Allstate Medicare Supplement Review
Posted in Companies last updated on April 8, 2024Get a Customized Quote and compare rates for an Allstate Medicare Supplement
Allstate-Our #1 Pick In The Medicare Supplement Market
Instant Medicare Supplement Rates
Allstate began in 1931 and is the 4th largest insurer in the United States. They acquired National General Holdings Corporation out of New York for a whopping $4 Billion. Allstate now has a strong lead over its competitors in the Medicare Supplement market. We rate this as one of the Best 5 Medicare supplements!
The National General Medicare Supplement was rebranded as an Allstate product in the fall of 2022. Dating back to 1939 National General was a part of General Motors and well known in the industry. They brought over 70 years of experience to Allstate, which now has several new products to offer, including Medicare Supplements, dental plans, fixed benefit medical, short-term medical, and accident insurance.
What Discounts Does Allstate Offer?
– 10% if you choose to pay your premiums annual one time a year
– 3%, 7% or 10% if you live with another adult (no more than 3) age 50 or older. Some states require a Civil Union Partnership, legal spouse or domestic partner to qualify for a discount.
– 5% if you would like to use an activity tracker in all states other than Idaho, Ohio and Texas.
– Preferred Rates are available to non-tobacco users and who fall within a more restrictive BMI.
THE ALLSTATE EXCLUSIVE SELECT CATEGORY
If you qualify, you won’t incur any age increases through age 72 if you qualify for the Preferred Select category. You have to answer all the health questions on the application even if you’re in Open Enrollment. The Select category is available to non-tobacco users only and be within more restrictive height and weight limits. If you’ve taken medication for depression within the last 5 years you won’t qualify. Select policyholders enjoy lower rates because their premiums won’t increase due to age until their the first renewal when they are 73 years old. The “Select” special category is not available in California, Minnesota or Ohio.
*Not all discounts are available in all states and may differ in certain states. Complete the Customized Quote form to find out what discounts you qualify for.
ALLSTATE MEDICARE SUPPLEMENT PROS & CONS
Pros
- Huge discounts up to a total of 25% off Standard rates*
- Allstate is rated A+ rated by A.M. Best
- Available in all states except: Connecticut, Hawaii, Maine, Massachusetts, New Hampshire, New York, Rhode Island, Vermont and Washington
- Nationally recognized company
- Medicare Supplement plans include A, F, G and N
- Access to Active & Fit at over 10,000 fitness centers
- 10% discount off National General’s Senior Dental plans
- No cost hearing evaluations at Miracle Ear and hearing aids starting at $695
- $75 copay for hearing exams from one of Amplifon’s national network offices
Effective dates any day of the month - Automatic claims filing with your providers and Medicare
Cons
- You cannot apply for the Select category if you are in your Medicare Part B open enrollment or within the 7 month period after you turn 65.
- If you are in a Guarantee Issue (SEP) Special Election Period, you can choose to go through medical underwriting and apply for a Preferred Select class. Our licensed agent will be able to advise you properly.
- Allstate will only offer you the plans required by your state for Guaranteed Issue. For example; If you live in the state of Texas and retire 2 years after you signed up for Medicare, you can only choose a National General Medicare Supplement plan A, F or High Deductible F. You would not be eligible to apply for a G or N plan on a Guaranteed Issue basis. You can choose to be medically underwritten and apply for any plan offered by Allstate in your state.
Allstate Medicare Supplement Plan Choices
Plan A
- Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are depleted.
- Part A Hospice care coinsurance or copayment.
- Part B coinsurance and copays.
- Blood transfusions (first three pints).
Plans F and High Deductible F (HDF)*
- Part A coinsurance and hospital costs. Medicare will cover an additional 365 days after the Medicare benefits are depleted.
- Part A deductible.
- Part A Hospice care coinsurance or copayment.
- Part B coinsurance and copays.
- Part B deductible.
- Part B excess charges. (Most States allow a provider to charge you 15% more than Medicare’s approved amount.)
- Skilled nursing facility care coinsurance.
- Blood transfusions (first three pints).
- Emergency health care services for the first 60 days when traveling outside the U.S.
Plans G and High Deductible G (HDG)*
- Part A coinsurance and hospital costs. Medicare will cover an additional 365 days after the Medicare benefits are depleted.
- Part A deductible.
- Part A hospice care coinsurance or copayment.
- Part B coinsurance or copayment.
- Part B excess charges (Most States allow a provider to charge you 15% more than Medicare’s approved amount.)
- Skilled nursing facility care coinsurance.
- Blood transfusion (first three pints).
- Emergency health care services for the first 60 days when traveling outside the U.S.
Plan N
- Part A coinsurance and hospital costs. Medicare will cover an additional 365 days after the Medicare benefits are depleted.
- Part A deductible.
- Part A hospice care coinsurance or copayment.
- Part B coinsurance other than up to a $20 copay for office visits or a $50 emergency room visit if you aren’t admitted to the hospital.
- Skilled nursing facility care coinsurance.
- Blood transfusion (first three pints).
* Plans F and G are also available with a high deductible option. Medicare determines the new deductible every calendar year. You will need to pay the annual Part B deductible as with regular plans G and N also determined each year by Medicare. Then Medicare will cover it’s part as with all other plans. You will continue to pay the Part A and B coinsurance until the High Deductible limit is met. After you meet the annual deductible, the plan will pay 100% of Medicare covered services for the rest of the calendar year. Out of pocket costs for Foreign Travel emergency deductibles are not included in the out of pocket limit on the High Deductible plans.