State Farm Medicare Supplement Plans in Alabama
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| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | A++ |
| A.M. Best Outlook: | Stable |
| S&P Rating: | AA |
| Established: | 1981 |
| NAIC Number: | 25178 |
| Policy Fee: | None |
Which Medicare Supplement Plans does State Farm sell in Alabama?
State Farm Mutual Automobile Insurance Company writes 3 of the standardized Alabama 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 State Farm'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.
Plan Benefits Comparison Chart
The following table shows the coverage benefits you get with of each Medicare supplemental plan offered by State Farm:
Medigap Plan Benefits
| Benefits | A | C | F |
|---|---|---|---|
 Part A Deductible | No | Yes | Yes |
| Part A Co-insurance | Yes | Yes | Yes |
| SNF Co-insurance | No | Yes | Yes |
| Part B Deductible | No | Yes | Yes |
| Part B Co-insurance | Yes | Yes | Yes |
| Excess Charges | No | No | Yes |
| Foriegn Travel | No | 80% | 80% |
| Out-of-Pocket Limits | No | No | No |
REVIEW: State Farm Medicare Supplements in Alabama
State Farm scored 3.5 out of 5.0 based on our scoring method. Although their Plan F is not in the top 10 best rates, State Farm 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 Alabama. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Superior financial strength.
- Over 25 years in the Medicare Supplements business.
- No charge for writing the policy.
Cons
- Uncompetitive Plan F premium.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
About This Review
We reviewed State Farm's Medigap plan offering in Alabama 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.