medico medicare supplement review — Medico Insurance Company has been helping Americans manage healthcare costs since 1930. The company operates as a subsidiary of Wellabe, formerly known as American Enterprise Group. Its headquarters sit in Omaha, Nebraska. Medico specializes in Medicare Supplement insurance rather than Medicare Advantage plans.
- Medico Corp Overview and Financial Strength
- Medico Medicare Supplement Review: Medicare Plan Options
- Medico Corp Medicare Rates and Enrollment
- Medico Corp Additional Benefits and Perks
- Medico Corp Claims Process and Customer Service
- Pros and Cons of Medico Corp Medicare Plans
- Who Is Medico Corp Best For?
- Frequently Asked Questions
This focused approach sets it apart from larger national carriers. As a result, the company has built a strong reputation for competitive Medigap rates and financial stability. This medico medicare supplement review examines the company’s financial strength, plan options, pricing, and customer experience. Beneficiaries exploring Medigap coverage should understand what Medico offers before making an enrollment decision.
Medico Corp Overview and Financial Strength
Medico Insurance Company was founded in 1929 by Watson Powell. The company has operated continuously for over 95 years. In 2023, its parent company American Enterprise Group rebranded to Wellabe. This change unified six life insurance subsidiaries under one brand identity. Medico is licensed in 49 states and the District of Columbia. However, it currently offers Medicare Supplement plans in approximately 28 states. The company recently expanded into California, Maryland, New Jersey, Georgia, Indiana, Kentucky, Ohio, and Texas in early 2025.
AM Best assigns Medico an A- (Excellent) financial strength rating. This rating reflects strong risk-adjusted capitalization and improved financial results. AM Best upgraded the company from B++ to A- in February 2015. The NAIC complaint index for Medico is approximately 1.29. This means complaints run about 29% above the national median of 1.00. According to medicare.gov, beneficiaries should always check complaint records before choosing any insurance carrier. A medico medicare supplement review would not be complete without noting this above-average complaint figure.
The following table summarizes Medico’s ratings across major evaluation sources.
| Rating Source | Score / Grade |
|---|---|
| AM Best Financial Strength | A- (Excellent) |
| CMS Star Rating | N/A — Medigap Only |
| NAIC Complaint Index | ~1.29 (National Median: 1.00) |
| JD Power Medicare Satisfaction | Not Ranked |
| BBB | Not Accredited — 15 Complaints on File |
Medico Medicare Supplement Review: Medicare Plan Options
This medico medicare supplement review focuses on the company’s core Medigap offerings. Medico sells six standardized Medicare Supplement plans. These include Plan A, Plan F, High-Deductible Plan F, Plan G, High-Deductible Plan G, and Plan N. Plan F is only available to beneficiaries who became Medicare-eligible before January 1, 2020. For most new enrollees, Plan G and Plan N are the primary choices. In Wisconsin, Medico also offers a state-specific Basic plan that follows Wisconsin’s own standardized Medigap framework.
Medico does not offer Medicare Advantage plans. It also does not sell Part D prescription drug plans or Special Needs Plans. This is a Medigap-only carrier. As a result, beneficiaries who want all-in-one Medicare Advantage coverage must look elsewhere. However, this narrow focus allows Medico to concentrate on supplement plan pricing and service quality. You can compare available Medicare Advantage and Part D plans through the Medicare Plan Finder at medicare.gov.
Medigap plans from Medico follow federal standardization rules set by CMS. For example, Plan G covers Medicare Part A and Part B coinsurance amounts. It also covers the Part A deductible, skilled nursing facility care, and foreign travel emergency costs. Plan N works similarly but requires small copays for certain office and emergency room visits. These standardized benefits are identical across every carrier that sells them. The difference comes down to premium pricing and customer service. This medico medicare supplement review finds the company most competitive on Plan G and Plan N rates in its active markets.
Medico Corp Medicare Rates and Enrollment
Medico uses attained-age rating for its Medicare Supplement premiums. This means your premium is based on your current age at the time of billing. Rates increase as you get older, in addition to standard adjustments for medical inflation. Typically, attained-age plans start with lower premiums for younger enrollees. However, costs rise with each birthday going forward. Beneficiaries should factor in long-term premium growth when comparing this medico medicare supplement review against community-rated or issue-age carriers.
Enrollment happens primarily through licensed independent insurance agents. Medico does not offer direct online enrollment through its website. Instead, the company directs consumers to find a local agent for personalized help. Beneficiaries can also call 866-739-8143 to connect with a qualified representative. Medico offers accelerated underwriting in most states. This feature speeds up the application process significantly. However, accelerated underwriting is not available in Arkansas, Kansas, or Louisiana.
The best time to enroll is during your Medigap Open Enrollment Period. This six-month window begins when you turn 65 and enroll in Medicare Part B. During this period, Medico cannot deny you coverage or charge higher premiums for pre-existing health conditions. As noted by cms.gov, guaranteed issue rights protect beneficiaries during open enrollment. Outside this window, medical underwriting applies in most states. In most cases, enrolling during your open enrollment period gets you the best rates available.
