Colonial Penn Medicare Supplement Plans, South Carolina
This page contains editorial content that is not endorsed or approved by Colonial Penn Life 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: | BBB+ |
| Established: | 1998 |
| NAIC Number: | 62065 |
| Policy Fee: | None |
Which Supplemental Medicare Plans Does Colonial Penn Offer in South Carolina?
Colonial Penn Life Insurance Company offers 0 of the standardized Medigap policies in South Carolina. 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:
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 following table shows the coverage benefits you get with of each Medicare supplemental plan offered by Colonial Penn:
REVIEW: Colonial Penn Medicare Supplements in South Carolina
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 South Carolina. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Excellent financial strength.
- More than 20 years in the Medicare Supplements business.
- No charge for writing the policy.
Cons
- Uncompetitive Plan F premium.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
About This Review
We reviewed Colonial Penn's Medicare supplement plan offering in South Carolina 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.
Competition vs. Colonial Penn Plan F
Medicare Supplement F is the most popular plan sold in South Carolina. The following table shows how Colonial Penn stacks up with the competition.
Contact Colonial Penn 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
Colonial Penn Medicare Supplements are available to all South Carolina beneficiaries, ages 65 and older, who have enrolled in both Medicare Part A and Part B.
If you are within your first six months of Medicare enrollment, you have guaranteed issue rights and cannot be turned down. Colonial Penn 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.
Before choosing a Medicare Supplement carrier, be sure to get the Colonial Penn Medigap rate increase history in South Carolina. The lowest rate now may not be the lowest rate in the future.
Availability
Colonial Penn services Medicare supplement insurance in Greenville, Anderson, Mauldin, Columbia, Charleston, Mount Pleasant, Rock Hill, Summerville, Sumter, Hilton Head, and most other South Carolina 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 Colonial Penn Medigap plans in South Carolina with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?