Allstate Medicare Supplement Review
After a thorough review of Allstate’s Medicare Supplement plans, we found several impressive benefits, including premiums that are, on average, 10% more affordable, stackable household discounts of up to 25%, a wide range of plan options, and a user-friendly web platform.
In addition, policyholders have access to the Active&Fit fitness program, a guaranteed renewable policy for life, nationwide coverage to see any provider who accepts Medicare, and standalone dental policy options.
Despite some unfavorable reviews, the majority of feedback about Allstate is positive. The company’s excellent financial ratings demonstrate long-term stability.
Overall, Allstate’s Medigap plans could be a great option for supplementing Original Medicare coverage.
What Medigap Plans Are Offered by Allstate?
Although Allstate is primarily recognized for its auto and home insurance policies, it has recently entered the Medicare market.
They now offer a range of standardized Medigap plans, including the most popular:
- Plan F – the most comprehensive coverage for deductibles, coinsurance, and excess charges. However, enrollment is limited to those who became eligible for Medicare before Jan. 1, 2020.
- Plan G – similar to Plan F, and is among the most comprehensive plans offered but doesn’t cover the Medicare Part B deductible.
- Plan N – coverage similar to Plan G but involves some cost-sharing for certain services, including copays and coinsurance.
Please note that Allstate does not offer Medicare Supplement plans in Connecticut, Hawaii, Maine, Massachusetts, New Hampshire, New York, Rhode Island, Vermont, and Washington.
What Are the Perks for an Allstate Policyholder?
As an Allstate policyholder, you gain access to a range of benefits, including the Active&Fit fitness program, nationwide coverage to see any Medicare-accepting provider, a policy that is guaranteed to be renewable for life (given premiums are paid on time), a no-referral requirement when seeing specialists, and a 30-day trial period with no obligation to keep the policy.
Moreover, Allstate provides a user-friendly website and mobile app to manage policies and pay bills. This makes it easy to access policy information, make necessary changes, and pay bills on the go.
Does Allstate Offer Discounts?
Allstate provides an array of stackable discounts that can yield up to 25% savings:
| Discount | Percentage | Eligibility |
|---|---|---|
| Roommate Household | 7% | Available to individuals living with a person aged 50 or older for one year or more. |
| Dual Applicant | 10% | Two individuals from the same household apply for plans simultaneously – includes a 7% roommate discount plus an additional 3%. |
| Annual Pay | 10% | Opt for annual payment and receive a 10% discount. |
| Activity Tracker | 5% | Register a Fitbit, Apple Watch, or other wearable fitness devices for a 5% discount. |
It’s important to note that eligibility requirements and discount amounts may differ depending on the state.
How Much Is a Medigap Plan With Allstate?
Premiums for Plan G can vary between $100 and over $250, influenced by factors like age, gender, location, and tobacco use. Plan N’s range can be from $85 to over $200, determined by the same set of factors.
Take a closer look at how Allstate’s Medigap rates stack up against those of other top Medigap providers.
| Medigap Plan | Allstate | Aflac | Aetna | Cigna |
|---|---|---|---|---|
| G | $134 | $157 | $160 | $165 |
| F | $169 | $181 | $187 | $185 |
| N | $101 | $112 | $104 | $116 |
| A | $135 | $161 | $129 | $143 |
| These sample quotes are for a 65-year-old non-smoking male living in GA zip code 30306 without any household discounts. | ||||
Based on our evaluation, Allstate typically offers 10% more affordable premiums on average.
- 16.5% lower premiums for Plan G
- 8.3% lower premiums for Plan F
- 8.7% lower premiums for Plan N
- 6.5% lower premiums for Plan A
If you want a more precise premium estimate that fits your situation or if you have any questions about enrollment, we suggest reaching out to one of our licensed insurance agents.
Allstate’s Customer and Financial Ratings
Although there are a few negative reviews about Allstate, most feedback is highly positive. Customers particularly appreciate the excellent customer service, efficient claims handling, the affordability of premiums, and the convenience of online access.
Several independent rating agencies have commended Allstate for its strong financial stability, including:
- A+ rating from A.M. Best
- AA- rating from S&P
- A1 rating from Moody’s
Does Allstate Offer Dental Insurance?
Allstate provides dental insurance policies, offering three levels of coverage for an additional premium.
- The Basic plan is cost-effective, covering preventive care and minor dental procedures.
- The Intermediate plan balances affordability and broader coverage, including minor restorative procedures.
- The Premium plan provides comprehensive coverage, including major restorative procedures and orthodontic treatments, ideal for customers seeking extensive dental care.
Pro tip: When you apply for a Medicare Supplement plan and pair it with a dental plan, you qualify for a 10% bundling discount.
Bottom Line
With a comprehensive range of coverage options, competitive pricing that offers value for your money, perks exclusively available to Allstate policyholders, and a solid financial rating, we believe Allstate is a trustworthy and reliable choice for Medicare Supplement insurance.
Sources: Allstate Medigap Info | Enroll in Medigap | Compare Plans
FAQs
Does Allstate offer Medigap plans in all states?
Allstate does not offer Medigap plans in the following states: Connecticut, Hawaii, Massachusetts, Maine, New Hampshire, New York, Rhode Island, Vermont, and Washington.
Does Allstate offer Medicare Advantage plans?
No, Allstate does not provide Medicare Advantage plans.
