, United American has gotten an A+ rating from A.M. Best. S&P rates the company an AA-. United American established the company back in 1947 with four core values in mind. These core values include stability, service, quality, and commitment.

Unlike most companies, United American has many clients that experience a premium reduction at some point, though premium increases are standard.

The company is most well-known for it’s High Deductible Plan F.

United American is a subsidiary of Globe Life. Much like Cigna, United American allows policy approval for beneficiaries in less than good health.

Although, those with a pre-existing condition, working with an agent is a recommendation you should heed. Agents are aware of state guidelines and underwriting rules that you won’t find online.

Working with an agent means you can quickly determine the best policy in your area; so, you save time and money!

How is Government Personnel Mutual Life Insurance Medicare Supplements Rated in 2021

Government Personnel Mutual Life Insurance is commonly called GPM. A.M. Best rates GPM with an A-. The company benefits policyholders. Much like Mutual of Omaha, GPM is a mutual company. Policyholders are the owners of Mutual Companies; any profits and the beneficiary earns dividend distributions or premium reductions.

GPM offers five plans; Plan A, C, F, G, and N.

There are household discounts available, talk to your agent about the amount in your state.

How are Transamerica Medicare Supplements Rated in 2021

A.M. Best gives Transamerica an A rating, whereas S&P rates them at an AA-. The company has more than $130 billion in assets and over $460 billion in revenue-generating investments; this indicates strong financial performance by Transamerica.

Those switching to Transamerica without creditable insurance may have to wait six months for coverage on any pre-existing conditions. However, this doesn’t apply to those living in Hawaii, Ohio, or Texas.

Transamerica makes it easy for customers to view and update information, as well as print claims right from a computer.

Many clients have more than one policy with Transamerica; the company is trustworthy in both health and financial needs.

There are household discounts available.

How’s Manhattan Life Medicare Supplements Rated in 2021

For those looking for coverage in Puerto Rico, Manhattan is one of the few companies that operate where others don’t. Manhattan Life is one of the longest continuously serving insurance companies in America; they’ve been going since 1850.

They have a B+ rating with A.M. Best.

Also, they offer additional coverage you can add to your supplemental policy, like dental, vision, and hearing. With those plans, you can choose your providers.

Manhattan Life offers a household discount of 7% even if you live with someone over 60, as long as you lived together for 12 months.

How is Bankers Fidelity Life Medicare Supplements Rated in 2021

Back in 1955, Bankers Fidelity began. They have an A- with A.M Best and an S&P rating of BBB+. The ratings come from their financial transparency and ability to meet insurance obligations.

You should know that Colonial Penn underwrites the Medicare Supplements through Bankers Fidelity. Though, you can avoid underwriting if you enroll during your Medicare Supplement Open Enrollment Period.

Bankers Fidelity isn’t available in all states, and the household discounts vary but usually fall between 5% and 10%.

How are Blue Cross Blue Shield Medicare Supplements Rated in 2021

Established in 1929, Blue Cross Blue Shield has over 100 million members in the United States. Overall, they insure about 1 in every 3 Americans.A.M. Best rates BCBS as an A company. S&P ratings are AA- for Blue Cross Blue Shield.

BCBS offers more than just supplemental insurance; they have dental, vision, and marketplace policies for those under 65.

You may hear people refer to this company as Anthem. In most states, the household discount is 5%.

How’s Medico Medicare Supplements Rated in 2021

Since the 1930s, Medico has been offering Americans quality insurance options. A.M. Best rates Medico as an A- for being a stable and affirmed company.

Medico offers a plethora of services and products such as Hospital Indemnity Coverage, Life Insurance, and Cancer Insurance. Although, if you want to add dental and vision, they can help with that too.

Medicare Supplement Plans through Medico won’t be available in all states. Also, Medico doesn’t offer household discounts everywhere it operates; however, if one is available, it ranges from 7%-12%.

How to Get Help Choosing the Top Medicare Supplement Company in Your Area

While every top carrier is competitive, it makes sense to pay more for superior customer service and financial stability. There are many top-rated medicare supplement companies to choose from in 2021, and when you use our agents, you get your cake and eat it too!

When you enroll in a policy through us, you get the benefits of a low-cost plan with elite customer service.

Our agents can access the most popular Medigap plans for you! So, instead of calling each company for a quote, you dial one agent, and they quote you on all the top carriers. Getting all your quotes in one phone call is going to save you time and money.

Are you considering buying a Medicare Supplement plan? Call our agents at the number above to get the best coverage in your area.

Don't have time to call today? Fill out an online rate comparison form, and an agent will call you to discuss the top Medicare Supplement companies in your area.

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Lindsay Engle

Lindsay Engle is the Medicare expert for MedicareFAQ. She has been working in the Medicare industry since 2017. She is featured in many publications as well as writes regularly for other expert columns regarding Medicare. You can also find her over on our Medicare Channel on YouTube as well as contributing to our Medicare Community on Facebook.

