Americo 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: | |
| Established: | 2015 |
| NAIC Number: | 61999 |
| Policy Fee: | None |
Which Medicare Supplement Plans does Americo Life sell in Alabama?
Americo Financial Life and Annuity Insurance 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 Americo 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.
Americo Life Medigap Plan Benefits Comparison Chart
The following table shows what each Americo 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: Americo Life Medicare Supplements in Alabama
Americo Life scored 3.5 out of 5.0 based on our scoring method. Americo 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. 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.
- No charge for writing the policy.
Cons
- Plan F premium not in top 10 best.
- Fewer than 5 years in the Medicare Supplements business.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
About This Review
We reviewed Americo 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.