Philadelphia American is a New Era Life Insurance Company subsidiary, a more prominent insurance firm. They are located in Houston, Texas. They specialize in offering Medicare supplement insurance. This includes the Philadelphia American Medicare plans and other end-of-life insurance coverage for people who qualify for Medicare.
Philadelphia American was founded in 1924, with new management taking over in 1989. They have several subsidiary brand names, including New Era Lide Insurance Company, New Era Life Insurance Company of the Midwest, and Philadelphia American Life Insurance.
Philadelphia American Medicare Supplement plans
Philadephia American offers Medicare Supplemental plans in many states throughout the United States. All Medigap plan options are available except Plans K and L.
In addition to Medigap plans, Philadelphia American also offers Final Expense. Accident, Dental, and Critical Illness insurance options.
Philadelphia American Medicare Supplement plans
Medicare Supplement plans are the most comprehensive coverage you can add to your Original Medicare. Philadelphia not only offers the nation’s top three plans, but they offer just about every Medigap option available. All three subsidiaries offer Philidelphia American Medigap plans. Offerings and prices can vary from state to state.
Philadelphia American Medicare Advantage plans
Medicare Advantage, all-in-one plans aren’t offered by Philadelphia American Insurance Company or any of its subsidies.
Philadelphia American prescription drug plans
Philadelphia American Insurance Company and its subsidies don’t offer Part D prescription drug plans.
Suppose you need help with Medicare Advantage or Prescription Drug plans. In that case, we are experts in all aspects of Medicare and can help resolve those issues for you.
Philadelphia American Medicare pros and cons
Pros
- Great Rates
- Easy underwriting
- Conservative rate increases
Cons
- No Advantage or drug plans are available
- Limited to only Medicare Supplement plans
Philadelphia American financial strength ratings
All three of Philadelphia American’s subsidiaries have good financial strength ratings.
New Era Life Insurance Company: B++ (Outlook Positive) from A.M. Best
New Era Life Insurance Company of the Midwest: B++ (Outlook Positive) from A.M. Best
Philadelphia American Life Insurance Company: B++ (Outlook Positive) from A.M. Best
These ratings indicate that each company can promptly pay out claims and meet policyholder obligations.
Philadelphia American reviews
When looking at Philadelphia American Insurance Company reviews, it’s essential to remember that the company has four different subsidiaries. New Era Life Insurance Company, New Era Life Insurance Company of the Midwest, Philadelphia Life, and Philadelphia American Life Insurance Company have independent reviews.
Philadelphia American and its subsidiaries have worked with Medicare beneficiaries for many years. They are a financially stable company with great rates in many of the states in which they do business in.
FAQs
How do I know if I’m eligible for a Philadelphia American Medigap policy?
The Philadelphia American Life Insurance Medicare Supplement policy has a few eligibility requirements. You must be enrolled in Medicare Part A and B, live in an area where they offer plance, and if you’re outside of your Open Enrollment or Guarantee Issue periods, pass medical underwriting.
How long has Philadelphia American been in business?
Philadelphia American was founded in 1924. New management took over in 1989.
Where is Philadelphia American located?
Houston, Texas. They also have offices in many states across the country.
Does Philadelphia American only offer Medicare Supplement plans?
Yes. Philadelphia American offers Plans A, B, C, D, F, G, M, and N.
They also provide the high-deductible version of Plan F and the high-deductible version of Plan G. These plan options are named Plans HDF and HDG. Not all plans are available in all states.
Is Philadelphia American a PPO?
No, Philadelphia American offers Medigap plans. Like a PPO, you can go to any healthcare provider nationwide, assuming they accept Medicare. A Medicare Supplement plan isn’t a PPO.
Are Philadelphia American and New Era the same company?
Yes, Is Philadelphia American is a subsidy of the New Era.
How to enroll in a Philadelphia American Medicare plan?
You must have Medicare Part A and B to enroll in a Philadelphia American Medicare plan. Then, simply by speaking to one of our licensed insurance agents.
Our agents specialize in Medicare and are standing by to help you. We can review your options, explain the details and process involved, and assist you with enrollment.
Let us be your one-stop shop for Medicare. We pride ourselves on making the process stress-free and straightforward. Fill out our online request form or give us a call.
