Top 8 Best Medicare Supplement Insurance Companies in 2023

Medicare Supplement Insurance, also known as Medigap, is extra insurance that you can buy from a private insurance company to help pay out-of-pocket costs. According to Medicare.gov, you must have Original Medicare (both Part A and Part B) to buy a Medigap policy. If you’re an older adult who’s interested in buying a Medigap policy, then you’ve come to the right place. We’ve rolled up our sleeves and done our research. Here are the top 8 best Medicare Supplement Insurance companies in 2023!

Advertisement.

AARP by UnitedHealthcare

Offering 9 out of the 10 standard Medigap plans, AARP by UnitedHealthCare is available in almost every state. They even offer the ever-popular Plan F and Plan G! They provide plans through a partnership with AARP, making it an ideal choice for any older adult.

Pros:

Advertisement.

User-friendly online portal
A large selection of plans
New enrollment discount

Cons:

Must be an AARP member to enroll

Bankers Fidelity

If you’re on the hunt for a senior-friendly insurance company, then Bankers Fidelity might be the perfect choice for you! With over 30 years of experience in the Medigap game, they offer 8 plans and senior-focused service.

Pros:

Medigap plans can be bundled with life insurance plans
Large selection

Cons:

Advertisement.

Plans are not available in 13 states, including Florida, California, and New York
No Medicare Part D (Prescription Drug) Plans

Blue Cross Blue Shield

Part of a network of companies that offer Medigap plans, Blue Cross Blue Shield offers 7 plans and coverage in every state. And, after you buy a Medigap plan, you’ll get discounts on other great senior-centric services and programs, like SilverSneakers and ScriptSave!

Pros:

Trusted company with ample experience
Nationwide coverage

Cons:

Plan options may not be available in every region

Cigna

The fourth-largest insurance company in the world, Cigna offers 4 Medigap Plans that are available in 48 states. However, it’s important to note that rates may vary between states.

Pros:

Advertisement.

Discounts available for multiple policy owners in some states
A Healthy Rewards Program that offers discounts on fitness and nutrition services, wellness products, and more

Cons:

Only offers Plan A, F, G, and N
High premiums

Humana

Humana has been helping people live their best, healthy lives. With over 8 plans and a wide range of benefits available to members, they’re thrilled to help you save on out-of-pocket costs!

Pros:

Dental and vision benefits available
Coverage in 49 states

Cons:

Some locations are not eligible for online enrollment, losing out on a 6% discount

Manhattan Life

Manhattan Life sells 5 Medigap plans that can be paired with any number of their other insurance plans, including dental, vision, and hearing. And, if another member of your household has Manhattan Life, then you’ll receive a premium discount!

Pros:

You can keep your current doctors and hospitals.

Cons:

Coverage is not available in all 50 states.

Mutual of Omaha

Although Mutual of Omaha offers only 3 Medigap plans, they sell policies in all 50 states and offer Medicare Supplemental Insurance in 47 of them. Additionally, you may be able to buy a Medicare plan and policy in tandem for even more coverage!

Advertisement.

Pros:

Cheap, affordable coverage
Free online quotes
A Mutually Well program for discounts on fitness and wellness products

Cons:

No mobile app available
Limited plan options

State Farm

Most people probably think of automobile insurance when State Farm crosses their mind, but this multifaceted insurance company offers Medigap plans, too! With 24/7 customer support and a wide offering of standardized plans, State Farm may be the perfect choice for seniors on the hunt for Medicare supplement insurance.

Pros: