Woodman Life Plan F Rates & Reveiw

Call (614) 402-5160 to learn more about a WoodmanLife Medicare Supplement Plan F

INSTANT QUOTES

This article contains information specific to WoodmanLife Plan F prices.  If you are looking for Woodman Medigap rates, you’re in the right place because Medicare Supplement Insurance means the same thing as Medigap Insurance.  Fill out the Customized Quote form for more detailed information and a personalized quote.  We’ll be able to help you evaluate their company statistics and see if it’s a good fit for you.  You’ll also be able to get comparative rates for other companies on this site to compare Woodmans along with company ratings and premium increase histories.

Is Woodman A Good Insurance Company?

WoodmanLife is A+ rated by A.M. Best and is an excellent company for Medicare Supplement. It’s a fraternal benefit society that has provided insurance. It was founded in 1890 by Joseph Cullen Root in Omaha, Nebraska, and has been providing insurance for over 130 years. By 1898, its membership had grown to nearly 90,000 and by 1966, it had over $1 billion of life insurance in force.  Woodman offered Medicare Supplements about 10 years ago but ceased new sales soon after.  They opened the doors again last year for new Medicare Supplement policies.  Predicting how their premiums will hold up compared to their competitors is difficult.  Only time will tell.

2024 Average Medicare Supplement Rate Increases

How Much Does A WoodmanLife  Medicare Supplement Cost?

WoodmanLife rates are based on a lot of factors, including your state of residence, zip code, gender, and age.  Other things determine the rate, including if you live with another adult, your height/weight, and tobacco use.

The examples below are accurate rates provided by CGS Actuarial Systems and were calculated on January 21, 2025.  They are non-tobacco Rates for Medigap Plan F with all available discounts.  Since most seniors pay Medicare Supplement premiums monthly,  the rates below were calculated on a monthly basis.

If you prefer to pay your premiums quarterly, semi-annual or annually simply mutiply by 4,6 or 12.  The only way you can pay montly is by automatic bank draft, but Woodman will accept a paper check if you pay quarterly, semi-annual or annually.

WoodmanLife Medicare Supplement Discounts

You may qualify for a household discount or multi insured discount.  Most states allow a 10% discount for just living with another adult of a certain age.  Florida only allows a 3% discount. Rates are zip code specific, so we can’t list every zip, age, gender, tobacco status, or qualifying discount. You see where I’m going with this.  You can see in the chart below some sample rates based on age in a few different cities in the US.

There’s no discount for paying annual.  The annual rate is the monthly rate multiplied by 12 months.

Female Sample Plan F Rates

Male Sample Plan F  Rates

Rates for new buyers can change at any time and not just at the beginning of a calendar year.  They can go up in specific zip codes, down in some, and not in others.  WoodmanLife allows you to lock in your rate six months in advance.  So, even if they change the rates before your policy starts, you’ll get the lower rate.

If you pay your premiums annually instead of monthly or live with another adult at least 50, there’s a good chance they’ll have the lowest premiums.  If the rates spark your interest, provide your name, phone number, and email address, and we’ll email you the company associated with the rate.

What Does The Woodman Life Medicare Plan F Cover?

Plan F is the highest level of coverage available for anyone who was eligible for Medicare before January 1, 2020.  The only thing plan F covers that G doesn’t  is the annual Medicare Part B Deductible.  The annual deductible is a nominal amount you’ll need to pay before a Plan G pays, except for Medicare-covered preventive services.

Plan F picks up the following costs:

1. Annual Medicare Part B Deductible
2. 20%  of Part B outpatient services not covered by Medicare
3. Part B Excess
4. 80% for Foreign Travel emergencies up to $50,000 after a $500 deductible
5. Blood
6. Hospice
7. Some medications
8. Hospital coinsurance and deductible
9. Skilled Nursing Coinsurance