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March 18, 2021
Which Medicare Supplement Insurance Company Is the Best?

Which Medicare Supplement Insurance Company Is the Best?

When shopping for a Medicare Supplement plan, there are dozens of different companies to choose from. How do you know which Medicare Supplement insurance company is the best?

Medicare Supplement Plan Benefits Are the Same From Company to Company

To start things off, you need to know that all Medicare Supplement plans are standardized by the government. That means a Plan G is a Plan G, regardless of which company you buy it from.

For example, if you compare a Plan G from Aetna with a Plan G from Mutual of Omaha, the only difference between the two is the premium you pay. The benefits are exactly the same, which makes price shopping a lot simpler.

Compare Underwriting, or Health Questions

The only other difference between companies is their underwriting, or the health questions they ask when you apply for coverage.

This won’t affect you if you’re signing up for Medicare for the first time, because you don’t have to answer those health questions. However, if you want to switch coverage later on, you will need to go through underwriting.

We will help you determine which companies are the best for you based on your health conditions or prescription drug list.

How to Choose the Best Medicare Supplement Company

When we are looking for the best Medicare Supplement company for you, we’re mostly looking at who has the best rate in your area. Rates are different in each zip code, and your age also impacts the pricing. A 65-year-old has a lower rate than a 70-year-old, for example.

So, in sum, there’s really no “best” company. But there is a “best” company for you. Your most competitive Medicare Supplement will depend on your zip code, your age, and possibly your health if you need to answer health questions to apply for coverage.

Related article: Do You Have to Renew Your Medicare Supplement Every Year?

Our Favorite Medicare Supplement Companies

Depending on where you live, my current favorite Medicare Supplement companies include:

  1. Accendo/CVS Health (an Aetna affiliate)
  2. CSO
  3. Mutual of Omaha
  4. Lumico
  5. USIC
  6. Manhattan Life

These companies have a lot to offer, including:

  • Great premium rates (depending on where you live)
  • Household discounts
  • Easy e-Applications, making it easier to serve you remotely
  • Great customer service

Conclusion

There you have it! The best Medicare Supplement company really comes down to what's the most competitive in your area. To find out which company has the most competitive pricing for you, give us a call at 833-801-7999.

Luke Hockaday
By
Luke Hockaday
Luke Hockaday is a Customer Success Rep here at Medicare Allies. Luke has been helping Medicare-eligible clients with their insurance and retirement-planning needs since 2011. Luke is passionate about 3 things, and 3 things only: senior insurance, football, and food!

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