American Retirement Life Medicare Supplement Plans in Alabama
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| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | A- |
| A.M. Best Outlook: | Stable |
| S&P Rating: | n/a |
| Established: | 2013 |
| NAIC Number: | 88366 |
| Policy Fee: | $20.00 |
Which Medicare Supplement Plans does American Retirement Life sell in Alabama?
American Retirement Life Insurance Co (a Cigna company) writes 4 of the standardized Alabama Medicare supplemental insurance plans. Each Medigap plan offers a different range of coverage (see Comparison Chart or check out our Review). Here's a quick look at American Retirement Life's offering:
Attained Age Rated Medigap Plans: With this plan rating type your monthly premium is based on your current age. As you age your premium will increase. As an example, if you enroll in a Medigap policy at age 65 with a premium of $120, it may increase to $138 when you turn 69, and $162 at age 72. Also, Attained Age rated plans may increase with inflation.
American Retirement Life Medigap Plan Benefits Comparison Chart
The following table shows what each American Retirement Life Medigap plan covers:
Medigap Plan Benefits
| Benefits | A | F | G | N |
|---|---|---|---|---|
 Part A Deductible | No | Yes | Yes | Yes |
| Part A Co-insurance | Yes | Yes | Yes | Yes |
| SNF Co-insurance | No | Yes | Yes | Yes |
| Part B Deductible | No | Yes | No | No |
| Part B Co-insurance | Yes | Yes | Yes | Yes |
| Excess Charges | No | Yes | Yes | No |
| Foriegn Travel | No | 80% | 80% | 80% |
| Out-of-Pocket Limits | No | No | No | No |
REVIEW: American Retirement Life Medicare Supplements in Alabama
American Retirement Life scored 3.0 out of 5.0 based on our scoring method. American Retirement Life has a good financial rating from A.M. Best, but their Plan F is not in the top 10 best rates and they have less than 10 years experience servicing Medicare Supplements. Plus, they ding you with a $20.00 policy fee. We are confident in their financial strength, but feel there are better options in Alabama. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Excellent financial strength.
Cons
- Uncompetitive Plan F premium.
- Fewer than 5 years in the Medicare Supplements business.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
- Charges a fee to write the policy.
About This Review
We reviewed American Retirement Life's Medigap plan offering in Alabama versus all other carriers in the state. Our review is unbiased. We use a formula that looks at years in business, A.M. Best financial strength rating, plans serviced, plan premiums and fees. We do not take into account rate increase history. Our goal is to present information accurately and without bias, based on our interpretation of factual information about each carrier.