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 B++
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 F has averaged a 4.5% rate increase the last 3 years
- Plan G has averaged a 3.0% rate increase the last 3 years
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.
- Plan N rates increased 15.5% in 2020
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 is $2,370 in 2021.
- Plan A rates increased 6% in 2021
- Medigap Plan F increased 6% in 2021
- Plan G rates increased 4% in 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 5.3% in 2020
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