Which Supplemental Medicare Plans does Colonial Penn sell in Rhode Island?
Colonial Penn Life Insurance Company writes 0 of the standardized Rhode Island 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 Colonial Penn's offering:
Colonial Penn Medigap Plan Benefits Comparison Chart
The following table shows what each Colonial Penn Medigap plan covers:
REVIEW: Colonial Penn Medicare Supplements in Rhode Island
Colonial Penn scored 3.0 out of 5.0 based on our scoring method. Although their Plan F is not in the top 10 best rates, Colonial Penn has been servicing Medicare Supplements for over 10 years and has a good financial rating from A.M. Best. This is a good carrier, but there are other good Medigap carriers with lower rates in Rhode Island. See the top 10 competition.
Here are the pros and cons from our analysis:
- Excellent financial strength.
- More than 20 years in the Medicare Supplements business.
- No charge for writing the policy.
- Plan F premium not in top 10 best.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
About This Review
We reviewed Colonial Penn's Medigap plan offering in Rhode Island 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.