Which Supplemental Medicare Plans does ManhattanLife sell in Colorado?
Manhattan Life Insurance Company writes 5 of the standardized Colorado Medicare supplemental insurance plans. Each Medigap plan offers a different range of coverage (see Comparison Chart or check out our Review). Here's a quick look at ManhattanLife'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.
ManhattanLife Medigap Plan Benefits Comparison Chart
The following table shows what each ManhattanLife Medigap plan covers:
REVIEW: ManhattanLife Medicare Supplements in Colorado
ManhattanLife scored 3.5 out of 5.0 based on our scoring method. Although their Plan F is not in the top 10 best rates, ManhattanLife 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 Colorado. See the top 10 competition.
Here are the pros and cons from our analysis:
- Good financial strength.
- Over 25 years in the Medicare Supplements business.
- Uncompetitive Plan F premium.
- 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 ManhattanLife's Medigap plan offering in Colorado versus all other 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.