What Medicare Supplements does Standard Life offer in Rhode Island?
Standard Life and Accident Insurance Company offers 8 different Rhode Island Medigap Plans. Each plan covers the gaps in Original Medicare differently (see Comparison Chart or check out our Review). Here's what Standard Life offers:
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.
Standard Life Medigap Plan Benefits Comparison Chart
The following table shows what each Standard Life Medigap plan covers:
REVIEW: Standard Life Medicare Supplements in Rhode Island
Standard Life scored 4.0 out of 5.0 based on our scoring method. Although their Plan F is not in the top 10 best rates, Standard Life 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 Rhode Island. 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.
- No charge for writing the policy.
- Uncompetitive Plan F premium.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
About This Review
We reviewed Standard Life's Medigap plan offering in Rhode Island 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.