State Farm Medicare Plans Review
Read our review of State Farm Medicare Supplement Insurance for help deciding if a State Farm Medicare plan is the best plan for you. Learn more about how much State Farm Medicare plans cost, where they’re available and how to compare plans.
Most people might know State Farm for its auto insurance. After all, the company is the largest auto insurer in the U.S.1 So it’s easy to understand why many people may be surprised to learn that State Farm also plays a significant role in providing Medicare Supplement Insurance, or Medigap.
Below is our review of State Farm Medicare Supplement plans, including the company’s plan selection, some pros and cons or Medicare plans from State Farm and more info to help you decide if State Farm is the right Medigap carrier for your needs.
State Farm sells Medicare Supplement Insurance in 45 states and the District of Columbia.
You won't be able to enroll in a State Farm Medicare plan in Connecticut, Massachusetts, New Jersey, New York and Rhode Island.
State Farm Medicare Supplement plans are accepted by any doctor, hospital or provider who accepts Medicare.
State Farm sells seven of the 10 standardized Medicare Supplement Insurance plans. Plan availability can vary by state, but the Medigap plans State Farm may offer in your area include Plans A, B, C, D, F, G and N. Only plans K, L and M are not sold anywhere by State Farm.
The chart below shows which benefits are included by each plan.
| Medicare Supplement Benefits | A | B | C1 | D | F1 | G | K | L | M | N |
| Part A coinsurance and hospital costs | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Part B coinsurance or copayment | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ |
| First 3 pints of blood | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ |
| Part A hospice care co-insurance or co-payment | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ |
| Co-insurance for skilled nursing facility | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ | ||
| Medicare Part A deductible | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | 50% | ✓ | |
| Medicare Part B deductible | ✓ | ✓ | ||||||||
| Medicare Part B excess charges | ✓ | ✓ | ||||||||
| Foreign travel emergency | 80% | 80% | 80% | 80% | 80% | 80% | ||||
| 1. Plans C and F are not available to new beneficiaries who became eligible for Medicare on or after January 1, 2020. 2. Plans F and G also offer a high deductible plan which has an annual deductible of $2,700 in 2023. Once the annual deductible is met, the plan pays 100% of covered services for the rest of the year. The high deductible Plan F is not available to new beneficiaries who became eligible for Medicare on or after January 1, 2020. 3. Plan K has an out-of-pocket yearly limit of $6,940 in 2023. Plan L has an out-of-pocket yearly limit of $3,470 in 2023. 4. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 for emergency room visits that don’t result in an inpatient admission. View an image version of this table. |
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Below is a sampling of State Farm Medigap monthly premiums in select markets to give you an idea of how much you might expect to pay for a Medicare Supplement Insurance plan from State Farm.
*Quotes for Plan A and Plan G are based on a non-smoking 65-year-old male. Quotes for Plan F are based on a non-smoking 69-year-old male. The sampling below is not representative of the entire selection of State Farm Medigap plans within each respective location.
|
Location |
Plan A |
Plan G |
Plan F |
|---|---|---|---|
|
Cleveland, OH |
$133.11 |
$147.47 |
$257.46 |
| Phoenix, AZ |
$146.96 |
$166.51 |
$264.43 |
| Tampa, FL |
$192.44 |
$212.84 |
$279.82 |
|
Seattle, WA |
$177.14 |
$219.81 |
$289.93 |
| Los Angeles, CA |
$106.93 |
$137.19 |
$241.06 |
State Farm maintains strong financial ratings from leading credit agencies like A.M. Best (A++) and S&P Global Ratings (AA).
State Farm is ranked 44 on the list of Fortune 500 companies.
We explored State Farm’s offerings as an insurance company in order to provide you with this list of some of the pros and cons of State Farm Medicare Supplement Insurance.
State Farm Medicare Supplement Pros
- Plans available in nearly every state
- More than 19,000 local agents across the U.S. providing in-person support
- Strong credit ratings
- Ability to bundle coverage with other State Farm insurance products
- Easy online portal for customers
- Prices that are competitive with other top Medicare Supplement Insurance companies
State Farm Medicare Supplement Cons
- No other Medicare products are available through State Farm (such as Medicare Advantage or Medicare Part D)
- Five states continue to have no State Farm Medicare Supplement options
- Age-based pricing is typically used, which means your monthly premiums may increase as you age
- Neither the high-deductible Plan F nor the high-deductible Plan G are available
State Farm offers a generous selection of Medicare Supplement Insurance plans in a large number of states. Plan prices are competitive with other Medigap insurance companies, and the company has a long and trusted history with strong financial ratings.
Because Medicare Supplement Insurance coverage is standardized everywhere, it’s important to shop for the best plan for your needs at the most affordable price. Contact a licensed insurance agent today for help reviewing the Medigap plan options available where you live. You can also compare plans online for free, without any obligation to enroll.
1 Resendiz, Joe. (June 10, 2021). 10 Largest Auto Insurance Companies. https://www.valuepenguin.com/largest-auto-insurance-companies.
