Medicare Supplement Quotes

Members Health Insurance Company

Written by Evens Stevenson

These can include inpatient hospital stays, outpatient surgeries, necessary medical equipment, and even doctor’s visits.

members health insurance

Every Medigap plan is standardized by the United States Government. This means a Plan F from one company is going to be the same as a Plan F from a different company. The key difference between carriers is the price point.

We want you to connect with the cheapest Medicare Supplement plan out there. To help, we have outlined some of the most popular carriers, like Members Health Insurance Company.

The History of Members Health Insurance Company

Members Health Insurance Company, or MHI, is a subsidiary of Farm Bureau Health Plans – which has been in the business since 1966. This is longer than any other insurance carrier has been serving the needs of Medicare enrollees.

Farm Bureau Health Plans, MHI’s parent, has been in business since 1921. So, for nearly a century, this insurer has been making life better – and more secure – for its policyholders. Within the first 25 years that the insurer was in business, it grew to become the largest Farm Bureau in the country.

The company’s mission is to offer both dependable and uncomplicated methods of saving money on health care coverage. It does so by providing numerous options for Medicare Supplement insurance coverage, as well as with Medicare Part D.

The customers who purchase coverage through Members Health Insurance Company can benefit from very affordable rates. One reason for this is because the company has an excellent reputation for managing its administrative expenses – which in turn, allows it to pass down the savings to its policyholders.

Members Health Insurance Company Review

Members Health Insurance Company shines with their stellar customer service. The representatives are available via several outlets to answer questions and provide helpful service to various needs.

MHI provides an educational resource center directly on its website so that clients and prospective policyholders can learn the important factors about Medicare Supplement insurance, and other protection options. The company’s website also includes an extensive FAQ section that helps to guide consumers to which of the many different Medicare Supplement insurance plans may be best for them, depending on the specific coverage for which they are looking.

Insurer Ratings and Better Business Bureau (BBB) Grade

As a smaller insurer, neither Members Health Insurance Company, nor its parent company Farm Bureau Health Plans, has ratings agencies such as A.M. Best, Standard & Poor’s, Moody’s, or Fitch Ratings.

Farm Bureau Health Plans, the parent company of Members Health Insurance Company, has however been an accredited from Better Business Bureau (BBB) since July 29, 2008. The Better Business Bureau has given Farm Bureau a grade of A+. Over the past three years, Farm Bureau Health Plans has not had to close out any customer complaints through the BBB.

Medicare Supplement Insurance Plans Offered Through Members Health Insurance Company

If you want options, MHI has them. They sell Plan A, Plan B, Plan C, Plan D, Plan F, Plan G, Plan M and Plan N. This can provide customers with a broad range of options to choose from, regardless of whether a basic package or a more comprehensive plan is best.

If you want low-cost Medicare Supplement insurance coverage, Plan A could be a viable alternative. Plan A provides:

  • Medicare Part A hospital copayment for days 61 through 150, as well as an additional 365 lifetime days once the enrollee’s lifetime reserve day’s end.
  • The first three pints of blood needed each year
  • Part A hospice copayment and coinsurance
  • Medicare Part B copayment

Want more protection? There is Medicare Supplement insurance Plan F, which provides the following coverage options:

  • Medicare Part A hospital copayment for days 61 through 150, as well as an additional 365 lifetime days once the enrollee’s lifetime reserve days end.
  • The first three pints of blood needed each year
  • Part A hospice copayment and coinsurance
  • Medicare Part B copayment or coinsurance
  • Medicare Part A deductible
  • Skilled nursing facility copayment (Days 21 through 100)
  • Medicare Part A deductible
  • Medicare Part B deductible
  • Medicare Part B excess charges
  • Foreign Travel Emergency coverage

2017 Medicare Supplement Insurance Comparison

 Plan APlan BPlan CPlan DPlan FPlan GPlan MPlan N
Part A coinsurance and hospital costs, up to an additional 365 days after Medicare benefits are used upYesYesYesYesYesYesYesYes
Part B coinsurance or copaymentYesYesYesYesYesYesYesYes***
Blood - the first 3 pintsYesYesYesYesYesYesYesYes
Part A hospice care coinsurance or copaymentYesYesYesYesYesYesYesYes
Skilled nursing facility care coinsurance NoNoYesYesYesYesYesYes
Part A deductibleNoYesYesYesYesYes50%Yes
Part B deductibleNoNoYesNoYesNoNoNo
Part B excess chargeNoNoNoNoYesYesNoNo
Foreign travel exchange - up to plan limitsNoNo80%80%80%80%80%80%
Out-of-pocket limit**N/AN/AN/AN/AN/AN/AN/AN/A


**After you’ve hit the yearly out-of-pocket limit, Medicare pays 10% of covered services. 

***Plan N covers 100% of the Part B coinsurance, excluding office visits and the $50 copayment for the emergency room. 

 

Other Products and Services Offered

Members Health Insurance Company also offers a line of Medicare Part D prescription drug plans. (Depending on the state you live in).

Medicare Part D is a plan that offers coverage for prescription medication. Similar to with Medicare Supplement insurance plans, these policies are not sold directly by Medicare, they are sold through private carriers. The benefits that are available can differ from one Plan D to another, depending on where the plan is purchased.

Those who obtain their Medicare coverage through can get Part D coverage, which helps pay for prescriptions and works with Supplemental plans.

Farm Bureau Health Plans, the parent company of Members Health Insurance Company, offers an additional product, the Dental / Vision +65. This is a dental and vision plan that can also help to “fill in” the gaps that are left by Medicare in these particular areas.

The plan covers between 50 and 80 percent on a variety of different dental care needs – depending upon the procedure. There is an annual maximum (which in 2017, is $1,500), as well as a $100 deductible. The dental coverage on this plan is offered through the Delta Dental network.

The vision coverage in this plan includes a $15 copayment for an annual vision examination, as well as a $35 copayment on prescription eyeglasses. There are, however, certain coverage limitations that are placed on glasses frames and / or on certain brands.

How to Find the Best Medicare Supplement Insurance Premium Quotes

In order to find the best Medicare Supplement insurance premium quotes from Members Health Insurance Company – or through any other insurance carrier such as Colonial Penn Life Insurance, we recommend you use an independent agent.

The benefits of using an independent broker is you save time and you can quickly find the cheapest plan without having to do it yourself. We have relationships with dozens of carriers out there and can help you compare them head-to-head.

Have any questions? We can be reached by dialing, toll-free, 800-376-0824.

 

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We work with individuals across the nation to secure the best medicare supplements rates.

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