Americo Life Medicare Supplement Plans, South Dakota
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 Medigap Policies Does Americo Life Sell in South Dakota?
Americo Financial Life and Annuity Insurance Company sells 4 Medicare supplements in South Dakota. Each lettered plan pays Medicare benefits differently (see comparison chart or check out our review). Here they are at a glance:
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 South Dakota
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 South Dakota. 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 Medicare supplement plan offering in South Dakota 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.
Americo Life Medigap Plan F vs. Competition
Medicare Supplement F is the most popular plan sold in South Dakota. 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 South Dakota beneficiaries, ages 65 and older, who have enrolled in both Medicare Part A and Part B.
If you are just turning age 65, you have guaranteed issue rights and cannot be turned down by Americo Life. Once issued, your Medicare Supplement policy can't be canceled. And, it will automatically renew for as long as you continue to pay the premiums and make no material misrepresentations.
Before choosing a Medicare Supplement carrier, be sure to get the Americo Life Medigap rate increase history in South Dakota. The lowest rate now may not be the lowest rate in the future.
Availability
Americo Life services Medicare supplement insurance in Sioux Falls, Rapid City, Aberdeen, Brookings, Watertown, and most other South Dakota 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 South Dakota with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?