Top Ten Medicare Supplement Insurance Companies

Top 10 Medicare Supplement Insurance Companies

Top 10 Medicare Supplement Insurance Companies in 2020

medicare supplement insurance companies

Senior Healthcare Direct put together a list of the top 10 Medicare Supplement (Medigap) insurance companies to help you compare and find a Medigap plan with the coverage and benefits you need in 2020. Original Medicare only cover 80% of Part A and Part B. Medicare supplement plans cover the remaining 20%. All Medicare Supplement plans pay your Part A (hospital) coinsurance costs. In addition, most Medigap Plans pay your Part B (medical) coinsurance costs except for plans K and L.

In addition to coinsurance benefits, Medicare Supplement (Medigap) plans pay your Part A and/or Part B deductibles. For example, Medigap plans B, C, D, F, G, and N pay your Part A deductible $1408 in 2020. Furthermore, Medigap plans C and F pay your Part B deductible $198 in 2020. However, if you are newly enrolled in Medicare after January 1, 2020, these Medigap plans C and F will not be available to you. As a great alternative, Senior Healthcare Direct recommends people new to Medicare consider plan G.

Medigap Plans are Standardized for all insurance companies

All Medicare Supplement insurance companies provide the same standardized benefits based on your plan letter. For example, Medigap Plan G benefits are the same for all Medigap insurance carriers. Thus, you can compare Plan G prices among two or more insurance companies and your Medicare benefits will be the same. As a result, most people choose the lowest premium when comparing insurance carriers because they all have the same coverage benefits.

Coverage Differences among Medicare Supplement Insurance Companies

There are two coverage differences between Medigap insurance companies. First, different Medigap Plans are offered by different Medigap companies. For example, Aetna only offers Medigap plans A, B, F, G, and N. However, United Healthcare (AARP) offer the same Medigap Plans plus plans K and L. The second difference is number of State Medigap insurance companies service. For example. Aetna services 42 states and United Healthcare (AARP) services 50 states.

The chart below lists the top Medicare Supplement Insurance Companies including the available Medigap plans and number of states served. You can use this chart to help select the companies who offers the Medigap plan with the coverage and benefits you need in 2020.

Top 10 Medicare Supplement Insurance Companies

The following list of Medigap insurance companies are in no particular order. Some of these Medicare providers may or may not be in your state.

medicare supplement insurance companies

Most Important Difference Between Medicare Providers

The most important difference and the biggest benefit of working with a Medicare insurance broker like Senior Healthcare Direct is price. All Medicare providers listed in our top 10 offer Medigap Plan F. However, each Medicare provider will have a different price for the same Plan F coverage. Thus, a huge benefit of working with Senior Healthcare Direct is you can compare prices of all Medicare carriers in your state for the Medigap plan you want. For example, you may consider the cost savings and great coverage of Medigap Plan G. When we compare Medicare Supplement companies, you may find Manhattan Life has the lowest Plan G price. Senior Healthcare Direct can help you compare Medigap plans and save money. Get your Free Quote.

Aetna in 2020

Aetna is one of the largest insurance providers in the U.S. It was founded 167 years ago in 1853. So if you like a company with a solid history, then Aetna may be a good choice. Medicare was enacted by congress in July 1965 and Aetna paid its first Medicare claim the following year in 1966.

The company has been listed on the New York Stock Exchange (NYSE) since 1968. So you can buy Aetna stock ticker AET and invest in this company. In 2020, Aetna’s financial strength is rated A (excellent) with stable outlook by AM Best. So if you want a financially strong insurance carrier, then Aetna is a great choice.

