Standard Life and Accident Insurance Company is a health insurance company that’s a subsidiary of ManhattanLife Insurance company. They have been helping protect American families since 1947 with their health care — including supplemental Medicare plans — and annuity options. They offer a massive variety of health insurance options in 29 states.

Standard Life Supplemental Medicare Plans

Supplemental Medicare Plans help Medicare beneficiaries offset the potential cost left behind by Original Medicare. These types of plans include Medicare Advantage, prescription drug plans, and Medicare Supplemental insurance policies.

Standard Life Medicare Supplement Plans

Standard Life Medicare Supplement plans are insurance through ManhattanLife and Family Life insurance companies. These plans are also referred to as Medigap plans because they go hand in hand with Medicare and help cover the costs.

There are 10 Medicare Supplement plan options available but few people enroll in anything other than Plans F, G, and N. These plans don’t provide pharmacy coverage.

Standard Life Medicare Advantage Plans

Medicare Advantage is an insurance option that takes over your Medicare and merges your Medicare Part A, Medicare Part B, and sometimes Part D into one plan. These plans are required to have coverage as good as traditional Medicare, but also include additional benefits. These plans are Part C of Medicare.

Standard Life Medicare Part D

When it comes to pharmacy drug coverage, you have two options. A stand-alone Part D plan or a Medicare Part C plan that includes your prescription drug coverage.

Neither Standard Life nor its affiliated companies provide Medicare Part C or Part D plan options.

Standard Life Financial Strength Ratings

There are a few companies that provide independent ratings of the financial strength of insurance companies. These ratings can be an indicator of how:

  • Quickly they process claims
  • High or low their rate increases are
  • Competitive their pricing is

Standard Life has a rating of “A-Exceptional” from Demotech, inc.

Their parent company ManhattanLife has an AM Best rating of “B++ Good” with a stable outlook.

Standard Life Reviews

Standard Life is a solid insurance company and coupled with their parent company, they offer many products to protect our Medicare beneficiaries. The Better Business Bureau gives them an “A+” rating. They focus on their customers and provide excellent service.

FAQs

Is Standard Life and ManhattanLife the same company?

ManhattanLife is the parent company of Standard Life. They are essentially the same company. Some coverages are underwritten by Standard Life, while others are underwritten by ManhattanLife or Family Life insurance company.

Are Standard Life Medicare Supplement plans standardized?

Yes! All Medicare Supplement plans must offer the same coverage. Standard Life is no exception. The only differences between one Medicare Supplement plan to another are the cost and quality of the company.

Which Standard Life Medicare Supplement plan has the highest level of coverage?

Plan F has the highest level of coverage. Only Medicare beneficiaries that were eligible for Medicare prior to 2020 can enroll in Plan F. For newer beneficiaries, Plan G is the highest level of coverage. The only difference is that Plan G doesn’t cover the Medicare Part B deductible.

What is the difference between a Standard Life Medicare Supplement Plan and a Medigap plan?

Medicare Supplement plans and Medigap plans are the same coverage. Medigap is a nickname given to Medicare Supplements since they provide “Gap” coverage for the Federal Medicare program.

What are three of the benefits provided by Standard Life Supplemental Medicare Plans?

Standard Life Supplemental Medicare Plans will help pay for your Medicare Part A costs and Medicare Part B costs. It also allows you to see any provider nationwide that accepts Medicare.

What are the benefits of Standard Life Medicare Supplement plan?

Standard Life Medicare Supplement insurance plans cover the cost gaps left by Original Medicare benefits. Some of the items that Medigap insurance products cover include:

  • Both the Medicare Part A and Part B
  • Deductibles
  • Coinsurance
  • Copays
  • Excess charges
  • Foreign Travel Emergency

Each plan letter available has a different coverage level. make sure you review the plan letters with an insurance agent to ensure you are choosing the right plan for you.

How to Enroll in a Standard Life Medicare Plan

To enroll in a Medicare Supplement health insurance plan with Standard Life, you should first speak with a licensed insurance agent that specializes in Medicare. They will ensure you are educated on your options and the process. Next, they’ll help you determine plans to cover the things that are important to you.

After that is complete, our agents can help guide you through the enrollment process in the Medicare Supplement insurance health plan of your choosing. Best of all, their assistance is free!

Give our agents a call today. Or fill out our online request form to be connected with the best rates in your area.

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by Lindsay Malzone, Lindsay Malzone is the Medicare expert for Medigap.com. She's been contributing to many well-known publications as an industry expert since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.