Allstate Medicare Supplement Insurance 2024 Review

Allstate 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.

• Medigap Plan A — the basic benefits included in every Medigap plan without any extras.

• 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.)

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.

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.

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 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%.

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 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.