HIP Medicare Supplement Plans, New York
This page contains editorial content that is not endorsed or approved by HIP Health Plan of New York (HIP by EmblemHealth)[2]. This is not a solicitation of insurance.
| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | C+ |
| A.M. Best Outlook: | Negative |
| S&P Rating: | |
| Established: | 2015 |
| NAIC Number: | 60094 |
| Policy Fee: | None |
What Medicare Supplements does HIP Offer in New York?
HIP Health Plan of New York (HIP by EmblemHealth) offers 4 of the standardized Medigap policies in New York. Each Medigap plan offers a different range of coverage (see comparison chart or check out our review). Here's a quick look at HIP's offering:
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.
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.
HIP Medigap Plan Benefits Comparison Chart
The following table shows the coverage benefits you get with of each Medicare supplemental plan offered by HIP:
REVIEW: HIP Medicare Supplements in New York
HIP scored 3.5 out of 5.0 based on our scoring method. HIP has a good Plan F premium (top 10), and they have only serviced Medicare Supplements for 5 years, and their A.M. Best financial rating is substandard or unknown. As a result, this is not a Medigap carrier that we recommend for New York seniors. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Highly competitive Plan F premium.
- No charge for writing the policy.
Cons
- Marginal financial strength.
- Fewer than 5 years in the Medicare Supplements business.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
About This Review
We reviewed HIP's Medicare supplement plan offering in New York 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.
HIP Medicare Supplement Plan F Compared to Top Ten
Medicare Supplement F is the most popular plan sold in New York. The following table shows how HIP stacks up with the competition.
Contact HIP 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
HIP supplemental Medicare insurance policies are available to all Medicare beneficiaries in New York 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 HIP. 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.
Before choosing a Medicare Supplement carrier, be sure to get the HIP Medigap rate increase history in New York. The lowest rate now may not be the lowest rate in the future.
Availability
HIP 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.
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 HIP Medigap plans in New York with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?