State Farm Insurance Review & Complaints: Medicare (2024)
State Farm Medicare Supplement policies include Medicare Plans A, C, and F, with different insurance coverage options depending on where you live. State Farm Medicare rates range start at $93.50 per month in California. State Farm Medicare quotes can be obtained quickly and easily online. Read through all of the plan details to find out if State Farm Medicare Supplement Plan is right for you.
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Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
UPDATED: Nov 27, 2023
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
State Farm is the biggest name in personal insurance, holding the number one spot for both auto insurance and home insurance in the United States. While it is best known for those products, it also writes a wide variety of other insurance policies, including Medicare Supplement coverage.
You can buy State Farm Medicare Supplement insurance in most states, although the available plans vary. This State Farm Medicare Supplement review will provide information on what plans may be available, State Farm Medicare Supplement rates, and more. Want to compare rates before you learn more about State Farm Medicare plans?
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What is State Farm?
State Farm was founded in 1922 as a mutual company, providing auto insurance to farmers. The company expanded into other lines including home, life insurance, and business insurance. It eventually became a group of companies that together form a powerhouse in the insurance industry; State Farm was ranked at number 36 on the Fortune 500 for 2020.
State Farm is a leader in the captive agent insurance market and has more than 19,000 agents selling its products exclusively across the country. It has held the top spot by market share for both auto and home insurance for many years.
Today State Farm’s product lineup includes auto, home, life, specialty vehicles, business, health insurance, and disability options as well as banking and financial services. Medicare Supplement is one of the supplemental health policies it offers.
State Farm’s headquarters is located in Bloomington, IL. Products are available in all states, although coverage options may vary from state to state.
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What State Farm Medicare Products Are Offered?
Currently, the only Medicare products offered by State Farm are Supplement policies. These are also referred to as Medigap policies and are standardized with a letter-coded system in most states.
State Farm’s standardized plan list varies by state, and a quick drop-down menu is available to check what’s on offer in your state. For the purpose of this review, we took a look at the plans available in California.
All companies offer Plan A, as they are required to do, which is the base level Medicare supplement plan. This plan pays for all of the coinsurance amounts for hospital, hospice, and medical needs as well as three pints of blood each year.
In addition to Plan A, State Farm offers Plans C, D, G, and F in California. F is the highest level of coverage, paying for nearly all of the out-of-pocket expenses not covered by Medicare.
Plan C falls somewhere in between A and F, adding Parts A and B deductibles, skilled nursing facility coinsurance, and emergency care in a foreign country. Here’s a breakdown of all of the available letter-coded plans for comparison.
Medicare Supplement Plan Comparison
Coverage | Plan A | Plan B | Plan C | Plan D | Plan F | Plan G | Plan K | Plan L | Plan M | Plan N |
---|---|---|---|---|---|---|---|---|---|---|
Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Part B coinsurance or copayment | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
Blood (first 3 pints) | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
Part A hospice care coinsurance or copayment | No | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
Skilled nursing facility care coinsurance | No | No | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
Part A deductible | No | Yes | Yes | Yes | Yes | Yes | 50% | 75% | 50% | Yes |
Part B deductible | No | No | Yes | No | Yes | No | No | No | No | No |
Part B excess charge | No | No | No | No | Yes | Yes | No | No | No | No |
Foreign travel exchange (up to plan limits) | No | No | 80% | 80% | 80% | 80% | No | No | 80% | 80% |
Out-of-pocket limit in 2020 | N/A | N/A | N/A | N/A | N/A | N/A | $5,880 | $2,940 | N/A | N/A |
In addition to the base plans, there are high deductible versions of Plans G and F. State Farm offers six of these but doesn’t appear to have the high deductible options. This means they offer about half of the options available. Of course, this will vary from state to state.
There are pros and cons to each of the options for State Farm Medicare, and they need to be weighed carefully.
Are the State Farm Medicare Supplement Rates Competitive?
State Farm Medicare Supplement quotes are easy to get online. We requested a quote for plans available in California for a 65-year-old female. Four rates were returned from our search
Plan A came back at $93.50/month, Plan D at $142.20, and Plan N at $109.14. The fourth option was Plan G at $142.46.
The Plan A rate is reasonable in comparison to other companies we have seen, and Plan N is a little more expensive than we would expect, but still a good rate overall.
The real surprise with these quotes is the negligible difference between Plans D and G, considering the higher level of coverage offered by G. State Farm’s rates For plans N and G differ quite a bit considering the similarities between the plans. There are several affordable State Farm Medicare Supplement plans to choose from, and again rates will vary by state.
