Liberty Bankers Life Medicare Supplement Plans, New Jersey
This page contains editorial content that is not endorsed or approved by Liberty Bankers Life Insurance Company[2]. This is not a solicitation of insurance.
| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | B++ |
| A.M. Best Outlook: | Stable |
| S&P Rating: | |
| Established: | 2016 |
| NAIC Number: | 68543 |
| Policy Fee: | $25.00 |
Which Supplemental Medicare Plans Does Liberty Bankers Life Offer in New Jersey?
Liberty Bankers Life Insurance Company offers 5 of the standardized Medigap policies in New Jersey. Each Medigap plan offers a different range of coverage (see comparison chart or check out our review). Here's a quick look at Liberty Bankers 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.
Liberty Bankers Life Medigap Plan Benefits Comparison Chart
The table below outlines the coverage of each Liberty Bankers Life Medicare Supplement:
REVIEW: Liberty Bankers Life Medicare Supplements in New Jersey
Liberty Bankers Life scored 3.5 out of 5.0 based on our scoring method. Although they have less than 10 years experience servicing Medicare Supplements, Liberty Bankers Life has a top 10 Plan F premium and a strong financial rating from A.M. Best. They might be relatively new in the business, but they are financially strong and have good rates, so we feel they are one of the better options for New Jersey seniors. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Highly competitive Plan F premium.
- Good financial strength.
Cons
- Fewer than 5 years in the Medicare Supplements business.
- 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 Liberty Bankers Life's Medicare supplement plan offering in New Jersey 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. Liberty Bankers Life Plan F
Plan F is the most popular plan sold by Liberty Bankers Life in New Jersey. The table below gives you an idea of rates by the top ten vs. Liberty Bankers Life.
Contact Liberty Bankers 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
Liberty Bankers Life Medicare Supplements are available to all New Jersey beneficiaries, ages 65 and older, who have enrolled in both Medicare Part A and Part B.
If you are just turning age 65, you have guaranteed issue rights and cannot be turned down by Liberty Bankers 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 Liberty Bankers Life Medigap rate increase history in New Jersey. The lowest rate now may not be the lowest rate in the future.
Availability
Liberty Bankers Life services Medicare supplement insurance in Newark, Jersey City, Camden, Paterson, Elizabeth, Edison, Woodbridge, Lakewood, Toms River, Hamilton, Trenton, Clifton, Cherry Hill, Passaic, Middletown, Union City, Old Bridge, Gloucester City, East Orange, Bayonne, Franklin, North Bergen, Vineland, Union, Piscataway, New Brunswick, Wayne, Irvington, Parsippany, and most other New Jersey 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 Liberty Bankers Life Medigap plans in New Jersey with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?