Americo Life Medicare Supplement Plans, Rhode Island
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 Rhode Island?
Americo Financial Life and Annuity Insurance Company offers 4 different Medigap plans in Rhode Island . Each plan covers the gaps in Original MedicareOriginal Medicare is private fee-for-service health insurance for people on Medicare. It has two parts. Part A is hospital coverage. Part B is medical coverage. differently (see comparison chart or check out our review). Here's what Americo Life offers:
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 table below outlines the coverage of each Americo Life Medicare Supplement:
REVIEW: Americo Life Medicare Supplements in Rhode Island
Americo Life scored 3.5 out of 5.0 based on our scoring method. Although they have less than 10 years experience servicing Medicare SupplementsMedicare Supplements are additional insurance policies that Medicare beneficiaries can purchase to cover the gaps in their Original Medicare (Medicare Part A and Medicare Part B) health insurance coverage., 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 Rhode Island seniors. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- 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 SELECTMedicare SELECT is a type of Medigap policy (Medicare supplement plan) that requires its members to get their primary care from a contracted provider. plans.
- Does not offer the 5 most popular plans.
About This Review
We reviewed Americo Life's Medicare supplement plan offering in Rhode Island 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 premiumsA premium is an amount that an insurance policyholder must pay for coverage. Premiums are typically paid on a monthly basis. In the federal Medicare program, there are four different types of 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.
Americo Life Medigap Plan F vs. Competition
Medigap Plan F is the best selling plan sold in Rhode Island. Below you can compare Americo Life's starting rate on Plan F vs. their top ten competitors.
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 Rhode Island beneficiaries, ages 65 and older, who have enrolled in both Medicare Part AMedicare Part A is hospital coverage for Medicare beneficiaries. It covers inpatient care in hospitals and skilled nursing facilities. It also covers limited home healthcare services and hospice care. and Part BMedicare Part B is medical coverage for people with Original Medicare benefits. It covers doctor visits, preventative care, tests, durable medical equipment, and supplies. Medicare Part B pays 80 percent of most medically necessary healthcare services..
If you are just turning age 65, you have guaranteed issue rightsGuaranteed-issue is a right granted to Medicare beneficiaries and applies to Medicare Supplement insurance (aka, Medigap plans). All states and the federal government enforce this essential right, which protects Medicare beneficiaries from medical underwriting. and cannot be turned down by Americo Life. Plus, your policy cannot be canceled and it will continue to be renewed as long as you pay the premiums on time and make no material misrepresentations.
Availability
Americo Life services Medicare supplement insurance in Cranston, Providence, Warwick, Pawtucket, Woonsocket, Coventry, and most other Rhode Island 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 Rhode Island with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?