Arkansas Medicare Supplement Insurance Review:
Old Surety Life Insurance Co
We analyzed Old Surety's Medicare Supplement Insurance in Arkansas for this brief review. We compared it to all other insurance carriers in the state and gave their offering 3.5 out of 5 stars. Here's what we like and dislike about Old Surety:
- Top 5 Lowest Plan F premium.
- Over 20 years in the Medicare Supplements business.
- No charge for writing the policy.
- Unknown financial strength (no A.M. Best rating).
- Does not offer Medicare SELECT plans.
- Does not sell the 5 most popular plans.
REVIEW SUMMARY: A Medicare Supplement Insurance carrier since 1995, Old Surety Life Insurance Co has a "n/a Rating" from A.M. Best. We cautiously recommend Old Surety to Arkansas seniors.
Old Surety vs. Competition
The following table shows how Old Surety compares with other carriers we reviewed in Arkansas.
Contact Old Surety Medicare Supplement Sales
For assistance anytime, call 800-MEDICARE (800-633-4227). TTY users can call 877-486-2048 or browse to www.medicare.gov.
Old Surety Medicare Supplement Plans in Arkansas
Old Surety offers 3 Medicare Supplements in Arkansas. Use these links to learn how each plan covers you:
Plan A is the most basic of all Medigap plans and offers the least benefits. However, it does cover some of the more risky gaps in Original Medicare. It covers:
- Medicare Part A coinsurance payments up to an additional 365 days after Original Medicare benefits are exhausted
- Medicare Part B co-payment or coinsurance expenses, including preventative care coinsurance expenses
- The first three pints of blood used in a medical procedure
- Part A hospice care coinsurance expense or co-payment
Monthly Premium as Tested: $150.00
IMPORTANT: Beneficiaries of this plan are responsible for covering their Part A deductible in full, which includes hospitalization costs, Skilled Nursing Facility (SNF) care, hospice care, and some home health care services. This plan might be suitable if you have no desire to pay costly premiums for benefits you are not likely to use.
CRITICAL: Most Medigap plans pay some or all of the Part A deductible. In general, Plan A is the least expensive, but other plans offer more coverage. It's important to realize that this plan has the potential for high out-of-pocket costs should you require inpatient hospital care. Make this a serious consideration before choosing this plan.
Plan C is one of the most complete of the ten standardized plans. Only Plan F offers more coverage. Like Plan F, this plan fills the gaps on most of Medicare's approved expenses.
There are just two things that Plan C does not cover. First, it does not pay your Medicare Part B excess charges. These are the charges over and beyond what Medicare will pay for a service. You pay these charges directly. Second, it does not cover home recovery. These are the costs associated with recovering at home after being hospitalized.
Plan C covers the following:
- Medicare Part A hospital coinsurance and hospital costs up to 365 days after Original Medicare benefits are exhausted
- Part A hospice care coinsurance payment or co-payment
- Medicare Part B co-payment or coinsurance payment
- Part B preventive care coinsurance payment
- First three pints of blood for a medical procedure
- Skilled Nursing Facility (SNF) care coinsurance
- Medicare Part A deductible costs
- Medicare Part B deductible costs
- Foreign travel emergency coverage (up to plan limits)
In short, Plan C offers comprehensive coverage. For many, it is a more economical option to Plan F. We recommend that you shop around to find the policy that best fits your budget and compare rates and coverages carefully.
Monthly Premium as Tested: $153.83
IMPORTANT: Even though Plan C's coverage is extensive, don't underestimate what's not covered. If you visit the doctor frequently, Plan F or Plan G could be a better choice.
Out of the 10 standardized plans available in Arkansas that Old Surety offers, Old Surety Medicare Supplement Plan F is the most comprehensive. The expansive coverage makes it very popular, but it's also the most expensive.
With Plan F, Old Surety covers:
- Part A deductible.
- Part A hospice care co-payment or coinsurance.
- Skilled Nursing Facility (SNF) coinsurance.
- Part A hospital and coinsurance costs up to an additional 356 days after Medicare benefits are exhausted.
- Part B deductible.
- Part B excess charges.
- Preventative care Part B coinsurance.
- Part B co-insurance or co-payment.
- First three pints of blood used in an approved medical procedure (annually).
- Foreign travel emergency.
As you can see, Plan F leaves you with zero out-of-pocket costs. That's because it pays all remaining doctor, specialist, lab, hospital, skilled nursing and home care costs after Medicare pays its share.
Monthly Premium as Tested: $172.33
Old Surety Life Insurance Co offers its supplemental insurance policies in Little Rock, Fort Smith, Fayetteville, Springdale, Jonesboro, Rogers, Pine Bluff, Conway, and most other Arkansas towns, cities, and rural areas.
The Med Supp data on MedicareNavigators.com comes from Medicare.gov and private sources and is subject to update without notice. The Centers for Medicare and Medicaid Services, the Arkansas State Insurance Commission, and Old Surety have not reviewed nor do they endorse our content.
We are not compensated by your enrollment decisions. However, we are compensated through advertising on this page. See our FTC Disclosure page for more information.
The Old Surety emblem and name are legal U.S. trademarks of Old Surety Life Insurance Co. We make no claim to the marks, nor do we represent Old Surety or its products and services. We use the company's name and emblem on this page for editorial purposes, as permitted by U.S. Trademark Fair Use Law and the laws of the Great State of Arkansas.
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