|Plan Type||Est. Premium*|
|Medigap Plan A:||$120.51||(shop rates)|
|Medigap Plan B:||$142.00||(shop rates)|
|Medigap Plan C:||$163.48||(shop rates)|
|Medigap Plan D:||$150.40||(shop rates)|
|Medigap Plan F:||$164.42||(shop rates)|
|Medigap Plan G:||$151.34||(shop rates)|
*Premiums shown are samples for a 65 year old, non-smoking woman in Florida. You must request a quote to get an exact premium for your situation.
The Florida State Board of Insurance has licensed Transamerica Financial Life Insurance Co to sell Transamerica Medigap plans (Medicare Supplement insurance) to Florida seniors with Medicare benefits. Medicare Supplements help pay the deductibles, copayments and coinsurance that come with Original Medicare. The underwriter has been selling supplemental insurance in Florida for over 7 years. Their plan offerings are outlined below. A.M. Best Company, a nationally recognized insurance rating company, gave Transamerica an A+ rating.
All insurance companies that sell Medicare Plans must offer Plan A. This is the most basic policy covering the portions of Medicare Part A and Part B that the government doesn’t pay.
Florida seniors with Medicare benefits are eligible to apply for a Transamerica Financial Life Insurance Co Medigap Plan A policy. It's a Issue Age based premium. We recommend comparing this company's Plan A rate with these carriers:
- USAA Life Medigap Plan A (Florida)
- UnitedHealthcare Medigap Plan A (Florida)
- BCBS of Florida Medigap Plan A (Florida)
Plan B is available in most states. It covers basic benefits plus your Skilled Nursing coinsurance, but nothing else. In some rare cases, the premium for this policy could make it worth taking on the risk of those things not covered. Most people find a better alternative by choosing a Plan D, G, or H at a similar price.
You can get Plan B in Florida from Transamerica Financial Life Insurance Co . They use the Issue Age cost method to calculate their monthly rates. Before making your final decision, you might want to compare premiums with these carriers:
- UnitedHealthcare Medigap Plan B (Florida)
- BCBS of Florida Medigap Plan B (Florida)
- Colonial Penn Medigap Plan B (Florida)
Plan C covers every penny of what Medicare approves, up to the approved payment amount. In other words, there are only two instances in which Plan C will not cover what is left of your charges after Medicare pays its share. The first instance is when Medicare doesn’t approve the charge at all. The second is when your healthcare provider charges more than the Medicare approved amount. This is because Plan C does not cover Medicare Part B Excess Charges.
If you take care to avoid the Medicare Part B excess charges, this is an attractive policy, and Transamerica Financial Life Insurance Co offers it in Florida. The monthly premium is calculated using the Issue Age cost method. Before you make a final decision, be sure to compare. Here are a few companies with good rates:
- UnitedHealthcare Medigap Plan C (Florida)
- BCBS of Florida Medigap Plan C (Florida)
- United American Medigap Plan C (Florida)
Plan D covers most of the high risk areas not covered by Medicare. Most often the premium for a Plan D is less than the more comprehensive plans, like Plan F and G, but it leaves gaps in the coverage that these plans don’t.
People who choose this plan frequently do so because they are willing to risk the potential expense of the Part B deductible, preventative care and Medicare Part B excess charges. Before purchasing this plan be sure to compare rates on Plan F and G, as well.
Transamerica Financial Life Insurance Co offers a Plan D policy in Florida. It's not the most common plan, but here are a couple carriers we think you should check out to see if they offer a better price:
- BCBS of Florida Medigap Plan D (Florida)
- United American Medigap Plan D (Florida)
- Sterling Investors Medigap Plan D (Florida)
Plan F is the most popular of all supplements. It offers comprehensive coverage for everything Original Medicare doesn’t cover as long as the charge is approved.
There are No Co Pays, No Deductibles and No Out of Pocket Costs with Plan F. That means if your Medicare Part A or Part B pay a penny on any doctor or hospital charges, this policy will cover the gap. Period.
The two gaps that are not covered are At Home Recovery and Preventative Care. These expenses are not covered by Medicare at all.
Plan F is by far the most commonly purchased Medicare supplement in Florida. Transamerica Financial Life Insurance Co offers a good Medigap Plan F, however, don't forget to compare prices. Make sure you're getting the lowest premium available in Florida by comparing quotes from these insurance carriers:
- USAA Life Medigap Plan F (Florida)
- UnitedHealthcare Medigap Plan F (Florida)
- BCBS of Florida Medigap Plan F (Florida)
Plan G has almost as much coverage as a Plan F. The difference is the Part B deductible. After your annual Medicare Part B deductible is met, this plan will cover the coinsurance amount of Medicare-approved medical services, which is generally 20% of the approved amount.
If you stay in the hospital for longer than 60 days, but less than 90 days, Plan G covers your Medicare Part A coinsurance for each benefit period. For each Medicare “hospital reserve day” you use, Plan G pays the full per day Medicare Part A coinsurance amount. “Hospital reserve days” are 60 nonrenewable hospital days that Medicare provides you which can only be used once in a lifetime. After all Medicare hospital benefits are exhausted, Plan G covers 100% of Medicare Part A eligible hospital expenses.
Most experts agree that Plan G is the best alternative to the F Plan. It offers all of the same benefits, except the Part B deductible. Transamerica Financial Life Insurance Co offers a Plan G and we think it's worth comparing with the rates offered by these carriers:
- BCBS of Florida Medigap Plan G (Florida)
- Gerber Life Medigap Plan G (Florida)
- Colonial Penn Medigap Plan G (Florida)
You are eligible to apply for a Transamerica Medicare Supplement if you are:
- A resident of Florida,
- Enrolled in Medicare Parts A and B, and
- You are age 65 or over.
Transamerica offers plans in Miami, Fort Lauderdale, West Palm Beach, Tampa, Saint Petersburg, Clearwater, Orlando, Kissimmee, Sanford, Jacksonville, North Port, Sarasota, Bradenton, Cape Coral, Fort Myers, Lakeland, Winter Haven, Deltona, Daytona Beach, Ormond Beach, Palm Bay, Melbourne, Titusville and most other areas of the state.
This page is maintained by 9/22/2015.and was last updated on