You can shop Aetna Medicare Supplement Insurance plans with Medicare insurance broker Senior Healthcare Direct by calling 1-855-368-4717.

aetna logo

Anthem Blue Cross in 2020

Anthem Blue Cross offers an exclusive Sydney Health app to make it easier to find the care your need and manage your benefits. Using the app you can view digital ID cards, check claims and download medical records. So if you want a health insurance provider that uses the latest in technology, then you should consider Anthem Blue Cross. Compared to other insurance carriers on our top ten list, Anthem Blue Cross offers the least geographical coverage area. You can get Anthem Blue Cross in only the following 14 States:

Athem Blue Cross Blue Shield logos
  • California
  • Colorado
  • Connecticut
  • Georgia
  • Indiana
  • Kentucky
  • Maine
  • Missouri
  • Nevada
  • New Hampshire
  • New York
  • Ohio
  • Virginia
  • Wisconsin

Anthem Blue Cross is headquarterd in Indianapolis, Indiana. It is an independent licensee of the Blue Cross and Blue Sheild Association. You can shop Anthem Medicare Supplement Insurance plans with Medicare insurance broker Senior Healthcare Direct at 1-855-368-4717.

Bankers Fidelity in 2020

You can get customer service and claims support from Bankers Fidelity’s headquarters in Atlanta, GA. Bankers Fidelity’s line of health insurance products include:

  • Medicare Supplement Insurance
  • Short-Term Care Insurance
  • Final Expense Life Insurance
  • Lump-Sum Cancer Insurance
  • Hospital Indemnity Insurance

Since 1955 (for the last 65 years), Bankers Fidelity has supplied individuals and seniors with insurance products and responsive service. Their mission statement: “We sincerely believe that our policyholders deserve the best protection and have made it our mission to provide them with outstanding, customer-focused insurance products, value and service for more than 60 years.” In 2019, AM Best affirmed the financial strength rating of A- (Excellent) of Bankers Fidelity. 

You can shop Bankers Fidelity Medicare Supplement Insurance plans with Senior Healthcare Direct at calling 1-855-368-4717.

Cigna in 2020

cigna logo

Cigna is a global health service company with more than 170 million customer and patient relationships in more than 30 countries and jurisdictions. With a global workforce of more than 74,000 employees, Cigna is dedicated to their mission of being champions of customers and communities each and every day. Cigna is rank #65 on the 2019 Fortune 500 List and has committed $25 million to Cigna Foundation to Healthier Kids for our Future.

This American worldwide health services organization is based in suburban Bloomfield, Connecticut and Philadelphia, Pennsylvania. Cigna is listed on the NYSE under stock ticker CI. It is parent company to Express Scripts, Healthsprings, Inc., and CareAllies, LLC. You can shop Cigna Medicare Supplement plans at Senior Healthcare Direct at 1-855-368-4717.

Humana in 2020

humana logo

Humana was founded in 1961, making it only 59 years old and younger than all seniors on Medicare in 2020. In 2019, Humana ranked 56 on the Fortune 500, with $56.9 billion in revenue. With headquarters in Louisville, Kentucky, Humana operates three business segments: retail, Group, and Healthcare Services.

The retail segment includes HumanaPharmacy.com, where members can get “medicine mailed to the location of your choice.” Humana Group offers employers medical, dental, and vision plans. Moreover, Humana offers Group life, and Medicare plans for retirees. Finally, Humana offers Medicare Advantage, Part D, and Supplement plans. You can shop and save on Humana Medicare Supplement plans at 1-855-368-4717.

Manhattan Life in 2020

Manhattan Life logo

Manhattan Life founded in 1850 by Alonzo Alvord, making it 170 years old. This company is the oldest on our list and three years older than Aetna. Since 2000, David Harris, CEO, took new ownership of Manhattan Life. The company’s headquarters is in Houston, Texas. It is a privately held company, therefore not publicly traded. 

AM Best rates the financial strength of Manhattan Life B+ (Good) in a news article from 2013. However, more recently AM Best’s rates Manhattan Ins Group in the Top 200 U.S. Life/Heath Insurers in 2019. Last year its ranking went up from #119 to #112. 

You can shop Manhattan Life Medicare Supplement Insurance plans with Medicare insurance broker Senior Healthcare Direct by calling 1-855-368-4717.

Mutual of Omaha in 2020

mutual of omaha logo

Mutual of Omaha is a Fortune 500 company based in Omaha, Nebraska. In contrast to Aetna and other stock insurance companies, Mutual of Omaha is a mutual insurance company. The policy holders of Mutual of Omaha own the company in its entirety. As a result, any profits earned by Mutual of Omaha are either retained by the company or paid to you (policy holders) in the form of dividend distributions or reduce future premiums.

