Americo Life Medicare Supplement Plans, Illinois
This page contains editorial content that is not endorsed or approved by Americo Financial Life and Annuity Insurance Company [2]. This is not a solicitation of insurance.
| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | A |
| A.M. Best Outlook: | Stable |
| S&P Rating: | |
| Established: | 2015 |
| NAIC Number: | 61999 |
| Policy Fee: | None |
What Medicare Supplements does Americo Life Offer in Illinois?
Americo Financial Life and Annuity Insurance Company offers 4 of the standardized Medigap policies in Illinois. 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.
Call 1-855-728-0510 (TTY 711) for plan assistance.
If you qualify for Medicare and don't know where to start, MedicareEnrollment.com, an independent HealthCompare insurance broker, has licensed agents who can help you with your Medicare enrollment options.
The following table shows what each Americo Life Medigap plan covers:
REVIEW: Americo Life Medicare Supplements in Illinois
Americo Life scored 4.0 out of 5.0 based on our scoring method. Although they have less than 10 years experience servicing Medicare Supplements, Americo Life has a top 10 Plan F premium and a strong financial rating from A.M. Best. We also appreciate that they don't charge a policy fee. They might be relatively new in the business, but they are financially strong and have good rates, so we feel they are one of the better options for Illinois seniors. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Highly competitive Plan F premium.
- Excellent financial strength.
- No charge for writing the policy.
Cons
- 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 Medicare supplement plan offering in Illinois versus all other insurance 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.
Competition vs. Americo Life Plan F
Medicare Supplement F is the most popular plan sold in Illinois. The following table shows how Americo Life stacks up with the competition.
Contact Americo Life Medigap Sales
For more information about this Medicare Supplement carrier, and other plans on this site, call 1-855-728-0510 (TTY 711). You may also start your Medicare Supplement enrollment online. You can contact the plan directly at:
For assistance 24 hours a day, call 800-633-4227. TTY users should call 877-486-2048 or visit www.medicare.gov. If you qualify for Medicare but have not yet enrolled or verified your enrollment status, you can do so on the Social Security Administration website.
Eligibility
Americo Life Medicare Supplements are available to all Illinois beneficiaries, ages 65 and older, who have enrolled in both Medicare Part A and Part B.
If you are within your first six months of Medicare enrollment, you have guaranteed issue rights and cannot be turned down. Americo Life is required to issue the Medicare Supplement policy of your choice. So long as you make no material misrepresentations and pay your premiums, your policy cannot be canceled.
Before choosing an insurance company, be sure to get the Americo Life Medicare Supplement rate increase history in Illinois. This is the best way to predict future rate increases.
Availability
Americo Life services Medicare supplement insurance in Chicago, Naperville, Elgin, Aurora, Rockford, Joliet, Springfield, Peoria, Waukegan, Cicero, and most other Illinois cities.
Related Medicare Supplement Insurance Topics
- Do I really Need Supplemental Insurance with Medicare??
- Is Medicare Plan G Better Than Plan F?
- What is the Average Cost of Supplemental Insurance for Seniors?
On this page our goal is to help consumers: Compare Americo Life Medigap plans in Illinois with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?