Which Supplemental Medicare Plans does Assured Life sell in Louisiana?
Assured Life Association writes 12 of the standardized Louisiana 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 Assured 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.
SAVINGS OPPORTUNITY: Assured Life offers Medicare SELECT plan policies in some areas of Louisiana. A Select plan is a Medigap policy that requires you to use specific hospitals and, in some cases specific doctors, to get the full financial benefit of the plan. A Medicare SELECT plan pays the Medicare Part A inpatient deductible when you use a network hospital or if you use a non-network hospital for emergency care. Otherwise, you pay the inpatient deductible. Other than that it's the same as the standard Medigap plan.
Assured Life Medigap Plan Benefits Comparison Chart
The following table shows what each Assured Life Medigap plan covers:
REVIEW: Assured Life Medicare Supplements in Louisiana
Assured Life scored 3.0 out of 5.0 based on our scoring method. See the top 10 competition.
Here are the pros and cons from our analysis:
- More than 10 years in the Medicare Supplements business.
- Offers Medicare SELECT plans.
- Uncompetitive Plan F premium.
- Unknown financial strength (no A.M. Best rating).
- Does not offer the 5 most popular plans.
- Charges a fee to write the policy.
About This Review
We reviewed Assured Life's Medigap plan offering in Louisiana 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.