Everything about Transamerica Medicare Supplement Plans

Medicare Supplement plans are a great way to invite certainty into your post-retirement budget. Why? It’s because these plans create certainty around one major component of your expenses, your healthcare budget.

Transamerican is one such entity that offers Medicare Supplement plans so seniors can fight excessive out-of-pocket costs.

A little younger than some of its counterparts, Transamerica is considered a suitable option when it comes to supplemental insurance.

 Transamerica Medicare Supplement Plans

Company Background

This insurance provider’s roots can be traced back to 1904 corporation, Bank of America. After going through various developments, growth, and acquisitions, Transamerica now acts as a holding company for numerous insurance providers.

Transamerica Medicare Supplements- Salient Features

We can judge the reliability of an insurance provider by looking at its financial history, customer care, and business ethics. Here is an overview of Transamerica’s activities through these lenses.

Financial History

Till now, the company has performed well on its financial front. A.M Best verified this performance with an A rating in the last year which translates to excellent asset management and an excellent asset to liability ration.

Customer Care

Customer care appears to be the worst area within Transamerica’s operations. Unfortunately, this is the primary measure on which customers based their insurance decisions. A one-star review on Yelp! means that the company is performing poorly on processing complaints, communications, promptness, and professionalism.

Variety of Services

Transamerica is an insurance provider that serves almost all related fields. The company serves individuals and corporations with their retirement, health, and accidental insurance.  Other than insurance, it also offers investment options in mutual funds, IRAs, and pension funds.

Offered Plans

For the year 2020, four Transamerica Medicare Supplement Plans are available. These are Medicare Supplement plan A, C, G, and N.

Wrap Up

Transamerica is a quality name when it comes to financial position and outlook. However, enrollees should proceed with it with caution because of a lack of professionalism and confusion surrounding their services and customer care.

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