How to Compare Supplement Plans and Companies
When choosing a supplement plan, you have to know the coverage you need and how much you are willing to pay for it. The more benefits included in a plan, the more, of course, it will cost. For example, supplement plan F provides the most coverage but also costs the most.
Once you have an idea of the plan you’re looking for, you can begin searching for a company that offers said plan at a competitive price. Not all providers have every supplement plan, so that will be one of the earliest determining factors in your decision.
The next factor, then, is the quality of the company itself. There are many great options out there, but most companies have one thing that they do really well. It is this “star-factor” that will be one of the final determinations.
Here are some of the biggest supplement insurance companies out there and their “star-factors.”
Flexible Options: Aetna
Aetna is one of the longest-standing companies out there. When you purchase a supplement with them, you’re buying years of industry expertise, experience, and stability.
In terms of available plans, Aetna has some of the most, including plans A, B, C, D, F, G, and N. While it can be difficult to get a price estimate on their website, they clearly describe all of the benefits and plan availability.
Cigna has some of the best customer service on the market, with a 24/7 health information line staffed by trained nurses. It also offers a very positive mobile app and overall online experience.
This company offers plans A, F, a high-deductible F, G, and N. They offer training videos, easy comparison charts, and more to make your experience as smooth as possible.
Wide Availability: Mutual of Omaha
Mutual of Omaha has dealt with Medicare since the beginning, so they know the system inside-and-out. They provide an excellent, easy-to-navigate website. As far as prices, they are ranked by AM Best at A+ for financial health.
Compared to other companies, Mutual of Omaha is one of the most widely available. This is because they have subsidiaries across the U.S.—don’t worry, however, these subsidiaries are just as strong as the main parent company.
Popularity: Blue Cross Blue Shield
Similar to Aetna, Blue Cross Blue Shield offers 7 plans—A, F, high-deductible plan F, G, K, L, N, K, and L. And, once enrolled, members have access to 24/7 policy information.
Nearly 1 in 3 Americans are covered by Blue Cross Blue Shield, making it one of the most common, most popular companies on the market.