Transamerica Medicare Supplement

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Transamerica Medicare Supplement

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Transamerica Medicare Supplement

Just imagine how much you could be charged from a doctor or hospital if you didn’t have insurance. Remember that you’re on the hook for 20% of the costs of care and Original Medicare covers 80%.  A Transamerica Medicare Supplement can help protect you from any unexpected Medicare costs that can pop up at anytime. REMEDIGAP is a licensed broker and we’re proud to offer Transamerica Medicare Supplements to our clients. 

In this article we’ll discuss:

About Transamerica

Transamerica is one of the top Medicare Supplement companies available. They began over a century ago as the Bank of Italy, located in San Francisco in 1904.

transamerica medicare supplement

In 1928, the Bank of Italy merged with Bank of America. Fast forward a couple years and they acquired the Occidental Life Insurance Company through their newly created holding company, Transamerica Corporation.

Transamerica Ratings

Transamerica has received positive reviews from all of the major rating organizations. Transamerica insurance ratings can be seen below:

Transamerica Details

DETAILS RATING
A.M. Best Rating: A+
Standard & Poor’s: A+
Moody's: A1
Fitch: A+
J.D. Power & Associates: 732
Better Business Bureau: A-
Phone: 1-800-797-2643
Address: 4333 Edgewood Road NE, Cedar Rapids, IA 52499
Website: https://www.transamerica.com

Transamerica Medicare Supplement Reviews

With a Medicare Supplement policy from Transamerica you will get the following:

  • 30-day free-look-period
  • Guaranteed renewable health insurance coverage
  • See any physician that accepts Medicare
  • Initial 12-month rate lock-in

Advantages of working With Transamerica:

  • Easy electronic application
  • Policies issued usually in 3-5 days
  • Simple, no hassle customer service

Which Medicare Supplement Insurance Plans Does Transamerica Offer?

Transamerica sells the most popular Medigap plans:

How much do Transamerica medicare supplement plans cost?

Premiums for Transamerica Medicare supplement plans vary depending on a several factors. These can include your location, gender, age, tobacco use and your health. To get an idea of accurate rates of the most popular Medigap plans F, G, and N we can provide you a custom quote. Get started by clicking on "GET QUOTES" on this page.

Let’s take a look at the most common Transamerica Medicare Supplement insurance plans.

transamerica medicare supplement plan f

Transamerica Medigap Plan F is the most comprehensive Medicare Supplement plan that you can buy. Plan F will pay for all of your Medicare-approved services.  With a Transamerica Medicare Supplement, you can receive healthcare services from any physician or hospital that participates in Original Medicare.

Transamerica supplemental Medicare insurance helps covering the coverage gaps you’ll have with Medicare. It covers both your Medicare Part A and B deductibles and your 20% coinsurance for Medicare-covered services that you would otherwise pay for yourself.

Note, Plan F is only available if you are Medicare eligible before January 1, 2020.

transamerica medicare supplement plan g

Transamerica Medigap Plan G is a better value compared to Plan F.  It’s possible to get a lower premium on a Plan G because you (the policyholder) must satisfy the annual Part B Deductible before the plan starts paying.

Medicare Supplement Plan G coverage includes:

  • Medicare Part A hospice copayment or coinsurance 
  • Medicare Part A hospital deductible
  • Medicare Part B copayment or coinsurance
  • Part B excess charges
  • Your first 3 pints of blood
  • Coinsurance for skilled nursing facility (SNF)
  • Foreign travel medical emergency benefit.
  • (Plan G does not include your Part B Deductible)*

Transamerica Medicare Supplement insurance Plan G is very appealing to shoppers because of the predictable out-of-pocket costs. Be sure to check up our review  of Plan F vs Plan G to compare their coverage differences.

transamerica medicare supplement plan n

Transamerica Medigap Plan N is becoming a popular option. Plan N is great for  people that don’t visit their physician frequently. It’s also good for recent retirees who are familiar and comfortable with copays, deductibles and coinsurance. Here are the out-of-pocket expenses that are associated with Medigap plan N:

  • Doctor’s office visit: $0 – $20 copay
  • Emergency room visit (unless admitted; then waived): $50 copay
  • Medicare Part B excess charges (not covered by Plan N)
  • Medicare Part B deductible (not covered by Plan N)

The savings you get from Plan N can make the out-of-pocket expenses worth it. We can check the Medicare Supplement Plan N premiums in your area and quickly see if it’s a better value for your money.

