Bankers Fidelity Medicare Supplement Plans

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Bankers Fidelity Medicare Supplement PlansBankers Fidelity Medicare Supplement plans have been offered to Medicare beneficiaries for over 60 years.

Based out of Atlanta, Georgia this company is a wholly-owned subsidiary of Atlantic American Corporation.

Also, it’s worth noting that Bankers Fidelity Assurance Company is a subsidiary of Bankers Fidelity Life Insurance Company.

Bankers Fidelity Medicare Supplement Plans

Providing an ambitious line of products, they focus on their clients and financial strength. They provide supplemental plans in most states.

The best time to enroll in a Medigap policy is when you’re both turning 65 years old and beginning Part B coverage. If you delay Part B and maintain creditable coverage, you may still be eligible for the Open Enrollment Period, this gives you Guarantee Issue (GI) rights.

GI rights allow you to enroll in coverage without medically qualifying. So, pre-existing conditions won’t affect you’re premium or eligibility status.

Those with Part B, losing Medicaid coverage in Tennessee, Texas, and Kansas could be eligible for GI rights on a Medigap policy with Bankers Fidelity. Contact our brokers to verify your coverage options.

Bankers Fidelity Providers

Medicare Supplements don’t have a network. This means that if the doctor accepts Original Medicare, a Medicare beneficiary can go see that doctor. Bankers Fidelity Providers are providers that accept Medicare Assignment

Requiring referrals is a thing of the past. More than 90% of doctors nationwide accept Medicare. In other words, Medigap policies allow freedom to seek treatment from any provider that accepts Medicare.

Bankers Fidelity Medicare Supplement Reviews

Bankers Fidelity Medicare Supplement Reviews

Bankers Fidelity has a reputation for being client-focused and providing more than 60 years of excellence

They have a reputation for being client-focused and providing more than 60 years of excellence.

Their customer service professionals boast over 250 years of collective insurance experience.

Known for fast and fair claims-paying. They’re a perfect choice for Medicare beneficiaries that may have a less than perfect health record.

Like most insurance companies, they offer online services to meet the demands of a digital world. In addition, some services do offer a household discount.

Bankers Fidelity is not accredited with the Better Business Bureau; however, the BBB has issued them an A+ rating.

An A+ rating is the highest rating offered by the Better Business Bureau.

Bankers Fidelity Rating

When it comes to carrier ratings, AM Best is the standard for Medicare Supplements. Bankers Fidelity has an AM Best rating of A-. AM Best has publicly stated that they have an “excellent ability to meet their ongoing insurance obligations”.

Below, we’ll go through the top Medigap policies that Bankers Fidelity offers:

Plan F

Plan F is the most popular plan due to having no out of pocket costs. It covers everything, including the outpatient deductible for Part B.

Bankers Fidelity Medicare Supplement Plans

The best Bankers Fidelity Medicare Supplement plans are Plan F, high-deductible Plan F, Plan G, and Plan N

However, this plan will retire in 2020. If you’re Medicare-eligible before it’s retirement, you can still enroll after 2020.

High Deductible Plan F

High Deductible Plan F is identical to the standard Plan F. The only change being this plan has a higher deductible that must first be reached before your coverage kicks in.

Plan G

Plan G is the second most favored plan. The reason is due to it having almost the same benefits as Plan F.

The only benefit you don’t get with Plan G is coverage for the Part B deductible. In 2019, the outpatient deductible is $185.

The premium is was more affordable then Plan F. Most beneficiaries find they save more by paying less in monthly premiums vs having the Part B deductible covered.

In 2020, High Deductible Plan G will become available.

Plan N

Plan N is another top plan that’s offered. The cost is reasonable due to having a few co-payments the beneficiary is responsible for. The copays are between $20-$50 for some doctor visits.

Bankers Fidelity Rate Increases

Insurance companies increase rates because you age annually; also, the older you get, the more likely your expenses will be higher. Also, insurance companies raise rates for the entire state at once for the entire plan.

So, Bankers could increase Plan F by 6% in Texas, 3% in Florida and 1% in North Dakota. The statewide increases are plan-specific; so, bankers fidelity increases all Texas Plan F’s the same.

Beneficiaries that work alongside an insurance broker will have access to different coverage options each year. This allows you to change policies and keep rates low, year after year.

Final Expense Life Insurance

Whole life insurance protection at a level that fits any budget. Policy options ranging from Preferred, Standard or Graded and all build cash value. Issue amounts as low $3000.

They also offer Level Term Life Insurance and Single Premium Whole Life Insurance.

Cancer Care Solution

Cancer coverage provides flexible benefits to help insured persons maintain their current lifestyle, without eating up savings. Considering cancer attacks more than 1 in 3 adults, added protection brings peace of mind.

Cancer Care Solution benefits are paid directly to the insured. They can offset medical expenses, buy groceries or satisfy any other need.

Short-Term Care

While this plan does provide limited coverage, the policyholder can determine the benefits level. Optional coverage riders are available to enhance your protection. They offer a 10% household premium discount for qualified applicants.

Hospital Indemnity

They offer a hospital indemnity plan that pays benefits directly to the insured unless otherwise designated.

You choose the benefit period and benefit amounts ranging from $100 to $1500 in daily benefits for hospital confinement.

Optional riders are available through your licensed agent. They offer a 5% household premium discount for qualified applicants.

Bankers Fidelity Medicare Advantage & Part D

They do not offer Medicare Advantage or Part D prescription drug plans. However, we would be happy to assist you in comparing all the Part D policies available to you.

We can assist with comparisons on which one is best for you and why.

Compare Bankers Fidelity Medigap Plans Rates

We take pride in providing our clients with the best solutions available. Our licensed agents have the knowledge and training to help you plan for your future healthcare. Click here to compare rates and coverage options in your area.