Equitable Life Medicare Supplement Plans, Illinois
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| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | B |
| A.M. Best Outlook: | Positive |
| S&P Rating: | B |
| Established: | 1969 |
| NAIC Number: | 62952 |
| Policy Fee: | $20.00 |
What Medigap Policies Does Equitable Life Sell in Illinois?
Equitable Life & Casualty Insurance Company sells 4 Medicare supplements in Illinois. Each lettered plan pays Medicare benefits differently (see comparison chart or check out our review). Here they are at a glance:
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.
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 what each Equitable Life Medigap plan covers:
REVIEW: Equitable Life Medicare Supplements in Illinois
Equitable 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:
Pros
- Over 25 years in the Medicare Supplements business.
Cons
- Uncompetitive Plan F premium.
- Fair financial strength.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
- Charges a fee to write the policy.
About This Review
We reviewed Equitable Life's Medicare supplement plan offering in Illinois 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.
Equitable Life Medigap Plan F vs. Competition
Medigap Plan F is the best selling plan sold in Illinois. Below you can compare Equitable Life's starting rate on Plan F vs. their top ten competitors.
Contact Equitable Life 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
Equitable Life supplemental Medicare insurance policies are available to all Medicare beneficiaries in Illinois at age 65. You must be enrolled in both Medicare Parts A and B.
If you are just turning age 65, you have guaranteed issue rights and cannot be turned down by Equitable Life. Once issued, your Medicare Supplement policy can't be canceled. And, it will automatically renew for as long as you continue to pay the premiums and make no material misrepresentations.
Before choosing a Medicare Supplement carrier, be sure to get the Equitable Life Medigap rate increase history in Illinois. The lowest rate now may not be the lowest rate in the future.
Availability
Equitable Life services Medicare supplement insurance in Chicago, Naperville, Elgin, Aurora, Rockford, Joliet, Springfield, Peoria, Waukegan, Cicero, and most other Illinois 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 Equitable Life Medigap plans in Illinois with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?