Even people who have medical insurance or medicare can benefit greatly from a supplemental insurance. There are several companies out there who offer plans. Some can be expensive and offer little in return for their monthly premiums though. You have to be careful when choosing a supplemental insurance to make certain that it offers the benefits that will best need your medical coverage needs without breaking the bank. Here are the ten best supplemental insurance Companies to check out for 2019.
10. Cigna Medicare Supplemental Insurance
Cigna is an insurance company that offers reasonable medicare supplement insurance plans that can help you cover the expenses that are not covered under your part A or B plan. Some of the benefits include allowing you to choose your own physician without the requirement of going with networks and in the majority of cases, referrals are not required. Cigna supplemental plans are guaranteed to be renewable for the life of the subscriber so the worry of being cancelled due to excessive illness and medical visits is not a factor. Cigna follows you wherever you go in the United States providing coverage and in some instances, it also covers you if you have a medical emergency when travelling outside of the country. The only way you can be cancelled is if you don't make your premium payments. The company also offers discounts when more than one person in the household subscribes.
Aflac is one of the better known supplemental insurance companies in the United States. The company offers reasonably priced supplemental insurance plans which can be tailored to meet your individual needs. You can choose from a variety of tiers under each category including accident coverage, cancer, vision, dental, critical illness, hospital care, short term disability insurance and life insurance. One of the things about AFLAC that has always impressed us is the fact that they pay cash directly to the policy holder unless directed to pay the provider. AFLAC pays regardless of any other insurances, with plans that are designed to put cash into your pocket when you need it the most. They have a solid reputation for paying claims quickly. Most AFLAC plans are offered through employee sponsored programs versus individual.
8. Blue Cross/Blue Shield
Blue Cross/Blue Shield offers a variety of health insurance plans for individuals, families and also medicare supplement plans. If you're age 65 or older, or you are disabled, you may want to check out their Medicare supplement plans if you also have Medicare part A and B. Acceptance into this program is guaranteed and they have established a solid reputation for providing high quality supplemental coverage at affordable rates to help pay for the costs that medicare does not cover. The plan is called Simple Blue.
Humana is another well known insurance company which offers supplemental health coverage plans for people who are on Medicare and have Parts A and B. Humana has a wide range of affordable insurance plans that help to pay for expenses that are not covered by Medicare. The company has an A+ rating with the Better Business Bureau and consumer reviews give them a 9 out of 10 for having a wide range of plan selections to customize the supplemental insurance plan needed to meet the needs of the subscriber. In addition, their rates are reasonable and they pay the providers without a hassle. If you're interested in checking out Humana's supplemental health insurance plans, friendly agents are available to help answer your questions.
6. The Aetna Insurance Company
Aetna is one of the most highly rated supplemental insurance companies in the United States today. They offer a wide range of supplemental health insurance products for the entire family, not just Medicare supplement insurance, although this is one of the products that is included. The money paid for claims made on your insurance can be used for everyday expenses, deductibles, coinsurance or medical costs. It's up to you. Aetna offers supplemental plans, non-medicare for those who are employed full time and are otherwise eligible for benefits through work. They offer critical illness, accident on or off the job, and hospital indemnity plans, and dental and vision.
5. Globe Life
Globe Life is an insurance company that has been in business since 1951. They offer health insurance as well as life insurance to roughly 3.6 million currently. The company is stable and is an S&P 500 company with decades of experience in providing people with supplemental insurance plans. Their plans are reasonably priced and the plans are intended to help pay for expenses that are not fully covered under the primary health care plans. They also offer Medicare supplement insurance as well as plans for the entire family.
4. Mutual of Omaha
The Mutual of Omaha Insurance Company is one of the most respected in the nation. It's been in existence for decades providing a wide range of insurance products including Medicare supplemental insurance, as well as other types for individuals and families not on Medicare including cancer, heart attack and stroke policies, disability income insurance, long term care insurance, critical illness, prescription drug plans, life insurance, dental, and financial services.
3. United Healthcare supplemental insurance
United Healthcare is a company that is endorsed by AARP for their supplemental medicare insurance plans. The company offers affordable policies that help to cover the costs that are not paid for through Medicare part A and B. The stipulations for this type of supplemental insurance are that you must be over age 65 or disabled, on Medicare parts A and B and a member of the AARP organization.
2. Manhattan Life Insurance Company
Manhattan Life has been in business since 1850. They are an established insurance company with a solid reputation in the industry. Manhattan Life Insurance offers supplemental health care plans, cancer policies, Medicare supplemental plans, individual and group health plans as well as life insurance and financial planning services.
1. Transamerica Insurance Company
Transamerica offers affordable Medicare supplement insurance plans through a range of private companies to help their clients gain coverage and protection for out of pocket expenses not covered by Medicare parts A and B. They also offer a variety of other insurance options including employee benefits and retirement solutions in addition to mutual funds, annuities and exchange traded funds.
Written by Dana Hanson
Read more posts by Dana Hanson