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Bankers Fidelity Medicare Supplement Plans

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 Medigap Open Enrollment Period, this gives you Guarantee Issue 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

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”.

Bankers Fidelity 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 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.

Bankers Fidelity 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.

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.

Bankers Fidelity 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 the rates for Plan F by 6% in Texas, 3% for Medicare Plan F in Florida, and 1% in North Dakota for the same. The statewide increases are plan-specific; so, Bankers Fidelity increases the premiums of everyone who has Plan F in each state at the same percentage.

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. The issue amounts to as low $3,000.

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.


Does Bankers Fidelity offer Medicare Advantage plans?
No, Bankers Fidelity does not offer Medicare Advantage plans at this time
Does Bankers Fidelity offer Medicare Part D plans?
No, Bankers Fidelity does not offer Part D plans at this time.
Is Bankers Life a good company?
Bankers Life is a reputable carrier and has been in business for decades.

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Jagger Esch

Jagger Esch is the Medicare expert for MedicareFAQ and the founder, president, and CEO of Elite Insurance Partners and Since the inception of his first company in 2012, he has been dedicated to helping those eligible for Medicare by providing them with resources to educate themselves on all their Medicare options. He is featured in many publications as well as writes regularly for other expert columns regarding Medicare.


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