State Farm Medicare Supplement Plans Alabama
On this page we help consumers: Compare State Farm Medicare Supplement Plans in Alabama with competing Medigap plans. Shop lowest prices on Medicare Plan F, G, N and more. Read our 5-star review of State Farm vs. Top Ten Competition.
MedicareWire Rating:  |  |
|---|---|
| A.M. Best Rating: | A++ |
| A.M. Best Outlook: | Stable |
| S&P Rating: | AA |
| Established: | 1981 |
| NAIC Number: | 25178 |
| Policy Fee: | None |
What Medicare Supplements does State Farm offer in Alabama?
State Farm Mutual Automobile Insurance Company offers 3 different Medigap Plans in Alabama. Each plan covers the gaps in Original Medicare differently (see Comparison Chart or check out our Review). Here's what State Farm 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.
State Farm Medigap Plan Comparison Chart
The following table shows what each State Farm Medigap plan covers:
| Medigap Plans Offered in Alabama | |||
|---|---|---|---|
| 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.
We reviewed State Farm's Medigap plan offering in Alabama versus all other carriers in the state. Our review is unbias. 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.
State Farm Medicare Supplement Plan F Compared to Top Ten
Medigap Plan F is the best selling plan sold in Alabama. Below you can compare State Farm's starting rate on Plan F vs. their top ten competitors.
| Carrier | Premium[3] | Fee | Review[4] |
|---|---|---|---|
| State Farm | $138.21 | None | |
| Pekin Insurance | $122.21 | $25.00 |  |
| State Mutual Insurance | $123.71 | $25.00 |  |
| S.USA Life Insurance | $124.16 | $25.00 |  |
| Thrivent | $124.73 | $25.00 | |
| Cigna | $125.48 | None | |
| Aetna | $126.37 | $20.00 | |
| AARP | $127.21 | None | |
| Bankers Fidelity | $127.36 | $25.00 | |
| New Era Life | $128.93 | $20.00 | |
| Everest | $129.26 | $25.00 | |
Contact State Farm 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 Alabama senior compares three or more quotes before making an enrollment decision.
Eligibility
State Farm Medicare Supplements are available to all Alabama 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 State Farm. 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.
Availability
State Farm services Medicare supplement insurance in Birmingham, Auburn, Decatur, Dothan, Huntsville, Mobile, Montgomery, Tuscaloosa, and most other Alabama cities. Visit the State Farm Medicare page for more information.
About this Review
This page presents an independent review of State Farm as a Medicare Supplement insurance carrier in Alabama 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 State Farm, 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 Foot Notes
[3] Sample premium is for a 65 year old, non smoking, woman living in Alabama. 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.
[4] Review rating stars are derived from MedicareWire reviews on our Alabama Medigap Plan Reviews page.
The Medicare Supplement information on this page originates from CMS Data Files, is maintained by David Bynon, and was last updated on .