Medicare Supplement Quotes

Medico Company Review

Written by Jason Patterson

If you’re apart of Medicare, then you may be familiar with the many out-of-pocket expenses you can still be charged with, such as deductibles, copayments, and coinsurance. Depending on how much you visit your medical professionals, these costs could begin to add up. Because of this, you can help to protect yourself with a Medicare Supplement insurance plan.

Medicare Supplement is designed to cover the “gaps” that are left by Medicare. These plans are commonly known as Medigap plans. There are 10 plans. 

But, before you purchase a Medicare Supplement plan, it will be important that you ensure that you check and compare premium quotes. These policies are standardized by the government.

Regardless of which carrier you choose, the protection is going to be the same. Even though the protection is the same, the premiums won’t be. You need to do some quote hunting before you choose the company.

In addition to checking the premium prices, you should check the financial strength and stability of the insurance company that you are buying the plan through. You need a company who is concerned with your needs and offers quality protection. One of those companies is Medico Insurance Company.

The History of Medico

medico company reviewMedico Insurance Company has been in the business of offering insurance coverage since 1930. The company has been offering solid coverage products to those who are in the mature market. In fact, the company has been offering such products even before the introduction of the Medicare program itself.

In 1975, Medico started to offer Medicare Supplement plans, and it has continued to do so ever since. Medico Insurance Company is licensed in 47 of the U.S. states, and its subsidiary company, Medico Corp Life Insurance Company, is licensed in 45 states.

But the company was not always referred to as Medico Insurance Company. In 2006, Medico Mutual Insurance Holding Company was formed, and Mutual Protective was reorganized to a stock company. This company was named Medico Insurance Company.

Just two years later, in 2008, Medico Insurance Company started offering an innovative product to its customers. This was a Dental, Vision, and Hearing insurance policy. In 2012, Medico Insurance Company merged with American Enterprise.

Later, in 2014, Medico Insurance Company started to offer a Hospital Indemnity Insurance Plan. That same year, Medico Corp Life Insurance Company also started to offer Medicare Supplement insurance plans.

Medico Company Review

Today, Medico Insurance Company is a quality name in the insurance market. The company’s overall vision is to build a successful family of companies that embrace its values, keeps its promises, and fosters dynamic growth.

Medico has some key values, which include:

  • Integrity – This means that the company conducts its business in an honest, fair, and ethical way, and it also keeps the promises that it makes to its customers, as well as to its agents, its employees, it business partners, and the communities in which it serves.
  • Customer Focus and Market Drive – Being customer focused means that Medico knows and understands all of the products and the services that if offers to its customers, and that the company sells and distributes products that meet each customer’s specific needs. Market drive means that Medico concentrates on serving customers in its chosen market.
  • Working Together – Working together means that each of the Medico employees and agents take ownership for the work that must be done and that these individuals willingly work together with others to ensure that everyone uses his or her unique talents in achieving the results that are desired. These should also be in line with the results that customers expect.
  • Results Driven – Results are the end state that is desired at Medico. Being focuses on results means that the company and its agents know very well how to measure results and that these individual also have strategies in place to accomplish them.
  • Continuous Improvement – At Medico, continuing to improve means that the company relentlessly pursue improvements that will benefit the company’s customers, as well as its employees. This includes improvements that create a higher level of customer satisfaction and retention, and that can also help with increasing efficiencies and reducing expenses.
  • Profit and Sustained Growth – Profitable growth is the type of growth that can add value to the company. Sustainable growth is substantial enough in the short term or repeatable in the long term to be worthwhile.
  • Positive Work Environment – Medico also strives to maintain a positive working environment. This is one which can enable individuals to make the most of their abilities and their potential, while at the same time balancing their work and family lives.

Medico Insurer Ratings and BBB Grade

Medico Insurance Company – as well as Medico Corp Life Insurance Company – are both rated as an A- (Excellent) by A.M. Best Company. This is the fourth highest rating out of a possible 15 that are given by A.M. Best.

Medico doesn’t have accreditation from the BBB, but they do have an A+ rating.

Medico Insurance Company has only closed one customer complaint through the Better Business Bureau, and they have had no customer complaints closed in the past year.

Which Medicare Supplement Insurance Plans Does Medico Offer?

