Which Supplemental Medicare Plans does Transamerica sell in South Dakota?
Transamerica Life Insurance Company writes 10 of the standardized South Dakota 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 Transamerica's offering:
Issue-Age Rated Medigap Plans: With an Issue Age rated plan your monthly premium is based on your age you're first issued coverage. For instance, if your get your policy at age 65 and your premium is $125, it may remain the same rate until age 72. However, you're age 72 when you enroll, your premium might start at $170, but would not increase based on by your age. Premiums will increase with inflation.
Plan Benefits Comparison Chart
The following table shows the coverage benefits you get with of each Medicare supplemental plan offered by Transamerica:
REVIEW: Transamerica Medicare Supplements in South Dakota
Transamerica scored 4.5 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 Transamerica. Plus, they do not charge a policy fee. These are just a few reasons we recommend this carrier to seniors in South Dakota. See the top 10 competition.
Here are the pros and cons from our analysis:
- The lowest Plan F premium.
- Superior financial strength.
- More than 10 years in the Medicare Supplements business.
- Offers the 5 most popular plans.
- No charge for writing the policy.
- Does not offer Medicare SELECT plans.
About This Review
We reviewed Transamerica's Medigap plan offering in South Dakota 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.