As of January 1, 2020, Plans C, F and High Deductible F cannot be sold to those newly eligible for Medicare. Newly eligible is defined as anyone who: (a) attains age 65 on or after January 1, 2020

Medicare

transamerica medicare plan benefits

Here’s a breakdown of services and costs. 

You’ll be able to review Part A & B Services; what Original Medicare pays; what Plans F, G and N pays; and what you’ll pay.

Medicare Supplement Plan F Benefits

Part A

ServicesMedicare PaysThis Plan PaysYou Pay
Hospitalization
First 60 DaysAll But $1408$1408 (Part A Deductible)$0
61st Through 90th DayAll But $352 a Day$352 a Day$0
91st Day and After (60 Reserve Days)All But $704 a Day$704 a Day$0
After Reserve (Additional 365 Days)$0100% of Eligible Expenses$0
Beyond the Additional 365 Days$0$0All Costs
Skilled Nursing Facility Care
First 20 DaysAll Approved Amounts$0$0
21st Through 100th DayAll But $176.00 a DayUp to $176.00 a Day$0
101st Day and After$0$0All Costs
Blood
First Three Pints$0100%$0
Additional Amounts100%$0$0
Hospice Care
You must meet Medicare’s requirements, including a doctor’s certification of terminal illnessAll but very limited copayment / coinsurance for outpatient drugs and inpatient respite careMedicare copayment / coinsurance$0

Part B

ServicesMedicare PaysThis Plan PaysYou Pay
Medical Expenses
1st $198 of Approved Amounts$0$198 (Part B Deductible)$0
Remainder of Approved AmountsGenerally 80%Generally 20%$0
Part B Excess Charge$0100%$0
Blood
First Three Pints$0100%$0
Next $198 of Approved Amounts$0$198 (Plan B Deductible)$0
Remainder of Approved AmountsGenerally 80%Generally 20%$0
Clinical Laboratory Services
Tests for Diagnostic Services100%$0$0
Foreign Travel
1st $250 each calendar year$0$0$250
Remainder of Charges up to a lifetime maximum of $50,000$080%20%

Medicare Supplement Plan G Benefits

Part A

ServicesMedicare PaysThis Plan PaysYou Pay
Hospitalization
First 60 DaysAll But $1408$1408 (Part A Deductible)$0
61st Through 90th DayAll But $352 a Day$352 a Day$0
91st Day and After (60 Reserve Days)All But $704 a Day$704 a Day$0
After Reserve (Additional 365 Days)$0100% of Eligible Expenses$0
Beyond the Additional 365 Days$0$0All Costs
Skilled Nursing Facility Care
First 20 DaysAll Approved Amounts$0$0
21st Through 100th DayAll But $176.00 a DayUp to $176.00 a Day$0
101st Day and After$0$0All Costs
Blood
First Three Pints$0100%$0
Additional Amounts100%$0$0
Hospice Care
You must meet Medicare’s requirements, including a doctor’s certification of terminal illnessAll but very limited copayment / coinsurance for outpatient drugs and inpatient respite careMedicare copayment / coinsurance$0

Part B

ServicesMedicare PaysThis Plan PaysYou Pay
Medical Expenses
1st $198 of Approved Amounts$0$0$198 (Part B Deductible)
Remainder of Approved AmountsGenerally 80%Generally 20%$0
Part B Excess Charge$0100%$0
Blood
First Three Pints$0100%$0
Next $198 of Approved Amounts$0$0$198 (Plan B Deductible)
Remainder of Approved AmountsGenerally 80%Generally 20%$0
Clinical Laboratory Services
Tests for Diagnostic Services100%$0$0
Foreign Travel
1st $250 during 1st 60 days$0$0$250
Remainder of Charges up to a lifetime maximum of $50,000$080%20%

