State Mutual Insurance Medicare Supplement Plans, Colorado
This page contains editorial content that is not endorsed or approved by State Mutual Insurance Company[2]. This is not a solicitation of insurance.
| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | B+ |
| A.M. Best Outlook: | Negative |
| S&P Rating: | n/a |
| Established: | 1997 |
| NAIC Number: | 69132 |
| Policy Fee: | $25.00 |
What Medicare Supplements does State Mutual Insurance Offer in Colorado?
State Mutual Insurance Company offers 9 of the standardized Medigap policies in Colorado. Each Medigap plan offers a different range of coverage (see comparison chart or check out our review). Here's a quick look at State Mutual Insurance'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 table below outlines the coverage of each State Mutual Insurance Medicare Supplement:
REVIEW: State Mutual Insurance Medicare Supplements in Colorado
State Mutual Insurance 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 Mutual Insurance has been servicing Medicare Supplements for over 10 years and has a good financial rating from A.M. Best. Another slight negative is their $25.00 policy fee. This is a good carrier, but there are other good Medigap carriers with lower rates in Colorado. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Good financial strength.
- More than 20 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 State Mutual Insurance's Medicare supplement plan offering in Colorado 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.
Competition vs. State Mutual Insurance Plan F
Plan F is the most popular plan sold by State Mutual Insurance in Colorado. The table below gives you an idea of rates by the top ten vs. State Mutual Insurance.
Contact State Mutual Insurance 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
State Mutual Insurance Medicare Supplements are available to all Colorado beneficiaries, ages 65 and older, who have enrolled in both Medicare Part A and Part B.
If you are within your first six months of Medicare enrollment, you have guaranteed issue rights and cannot be turned down. State Mutual Insurance 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 a Medicare Supplement carrier, be sure to get the State Mutual Insurance Medigap rate increase history in Colorado. The lowest rate now may not be the lowest rate in the future.
Availability
State Mutual Insurance services Medicare supplement insurance in Denver, Aurora, Colorado Springs, and most other Colorado 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 State Mutual Insurance Medigap plans in Colorado with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?