state farm medigap review — State Farm is one of America’s oldest and largest insurance companies. Founded in 1922 in Bloomington, Illinois, this mutual insurer serves approximately 97 million policies and accounts nationwide. State Farm is best known for auto and home insurance. However, the company also offers Medicare Supplement plans in 46 states plus Washington, D.
- State Farm Overview and Financial Strength
- State Farm Medigap Review: Medicare Plan Options
- State Farm Medicare Rates and Enrollment
- State Farm Additional Benefits and Perks
- State Farm Claims Process and Customer Service
- Pros and Cons of State Farm Medicare Plans
- Who Is State Farm Best For?
- Frequently Asked Questions
C. As a Medigap-only Medicare carrier, State Farm focuses exclusively on supplemental coverage. The company does not sell Medicare Advantage, Part D, or Special Needs Plans. For Medicare beneficiaries who want Original Medicare with gap coverage from a trusted brand, State Farm deserves a close look. This state farm medigap review covers everything you need to know about their plans, rates, and service quality.
State Farm Overview and Financial Strength
State Farm has been in business for over 100 years. George J. Mecherle founded the company in 1922 as a mutual insurer. That means policyholders own the company, not shareholders. Today, State Farm is the largest property and casualty insurer in the United States. The company reported $132.3 billion in total revenue and $170 billion in net worth in 2025. With more than 19,200 agent offices and 62,000 employees, State Farm has one of the largest local service networks in insurance.
Financial strength is critical when choosing a Medigap provider. AM Best downgraded State Farm from A++ to A+ (Superior) in November 2025. The downgrade reflected five years of elevated losses in auto and home insurance. However, AM Best still assesses State Farm’s balance sheet strength at the “strongest” level. An A+ rating remains excellent and well above the industry average. According to NAIC data, State Farm policyholders file Medicare Supplement complaints 49% less often than the industry average. That translates to a complaint index of approximately 0.51, where 1.00 is average.
The table below summarizes State Farm’s key ratings from independent sources. This state farm medigap review pulls from each rating agency directly. As a result, Medicare shoppers can compare State Farm against other carriers with confidence.
| Rating Source | Score / Grade |
|---|---|
| AM Best Financial Strength | A+ (Superior) |
| CMS Star Rating | N/A — Medigap Only |
| NAIC Complaint Index | 0.51 (49% Below Average) |
| JD Power (Life Insurance, 2025) | 697/1,000 — Ranked 2nd |
| BBB Accreditation | Not Accredited |
State Farm Medigap Review: Medicare Plan Options
State Farm offers seven of the ten standardized Medigap plan letters. Beneficiaries can choose from Plans A, B, C, D, F, G, and N. Plans C and F are only available to people who became Medicare-eligible before January 1, 2020. This restriction follows federal law under MACRA, as explained on medicare.gov. State Farm does not offer Plans K, L, or M in any state.
Plan G is typically the most popular choice for new Medicare enrollees. It covers all gaps in Original Medicare except the Part B deductible. Plan N is a lower-premium alternative. However, Plan N requires small copays for some office visits and emergency room trips. In most cases, Medicare beneficiaries choose between these two options. State Farm’s plans follow the same standardized benefits as every other Medigap carrier. The difference comes down to price, financial strength, and customer service.
It is important to note what State Farm does not offer. The company sells no Medicare Advantage HMO or PPO plans. There are no Part D prescription drug plans available through State Farm. Special Needs Plans for dual-eligible or chronic-condition beneficiaries are also not offered. For a complete state farm medigap review, this distinction matters. Beneficiaries who want an all-in-one plan with drug coverage will need to look elsewhere.
State Farm Medicare Rates and Enrollment
State Farm uses attained-age pricing for all Medigap plans. This means premiums are based on your current age. Your rate increases each year as you get older. In addition, premiums may rise due to medical inflation and claims experience. However, State Farm has historically kept rate increases low. Over the past three years, premiums increased an average of 3.7% per year. That rate is lower than most competing Medigap carriers.
Rates vary significantly by state, county, and ZIP code. For example, a 65-year-old in Texas may pay a different rate than one in Ohio for the same Plan G. The best way to get an accurate quote is through State Farm’s website or a local agent. State Farm does not allow fully online enrollment. You can start a quote at statefarm.com, but a licensed agent must complete the application. Beneficiaries can also call 1-866-855-1212 to connect with an agent.
Enrollment timing matters for every state farm medigap review. The Medigap Open Enrollment Period begins when you turn 65 and enroll in Medicare Part B. This six-month window gives you guaranteed-issue rights. During this period, State Farm cannot deny coverage or charge higher rates due to health conditions. Outside this window, medical underwriting applies in most states. As a result, enrolling during your open enrollment period is strongly recommended.
State Farm Additional Benefits and Perks
Medigap plans are standardized by federal law. As a result, State Farm cannot add extra benefits beyond what each plan letter covers. This means no SilverSneakers fitness membership is included. There is no dental, vision, or hearing coverage. OTC allowances, telehealth extras, meal delivery, and transportation benefits are also absent. These perks are features of Medicare Advantage plans, not Medigap.
