Philadelphia American Medicare Supplement Plans, New Jersey
What Medigap Policies Does Philadelphia American Sell in New Jersey?
Philadelphia American Life Insurance Co (a New Era company) offers 7 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 Philadelphia American'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.
The following table shows what each Philadelphia American Medigap plan covers:
REVIEW: Philadelphia American Medicare Supplements in New Jersey
Philadelphia American scored 3.0 out of 5.0 based on our scoring method. Although their Plan F is not in the top 10 best rates, Philadelphia American has been servicing Medicare Supplements for over 10 years and has a good financial rating from A.M. Best. Another slight negative is their $20.00 policy fee. This is a good carrier, but there are other good Medigap carriers with lower rates in New Jersey. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Good financial strength.
- Over 15 years in the Medicare Supplements business.
Cons
- 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 Philadelphia American'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.
Philadelphia American Medigap Plan F vs. Competition
Medicare Supplement F is the most popular plan sold in New Jersey. The following table shows how Philadelphia American stacks up with the competition.
Contact Philadelphia American 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
Philadelphia American Medigap plans are available to all New Jersey 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. Philadelphia American 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.
Before choosing an insurance company, be sure to get the Philadelphia American Medicare Supplement rate increase history in New Jersey. This is the best way to predict future rate increases.
Availability
Philadelphia American 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 Philadelphia American Medigap plans in New Jersey with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?