Bankers Fidelity Medicare Insurance Review & Complaints: Medicare Supplement Insurance (2024)

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In business since the mid-50s, Bankers Fidelity Life provides life insurance and supplemental health insurance products. Their main focus is on the needs of seniors, and they offer coverage across the country.

Our Bankers Fidelity Medicare insurance review focuses on the Medicare supplement policies offered by the company. We’ll cover everything from Bankers Fidelity Medicare supplement reviews to the Bankers Fidelity Medicare Supplement address.

It’s important to compare rates from the best insurance companies before you buy to make sure you’re getting the best deal on the coverage you need.

Before you read more about Bankers Fidelity Medicare, take the time to gather rates. Enter your ZIP code now to see quotes on medicare supplement insurance from multiple insurance carriers near you.

About Bankers Fidelity Life Insurance Company

Bankers Fidelity Life Insurance Company was founded in Atlanta, Georgia in 1955. They have been a subsidiary of the Atlantic American Corporation since 1975, and they are licensed to write insurance policies in 46 states as well as the District of Columbia. This expansion is in part due to the acquisition of Direct Life Insurance Company in 2014, now known as Bankers Fidelity Assurance and a subsidiary of Bankers Fidelity Life.

Bankers is entirely focused on senior insurance products. They write final expense life insurance, short-term care, and Medicare Supplement insurance among other supplemental health insurance policies.

The company’s headquarters remain in Atlanta, but they offer coverage through independent local agents across the nation.

Bankers Life Medicare Supplement Insurance

Medicare Supplement plans from Bankers Life vary depending on the state. They offer an option to see popular plan choices and get a quote, but only by entering all of your contact information and agreeing to have your information forwarded to an agent for solicitation.

Without submitting this form, we were unable to get a list of the insurance plans offered by this company.

We can assume they offer Plan A since all companies that write Medicare Supplement are required to offer as a base plan. It covers all of the coinsurance amounts from Medicare Parts A & B, as well as the first three pints of blood each year.

It is likely that they have several other choices beyond A, but we cannot venture a guess as to which ones. Bankers Fidelity Medicare Supplement Plan G or F may be available.

Which Medicare Supplement Plan Should you Choose?

Your choice of Medicare supplement coverage depends on your budget and how much out of pocket cost you’re ok with. Take a look at the table below to compare the coverage from basic Supplement plans.

Medicare Supplement Plan Comparison

Plans F and G also have a high-deductible option. Speaking with a representative can help you to decide on an affordable Bankers Fidelity Life Medicare Supplement plan for you.

How to Get Bankers Fidelity Medicare Supplement Rates

As mentioned above, rates are not available unless you enter personal contact information, and we were unable to get the site to accept our sample contact information. As a result, we were not able to obtain Bankers Fidelity Medicare Supplement quotes.

Bankers does appear to have moved into the new age somewhat, at least offering the possibility of online quote tools, but continues to rely heavily on agents. As a result, the “no obligation” quotes often turn into repeated calls from agents, something a lot of people may find bothersome.

Quotes can also be obtained by email and over the phone – and of course through a local independent agent.

Claims Process at Bankers Fidelity Medicare Supplement Insurance

Ease of Filing a Claim

Bankers Fidelity Medicare Supplement Insurance offers policyholders various channels for filing claims. While specific information regarding the claim submission methods is not available in the provided content, it is common for insurance companies to offer multiple options.

Policyholders likely have the flexibility to file claims online through the company’s website, over the phone by contacting a dedicated claims line, or by reaching out to their independent agents.

Average Claim Processing Time

The content does not provide details about the average claim processing time for Bankers Fidelity Medicare Supplement Insurance. Policyholders seeking precise information on claim processing times are encouraged to consult their policy documents or contact the company directly. Claim processing times can vary depending on the nature of the claim and individual circumstances.

Customer Feedback on Claim Resolutions and Payouts

The available content does not include specific customer feedback on claim resolutions and payouts for Bankers Fidelity Medicare Supplement Insurance. To assess the company’s performance in this aspect, potential policyholders should consider exploring independent sources for customer reviews and ratings.

Customer satisfaction with claim resolutions and payouts is a crucial factor to consider when selecting an insurance provider.

Digital and Technological Features by Bankers Fidelity Medicare Supplement Insurance

Mobile App Features and Functionality

The content does not provide specific details about a mobile app offered by Bankers Fidelity Medicare Supplement Insurance. Policyholders interested in mobile app features and functionality should reach out to the company directly or visit their official website for information regarding the availability and capabilities of any mobile app.

Online Account Management Capabilities

While the content briefly mentions online account management capabilities, it does not offer specific information about the features and functionalities available through the company’s online portal.

Policyholders interested in online account management should visit the official website of Bankers Fidelity Medicare Supplement Insurance or contact their customer support for comprehensive details on the available online tools and resources.

Digital Tools and Resources

The content mentions that Bankers Fidelity Medicare Supplement Insurance offers digital tools and resources, but it does not provide specific information about the types of tools and resources available to policyholders.

To gain a complete understanding of the digital offerings, policyholders are advised to explore the official website of the company or reach out to their customer support for detailed information on the available digital resources.

What are the Bankers Fidelity Medicare Ratings and Consumer Reviews?

At the time of our last review, we were unable to find a Better Business Bureau (BBB) record for Bankers Fidelity Life, and that appears to still be the case. Their parent company, Atlantic American, does have a BBB page with an A+ rating and only one complaint in the past three years.

We were unable to find much in the way of Bankers Fidelity Medicare Supplement complaints or other information anywhere else, either, which is surprising given how long they have been in business. As a result, it is difficult to form an opinion on their reputation, although no reviews is generally a positive thing when it comes to insurance companies.

Read more: Bankers Fidelity Life Insurance Company Review & Complaints: Life & Medicare Supplement Insurance

Bankers Fidelity Medicare Supplement: What’s the Bottom Line?

There is simply not enough information on this company make a real recommendation. Without plan details, rates, and any sort of consumer ratings, we cannot form a solid conclusion in regards to whether or not you should buy Bankers Fidelity Medicare Supplement insurance.

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