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HealthMarkets Medicare Supplement Insurance Review

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Health Markets is a medical insurance marketplace based in North Richland Hills, Texas. The company connects consumers to providers of individual and family insurance, including health, dental, vision, life, and supplemental, Medicare and Medicare supplement, and small business. Health Markets offers comprehensive resources for learning about medical insurance and Medicare.

How is HealthMarkets rated?

Breakdown

5.0/5
Level of Coverage
4.6/5
Services
4.5/5
Reputation and Customer Experience
4.5/5
Financial Strength

Overall Rating: 4.6 / 5 (Excellent)

Health Markets is one of the best Medicare supplement insurance marketplaces to date. With a variety of options in benefits, plan type, discounts and price, consumers are sure to find the plan that best suits their needs. Moreover, partners with strong financial ratings and a largely positive customer experience means Health Markets users can be confident about their purchase of choice through the marketplace.

HealthMarkets Coverage

Level of Coverage - 5 / 5

Coverage will vary with Health Markets depending on the plan a customer chooses from the marketplace. Plans advertised by the company feature a wide array of potential benefits. Additionally, Medicare supplement plans A, B, C, F, and G are available through Health Markets.

Plan Types

  • Plan A - It includes hospital copayment costs up to a year after Medicare benefits are exhausted, the first three pints of blood, Part B coinsurance including preventive care services after deductible, and hospice care.
  • Plan B - Offers the same amount of coverage as Plan A, with the addition of a hospital deductible in each benefit period.
  • Plan C - One of the most popular plans, it adds on a skilled nursing facility daily copay, the Part B annual deductible, and emergency care outside of the U.S.
  • Plan F - Less expensive than other plans, F covers all the same benefits as C, with the addition of 100% of Part B's excess charges.
  • Plan G - Covers almost every Medicare supplemental insurance benefit, with the exception of Part B's annual deductible.

At a Glance

Network Size
200
Additional Benefits
Contact a nurse
Reminders
Lifestyle coaching
Routine Vision or Dental Care
Hearing Aids
Eyeglasses
Private-duty nursing
Long-term care (in a nursing home)

HealthMarkets Pricing

Services - 4.6 / 5

Because Health Markets is a medical insurance marketplace, there is no way to determine accurate estimates for the plans they provide through its website. However, the company's partners offer a range of discounts, and users can expect price stability.

Cost

Price Stability
Yes
Discounts
Paying in full
Women
Multiple policies
Non-smokers
Electronic funds transfer
Married couples
Early payments

HealthMarkets Customer Experience

Reputation and Customer Experience - 4.5 / 5

Customer experience is largely positive with Health Markets as shown by its solid reputation and consumer feedback online. The company is accredited by the BBB while currently holding an A+ rating. Furthermore, it has an excellent 9.3 score on Trustpilot. FAQs and articles help educate consumers on their options for Medicare supplement insurance. 24/7 phone support ensures that potential or troubled customers can speak with agents at any time of day.

Support

  • 24/7 call center
  • Email
  • Toll-free number

Educational Resources

  • FAQs
  • Articles

Reviews

BBB Rating
A+
Trust Pilot Rating
9.3 out of 5
Date Collected
2018-07-16

HealthMarkets Financial Strength

Financial Strength - 4.5 / 5

For purposes of this review, we decided to look at Humana, one of Health Markets' insurance partners. The company has excellent financial ratings, with an A3 in Moody's and A- on AM Best. Other partners represented by Health Markets share similarly high financial strength ratings.

Ratings

Moody's Financial Rating
A3
AM Best Financial Rating
A-

Year Founded

2010

Underwriter

Humana

Company Profile

Full Name
HealthMarkets Medicare Supplement Insurance
Company Website
Headquarters
9151 Boulevard 26, North Richland Hills, TX, 76180

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Top Rated
Our Partner
  • Coverage available in 48 states + Washington D.C.
  • Offers five types of Medigap plans (A, F, F+, G, N)
  • Policies can include additional benefits beyond what regulations require
  • TrustPilot average customer rating: 4.2 out of 5 stars