Reading your Medicare Supplement Quote

Medicare Supplement Quotes

The company that owns the insurance company offering the Medicare Supplement policy.

A discount that may reduce your monthly premium. Eligibility varies by insurance company. Some companies require two spouses or household members to have coverage with the same company, while others may offer a discount simply for living with a spouse, partner, or other household member.

A one-time administrative fee charged by the insurance company when the policy is issued.

A financial strength rating that helps show an insurance company’s ability to meet its financial obligations and pay claims.

Explains how your age affects the premium you pay.

Attained Age: Your premium is based on your current age and may increase as you get older, in addition to other rate increases.
Community Rated: Your premium is not based on your age. People with the same policy generally pay the same rate, although premiums may increase due to inflation, claims experience, or other factors.
Issue Age: Your premium is based on your age when you first purchase the policy. It will not increase simply because you get older, but it may increase due to inflation, claims experience, or other factors.

The Medicare Supplement plan letter being quoted, such as Plan G or Plan N. Benefits for the same plan letter are standardized, regardless of which insurance company offers the plan.

A financial strength rating that helps indicate an insurance company’s ability to meet its financial obligations.

The pricing or underwriting category the insurance company uses when determining your premium.

The number of years this specific Medicare Supplement plan has been offered by the underwriting insurance company in your geographic area. This does not necessarily reflect how long the parent company has offered Medicare Supplement insurance overall.