Great carriers with affordable rates for Medicare Supplement Plans
TweetFor Medicare Supplement plans, there are three carriers who have the best rates: AARP, Mutual of Omaha plus their subsidiaries, and ANTEX. Below is a description of each plan and some examples of affordable rates that they offer.
AARP
AARP is the leading nonprofit, nonpartisan membership organization for people ages 50 and over in the United States and has approximately 39 million members. Some of the services AARP provides are informing members and the public on issues important to this age group, advocating on legislative, consumer and legal issues, promoting community service, and offering a wide range of special products and services to members including health insurance coverage.
Medicare covers many healthcare services and supplies but was never intended to cover all heath care costs. Medicare Supplement Plans (or Medigap) help you save on out of pocket costs. AARP Medicare Supplement Insurance Plan offers many benefits including freedom to choose your own doctors and see specialists without referrals, out-of-pocket savings, coverage wherever you travel, and the option to choose a plan that fits your needs and lifestyle. They have outstanding customer service, 99.7% of calls are resolved immediately. Additional services apart from the AARP Medicare Supplement Insurance Plan benefits that you receive are pharmacy savings, vision discounts, and a 24-hour nurse Healthline.
ANTEX
The American National Life Insurance Company of Texas (ANTEX), a major medical health insurance provider that markets to employer and association groups, is an affiliate of American National Insurance Company (ANICO), which is ranked among the largest life insurance companies in the United States. ANICO was founded in 1905 and they operate in North America, Latin America, and Western Europe. ANTEX has been recognized as “A+ (Superior)” by A.M. Best and “AA” by Standard and Poor’s.
Depending on what plan you choose (Plans A-L), you can get a variety of benefits. All of the plans offer basic benefits which include hospitalization, medical expenses, and blood services. From there on you can choose from plans that offer services such as skilled nursing facility, foreign travel emergency, at-home recovery, and preventive care.
Mutual of Omaha
Mutual of Omaha is a full-service, multi-line provider of insurance and financial services products, including Medicare Supplement Insurance. Few of their affiliates that carry affordable Medicare Supplement rates are United World Life Insurance Company (UW), United of Omaha (UOO), and Mutual of Omaha Companies (MOC).
Medicare supplement insurance policies must offer Plan A, basic benefits, but additional benefits, depending on the plan you choose, pay for Medicare Part B deductible, Medicare B excess charges, at-home recovery charges, and foreign travel emergency care.
Some example rates for a 65 year old female and non tobacco user include a United World Life Insurance Company rate of $114.20 for Alabama. If you were from Connecticut, rates include $257.39 for UOO and $194.73 for AARP which is Community rated, or guaranteed issue. If you are from Ohio, rates are as low as $101.54 from UOO. Rates depend on different demographics such as age and location so the above plans do not apply to everyone.
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