fbpx
Call our 5-Star rated team today1-888-227-6836

Last Updated on

Manhattan Life Medicare Supplement Company Review

Last Updated on

Manhattan Life Medicare Supplement

 

Manhattan Life

Rate stability
Competitive rates
Financial Stability
Coverage Area

Overall Rating

4.5 / 5 stars

Our Take

Manhattan Life is an up and coming Medicare Supplement Company with a positive outlook. They have a B+ rating and provide good claims filing and coverage across the country.

Chat with us about your options
1-888-227-6836

Manhattan Life is one of the companies many of our customers choose for their Medicare Supplement plans. Manhattan Life Medicare Supplements may not be one of the most well-known Medigap providers, but they are a good choice for many.

Our review will give you the background for Manhattan Life, along with their offerings and pricing. You will also know if this is an option you should consider for your Supplement coverage.

 

 

Company Backstory

Manhattan Life is an old company. They were incorporated on May 29, 1850, as an upcoming life insurance company. Their first President was an entrepreneur who had worked as a hat maker, politician, and insurance agent.
Manhatten life creatively structured the company to create consumer confidence and ensure financial health. At least half of the board of directors had to be a policyholder with premiums of at least $100 per year.

Also, any policyholder whose premiums were greater than $75 were able to vote. This unique move and structure established the foundation for success and security. It also provided a model for future financial organizations.

In 1854, they issued their first group policy to a company transporting 700 immigrants by ship to the United States.
After the Civil War, Manhattan Life was known as “Old Reliable”. They contributed to the healing of the country, by paying death benefit claims to the widows of Southern soldiers. For many years, their headquarters in New York was the tallest building in the city.

In recent years, Manhattan Life moved their headquarters to Houston and is part of the Manhattan Life Insurance Group. The Manhatten Group includes Central United, Western United, and Family Life. Each one of the subsidiaries also offers Medigap plan, but they could vary by where you live.

A.M. Best has given Manhattan life a B+ rate, which means they are financially secure.

 

Products and Features

Manhattan Life offers 5 of the available Medicare Supplement plan. These are Plan A, C, F, G, & N.

Like other companies, the benefits of the plans are mandated by the federal government.
Here is a brief summary of the details of each plan:

Healthcare Benefits

Medicare Supplement Plan A

  • Medicare Part A hospital coinsurance
  • Medicare Part A supplemental hospital care (additional 365 days after Medicare benefits end)
  • Medicare Part A coinsurance for hospice care
  • Medicare Part B coinsurance for hospital outpatient services (generally 20% of costs approved by Medicare)
  • First 3 pints of blood each year

 

Medicare Supplement Plan C

  • Plan C provides all the basic benefits on Plan A with these extra benefits:
  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B deductible for qualified medical and hospital services, generally for outpatient services
  • Foreign travel medical emergency coverage

 

Medicare Supplement Plan F

  • Plan F includes the basics of Plan A and also the most complete collection of Medicare Supplement coverages available. It covers 100% of all the Medicare gaps.
  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B deductible for qualified medical and hospital services, generally for outpatient services
  • Part B excess charges benefit for charges exceeding the normal Part B limit
  • Foreign travel medical emergency coverage

 

Medicare Supplement Plan G

Plan G provides all of the basic benefits of A plus extra coverage for hospitalization, but not the Part B deductible. Next to Plan F this is the second most comprehensive plan. Often the savings on this plan will fund any deductible you might pay.

  • Part A hospital deductible for inpatient services
  • Skilled nursing facility coinsurance (for days 21 – 100)
  • Part B excess charges benefit for charges exceeding the normal Part B limit
  • Foreign travel medical emergency coverage

If you are interested in Plan F, you should get quotes on Plan G as well.

 

Medicare Supplement Plan N

Plan N is becoming more popular because many consumers are willing to absorb copays for a lower premium. Premiums are lower than G, with similar benefits. You do agree to pay some doctor copays and the Part B Deductible which lowers the cost. Here are the benefits:

  • Part A coinsurance (generally 20% of costs approved by Medicare) – for hospital outpatient services
  • Part B hospital deductible for inpatient services is covered. You are only repsonsbile for a $50 ER copayment and/or a $20 copayment for a doctor’s office visit.
  • Skilled nursing facility coinsurance (for days 21-100)
  • Foreign travel medical emergency coverage

Insurance Policy Icon

Manhattan Life Medicare Supplement Pricing

Many of our customers find Manhattan Life very competitive. Manhattan Life offers a 7% household discount on their Medicare supplemental insurance. Married couple or any 2 people who live together and are over 60 years old will qualify. Remember there may be states where the discount is not available such as Ohio. If you are interested in Manhattan Life, they can be difficult to find pricing on their site. We have access to their rates and can run your numbers on their products. Because they tend to be competitive, they are often a company we offer in our quote comparisons.

