New Era Medicare Supplement

New Era Medicare Supplement Insurance plans are sold in eleven states. New Era was incorporated in 1924 and current management took over in 1989. Throughout its history, the New Era family of companies has provided quality, affordable insurance and financial products highlighted by outstanding customer service.

AM Best rating is A-

A.M. Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to “bbb” from “bbb-” of New Era Life Insurance Company and its wholly owned life insurance subsidiaries, New Era Life Insurance Company of the Midwest and Philadelphia American Life Insurance Company , together known as the New Era Group. All companies are domiciled in Houston, TX. The outlook of these Credit Ratings (ratings) has been revised to stable from positive.

New Era Life Medicare Supplement Insurance is offered in the following states:

Alabama

• There is a $20 application fee and also a 6% household disount
• Attained Age method
• Plan N has averaged a 0.3% rate increase since September 2020
• Plan G has averaged a 3.2% rate increase since September 2018

Arizona

• $20 policy fee and also a 6% household discount
• Issue Age rating method
• Plan A, Plan C, Plan F, High Deductible F, Plan G, High Deductible G, and Plan N are sold in Arizona.
• New Era has offered Medicare Supplement Insurance in Arizona for 17 years.

Florida

• The application fee is $20, however, there is no household discount
• Issue Age
• Plans sold are: A, F, High Deductible F, G and also N. The High Deductible amount will be $2,870 effective January 1, 2025.
• Plan A rates did not increase in 2024
• Medigap Plan N rates has averaged a rate increase 4.2% since 2021.
• Plan F rates have averaged an increase of 6.3% since 2021

Indiana

• In addition to a $20 policy fee, there is also a 6% household discount
• Attained Age rating method
• Medigap Plan A, Plan C, Plan F, Plan G, High Deductible F, High Deductible G, and also Plan N are sold in Indiana.
• Plan N rates increased 7.52% in 2024

Kansas

• Besides a $20 application fee, there is also a 6% household discount
• Attained Age rating method

Mississippi

• $20 policy fee and also a 6% household discount
• Attained Age

North Carolina

• The application fee is $20 but there is also a 6% household discount
• Attained Age rating method

Ohio

• There is an application fee of $20 and also a 6% household discount
• Attained Age

Oklahoma

• $20 policy fee but also a 6% household discount
• Attained Age rating system

Pennsylvania

• In addition to a $20 application fee, there is also a 6% household discount
• Attained Age rating method

Tennessee

• Besides a $20 application fee, there is also a 6% household discount
• Attained Age

Other Medicare Supplement Insurance Companies: