Founded in 1947, United American is one of the oldest insurance companies in the USA. It has been offering Medicare Supplement insurance since the government signed the Medicare program into law in the 1960s. The company provides insurance for millions of Americans in nearly every state. Its parent company, Torchmark Corporation, is one of the most financially stable companies in the country. Financial strength is a key indicator of an insurance company’s ability to pay claims, so this is good news for those insured by United American.
United American’s longevity in the industry coupled with their A+ rating by the Better Business Bureau means that you’ll be in good hands with this company as your Medicare supplement provider.
Though they don’t offer all of the Medicare supplement plans available, they do allow you to select your own doctor. There are no in-network rules required. And if you move, your plan moves with you — no need to worry about losing your insurance if you choose to travel around the country in your retirement.
Some pros to consider when looking at United American for your Medicare needs:
Offer lowest Plan F premium
Financial strength & longevity in the industry
No surcharge for writing your policy
UA’s core principles of stability, service, quality, and commitment mean the company works hard to meet the needs of clients and provide reliable coverage
A+ rating by the Better Business Bureau
Longevity in the industry — stable, knowledgeable provider
Plans are 100% renewable — you will not be denied coverage because of a health condition
Your plan is portable — you can travel or move and your plan stays with you
There’s a 30-day “look” policy — try them out and if you don’t like them, you can cancel and get a full refund within the 30-day trial period
With all the great things that United American has to offer, there are some potential downsides to keep in mind. First, they tend to have an old-school approach to getting rates and enrolling. You must call and speak with an agent rather than complete the process online. They also do not offer Medicare SELECT plans.