Pan American Life Insurance Company serves individuals and families in not only the United States but also people from Central and South America. Since 1911 they have maintained quality insurance products, including Medicare.

Pan American Life Insurance Group is headquartered in Salt Lake City, Utah. They offer Medicare products in 27 States and additional insurance products in 47 U.S. States. Today we’ll cover Medicare plan offerings and the company’s financial ratings.

After that, we’ll answer a few frequently asked questions and show you how you can get help with Supplemental Medicare insurance.

Pan American Supplemental Medicare Plans

The Medicare program has several outstanding out-of-pocket costs that affect Medicare beneficiaries’ pockets. To help offset these and help lower the expenses left over, beneficiaries can enroll in Supplemental Medicare Plans.

These plans will take beneficiaries down one of two distinctive paths. They either enroll in a Medicare Supplement policy, a Part D prescription drug plan, or a Medicare Advantage plan.

Pan American Medicare Supplement Plans

Medicare Supplement Insurance helps to pay the costs left over from Medicare coverage. Some of the expenses that Medicare Supplement plans pay include:

  • Medicare Part A deductibles
  • Medicare Part B deductible
  • Part B Coinsurance
  • Copayments
  • Foreign Travel Emergency
  • Skilled Nursing facilities
  • Hospice Care

Many companies that offer Medigap policies offer competitive rates on Plan F, Plan G, and Plan N monthly premiums. PALIG is no exception. They offer these three plans in every state that they offer Medicare Supplement plans.

Many of these plans have similar coverage. For example, Plan F and Plan C are Identical, except the latter doesn’t cover the Part B excess charges. Medigap Plans are required by law to offer the same coverage regardless of the insurance company you choose.

When to sign up for a Pan American Medicare Supplement?

You can sign up for a Medigap plan at any time. In most cases, you’ll be required to pass medical underwriting to enroll in a program. However, there are a few times when you can apply without the underwriting requirement.

If you are in your Open Enrollment Period, you can enroll in any plan or health insurance company you choose.

Outside of this period, you’ll need to qualify for a plan unless you have a guaranteed issue right. This would occur when you’re losing coverage at no fault.

Pan American Medicare Advantage Plans

Medicare Part C plans are another way to receive your Medicare benefits. These plans combine the benefits of Medicare Part A and Medicare Part B into an easy-to-use plan. These plans are called Medicare Advantage, typically HMO and PPO style plans.

In addition to combining your Original Medicare benefits, they usually include drug coverage. Medicare Advantage plans can provide additional benefits not covered by Medicare. Not all Medicare Advantage plans include your Part D, but most do.

Pan American Part D Prescription Drug Coverage

Medicare drug coverage is called Medicare Part D. These are standalone prescription drug plans that you add to Medicare Supplements and Original Medicare. If you choose not to enroll in drug coverage, you may be susceptible to the late-enrollment period.

Pan American life doesn’t provide access to Medicare Advantage or Prescription drug plans. If these plans fit what you’re looking for, let us know. One of our licensed agents can review the options with you.

Financial Strength Rating

Financial strength helps us to understand how well insurance companies will function. Am Best give PALIG an A “Excellent” rating.

They also have an A “Strong” Fitch rating. This indicates great financial strength and excellent operating performance. These are among some of the highest ratings possible.

Reviews

PALIG is a strong company that has been stable for many years. They have competitive rates on the most popular plans and are an excellent choice for your healthcare. They offer Medicare Supplements in 27 states.

The plan offerings include:

  • Plan A
  • Plan B
  • Plan C
  • Plan F
  • Plan G
  • Plan N

Not all insurance plans are offered in every state they sell policies in.

FAQs

Is Pan American health insurance Good?

Pan American is a stable company with only a few negative reviews. They offer Medicare Supplement plans in 27 states.

Is Pan American life a Medicare supplement?

Yes! Pan American sells Medicare Supplements. They have competitive rates on the most popular plan letters.

What is the difference between Pan American and other Medicare supplement plans?

Medicare Supplement plans are standardized. The coverage is the same from one company to another.

What is the average cost for Pan American supplemental Medicare plans?

Medigap insurance prices can vary based on several factors. A Medicare Supplement through Pan American can range between $85 and $250 a month. Your state, age, and smoking status can significantly impact the pricing.

How to Enroll in a Pan American Medicare Plan

Enrolling in a Medicare Supplement is an important decision. Don’t take it lightly. Our licensed insurance agents can be reached by calling the phone number above.

We can assist with finding the right health plan for your needs. If now isn’t the best time, you can get a free rate quote by filling out our online request form.

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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.