However, in 1998 all of the membership interests of Mutual of Omaha Insurance Company was extinguished. Consequently, such members became member of the Mutual Holding Company. After this reorganization, the Mutual Holding Company will not be permitted to pay dividends. For example, you will not receive distributions or payments of income or profits. As a result, you receive no financial benefit from being a Mutual of Omaha policy holder.

On January 24, 2020 Bloomberg reported AM Best financial strength rating is A+ (Superior) and long-term issuer credit rating is aa- for Mutual of Omaha. Thus, if you want a financially strong insurance carrier with a stable credit rating, then Mutual of Omaha is a great choice. You can shop Mutual of Omaha Medicare Supplement plans at Senior Healthcare Direct by calling 1-855-368-4717.

State Farm in 2020

StateFarm logo

Medicare Supplement insurance is available through State Farm Mutual Automobile insurance company founded on June 7, 1922 with headquarters in Bloomington, IL. The company has over 56,000 employees. It is both the largest auto insurance and property and casulty insurance provider in the United States. State Farm is ranked 36th in the 2019 Fortune 500 List.

State Farm offers Medigap Plans in 46 states. However, not all Medicare supplement plans are available in all states. Find out what each State Farm Medicare Supplement plan covers, then shop and save at Senior Healthcare Direct by calling 1-855-368-4717.

UnitedHealthcare in 2020

UnitedHealthcare logo

Unitedhealthcare is the nation’s largest healthcare company in the world by revenue. You most likely heard of UnitedHealthcare. It’s ranked 6th on 2019 Fortune 500. It’s a public company traded on the NYSE under UNH. AM Best financial strength rating is A (Excellent) and long-term credit rating is a- for UnitedHealthcare. So if you like the security of a huge health insurance company with a strong financial rating, then UnitedHealtcare is an excellent choice.

Unitedhealthcare provides health insurance for businesses small and large. Before you retired, you may have had an employer group insurance plan with UnitedHealthcare. You may also have experienced UnitedHealthcare’s innovative, easy-to-use tools to help manage your health plan costs. For example, health care services such as online doctor visits and Care24 gives employee more options for taking care of their health. Thus, if you want to be insured by the largest health insurance company in the United States, then UnitedHealthcare is a great choice.

You can shop UnitedHealthcare Medicare Supplement plans at Senior Healthcare Direct by calling 1-855-368-4717.

Transamerica in 2020

Transamerica logo

A.P. Giannini founded this holding company in 1928. Transamerica is a privately held American holding company for various life insurance companies and investment firms in the United States which offer life and supplemental health insurance, investments, and retirement services. In July 1999, Transamerica CEO Frank C. Herringer announced that Aegon, a Netherlands-based insurer, would acquire it. Aegon is the multinational life insurance, pensions, asset management parent company of Transamerica. 

Transamerica is rated A by AM Best in a report dated November 7, 2019. It offers Medicare Supplement Plans in 50 States. Find out what each Transamerica Medicare Supplement Plan covers, then shop Medigap plans at Senior Healthcare Direct by calling 1-855-368-4717.

Better Customer Service with a Medicare Insurance Broker

How quickly can customer service resolve your issues? When you call a huge insurance provider like UnitedHealthcare, you may be transferred multiple times before you finally speak with someone who can help. However, when you purchase a Medicare Supplement plan thorough a Medicare insurance broker such as Senior Healthcare Direct, any member of our support team can help resolve your issue. When we take your call, you will not be transferred around. A member of our dedicated customer support team can help you fix billing errors, write Medicare appeals, and solve pharmacy exceptions when you can’t get your medications.

Watch the Coffee with MedicareBob video with guest Sue Wagner from our customer support team.

In this video interview with Robert Bache, owner of Senior Healthcare Direct, guest Sue Wagner explains how she “does a three-way call” with a client’s insurance carrier. Our customer support helps prevent you from paying for two Medicare plans at the same time. Thus, we help cancel the old policy with your current provider when you switch to a different provider.

It’s easy to shop and save on Medicare Supplement plans. Click the get quote button below to compare prices of Medicare Supplement companies in your area.

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