Although State Farm offers multi-policy discounts to those who have multiple lines of insurance in force, there is no indication as to whether a Medicare policy would qualify. Before you buy State Farm Medicare Supplement insurance, you might want to discuss discounts with an agent.
State Farm Insurance Claims Process
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
State Farm offers various channels for filing claims, including online, over the phone, and potentially through mobile apps. However, the specific process for filing Medicare Supplement claims is not provided in the review.
Average Claim Processing Time
The review does not provide information on the average claim processing time for State Farm Medicare Supplement policies. This information could be crucial for potential policyholders to assess the efficiency of the claims process.
Customer Feedback on Claim Resolutions and Payouts
The review briefly mentions that State Farm has an A+ rating with the Better Business Bureau (BBB) and notes that there are 1,354 complaints on file in the past three years.
However, it doesn’t provide specific customer feedback regarding claim resolutions and payouts for Medicare Supplement policies. More detailed customer experiences could help readers gauge the quality of State Farm’s claims service for Medicare.
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State Farm Insurance Digital and Technological Features
Mobile App Features and Functionality
The review mentions that State Farm offers online services but does not provide details about the features and functionality of its mobile app. Potential policyholders may be interested in knowing whether the mobile app allows them to manage their Medicare Supplement policies conveniently.
Online Account Management Capabilities
While the review mentions that State Farm has an online presence, it doesn’t elaborate on the online account management capabilities for Medicare Supplement policyholders. Details about what policyholders can do through their online accounts would be helpful.
Digital Tools and Resources
The review does not provide information about any specific digital tools or resources that State Farm offers to Medicare Supplement policyholders. Mentioning such tools and resources could highlight the technological benefits of choosing State Farm for Medicare coverage.
State Farm Medicare Supplement: What’s the Bottom Line?
State Farm is an absolute giant in the insurance industry, and if you already have a relationship with them it may be a no-brainer to select their Medicare Supplement coverage as well. Certainly, they have a good history of backing their policies with solid claims service, and they are financially sound. They do not offer a wide range of Medicare policy choices, but there is some good value in the options they do have, particularly for Plans A and F.
Now that we’ve covered all there is to know about State Farm Medicare options, get some numbers.
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Frequently Asked Questions
Where can I find Medicare plans?
Medicare plans are available through the federal government’s Medicare program. You can find and enroll in Medicare plans by visiting the official Medicare website (medicare.gov) or by contacting the Medicare hotline.
What are the different types of Medicare plans?
Medicare offers different types of plans to meet various healthcare needs. The main types include Original Medicare (Part A and Part B), Medicare Advantage (Part C), Medicare Prescription Drug Plans (Part D), and Medicare Supplement Insurance (Medigap) plans.
What is Original Medicare?
Original Medicare is the traditional fee-for-service program offered by the federal government. It consists of Part A (hospital insurance) and Part B (medical insurance) and provides basic coverage for hospital stays, doctor visits, and certain medical services.
What is Medicare Advantage?
Medicare Advantage, also known as Medicare Part C, is an alternative to Original Medicare. These plans are offered by private insurance companies approved by Medicare and provide comprehensive coverage that combines Parts A, B, and often Part D (prescription drug coverage) into a single plan.
What are Medicare Prescription Drug Plans (Part D)?
Medicare Prescription Drug Plans, also known as Part D, are standalone plans offered by private insurance companies that provide coverage for prescription medications. These plans can be added to Original Medicare or included in some Medicare Advantage plans.
What are Medicare Supplement Insurance (Medigap) plans?
Medicare Supplement Insurance, or Medigap, plans are private insurance policies designed to fill the coverage gaps of Original Medicare. These plans help pay for out-of-pocket costs such as deductibles, copayments, and coinsurance.
Can State Farm Insurance help me with my Medicare-related questions?
State Farm Insurance agents may be able to provide general information about Medicare, but they are not authorized to sell Medicare plans or provide specific guidance regarding enrollment or plan selection. It is recommended to contact Medicare directly or consult with a licensed insurance agent specializing in Medicare for personalized assistance.
Where can I find customer reviews and ratings of Medicare plans?
Customer reviews and ratings of Medicare plans can be found on various platforms, including online review websites, insurance forums, and social media. Additionally, the official Medicare website provides resources to compare plans and read reviews from other beneficiaries.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
Secured with SHA-256 Encryption
Kalyn Johnson
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Insurance Claims Support & Sr. Adjuster
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.