The Iowa State Board of Insurance has licensed Gerber Life Insurance Co to sell Gerber Life Medigap plans (Medicare Supplement insurance) to Iowa seniors with Medicare benefits. 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 Iowa for over 3 years. Their plan offerings are outlined below. A.M. Best Company, a nationally recognized insurance rating company, gave Gerber Life 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.
Iowa seniors with Medicare benefits are eligible to apply for a Gerber Life Insurance Co Medigap Plan A policy. It's a Attained Age based premium. We recommend comparing this company's Plan A rate with these carriers:
- Globe Life Medigap Plan A (Iowa)
- World Corp Medigap Plan A (Iowa)
- UnitedHealthcare Medigap Plan A (Iowa)
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. Gerber Life Insurance Co offers a Plan G and we think it's worth comparing with the rates offered by these carriers:
- Forethought Life Medigap Plan G (Iowa)
- Assured Life Association Medigap Plan G (Iowa)
- GPM Life Medigap Plan G (Iowa)
You are eligible to apply for a Gerber Life Medicare Supplement if you are:
- A resident of Iowa,
- Enrolled in Medicare Parts A and B, and
- You are age 65 or over.
Gerber Life offers plans in Des Moines, Cedar Rapids, Davenport, Sioux City, Iowa City, Waterloo, Council Bluffs, Ames, Dubuquq, Ankeny and most other areas of the state.
This page is maintained by 9/22/2015.and was last updated on