Pan-American Life Medicare Supplement Plans, Illinois
This page contains editorial content that is not endorsed or approved by Pan-American Life Insurance Company[2]. This is not a solicitation of insurance.
| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | A |
| A.M. Best Outlook: | Stable |
| S&P Rating: | |
| Established: | 2017 |
| NAIC Number: | 67539 |
| Policy Fee: | $25.00 |
Which Supplemental Medicare Plans Does Pan-American Life Offer in Illinois?
Pan-American Life 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.
Pan-American Life Medigap Plan Benefits Comparison Chart
The following table shows the coverage benefits you get with of each Medicare supplemental plan offered by Pan-American Life:
REVIEW: Pan-American Life Medicare Supplements in Illinois
Pan-American Life scored 3.5 out of 5.0 based on our scoring method. Although they have less than 10 years experience servicing Medicare Supplements, Pan-American 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 Illinois seniors. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Highly competitive Plan F premium.
- Excellent 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 Pan-American 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.
Pan-American Life Medicare Supplement Plan F Compared to Top Ten
Medigap Plan F is the best selling plan sold in Illinois. Below you can compare Pan-American Life's starting rate on Plan F vs. their top ten competitors.
Contact Pan-American 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
Pan-American Life Medigap plans are available to all Illinois Medicare beneficiaries, ages 65 and older, who have enrolled in Medicare Part A and Medicare Part B.
If you are within your first six months of Medicare enrollment, you have guaranteed issue rights and cannot be turned down. Pan-American 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
Pan-American 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 Pan-American Life Medigap plans in Illinois with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?