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.
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. 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:
- A.M. Best: A
- Fitch: A+
- Moody’s: A1
- Standard & Poor’s: A+
- Better Business Bureau: A-
- J.D. Power & Associates: 732
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:
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.
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
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 | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Hospitalization | |||
| First 60 Days | All But $1408 | $1408 (Part A Deductible) | $0 |
| 61st Through 90th Day | All 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) | $0 | 100% of Eligible Expenses | $0 |
| Beyond the Additional 365 Days | $0 | $0 | All Costs |
| Skilled Nursing Facility Care | |||
| First 20 Days | All Approved Amounts | $0 | $0 |
| 21st Through 100th Day | All But $176.00 a Day | Up to $176.00 a Day | $0 |
| 101st Day and After | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Additional Amounts | 100% | $0 | $0 |
| Hospice Care | |||
| You must meet Medicare’s requirements, including a doctor’s certification of terminal illness | All but very limited copayment / coinsurance for outpatient drugs and inpatient respite care | Medicare copayment / coinsurance | $0 |
Part B | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Medical Expenses | |||
| 1st $198 of Approved Amounts | $0 | $198 (Part B Deductible) | $0 |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Part B Excess Charge | $0 | 100% | $0 |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Next $198 of Approved Amounts | $0 | $198 (Plan B Deductible) | $0 |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Clinical Laboratory Services | |||
| Tests for Diagnostic Services | 100% | $0 | $0 |
| Foreign Travel | |||
| 1st $250 each calendar year | $0 | $0 | $250 |
| Remainder of Charges up to a lifetime maximum of $50,000 | $0 | 80% | 20% |
Medicare Supplement Plan G Benefits
Part A | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Hospitalization | |||
| First 60 Days | All But $1408 | $1408 (Part A Deductible) | $0 |
| 61st Through 90th Day | All 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) | $0 | 100% of Eligible Expenses | $0 |
| Beyond the Additional 365 Days | $0 | $0 | All Costs |
| Skilled Nursing Facility Care | |||
| First 20 Days | All Approved Amounts | $0 | $0 |
| 21st Through 100th Day | All But $176.00 a Day | Up to $176.00 a Day | $0 |
| 101st Day and After | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Additional Amounts | 100% | $0 | $0 |
| Hospice Care | |||
| You must meet Medicare’s requirements, including a doctor’s certification of terminal illness | All but very limited copayment / coinsurance for outpatient drugs and inpatient respite care | Medicare copayment / coinsurance | $0 |
Part B | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Medical Expenses | |||
| 1st $198 of Approved Amounts | $0 | $0 | $198 (Part B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Part B Excess Charge | $0 | 100% | $0 |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Next $198 of Approved Amounts | $0 | $0 | $198 (Plan B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Clinical Laboratory Services | |||
| Tests for Diagnostic Services | 100% | $0 | $0 |
| Foreign Travel | |||
| 1st $250 during 1st 60 days | $0 | $0 | $250 |
| Remainder of Charges up to a lifetime maximum of $50,000 | $0 | 80% | 20% |
Medicare Supplement Plan N Benefits
Part A | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Hospitalization | |||
| First 60 Days | All But $1408 | $1408 (Part A Deductible) | $0 |
| 61st Through 90th Day | All 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) | $0 | 100% of Eligible Expenses | $0 |
| Beyond the Additional 365 Days | $0 | $0 | All Costs |
| Skilled Nursing Facility Care | |||
| First 20 Days | All Approved Amounts | $0 | $0 |
| 21st Through 100th Day | All But $176.00 a Day | Up to $176.00 a Day | $0 |
| 101st Day and After | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Additional Amounts | 100% | $0 | $0 |
| Hospice Care | |||
| You must meet Medicare’s requirements, including a doctor’s certification of terminal illness | All but very limited copayment / coinsurance for outpatient drugs and inpatient respite care | Medicare copayment / coinsurance | $0 |
Part B | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Medical Expenses | |||
| 1st $198 of Approved Amounts | $0 | $0 | $198 (Part B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Balance, Other than Copays | Up to $20/$50 Copays, Emergency visit copay waived if admitted |
| Part B Excess Charge | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Next $198 of Approved Amounts | $0 | $0 | $198 (Plan B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Clinical Laboratory Services | |||
| Tests for Diagnostic Services | 100% | $0 | $0 |
| Foreign Travel | |||
| 1st $250 each calendar year | $0 | $0 | $250 |
| Remainder of Charges up to a lifetime maximum of $50,000 | $0 | 80% | 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)
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.
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.
