How to Find Medicare Supplement Insurance Company Ratings

In 2017, there were 282 different insurance companies across the U.S. that had at least one standardized Medicare Supplement Insurance (Medigap) plan available.1

So how do you compare Medicare Supplement Insurance companies? How do you find a Medigap plan that fits your needs?

The federal government issues star ratings2 for Medicare Advantage plans and Medicare Part D Prescription Drug plans, but not for Medicare Supplement Insurance companies.

This guide outlines several ways you can learn more about Medicare Supplement Insurance companies, including their financial and industry ratings. You can also get help exploring Medigap plan options where you live with the help of a licensed insurance agent.

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Medicare Supplement Insurance company rating agency reports

Independent rating agencies regularly publish ratings and scores for the financial strength of various insurance companies.

Some of the more popular rating agencies include:

  • A.M. Best Company
  • Fitch Ratings
  • Moody’s Investor Services
  • Standard & Poor’s Insurance Rating Services
  • Kroll Bond Rating Agency

These ratings can be quite valuable to consumers, as they indicate the financial strength and stability of a Medicare Supplement Insurance company.

Most of the information these rating agencies provide is free and can be accessed online.

Business ratings for Medigap insurance companies

Business review websites often provide ratings for a variety of metrics that can be used to a shopper’s advantage.

Some of these organizations include information from consumers and industry experts, such as:

If you find a Medicare Supplement Insurance company that has strong customer reviews, you might choose to look for a plan from that company if they sell plans in your area.

Which insurance companies offer Medicare Supplement plans?

There are likely one or more insurance companies that sell Medicare Supplement Insurance plans in your area.

A  licensed insurance agent can let you know which insurance companies provide plans in your area and help you explore details such as plan costs and coverage.

Because plan selection can vary from one company to another, it’s important to remember that the right insurance company for you may be different than the right one for someone else, depending on your coverage needs and budget.

Learn about Medigap plans in your area