On this page we help consumers: Compare Pekin Insurance Medicare Supplement Plans in Illinois with competing Medigap plans. Shop lowest prices on Medicare Plan F, G, N and more. Read our 5-star review of Pekin Insurance vs. Top Ten Competition.
Which Medicare Supplement Plans does Pekin Insurance sell in Illinois?
Pekin Life Insurance Company writes 5 of the standardized Illinois 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 Pekin Insurance'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.
SAVINGS OPPORTUNITY: Pekin Insurance offers Medicare SELECT plan policies in some areas of Illinois. 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.
Plan Comparison Chart
The following table shows the coverage benefits you get with of each supplemental Medicare plan offered by Pekin Insurance:
REVIEW: Pekin Insurance Medicare Supplements in Illinois
Pekin Insurance scored 3.5 out of 5.0 based on our scoring method. Although their Plan F is not in the top 10 best rates, Pekin Insurance has been servicing Medicare Supplements for over 10 years and has a good financial rating from A.M. Best. This is a good carrier, but there are other good Medigap carriers with lower rates in Illinois. See the top 10 competition.
Here are the pros and cons from our analysis:
- Excellent financial strength.
- Over 25 years in the Medicare Supplements business.
- Offers Medicare SELECT plans.
- No charge for writing the policy.
- Uncompetitive Plan F premium.
- Does not offer the 5 most popular plans.
We reviewed Pekin Insurance's Medigap plan offering in Illinois 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 did not take into account rate increase history.
Pekin Insurance Medicare Supplement Plan F Compared to Top Ten
Medigap Plan F is the best selling plan sold in Illinois. Below you can compare Pekin Insurance's starting rate on Plan F vs. their top ten competitors.
Contact Pekin Insurance Medigap Sales
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. You can learn more about Medigap on the Wikipedia page and on WebMD.
Compare Plan Rates
The average Illinois senior compares three or more quotes before making an enrollment decision.
Pekin Insurance Medicare Supplements are available to all Illinois beneficiaries, ages 65 and older, who are enrolled in Medicare Part B. If you are just turning age 65, you have guaranteed issue rights and cannot be turned down by Pekin Insurance. 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.
Pekin Insurance services Medicare supplement insurance in Chicago, Naperville, Elgin, Aurora, Rockford, Joliet, Springfield, Peoria, Waukegan, Cicero, and most other Illinois cities. Visit the Pekin Insurance Medicare page for more information.
About this Review
This page presents an independent review of Pekin Insurance as a Medicare Supplement insurance carrier in Illinois as compared to all other carriers. MedicareWire provides this information for consumer educational purposes. Our goal is to present information accurately and without bias, based on our interpretation of factual information about each carrier.
Medicare Supplement insurance, also known as Medigap insurance, must follow federal and state laws and does not work with any other type of health insurance, including Medicare Advantage Plans, employer/union group health coverage, Medicaid, Veterans Administration (VA) benefits, or TRICARE. Insurance companies, including Pekin Insurance, can only sell you a standardized Medigap policy identified by letters A through M. Each standardized policy must offer the same benefits, no matter which insurance company sells it. Cost is the primary difference between Medigap policies sold by different insurance companies.
Additional Information About Medicare Supplements
- What is Medigap?
- How Much Do Medicare Supplements Cost?
- Is There an Open Enrollment Period for Medicare Supplement Plans?
- Medicare Supplement vs. Medicare Advantage
- When Can I Change Medicare Supplement Plans?
- Medicare Supplement Plans: Are They Worth It?
Additional Foot Notes
 Sample premium is for a 65 year old, non smoking, woman living in Illinois. The rate was accurate on date of publication. Rates change frequently and they are priced by county. You must contact a licensed agent to get a current rate for your situation.
 Review rating stars are derived from MedicareWire reviews on our Illinois Medigap Plan Reviews page. Visitors can go to our main directory page to compare Medicare supplement plans in other states.