  • Plan A: $86.31
  • Plan F: $107.5
  • Plan G: $81.91
  • Plan N: $72.16

*The rates above are based on zip code 24531 in Pittsylvania County, Virginia.

What Makes Manhattan Life Different and a Good Choice for You

You can count on Manhattan Life Group for very good customer service. They have an A+ rating with the Better Business Bureau (BBB).
Many companies will underwrite your health history aggressively, and this could cause much higher rates. You may even be declined for coverage. If you are searching for a new company with more competitive rates, this can be a problem.
Not for Manhattan Life. As long as you only one “Yes” answer to health issues, you can still be written with Manhattan Life. Tests for blood thinners and routine glucose testing are generally accepted, as long as they don’t indicate serious illness.
Health Qualifications

Here is a list of conditions that would have caused a declination prior to this year. However, if you have been treated for any in this list, Manhattan Life will consider your application.

  • Coronary artery disease
  • Angina
  • Heart attack
  • Aortic cardiac aneurysm
  • Peripheral artery disease
  • Peripheral venous thrombotic disease
  • Vascular angioplasty
  • Endarterectomy
  • Carotid artery disease
  • Internal cancer leukemia
  • Melanoma
  • Hodgkin’s disease
  • Lymphoma
  • Cardiac angioplasty
  • Bypass surgery
  • Stent replacement
  • Cardiomyopathy
  • Congestive heart failure

Diabetics using an insulin pump or with kidney disease or using dialysis will not be accepted. Strokes or pulmonary issues also are rejected. The regular us medication containing narcotics accepted. These are medicines such as Oxycodone, Oxycontin, Fentanyl, etc.
Tobacco users are considered a higher risk for future health risks.

Because of this, Manhattan Life is stricter than many companies regarding tobacco use. To receive their preferred rates, you must be a full 5 years without any tobacco use. If you have been tobacco-free for 5 years, you can be re-rated to Preferred rates. Be ready to fill out a tobacco questionnaire, and have it confirmed by your family doctor.

Applicants with recent surgery are not a problem if all follow-up treatment has been completed. You will also need verification from your doctor that you have been released from surgical care.

 

Claims Experience
Medicare is the final arbiter on whether claims are paid or not. But it is important that the carrier you choose has efficient claims processes. You also want a company that makes reporting claims very easy.

Manhattan Life Insurance has consistently high reviews regarding all their claims process. Medicare rating agencies give Manhattan life 4.7 out of 5 stars.

 

Other Products

Manhattan Life doesn’t only sell Medicare Supplement plans. They also sell:

  • Accident insurance
  • Cancer insurance
  • Critical care insurance
  • Dental insurance
  • Vision insurance
  • Disability insurance

Take Action Now

Summary

Manhattan Life is a strong company with a long history of customer satisfaction. If you’ve had some health issues, Manhattan can be a good fit with competitive rates.

Next Steps
Don’t forget! The initial open enrollment period takes place the year you turn 65. It begins 3 months before your birth month and continues for another three months. The initial open enrollment is critical. An insurance company can not reject your application during this window, even if you have adverse health conditions. After this period, rates and acceptability can be much different.

Because we are a broker, we look at your unique situation and provide a range of quotes with multiple companies. It’s our job to find the best product for your insurance budget. We can help you decide between similar pricing between companies because we know their history and experience with our other customers.

 

Contact us today

P. S. Also, remember Medicare supplements do not include Medicare Part D drug coverage.We can help. During your coverage review, we will do an analysis of your ongoing medications. This assists us in finding the most cost-effective Prescription drug plan.

 

1-888-227-6836

Manhattan Life

Rate stability
Competitive rates
Financial Stability
Coverage Area

Overall Rating

4.5 / 5 stars

Our Take

Manhattan Life is an up and coming Medicare Supplement Company with a positive outlook. They have a B+ rating and provide good claims filing and coverage across the country.

Chat with us about your options
1-888-227-6836

Privacy Policy | Terms of Service