Which Supplemental Medicare Plans does S.USA Life Insurance sell in Alabama?
S.USA Life Insurance Company, Inc. (a Prosperity Life 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 S.USA Life 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.
Plan Benefits Comparison Chart
The following table shows the coverage benefits you get with of each Medicare supplemental plan offered by S.USA Life Insurance:
REVIEW: S.USA Life Insurance Medicare Supplements in Alabama
S.USA Life Insurance scored 3.0 out of 5.0 based on our scoring method. Although they have less than 10 years experience servicing Medicare Supplements, S.USA Life Insurance has a top 10 Plan F premium and a strong financial rating from A.M. Best. They might be relatively new in the business, but they are financially strong and have good rates, so we feel they are one of the better options for Alabama seniors. See the top 10 competition.
Here are the pros and cons from our analysis:
- Highly competitive Plan F premium.
- Excellent financial strength.
- Fewer than 5 years in the Medicare Supplements business.
- 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 S.USA Life Insurance'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.