17 thoughts on “Top 10 Medicare Supplement Companies in 2021

  1. I’m turning 65 in March and am domiciled in TX, but spend a lot of time in AZ. We get all our medical care in AZ. I signed up for Medicare part A and B. Both will be effective March 2021. I have 2 questions:
    1. Do I have to get a Medigap plan G in TX or can I choose to get one in AZ (especially considering issue-age pricing in AZ gives me better pricing especially long-term)?
    2. If I do have to sign up in TX, and I go with a company that offers plan G in both states (TX & AZ) can I at some point in the future if we change our domicile switch from the TX plan G to the AZ plan G without underwriting if is with the same company, i.e. just get new pricing?

    1. Hello Pa Le! Thank you for your question. 1) You’ll want to sign up in the state you do your taxes. 2) Most carriers will take the plan with you across state lines and the price will adjust over time accordingly. It’s important to go with a larger carrier, such as Mutual of Omaha, Aetna, or Cigna, to get this option. We have another FAQ article that goes over dual-residency for Medicare beneficiaries that provides additional information. I hope this helps!

      1. Thank you! One follow-up question: If I move from one state (TX) where I have a plan G to another state (AZ), can a get a new Plan G in AZ WITHOUT Medical underwriting? I.e. Does an out-of-state move give me Guaranteed Issue rights for a plan G?

      2. You’re welcome! Since Medigap plans travel with you, you would not need to change plans because you moved. Your plan will travel with you from Texas to Arizona. However, you may be able to find a lower rate for the same plan with a different carrier. You can compare rates when you move, but you would have to go through medical underwriting. If you’re overall healthy, you shouldn’t have an issue with switching carriers.

  2. Two questions: (1) Can companies that offer supplement plans deny enrollment on the basis of pre-existing conditions? (2) I am thinking of switching from my Plan J (no longer offered) to a different plan. Is it still true that i can get a plan with the same or fewer benefits, but not one with more benefits? I have had original medicare since 2005. Thanks.

    1. Hi Mary! Thank you for your questions! 1) Yes, supplement companies can deny you coverage due to pre-existing conditions when enrolling outside of your Medigap Open Enrollment Period. 2) Plan J was discontinued because it essentially was the same plan as Plan F, which is the plan that offers the most benefits. You’re eligible to switch to Plan F or any other plan of your choice. However, unless you have state-specific rules that apply to Plan J, you will still have to answer health questions to switch to a different Medigap plan. You could be denied coverage due to a pre-existing condition. Keep in mind, not all carriers will deny you for the same reasons. Just because one carrier denied your coverage doesn’t mean all of them will. I would recommend giving us a call. We can pull all the plans in your area and determine if any pre-existing conditions you have will impact your approval odds. You may find that Plan F has a lower premium than your current Plan J.

  3. I am thinking of having knee replacement surgery. Right now I’m just getting shots every 3 months. They don’t last that long but they do help. My insurance is Humana Choice (PPO). Do you or can you tell me what my out of pocket cost will be if I have the surgery. Or a ball park number. I live in Waco, Tx. I just left my DR.s office. We talked about it and he told me to think about it. If I opt not to have the surgery I can continue with the shots. I would like to have some idea what it would cost me.

    1. Hi Diana! Humana Choice is an Advantage plan. The carrier is who determines how much you will pay out of pocket, it’s not standardized by the federal government like Medicare Supplement plans are. You will need to contact Humana directly to find out how much your out of pocket costs will be for knee replacement surgery. Unfortunately, there is no way for us to look it up for you.

  4. I know that many people still question is United Medicare Advisors a reputable company. Such rating may help better understand the market.

  5. My husband and I currently have Mutual of Omaha Plan G. Rates are going up 16%. Tried switching to Aetna. Was declined due to either my one med, flecainide or my ablation a year ago. Is there an insurance that we could get? Same plan but certainly lower premiums.

    1. Hi Judy! Some carriers will deny you for a reason that another carrier would not. Your best option is to give us a call so we can pull up all the carriers that offer Plan G in your area. Each carrier offers different plans in each state. Our agents will know which carriers will deny your policy for taking those medications & which carriers would approve your policy.

  6. Do these supplemental plans cover Milrinone since our Medicare plan has a $16.58 per day co-pay which we cannot afford

    1. Hi Cynthia! Is Milrinone administered at the doctors’ office? If so, that would probably be covered under Part B. I’m thinking the $16.58 is the 20% copay you’re left responsible for. If this is the case, then yes, a Medigap plan would cover that 20% copay. Any medication taken at home would be covered under Part D.

  7. My wife is 65 and will be as of 12/25/2018. we live in Idaho 6 months and Mississippi 6 months. Humana choice is what we currently have. half the time we are out of network with our insurance. looking for a F plan with 0 copay and deductible, could you please adise.

  8. My husband is retired military with Tricare for Life on both of us as secondary to our required by social security Medicare parts A&B. Who has the best supplement for us to cover dental, vision, hearing.

    1. Hi Joyce! That depends on many factors, like your location. If you give us a call, we’ll be able to collect the information needed to provide you with the carriers that offer dental, vision, and hearing in your area.


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