You discovered the Medigap policy you want; however, do you know which company you want to select? It only makes sense to choose a stable, reliable, and trustworthy company.
Knowing the top 5 rated Medicare Supplement companies can make choosing easier.
Turning 65 often means you’re new to Medicare and eligible for a Medicare Supplement. These top 5 rated Medicare Supplement companies are offering competitive prices.
A Medigap policy is issued by a private insurance company; whereas, Medicare is provided by the federal government.
These companies have received high ratings from A.M Best.
If you saw our “Top 10 Rated Medicare Supplement Companies of 2019” post, then you know we have high standards.
The insurance carriers selected boast years of experience on the Medicare market. It’s likely that you’ll recognize the company names, you may have even received coverage from them in the past.
The Top companies we’ve selected have financial stability, slower rate increases, as well as competitive prices.
If you recently became eligible for Medicare, you could qualify for a Guaranteed Issue Medigap plan.
However, if you’ve been on Medicare for a while, you may still qualify for Medigap coverage. Although, the best way to find out about eligibility is to talk to a licensed insurance broker in your state.
If you want to enroll in the best policy with one of the top 5 rated Medicare Supplement companies, you’ve come to the right place. Below is a list of the top-rated Medicare Supplement Carriers for 2020.
Top 5 Rated Medicare Supplement Companies for 2020
- Mutual of Omaha
Each Medigap company has a different pricing method; by comparing rates, you can find the best company for you. Rating methods change based on location as well as the insurance company.
Additionally, the initial annual premium isn’t the only thing you should focus on. Since these companies increase rates, it’s in your best interest to understand how the pricing methods work.
The pricing method will help you determine the cost of your future premiums. Even though today’s premiums are low, you want a reliable company with a slow and stable rate increase.
Below we’ll discuss information on our top-rated Medicare insurance companies as well as how you can benefit from selecting a top carrier.
Mutual of Omaha Medicare Supplement Plans for 2020
One of the first companies to offer Medigap coverage, it’s no wonder Mutual of Omaha is at the top of our list.
Mutual of Omaha has affiliate companies some of which include:
- Omaha Insurance Company
- United of Omaha Life Insurance Company
- And United World Life Insurance Company
Mutual of Omaha boasts an A+ financial strength rating with A.M. Best. Additionally, they offer these superior Medicare Supplement plans across the nation.
S&P also rates Mutual of Omaha with an A+ rating.
You can tell an insurance company is stable when they offer multiple lines of coverage.
Mutual of Omaha is no exception, they offer coverage for life, dental, vision and health insurance.
They also offer annuities, investments, and mortgage services. However, Medigap policies are some of the most competitive in the senior healthcare market.
Aetna Medicare Supplement Plans for 2020
Business for Aetna began in the 1800s, and they’ve become a huge global insurance provider. Additionally, they offer Medigap plans with lower premiums as well no rate increases in your first year.
A nationwide leader in health, group, dental, disability as well as Medicare insurance; Aetna covers over 43 Million Americans.
Some of Aetna’s affiliate companies include:
- Continental Life
- American Continental insurance
No matter which you select, it’s all the same reliable company.
A.M. Best gives this long-standing company an A rating as well as an A+ from S&P. Although Mutual of Omaha is our top choice, Aetna is an excellent runner up.
So, if Aetna has a lower premium in your area, then selecting a policy with them may be the most beneficial thing for you.
Blue Cross Blue Shield Medicare Supplement Plans for 2020
Approximately one in three Americans receive their coverage from a Blue Cross Blue Shield (BCBS) policy. No doubt, they’re one of the most well-known names in the insurance industry.
BCBS has over 50 years of a successful business; they offer multiple lines of insurance coverage and they boast high ratings. If you’re looking for a strong and competitive company, this could be your best choice.
BCBS is also known as Anthem and depending on your area, their name may vary.
A.M Best gives Blue Cross Blue Shield strong financial ratings across the nation.
Cigna Medicare Supplement Plans for 2020
Well known for low rate increases, Cigna is the coverage you can trust. They offer competitive rates, household premium discounts, and they provide insurance to over 85 Million people globally.
Cigna offers more than Medigap coverage. They have life, disability, accident, and health insurance plans available across the globe. This is a healthy and stable company.
Additionally, A.M. Best gives Cigna an excellent A rating. If you choose a Medicare Supplement Plan F with Cigna, you’ll be happy with your coverage.
Humana Medicare Supplement Plans for 2020
If you’re looking for a top 5 rated Medicare Supplement Company, Humana could be the answer. They’ve been in the Medicare Supplement market for more than 20 years.
Notorious for affordable healthcare options, Humana could be the most suitable plan for your wallet. Additionally, with A.M. Best giving Humana an A- rating, it’d be silly to refuse a free quote.
Humana is a multi-line insurance carrier; they offer coverage for Medicare, group, dental, and Part D prescription drug coverage.
Even if you find a supplement with another company, you may still find your Part D with Humana.
Why Choose One of the Top 5 Rated Medicare Supplement Companies?
When you select a reliable company for coverage, you minimize the risk of losing coverage to a bankrupt company.
Medicare Supplements offered by well-known carriers offer competitive prices, it only makes sense to protect yourself.
We understand Medicare is complicated and selecting a plan can be overwhelming. However, by letting one of our Medicare Experts do the hard work, you can relax knowing your healthcare is handled.
We can answer all your Medicare questions and give you the confidence you deserve to have in your healthcare.
You can get a FREE online rate quote by filling out our form or by speaking with an agent at the number above.