Medico Insurance Company offers many of the Medicare Supplement insurance plans. This can be helpful for consumers in that they can pick and choose which plan is best for them, based on their individual needs.

Plans offered by Medico Insurance Company:

  • Plan A
  • Plan B
  • Plan C
  • Plan D
  • Plan F
  • High Deductible Plan F
  • Plan G
  • Plan M
  • Plan N

Plan A of Medicare Supplement offers a set of core benefits. These benefits are:

  • Medicare Part A coinsurance and hospital expenses – up to an additional 365 days after Medicare benefits have been used up
  • Medicare Part B copayment or coinsurance
  • First three pints of blood per year
  • Medicare Part A hospice care coinsurance or copayment amount

The other plans that are offered can vary and should be chosen based on anticipated health care needs and costs going forward. For example, for a much more comprehensive plan alternative, an individual may opt for Plan F. That is because Medicare Supplement Plan F includes the following coverage:

  • Medicare Part A coinsurance and hospital expenses – up to an additional 365 days after Medicare benefits have been used up
  • Medicare Part B copayment or coinsurance
  • First three pints of blood per year
  • Medicare Part A hospice care coinsurance or copayment amount
  • Skilled nursing facility care coinsurance amount
  • Medicare Part A deductible amount
  • Medicare Part B deductible amount
  • Medicare Part B excess charge
  • Foreign travel exchange – up to the plan’s limits (80 percent)

There is also a high-deductible Plan F option. As you can guess by the name, it has a much higher deductible you’ll have to meet before the insurance coverage kicks in.

Where is Medico’s Medicare Supplement Insurance Coverage Sold?

Medico offers products nationwide, but for those who are residents of Minnesota, Massachusetts, and Wisconsin, the Medicare Supplement plan structure may differ than those of other U.S. states. Perhaps you are looking for a Medicare Supplement in South Carolina. If so, we can help.

Other Products and Services Offered By Medico

Medico offers a variety of other products and services to the senior market. These include the following:

  • Short Term Recovery Care Insurance – Short-term recovery care insurance can help policyholders to cover their expenses while they are recovering in either an assisted living facility or a nursing home, or even while they are recovering at home. Having this coverage can help insureds from having to drain their savings or other financial source due to an unexpected illness or accident.
  • Hospital Indemnity Insurance Coverage – Unfortunately, unexpected illness and / or accidents can and do occur. And, along with these can come the high cost of hospitalization and related expenses. This plan can offer insureds a safe harbor so that expenses can remain under control.
  • Final Expense Whole Life Insurance – Today, funeral and other related final expenses can run in the range of between $7,000 and $10,000 on average. This is an amount that many families do not have readily available. This is where a final expense life insurance plan can help. Benefits are received free of income taxation to the named beneficiary so that bills can quickly be paid.
  • Dental, Vision, and Hearing Plus Insurance – Medico Insurance Company helps to cover policyholders’ vision, teeth, and hearing, which in turn, can help to enhance the quality of a person’s life.
  • Medico-Dental Plus Insurance Series – With Medico’s Dental Plus Insurance Series, there are three different benefit plans to choose from.
  • First Diagnosis Cancer Insurance – The first diagnosis cancer insurance plan can help a policyholder to handle the financial burden that can often accompany a cancer diagnosis. This policy offers a one-time benefit that is paid directly to the insured. He or she can use these funds for paying their medical cost, their ongoing living expenses, or in any other manner that they choose.

Getting Affordable Medigap

The main problem millions of seniors run into is mountains of hospital bills and healthcare fees. Medicare does a lot to pay for these bills, but in most cases, it doesn’t do enough.

You can’t change your Medicare coverage, but you can buy additional protection. If you want Medigap insurance, there are plenty of factors to consider, like your health, your finances, your future, and much more. It can be difficult to choose between the options.

If you want to make the search simpler, give us a call. How are we different?

We aren’t tied down to a specific company out there. We are independent brokers. We can bring you a dozen quotes in minutes.

Call us at 800-376-0824.


About us
About us

Jason Patterson has been in the insurance industry for over fifteen years. Starting in 2005, he became one of the first agents to sell medicare supplements online. From that small start, he grew an agency that helped thousands of people with their insurance needs in all fifty states.

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