New Era Medicare Supplement

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

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

Indiana

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

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