For almost 50 years Gerber Life Insurance Company has given high-quality insurance to policyholders. Most people recognize Gerber as a baby food company or as a life insurance company for child policies.
While Gerber is known for other things, they’re a stable insurance company that offers a variety of insurance policies. Gerber Medigap policies are some of the most competitive plans in the nation.
Insurance companies that cover multiple lines of coverage are strong, stable companies. The mission of Gerber Life is to be a company people trust
Any Gerber Life Medigap insurance policy will provide stability for seniors, filling the gap that Medicare doesn’t cover. The best time to enroll is during your Medigap Open Enrollment Period, this time is when you’ll have Guaranteed Issue Rights.
GI rights allow you to enroll in coverage without fear of denial or paying higher premiums due to pre-existing conditions.
Gerber Life Medigap Plans & Benefits
Medicare Supplement plans were standardized by the government in 1990 to make it easier for consumers to compare plans.
Gerber Life Insurance offers all 10 plan options in select areas, they even offer the Medicare Select versions of some of these plans.
To qualify for a Gerber Life Medigap plan you must be at least 65 years old and currently or pending enrollment in Original Medicare Part A and B.
Avoid a late enrollment penalty by signing up when first eligible; during the seven-month period around your 65th birthday.
Also, if you have employer insurance when you turn 65, enroll in Part B within six months of the date when the employer coverage ends.
In some states, you may be eligible to enroll in a Gerber Life Medigap Plan if you’re under 65 and receiving Social Security disability.
Gerber Medigap Plan F
Plan F has been one of the most popular and frequently bought Medigap policies on the market. Beneficiaries love having the most comprehensive plan currently available.
Plan F covers all the gaps in Medicare and more.
With Plan F, there are no out of pocket medical expenses for services from Medicare physicians.
Plan F tends to be one of the higher costing plans, it does offer first-dollar coverage though.
Many people would rather pay a bit more in premiums, to avoid paying out of pocket for medical bills when they see a doctor or receive treatments.
When you go to choose a plan, you should ask yourself; “Do I want the most comprehensive coverage or the best value?”
This will help you decide which plan will be the best option for you.
Gerber Medicare Supplement Plan G
Plan G has become an incredible alternative to the more famous Plan F.
Gerber Life Medicare Plan G offers the second most coverage between all supplemental plans. This plan covers everything that Plan F covers except for the Part B deductible.
While out of pocket expenses can seem like a reason to run, the amount of money you can save in premiums is typically more than the Part B deductible.
The Plan G offers comprehensive benefits with a lower premium than Plan F. To make this policy even more appealing, the rate increases for Plan G tend to be much lower than the increases for Plan F.
Medigap Plan N
One of the most popular Medicare Supplement plans is Plan N. Although, Plan G and Plan F are the most popular option, Plan N is the third-best option.
You already know that Plan F has the highest monthly premium and the most comprehensive coverage.
Plan N usually has a lower premium than Plan F or Plan G. Plan N covers everything that Plan F covers; except the Part B deductible and Part B excess charges. Additionally, Plan N has copayments for doctors and emergency room visits.
The copayment for doctors’ visits is $20 and the emergency room it’s $50. Aside from the out of pocket expenses, Plan N could save you quite a bit on monthly premiums.
June 2010 marks the beginning of Plan N, it’s relatively new next to other Medigap plans. It offers quite a bit of coverage for a lower premium option.
Gerber Rate Increases
Just like all the other Medigap insurance companies, Gerber has annual rate increases. Most people want to know how much the increase will be; however, that’s a rate we just can’t predict.
A rate increase happens at the state level and each company, as well as plan, has a different increase. So many factors are at work that it’s impossible to make an accurate prediction.
However, working with an insurance agent can save you time. Our brokers are highly educated in the Medicare space and they know the ins and outs of the
Gerber Life Part D and Medicare Advantage Plans
Currently, there are no Medicare Advantage plans or Part D Prescription drug plans offered by Gerber Life Insurance.
Gerber Life Medicare Supplement Reviews & Ratings
Gerber Life offers high-quality Medicare Supplemental coverage, will it be the best coverage for you? That will depend on your age, gender, tobacco usage, zip code, and your eligibility for discounts.
Gerber has grown to be one of the most recognized name-brand insurance companies in the world. Additionally, they are currently owned by the Nestle Company.
A.M. Best has given them an A rating, meaning they are an excellent company.
Medigap plans pay in a timely fashion since Medicare oversees approvals for claims. Medicare pays its part and the Medigap policy pays its share.
Many seniors worry about the customer services they’ll receive with their coverage. Additionally, MedicareFAQ services the policy for you; so, you have access to all the top carriers and the best client care team.
Many clients say they had an easier time working with an agent on an issue than they did try to work alone.
How to Apply for a Gerber Medicare Plan
For more information on how to enroll in Gerber Life Insurance Medicare Supplement insurance plans online, contact us today by phone. Or, complete the online rate form to see a side by side comparison of Gerber Life Insurance Medicare Supplement rates in your area.
Beneficiaries that have recently lost Medicaid coverage are eligible for Medigap coverage with GI rights in Kansas, Maine, Oregon, Tennessee, Texas, Utah, and Wisconsin.
Also, our insurance agents are experts in Medicare and they’re ready to lead you in the right direction. Let’s discuss Medicare enrollment, options for coverage, and premium desires; then we can create suitable coverage.