Back in 1990, Congress passed a law the Omnibus Budget Reconciliation Act. The new law required all Medicare supplement lettered plans to conform to predetermined benefits according to the letter of the plan. This means that Medigap plans are identical from company to company. Any company that offers a Plan G or Plan N, or any lettered plan, must by law offer the exact benefits assigned to that letter by the government. This made it easier to comparison shop for the best Medicare supplement plan.
Even with many companies offering identical coverage, most consumers look to the big-name brands that they are familiar with – UnitedHealthcare, Aetna, Cigna, Mutual of Omaha. But there are more important factors to consider when looking for the best Medicare supplement plan for your situation. Those factors include:
- Price
- Rate stability and history of increases
- Financial ratings
- Customer service and claims departments
See our article on Why Your Medigap Company’s Financial Ratings Matter
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Recommended Well-Known Medigap Companies
Here is a listing of a few of the well-known companies we work with and recommend. Click on the link on each name for an in-depth review:
- Mutual of Omaha
- Cigna
- Humana
Aetna– Due to recent events, we are withholding our endorsement of Aetna at this time
These companies spend a lot of money on advertising. You have likely seen them all over the place for years. You may have even had coverage under some of their group plans with an employer in the past.
Recommended Lesser-Known Medigap Companies
There are many other companies that should not be overlooked when considering the best Medicare supplement plan and company. These companies are financially strong and, as mentioned before, the coverage is identical to the plans from the bigger name companies.
Here are a few of the lesser-known companies we work with. We consider these to be some of the best Medicare supplement companies available, but you just may not have heard of them before.
- Manhattan Life
- GPM Health and Life
- New Era Life / Philadelphia Life
Finding the Best Companies for Medigap
We get asked often if we represent all of the available companies in a particular area. While we do offer most companies, we have found that some companies do not meet our high standards on their rate increase history or customer service. We only want the best for our customers. We are contracted with over 30 of the best Medicare supplement companies in the United States.
Our Recommendation
The top three companies that we recommend in our office are below. We recommend them because we have had a positive experience with their stability and customer service over many years. We can help you enroll in these companies over the phone, but for your convenience, two of these companies at the links below provide the option to get a price for your area and to enroll online.
Mutual of Omaha
If you enroll online, Integrity Senior Solutions and Keith Murray will be your independent agent to help with any issues. There is no difference in premium if you go directly to an insurance company or enroll through our agency links. However, you get all the benefits of having an independent agent work for you.
When you enroll through our agency – which costs you nothing – we will be here when you need help down the road. Whether you need a replacement ID card or help with a claim or any other issue, you don’t have to call the insurance company and wait on hold. We do that for you. It is one of the many benefits of having an independent insurance agent who works for you, not the insurance company.
See our article and video on How an Independent Agency Brings Great Value For No Additional Cost
There are many very strong, very well-known companies that have a long history, including reasonable rate increases from year to year. If you have a history of or have been diagnosed with a chronic health condition, you will want to find a company that fits that criteria for long-term rate stability. Even if they are a few dollars more in the beginning, in the long run, it could save you substantially.
Call Stanley Keith Murray today at 888-228-6119 or use the form to send us a quick message!