Medico Corp Additional Benefits and Perks
One standout feature in this medico medicare supplement review is the optional dental rider. Medico offers a dental benefit that attaches directly to Medicare Supplement plans. This rider is currently available in select states. Those states include Arizona, California, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, North Carolina, South Carolina, and Tennessee. Very few Medigap carriers offer an integrated dental option. This makes Medico genuinely unusual in the supplement insurance market.
Beyond the dental rider, Medico sells standalone dental insurance plans with no waiting period. Coverage begins on day one for preventive care like cleanings and x-rays. Major procedures including fillings, crowns, and bridges are also covered. For vision, Medico partners with VSP Individual Vision Plans. Two plan options are available through this partnership. For hearing benefits, the company works with Start Hearing. This partnership offers discounts up to 48% on hearing aids and tinnitus treatment options.
Because Medico does not offer Medicare Advantage plans, certain popular benefits are not available. For example, SilverSneakers fitness memberships, OTC allowances, meal delivery services, and transportation assistance are all Medicare Advantage perks. They are never part of any Medigap plan from any carrier. Many Medicare beneficiaries also carry a life insurance policy to protect their family, and you can compare life insurance rates at Life Insure Guide to find the right coverage alongside your Medigap plan.
Medico Corp Claims Process and Customer Service
Filing claims with Medico is straightforward. Beneficiaries can submit claims by mail, fax, or through the Wellabe mobile app. The app is called “Wellabe: Be Well” and is available for smartphones. It lets policyholders submit claims and check claim status on the go. An online portal at wellabe.com provides additional account management tools. In most cases, Medicare processes the initial claim first. Then the Medigap carrier pays the remaining covered amount automatically through the Medicare crossover system.
Customer service is available at 1-800-228-6080. Hours run Monday through Friday, 7:30 a.m. to 5:00 p.m. Central Time. This medico medicare supplement review notes that JD Power does not currently rank Medico in its Medicare satisfaction studies. The company’s smaller market presence likely keeps it out of major national surveys. However, the NAIC complaint index of approximately 1.29 suggests some room for improvement. Beneficiaries should consider reading recent reviews and checking complaint records before committing to a policy.
Retirees often manage multiple insurance policies at the same time. It is wise to review your homeowners coverage alongside your Medicare choices each year. You can compare home insurance rates at Home Insure Guide to make sure your property remains properly protected during retirement.
Pros and Cons of Medico Corp Medicare Plans
Pros:
- AM Best A- (Excellent) financial strength rating provides long-term stability
- Optional dental rider available on Medigap plans in 11 select states
- Competitive attained-age rates on popular Plan G and Plan N
- Accelerated underwriting speeds up the application process in most states
- Over 95 years of continuous operation as an insurance provider
Cons:
- Medicare Supplement plans available in only about 28 states
- NAIC complaint index of 1.29 runs above the national median
- No Medicare Advantage, Part D, or Special Needs Plan options available
- Attained-age pricing means premiums increase with each birthday
Who Is Medico Corp Best For?
This medico medicare supplement review finds Medico best suited for specific types of Medicare beneficiaries. The company is a strong choice for seniors who want a straightforward Medigap Plan G or Plan N at competitive rates. Its optional dental rider gives it a clear edge over carriers that offer no ancillary benefits whatsoever. Beneficiaries living in the 11 states where the dental rider is available get added value from working with a single carrier for both medical and dental needs.
Medico is also a good fit for beneficiaries who prefer working with independent insurance agents. The company’s agent-focused distribution model means you get personalized guidance when comparing plans. However, this medico medicare supplement review is less favorable for those who want Medicare Advantage benefits. If you need SilverSneakers, OTC allowances, or prescription drug coverage from the same carrier, Medico is not the right choice.
In summary, the medico medicare supplement review reveals a financially stable, Medigap-focused carrier with competitive pricing and a unique dental rider. The AM Best A- rating and 95-year track record provide genuine confidence. The above-average complaint ratio and limited state availability are factors worth considering. For Medicare beneficiaries who value pricing simplicity, rate competitiveness, and optional dental coverage, Medico deserves serious consideration during your next enrollment period.
Frequently Asked Questions
Is Medico a good company for Medicare Supplement insurance?
Medico holds an AM Best A- (Excellent) financial strength rating. This indicates strong financial stability after over 95 years in business. However, the NAIC complaint index is slightly above average at approximately 1.29. As a result, beneficiaries should weigh the competitive rates against customer service reviews before making a final enrollment decision.
What Medigap plans does Medico offer?
Medico offers Plan A, Plan F, High-Deductible Plan F, Plan G, High-Deductible Plan G, and Plan N. Plan F is only available to those Medicare-eligible before 2020. Typically, Plan G and Plan N are the most popular and cost-effective choices for new enrollees today.
Does Medico offer Medicare Advantage or Part D prescription drug plans?
No. Medico is exclusively a Medigap carrier. It does not sell Medicare Advantage, Part D, or Special Needs Plans. For example, if you need Part D prescription drug coverage, you will need to enroll through a separate insurance carrier alongside your Medico supplement plan.
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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.