Medico Insurance Company(IA)contact details, service and products, claims, coverage details..

Medico Insurance Company(IA) is a leading provider of supplemental health insurance products that help customers fill the gaps in their original Medicare coverage. Founded in 1930 and headquartered in Des Moines, Iowa, the company offers a variety of plans, such as Medicare Supplement, Preneed Funeral, Dental, Final Expense, First Diagnosis Cancer, and Hospital Indemnity insurance. Medico Insurance Company(IA) is committed to delivering quality service, competitive pricing, and innovative solutions to meet the diverse needs of its customers. With an A+ rating from the Better Business Bureau and strong financial stability, Medico Insurance Company(IA) is a trusted and reliable partner for your health and wellness needs.

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Founded in 1930 and headquartered in Des Moines, Iowa, the company offers a variety of plans, such as Medicare Supplement, Preneed Funeral, Dental, Final Expense, First Diagnosis Cancer, and Hospital Indemnity insurance. photocourtesymedicosupplementplans.

 

Medico Insurance Company(IA) Basic Information:

Basic Information Medico Insurance Company(IA)
Phone Number (800) 547-2401 or 1-800-228-6080 or 1-800-233-6050 depending on policy number and type of insurance
Address 601 6th Ave, Des Moines, IA, 50309
Customer Service contact customerservice@wellabe.com or agentsupport@wellabe.com or use the contact form on their website policy
y details Medicare Supplement, Hospital Indemnity, Short-Term Recovery Care, First Diagnosis Cancer, Dental, Final Expense, and Whole Life Insurance
Email address customerservice@wellabe.com or agentsupport@wellabe.com or use the contact form on their website
Fax number 1-717-481-8215 or 1-402-938-9459 or 1-402-496-8199 depending on policy number and type of insurance operating
g hours Monday Monday y to Friday, 7:30 a.m. to 5:00 p.m. Central time

 

Medico Insurance Company(IA) Services & Products:

  • Medicare Supplement Insurance: This is a supplemental coverage that helps pay for out-of-pocket expenses that are not covered by Original Medicare, such as coinsurance, copayments, and deductibles. Medico Insurance Company offers Medicare Supplement Plans A, F, High Deductible F, G, and N in most states.
  • Hospital Indemnity Insurance: This is a coverage that pays a fixed amount for each day you are hospitalized, regardless of the actual hospital charges. You can use this money to cover any expenses you may have, such as travel, lodging, or lost income.
  • Short-Term Recovery Care Insurance: This is a coverage that helps pay for the cost of care in a nursing facility, assisted living facility, or at home, after a hospital stay or surgery. This can help you recover from an illness or injury without worrying about the financial burden.
  • First Diagnosis Cancer Insurance: This is a coverage that pays a lump sum benefit if you are diagnosed with cancer for the first time. You can use this money for any purpose you choose, such as medical bills, travel, or family needs.
  • Medico Dental Plus Insurance Series: This is a coverage that helps pay for dental, vision, and hearing services. You can choose from three plans that offer different levels of benefits and network options.
  • Final Expense Whole Life Insurance: This is a coverage that helps pay for your funeral and other final expenses after you pass away. You can choose from three plans that offer different amounts of coverage and premium options.

 

Medico Insurance Company(IA) Financial Details:

  • Premium costs: The amount you pay for your insurance policy depends on many factors, such as the type of coverage, the amount of coverage, your age, your health, your location, and your personal preferences. You can compare different plans and rates online or with an agent to find the best option.
  • Payment options: Most insurance companies offer various payment options, such as monthly, quarterly, semi-annually, or annually. Some companies may also offer discounts or incentives for paying in advance or using electronic funds transfer. You should check with your insurance company or agent to see what payment options are available and what suits your budget.
  • Discounts and promotional offers: Some insurance companies may offer discounts or promotional offers to attract or retain customers. These may include lower premiums, reduced deductibles, cash back, gift cards, or other benefits. However, these offers may have certain terms and conditions, such as limited time, eligibility criteria, or exclusions. You should read the fine print carefully and compare the overall value of the offer with other options.
  • Claim payout ratio: The claim payout ratio is the percentage of claims that an insurance company pays out to its policyholders. A higher claim payout ratio means that the company is more likely to honor your claim and pay you the full amount you are entitled to. A lower claim payout ratio may indicate that the company is more selective or stringent in processing claims, or that it has more expenses or losses. You can check the claim payout ratio of different insurance companies online or with an agent to see how they perform.

