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Medigap Plans
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New York
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Bankers Life and Casualty Company

Bankers Life and Casualty Company Medicare Supplement Plans in New York

Bankers Life and Casualty Company Medigap Plans in 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.

Contact the Plan
MedicareWire Rating:
☆☆☆☆☆
A.M. Best Rating:B
A.M. Best Outlook:Positive
S&P Rating:
Established:1998
NAIC Number:81043
Policy Fee:None

For plan assistance, call 1-855-266-4865
or get your Free Medicare Supplement Rate Comparison via Email (learn more).

What Medigap plans does Bankers Life and Casualty Company offer in New York?

Bankers Life Insurance Co. offers 9 different Medicare Supplement Plans in New York. Each lettered plan pays Medicare benefits differently (see Comparison Chart or check out our Review). Here they are at a glance:

Plans Offered by Bankers Life and Casualty Company

Plan TypePremium[3]Rating TypeEffective
Medigap Plan A$266.30Community RatedDecember 01, 2017
Medigap Plan B$348.05Community RatedDecember 01, 2017
Medigap Plan F$469.06Community RatedDecember 01, 2017
Medigap Plan F (HD)$60.25Community RatedDecember 01, 2017
Medigap Plan G$432.41Community RatedDecember 01, 2017
Medigap Plan K$79.30Community RatedDecember 01, 2017
Medigap Plan L$207.72Community RatedDecember 01, 2017
Medigap Plan M$287.60Community RatedDecember 01, 2017
Medigap Plan N$245.03Community RatedDecember 01, 2017

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.

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Bankers Life and Casualty Company Medigap Plan Benefits Comparison Chart

The following table shows what each Bankers Life and Casualty Company Medigap plan covers:

Medigap Plan Benefits

BenefitsABFGF (HD)KLMN
Medicare Part A Deductible Part A DeductibleNoYesYesYesYes50%75%50%Yes
Medicare Part A Co-insurance Part A Co-insuranceYesYesYesYesYesYesYesYesYes
Medicare SNF Co-insurance SNF Co-insuranceNoNoYesYesYes50%75%YesYes
Medicare Part B Deductible Part B DeductibleNoNoYesNoYesNoNoNoNo
Medicare Part B Co-insurance Part B Co-insuranceYesYesYesYesYes50%75%YesYes
Medicare Part B Excess Charges Excess ChargesNoNoYesYesYesNoNoNoNo
Foriegn Travel Emergency Coverage Foriegn TravelNoNo80%80%80%NoNo80%80%
Annual Out-of-Pocket Limit Out-of-Pocket LimitsNoNoNoNoNo$5,880$2,940NoNo
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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 Medigap plan offering in New York 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.

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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.

Compare Plan F Base Rates

CarrierPremium[3]FeeReview[4]
Bankers Life and Casualty Company$469.06None☆☆☆☆☆
AARP$234.75None☆☆☆☆☆
Humana$274.35None☆☆☆☆☆
Globe Life$291.00None☆☆☆☆☆
HIP$317.87None☆☆☆☆☆
CDPHP$336.45$25.00☆☆☆☆☆
BlueCross BlueShield of Western New York$368.92None☆☆☆☆☆
Mutual of Omaha$382.53None☆☆☆☆☆
State Farm$400.94None☆☆☆☆☆
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Contact Bankers Life and Casualty Company Medigap Sales

Sales:0
Website:http://www.bankers.com/
Address:111 E. Wacker Drive, Suite 2100, Chicago, IL 60601

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.

Compare Plan Options

The average New York senior compares three or more plan options before making an enrollment decision.

Eligibility

Bankers Life and Casualty Company Medicare Supplements are available to all New York beneficiaries, ages 65 and older, who are enrolled in Medicare Part B. If you are just turning age 65, you have guaranteed issue rights and cannot be turned down by Bankers Life and Casualty Company. 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

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. Visit the Bankers Life and Casualty Company Medicare page for more information.

Related Topics

  • Do I Need Supplemental Insurance If I Have Medicare?
  • Can I Change Medicare Supplement Plans Anytime?
  • What is the Average Cost of Supplemental Insurance for Medicare?

On this page our goal is to help consumers: Compare Bankers Life and Casualty Company Medigap plans in NY with all supplemental Medicare insurance. Read reviews and find lowest prices on Plan F, G and N. Did we succeed?

The Medicare Supplement information on this page originates from CMS Data Files, is maintained by David Bynon, and was last updated on January 27, 2021.

Related Topics

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[2] Trademark Notice

MedicareWire uses legal U.S. trademarks to identify and describe Medicare and other insurance products for shoppers. See our full trademark use disclosure.

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Chief Petty Officer David Bynon re-enlisting 15 September 2001.

Hello, my name is David Bynon.

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