Bankers Life and Casualty Company Medicare Supplement Plans, New York
This page contains editorial content that is not endorsed or approved by Bankers Life Insurance Co.[2]. This is not a solicitation of insurance.
| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | B |
| A.M. Best Outlook: | Positive |
| S&P Rating: | |
| Established: | 1998 |
| NAIC Number: | 81043 |
| Policy Fee: | None |
What Medicare Supplements does Bankers Life and Casualty Company Offer in New York?
Bankers Life Insurance Co. offers 9 of the standardized Medigap policies in New York. Each Medigap plan offers a different range of coverage (see comparison chart or check out our review). Here's a quick look at Bankers Life and Casualty Company's offering:
Community Rated Medigap Plans: When a plan is "Community Rated" the community will all be charged the same monthly premium if enrolled in the same plan. As an example, if you enroll at age 65 or 72 you would be charged the same amount. Premiums will increase, but your age will not be a factor.
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.
Bankers Life and Casualty Company Medigap Plan Benefits Comparison Chart
The table below outlines the coverage of each Bankers Life and Casualty Company Medicare Supplement:
REVIEW: Bankers Life and Casualty Company Medicare Supplements in New York
Bankers Life and Casualty Company scored 4.0 out of 5.0 based on our scoring method. Bankers Life and Casualty Company has a good Plan F rate (top 10), and they have been servicing Medicare Supplements for 22 years, but their A.M. Best financial rating is unknown or not great. Consequently, we cautiously recommend this carrier to New York seniors. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Competitive Plan F premium.
- More than 20 years in the Medicare Supplements business.
- No charge for writing the policy.
Cons
- Fair financial strength.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
About This Review
We reviewed Bankers Life and Casualty Company's Medicare supplement plan offering in New York 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.
Bankers Life and Casualty Company Medicare Supplement Plan F Compared to Top Ten
Medigap Plan F is the best selling plan sold in New York. Below you can compare Bankers Life and Casualty Company's starting rate on Plan F vs. their top ten competitors.
Contact Bankers Life and Casualty Company 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
Bankers Life and Casualty Company Medigap plans are available to all New York Medicare beneficiaries, ages 65 and older, who have enrolled in Medicare Part A and Medicare Part B.
If you are within your first six months of Medicare enrollment, you have guaranteed issue rights and cannot be turned down. Bankers Life and Casualty Company 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.
Availability
Bankers Life and Casualty Company services Medicare supplement insurance in Buffalo, Niagara Falls, Rochester, Albany, Schenectady, Troy, Syracuse, Yonkers, New Rochelle, Mount Vernon, Utica, Binghamton, New York, and most other New York 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 Bankers Life and Casualty Company Medigap plans in New York with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?