However, this state farm medigap review should highlight an important tradeoff. Medigap plans offer something Medicare Advantage cannot. You get the freedom to see any doctor or hospital that accepts Medicare nationwide. There are no network restrictions or referral requirements. For beneficiaries who travel frequently or live in rural areas, this flexibility is extremely valuable. Many retirees also review other insurance needs during this time. For example, you can compare home insurance rates at Home Insure Guide to make sure your homeowners coverage keeps pace with your retirement plans.
State Farm does offer multi-policy discounts on auto and home insurance. However, these discounts do not typically extend to Medicare Supplement premiums. Beneficiaries who already have State Farm auto or home policies may find it convenient to manage everything through one agent. That one-stop-shop experience is a genuine advantage when considering the full picture of this state farm medigap review.
State Farm Claims Process and Customer Service
Filing a Medicare Supplement claim with State Farm is straightforward. In most cases, your healthcare provider submits the claim directly to Medicare. After Medicare processes its share, the remaining charges are forwarded to State Farm automatically. This is called crossover billing. Beneficiaries rarely need to file claims themselves. If manual submission is necessary, you can mail the claim or bring it to your local agent’s office.
State Farm offers a mobile app for iOS and Android devices. The app allows you to manage policies, view ID cards, pay bills, and track claims. However, the app is primarily designed for auto and home insurance. Medicare Supplement features are more limited within the app. The online portal at statefarm.com also provides account management tools. You can update payment information and set billing reminders there.
Customer satisfaction data supports a positive state farm medigap review. JD Power ranked State Farm second in individual life insurance satisfaction in 2025 with a score of 697 out of 1,000. While JD Power does not publish a Medicare-specific study, these scores reflect overall service quality. State Farm’s NAIC complaint ratio of 0.51 further confirms that policyholders file fewer complaints than the industry average. Many Medicare beneficiaries also carry life insurance to protect their family. You can compare life insurance rates at Life Insure Guide to explore options alongside your Medicare coverage.
Pros and Cons of State Farm Medicare Plans
Every thorough state farm medigap review should weigh strengths and weaknesses clearly. Here is what stands out about State Farm’s Medicare Supplement offerings.
Pros:
- AM Best A+ (Superior) financial strength rating backed by over 100 years in business
- NAIC complaint index of 0.51, meaning 49% fewer complaints than the industry average
- Average annual rate increases of just 3.7%, lower than most Medigap competitors
- Available in 46 states plus Washington, D.C., with 19,200 local agent offices for in-person service
Cons:
- No Medicare Advantage, Part D, or Special Needs Plans available — Medigap only
- Enrollment requires working with an agent and cannot be completed fully online
- Does not offer Medigap Plans K, L, or M, limiting choices for budget-conscious shoppers
Who Is State Farm Best For?
This state farm medigap review points to a clear profile of the ideal customer. State Farm is best for Medicare beneficiaries who want reliable Medigap coverage from a financially strong, well-established insurer. The company is an excellent fit for people who already have State Farm auto or home policies. Managing all your insurance through one local agent simplifies your financial life considerably.
State Farm is particularly strong for Plan G and Plan N shoppers. These two plans offer the best value in the current Medigap market. With historically low rate increases, State Farm helps keep long-term costs predictable. Beneficiaries who prefer working with a local agent rather than enrolling online will also appreciate the company’s massive agent network across 46 states.
However, State Farm is not the best choice for everyone. If you want an all-in-one Medicare Advantage plan with drug coverage and extra benefits, look elsewhere. Beneficiaries in Connecticut, Massachusetts, New Jersey, New York, or Rhode Island cannot purchase State Farm Medigap at all. For those who do qualify, this state farm medigap review confirms that State Farm remains one of the most dependable Medigap carriers in the country. You can verify plan availability in your area through medicare.gov’s Medigap policy search tool.
Frequently Asked Questions
Does State Farm offer Medicare Advantage or Part D plans?
No. State Farm is a Medigap-only carrier. They sell Medicare Supplement plans but do not offer Medicare Advantage HMO or PPO plans. As a result, you will need a separate insurer for Part D prescription drug coverage.
What Medigap plans does State Farm sell?
State Farm offers Plans A, B, C, D, F, G, and N. However, Plans C and F are only available to those who became Medicare-eligible before 2020. In most cases, Plan G or Plan N is the best option for new enrollees based on this state farm medigap review.
Is State Farm available in all 50 states for Medigap?
No. State Farm sells Medigap in 46 states plus Washington, D.C. Typically, Connecticut, Massachusetts, New Jersey, New York, and Rhode Island are excluded. Check medicare.gov to confirm availability in your specific ZIP code.
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Official Sources & Resources
For verified information on Medicare plans, ratings, and enrollment:
- Medicare.gov (Official): medicare.gov
- CMS.gov (Centers for Medicare & Medicaid): cms.gov
- AM Best (Financial Strength Ratings): ambest.com
- NAIC (Complaint Ratios): naic.org
- State Health Insurance Assistance Program (SHIP): shiphelp.org
- Kaiser Family Foundation (KFF): kff.org
Content last reviewed April 2026. If you notice any outdated information, please contact us.