A.M. Best Company publishes financial strength ratings of insurance companies. This is an important consideration for other insurances, but is much less of a factor when selecting a Medicare Supplement (Medigap) insurance company. Normally, well-known insurance companies have better ratings than less-known companies. Most Medigap companies are not very well-known. Often their Medicare Supplement Insurance Company Rating is B or B+ (rather than A). This should not be a factor in deciding which Medigap company to choose for two reasons:
- The probability of financial failure for any of the insurance companies is very low|
- Even if the company goes out of business (which is very improbable), Medicare states that you are entitled for the Guaranteed Issue Period. It guarantees you the right to buy a Medigap policy with another company without medical underwriting, i.e. no health questions will be asked.
Let Liberty Medicare Help you
If you are looking for Medicare Supplement coverage, Liberty Medicare is here to assist you. We’ll help in all stages of comparing, selecting and enrolling in the best and most suitable Medicare Supplement Plan for you. Our services are offered at no cost to you.
Please give us a call at 877-657-7477, or Contact us with your Medicare Questions.