State Farm Medicare Supplement Plans in New York
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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 |
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or get your Free Medicare Supplement Rate Comparison via Email (learn more).
What Medigap plans does State Farm offer in New York?
State Farm Mutual Automobile Insurance Company offers 4 different Medicare Supplement Plans in New York. Each lettered plan pays Medicare benefits differently (see Comparison Chart or check out our Review). Here they are at a glance:
Community Rated Medigap Plans: When a plan is "Community Rated" the community will all be charged the same monthly premium if enrolled in the same plan. As an example, if you enroll at age 65 or 72 you would be charged the same amount. Premiums will increase, but your age will not be a factor.
State Farm Medigap Plan Benefits Comparison Chart
The following table shows what each State Farm Medigap plan covers:
Medigap Plan Benefits
| Benefits | A | B | C | F |
|---|---|---|---|---|
 Part A Deductible | No | Yes | Yes | Yes |
| Part A Co-insurance | Yes | Yes | Yes | Yes |
| SNF Co-insurance | No | No | Yes | Yes |
| Part B Deductible | No | No | Yes | Yes |
| Part B Co-insurance | Yes | Yes | Yes | Yes |
| Excess Charges | No | No | No | Yes |
| Foriegn Travel | No | No | 80% | 80% |
| Out-of-Pocket Limits | No | No | No | No |
REVIEW: State Farm Medicare Supplements in New York
State Farm scored 4.0 out of 5.0 based on our scoring method. With a top 10 Plan F premium, more than 10 years in the Medicare Supplements business, and a strong financial rating from A.M. Best, we have confidence in State Farm. Plus, they do not charge a policy fee. These are just a few reasons we recommend this carrier to seniors in New York. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Competitive Plan F premium.
- Superior financial strength.
- Over 25 years in the Medicare Supplements business.
- No charge for writing the policy.
Cons
- 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 New York 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.