Medicare Supplement Plan N Benefits

Part A

ServicesMedicare PaysThis Plan PaysYou Pay
Hospitalization
First 60 DaysAll But $1408$1408 (Part A Deductible)$0
61st Through 90th DayAll But $352 a Day$352 a Day$0
91st Day and After (60 Reserve Days)All But $704 a Day$704 a Day$0
After Reserve (Additional 365 Days)$0100% of Eligible Expenses$0
Beyond the Additional 365 Days$0$0All Costs
Skilled Nursing Facility Care
First 20 DaysAll Approved Amounts$0$0
21st Through 100th DayAll But $176.00 a DayUp to $176.00 a Day$0
101st Day and After$0$0All Costs
Blood
First Three Pints$0100%$0
Additional Amounts100%$0$0
Hospice Care
You must meet Medicare’s requirements, including a doctor’s certification of terminal illnessAll but very limited copayment / coinsurance for outpatient drugs and inpatient respite careMedicare copayment / coinsurance$0

Part B

ServicesMedicare PaysThis Plan PaysYou Pay
Medical Expenses
1st $198 of Approved Amounts$0$0$198 (Part B Deductible)
Remainder of Approved AmountsGenerally 80%Balance, Other than CopaysUp to $20/$50 Copays, Emergency visit copay waived if admitted
Part B Excess Charge$0$0All Costs
Blood
First Three Pints$0100%$0
Next $198 of Approved Amounts$0$0$198 (Plan B Deductible)
Remainder of Approved AmountsGenerally 80%Generally 20%$0
Clinical Laboratory Services
Tests for Diagnostic Services100%$0$0
Foreign Travel
1st $250 each calendar year$0$0$250
Remainder of Charges up to a lifetime maximum of $50,000$080%20%

Where are Transamerica Medicare Supplements Sold?

Transamerica Premier Medicare Supplement insurance plans can be purchased in the majority of states. Prices may vary depending on your zip code and state.

Other Products and Services Offered By Transamerica

Transamerica provides a long list of insurance, investment and financial products. So if you’re looking for financial protection or wealth accumulation products, Transamerica has something for you.

They offer products such as:

  • Medicare Supplements
  • Life Insurance
  • Long Term Care Insurance
  • Annuities
  • Mutual Funds
  • Individual Retirement Accounts (IRAs)

How much do Transamerica medicare supplement plans cost?

Premiums for Transamerica Medicare supplement plans vary depending on a several factors. These can include your location, gender, age, tobacco use and your health. To get an idea of accurate rates of the most popular Medigap plans F, G, and N we can provide you a custom quote. Get started by clicking on "GET QUOTES" on this page.

Transamerica Medicare Supplement Rates

We know price is an important factor in what policy you buy. Transamerica offers very competitive rates across the United States. For the most current rates, use our Medigap calculator on our website. Medicare supplement prices vary depending on your age, state and other factors.

Our Recommendation

Transamerica is a solid Medicare Supplement company.  They’ve been in the insurance business for many years. Along with excellent customer service, you can count on your claims being paid on time.  Transamerica continues to keep their Medicare Supplement premiums competitive.

However, they’re only one of the many top companies available. The best company may depend on where you live. It’s possible that insurers like Cigna, United World Life, Bankers Fidelity or another carrier may provide a better deal. 

To get free quotes on Transamerica Medigap plans or if you’re wanting to enroll, please call us direct at (888) 411-1329.  We will ensure all applicable discounts are applied and confirm policy effective dates, which can affect the premium cost.

To compare quotes from Transamerica for Plans F, G and N simply fill out our online form and compare rates here.

We are happy to help you with this important decision. We are a unique insurance agency dedicated to assisting retirees with Medicare. 

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We know that Medicare can be confusing.  We also know that everyone’s situation is different. That’s why we’re here to help. Schedule your free 30-60 minute consultation now!

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