Allstate
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Allstate Medicare Supplement Insurance 2024 Review
If low Medigap premiums are your goal, Allstate’s low prices and stacking discounts are worth a look.
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Written by Alex Rosenberg
Lead Writer
The bottom line: Allstate has a tiny market share compared to other Medigap companies NerdWallet reviews, but it’s still a competitive option with its rock-bottom prices and sizable stacking discounts. However, it doesn’t offer much beyond low prices, as its plan selection and extra perks are limited. Jump to: Full Review
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Allstate Medicare Supplement pros and cons
Pros
Low prices: Allstate’s premiums are sometimes the lowest on the market.
Stacking discounts: Members who qualify for all of Allstate’s discounts might get up to 25% off of premiums in total.
Cons
Complaints: Allstate has significantly more member complaints than the average Medigap company.
Mediocre extras: For example, Allstate’s fitness perk is a discount, not a full membership. Some competitors offer more.
Plan types: Only a handful of plan types are offered.
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Our full review
Why trust NerdWallet
Allstate Medicare Supplement Insurance rating
3.5
NerdWallet ratingAllstate Medicare Supplement Insurance earned 3.5 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account pricing, coverage options, online quote availability, complaint data from the National Association of Insurance Commissioners and more.
Allstate Medicare Supplement plan types
Here are the Medicare Supplement Insurance plan types Allstate offers for any Medicare member:
Medigap Plan A — the basic benefits included in every Medigap plan without any extras.
Medigap Plan N — a plan with lower premiums but higher copays.
Medigap Plan G — the highest-coverage option available to new Medicare members.
Allstate also offers Medigap Plan F and the high-deductible version of Plan F (in certain locations) for individuals who were first eligible for Medicare before 2020. Newer Medicare members can't buy these plans from any insurance company.
In addition, Allstate offers plans in Wisconsin and Minnesota that fit the states’ standards. (Massachusetts, Minnesota and Wisconsin don't use the same Medigap standardization system as the rest of the country.)
💬 From our Nerds: Is Allstate a good Medicare Supplement Insurance company?
“Allstate could be a strong Medigap option, especially if your goal is low monthly premiums. Allstate’s premiums are low in general, and qualifying for stacking discounts could make them even lower. But plan selection and extra perks are limited, and the complaint rates aren’t great.”
Note: Since Medigap plan options can vary by location, it’s a good idea to do your research, compare multiple quotes and consider working with a licensed insurance agent for more personalized recommendations.
— Alex Rosenberg, lead writer covering Medicare
Cost for Allstate Medicare Supplement Insurance
Allstate has some of the lowest prices in two of the three markets NerdWallet uses for price comparisons — but has high prices in the third. Allstate’s Medigap Plan G premiums were about 28% higher than the cheapest alternative, on average. Plan N premiums were about 31% higher.
How we evaluate Medigap companies’ prices
Plan G
Allstate price | Medicare.gov lowest price | |
|---|---|---|
Los Angeles | $269. | $148. |
Atlanta | $125. | $125. |
Dallas | $110. | $109. |
Plan N
Allstate price | Medicare.gov lowest price | |
|---|---|---|
Los Angeles | $213. | $114. |
Atlanta | $95. | $95. |
Dallas | $87. | $82. |
Discounts
Allstate offers multiple discounts for qualifying members who:
Live with another person age 50 or older.
Live with another person who applied for an Allstate supplemental plan.
Pay the full annual premium in advance.
Link an activity tracker to submit data to the plan.
Discount amounts and availability may vary according to factors such as your location, household status and how you apply for a policy.
Allstate member complaints
190% more complaints than average
Members file complaints about Medicare Supplement Insurance plans from Allstate at a rate about 190% higher than the average for all Medigap plans, according to 2022 and 2023 data from the National Association of Insurance Commissioners for Allstate.
NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
Allstate’s spending on care
83.2% for member benefits
Allstate Medigap plans spent about 83.2% of premiums on member benefits, according to the most recent annual data. (The other 16.8% went to overhead expenses like administrative costs, marketing, salaries and commissions.) For comparison, the average for all companies is 80.4%.
Medicare Supplement Insurance providers must report data on the premiums they collect and how much they spend to provide benefits for members. The minimum required by law for individual Medigap policies is 60%.
Additional benefits
Medigap plans are standardized, but companies can offer extras on top of the Medicare benefits.
Here are some extra perks that might be available to Allstate Medigap members:
Fitness program: Members can access a network of fitness centers for a reduced monthly rate.
Hearing discounts: Discounts are available through Amplifon hearing.
Allstate Medicare Supplement Insurance service area
Allstate offers Medicare Supplement Insurance plans in 41 states and Washington, D.C.
Allstate covers about 20,000 Medigap beneficiaries and has about a 0.1% share of the total Medicare Supplement Insurance market as of the end of 2022.
Compare Medicare Supplement Insurance companies
Get more information below about some of the major Medicare Supplement Insurance companies. These insurers offer Medigap plans in most states, but specifics may vary depending on your location.
Find the right Medicare Supplement Insurance plan
Because Medigap plans are standardized, you can get precisely the same Medicare benefits from any company offering the plan. So when you shop, keep these considerations in mind to find the best policy to fit your needs:
Is your preferred plan available? Health insurance companies don’t always sell every plan, so check who sells the plan you want to buy in your area.
What are the premiums? Prices for the same plan can vary between companies, so check to find the most competitive rates.
Will your premiums change over time? Most policies cost more as you age, but some companies offer policies that let you lock in a price when you sign up.
Are there extras? Medigap plans’ core benefits are standardized, but in certain cases, some companies include such perks as discount programs or gym memberships.
If you have additional questions about Medicare, visit Medicare.gov or call 800-MEDICARE (800-633-4227, TTY 877-486-2048).
Allstate
Allstate sometimes offers the lowest Medigap premiums on the market, even before its stacking discounts, but it gets many more member complaints than average.
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Plan types offered
A, F, G and N.
NAIC complaint rate
Far more than expected
Premium discounts available
Above average
Plan types offered
A, F, G and N.
NAIC complaint rate
Far more than expected
Premium discounts available
Above average
Pros
- Some of the lowest premiums in certain markets.
- Multiple combinable premium discounts.
Cons
- High complaint rates.
- Fitness perk is a discount, not a full membership.
- Few plan types offered.
Medicare Supplement Insurance ratings methodology
NerdWallet’s Medicare Supplement Insurance (Medigap) ratings are based on pricing, discounts, plan types offered, complaint data from the National Association of Insurance Commissioners, consumer experience, additional perks and benefits, and more. To calculate each health insurance company's rating, we adjusted the scores to a curved 5-point scale, rounded to the nearest half star.
NerdWallet reviewed 15 Medicare Supplement Insurance companies based on highest enrollment and greatest online search volume. At the national level, our scored reviews include companies covering about two-thirds of all Medigap beneficiaries. At the state level, our research includes at least one of the two largest Medigap insurance companies in 48 of the 50 states, plus Washington, D.C.
These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best coverage and rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines and full ratings methodology for Medicare Supplement Insurance.
Insurer complaints methodology
We examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, we calculated a similar index for each insurance company, weighted by market shares of each subsidiary. We score companies based on this index of how many complaints the company receives relative to its market share. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.
