This page outlines Bankers Life & Casualty Insurance Co Medigap Plans sold in Illinois. Bankers Life is licensed with the Illinois State Board of Insurance to sell Medicare Supplement insurance. A Medicare Supplement protects you from hospital and doctor bills, including deductibles, copayments and coinsurance, that Original Medicare does not pay. The underwriter has been selling supplemental insurance in Illinois for over 33 years. Their plan offerings are outlined below. You can buy from Bankers Life with confidence. They earned a B+ rating from A.M. Best Company, nationally recognized for their financial analysis of insurance carriers.
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 Illinois from Bankers Life & Casualty Insurance Co . They use the Attained Age cost method to calculate their monthly rates. Before making your final decision, you might want to compare premiums with these carriers:
- Central States Medigap Plan B (Illinois)
- American Continental Medigap Plan B (Illinois)
- KSKJ Life Medigap Plan B (Illinois)
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 Bankers Life & Casualty Insurance Co offers it in Illinois. The monthly premium is calculated using the Attained Age cost method. Before you make a final decision, be sure to compare. Here are a few companies with good rates:
- Central States Medigap Plan C (Illinois)
- Philadelphia American Medigap Plan C (Illinois)
- KSKJ Life Medigap Plan C (Illinois)
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 Illinois. Bankers Life & Casualty 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 Illinois by comparing quotes from these insurance carriers:
- Combined Medigap Plan F (Illinois)
- Heartland National Medigap Plan F (Illinois)
- Mutual of Omaha Medigap Plan F (Illinois)
You are eligible to apply for a Bankers Life Medicare Supplement if you are:
- A resident of Illinois,
- Enrolled in Medicare Parts A and B, and
- You are age 65 or over.
Bankers Life offers plans in Chicago, Naperville, Elgin, Aurora, Rockford, Joliet, Springfield, Peoria, Waukegan, Cicero and most other areas of the state.
This page is maintained by 9/22/2015.and was last updated on