Gerber Life Medicare Supplement Plans, Tennessee
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| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | A |
| A.M. Best Outlook: | Stable |
| S&P Rating: | BBB |
| Established: | 2009 |
| NAIC Number: | 70939 |
| Policy Fee: | $25.00 |
What Medigap Policies Does Gerber Life Sell in Tennessee?
Gerber Life Insurance Company offers 5 of the standardized Medigap policies in Tennessee. Each Medigap plan offers a different range of coverage (see comparison chart or check out our review). Here's a quick look at Gerber Life's offering:
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.
SAVINGS OPPORTUNITY: Gerber Life offers Medicare SELECT plan policies in some areas of Tennessee. A Select plan is a Medigap policy that requires you to use specific hospitals and, in some cases specific doctors, to get the full financial benefit of the plan. A Medicare SELECT plan pays the Medicare Part A inpatient deductible when you use a network hospital or if you use a non-network hospital for emergency care. Otherwise, you pay the inpatient deductible. Other than that it's the same as the standard Medigap plan.
The following table shows what each Gerber Life Medigap plan covers:
REVIEW: Gerber Life Medicare Supplements in Tennessee
Gerber Life scored 3.0 out of 5.0 based on our scoring method. Although their Plan F is not in the top 10 best rates, Gerber Life has been servicing Medicare Supplements for over 10 years and has a good financial rating from A.M. Best. Another slight negative is their $25.00 policy fee. This is a good carrier, but there are other good Medigap carriers with lower rates in Tennessee. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Excellent financial strength.
- More than 10 years in the Medicare Supplements business.
- Offers Medicare SELECT plans.
Cons
- Uncompetitive Plan F premium.
- Does not offer the 5 most popular plans.
- Charges a fee to write the policy.
About This Review
We reviewed Gerber Life's Medicare supplement plan offering in Tennessee 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.
Gerber Life Medicare Supplement Plan F Compared to Top Ten
Medicare Supplement F is the most popular plan sold in Tennessee. The following table shows how Gerber Life stacks up with the competition.
Contact Gerber 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
Gerber Life supplemental Medicare insurance policies are available to all Medicare beneficiaries in Tennessee at age 65. You must be enrolled in both Medicare Parts A and B.
If you are within your first six months of Medicare enrollment, you have guaranteed issue rights and cannot be turned down. Gerber Life 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
Gerber Life services Medicare supplement insurance in Nashville, Murfreesboro, Memphis, Knoxville, Chattanooga, Clarksville, Jackson, Johnson City, Franklin, Hendersonville, Kingsport, and most other Tennessee 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 Gerber Life Medigap plans in Tennessee with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?