 

How To File Claims With Medico Insurance Company(IA):

 

What Are Types Of Coverage Details:

  • Policy exclusions: Medico Insurance Company(IA) does not cover any services or expenses that are not medically necessary, such as cosmetic surgery, experimental treatments, or personal items. The company also does not cover any services or expenses that are covered by Medicare, such as hospice care, home health care, or preventive care. Additionally, some plans may have specific exclusions, such as foreign travel emergency for Plan A.
  • Coverage limits: Medico Insurance Company(IA) does not have any annual or lifetime limits on the benefits it pays for Medicare-covered services. However, some plans may have limits on the amount or frequency of certain benefits, such as the first three pints of blood, skilled nursing facility copayment, or foreign travel emergency. You should check your plan’s outline of coverage for more details.
  • Deductibles: A deductible is the amount you have to pay out of your pocket before your insurance starts to pay. Medico Insurance Company(IA) offers plans that cover the Medicare Part A and Part B deductibles, such as Plan F and Plan G. It also offers plans that have a high deductible option, such as High-deductible Plan F and High-deductible Plan G. These plans have lower premiums. Still, you have to pay a higher deductible ($2,370 in 2021) before the plan pays any benefits.
  • Add-ons or riders: An add-on or a rider is an optional feature that you can purchase to enhance your coverage. Medico Insurance Company(IA) does not offer any add-ons or riders for its Medicare Supplement plans. However, it does offer other insurance products that you can buy separately, such as dental, vision, and hearing insurance, short-term recovery care insurance, first diagnosis cancer insurance, or final expense whole life insurance.

 

Company Details:

  • History and founding year: Medico insurance company(IA) was founded in 1930 as a mutual insurance company. It became a stock company in 1977 and changed its name to Medico Corp Life Insurance Company. It is a subsidiary of American Enterprise Group, which provides insurance solutions to Americans.
  • CEO and leadership team: The current CEO of Medico Insurance Company(IA) is Joyce R. Marks. The leadership team also includes Scott K. Sundet (Senior Vice President, Sales and Marketing), John M. Lindquist (Senior Vice President, Chief Financial Officer and Treasurer), Michael L. Abbott (Senior Vice President, General Counsel and Secretary), and Debra J. Bell (Senior Vice President, Chief Information Officer).
  • Annual report: Medico Insurance Company(IA) does not publish its annual report on its website. However, you can find some financial information about the company on its parent company’s website. According to the latest report, Medico Insurance Company(IA) had $1.2 billion in total assets, $1 billion in total liabilities, and $201 million in total capital and surplus as of December 31, 2020.
  • Financial stability ratings: Medico Insurance Company(IA) has an A- (Excellent) rating from A.M. Best, which indicates a strong ability to meet its ongoing insurance obligations. The rating is based on factors such as balance sheet strength, operating performance, and business profile.
  • Market share and company size: Medico Insurance Company(IA) is one of the leading providers of Medicare Supplement insurance in the United States. It has a market share of 2.3% and ranks 12th among the top 50 Medicare Supplement insurers in 2019. It has over 200,000 policyholders and over 200 employees.

Customer Experiences:

  • Customer reviews and ratings: Medico Insurance Company(IA) has mixed customer reviews and ratings on various websites. Some customers are satisfied with the company’s coverage, discounts, and claim service, while others are unhappy with the company’s communication, responsiveness, and policy changes. The company has an average rating of 3.7 out of 5 stars on HelpAdvisor.com, 3.6 out of 5 stars on MedicareFAQ.com, and 2.5 out of 5 stars on PeopleClaim.com.
  • Testimonials: Medico Insurance Company(IA) features some positive testimonials from its customers on its website. Here are some examples:

    “I have had Medico for over 10 years and have never had a problem with them. They always pay my claims on time and are very easy to work with. I would recommend them to anyone looking for a Medicare Supplement plan.” – Mary, Iowa

    “Medico has been a great company to deal with. They have excellent customer service and always answer my questions. They also have very competitive rates and a variety of plans to choose from. I am thrilled with my Medico plan.” – Robert, Texas

    “I am so glad I chose Medico for my Medicare Supplement plan. They have saved me a lot of money and hassle. They cover everything that Medicare doesn’t and have no deductibles or copays. They also have a high-deductible option that lowers my premium even more. Medico is the best!” – Susan, Florida

  • Complaints and resolutions: Medico Insurance Company(IA) has received some complaints from its customers on various websites. Some of the common issues are:
    • Delayed or denied claims
    • Poor communication or customer service
    • Unexpected policy changes or cancellations
    • Difficulty in reaching a representative or getting a refund

    The company has responded to some of the complaints and tried to resolve them by explaining the policy terms, providing the claim status, or offering an apology.

Online & Tech Features:

  • Mobile app features and reviews: Medico Insurance Company(IA) does not have a mobile app for its customers. However, you can access their website on your mobile device and use some of the online features, such as finding an agent, checking your claim status, or contacting customer service.
  • Online account management: You can create an online account on the company’s website and manage your policy, view your benefits, pay your premiums, update your personal information, and more. You can also sign up for paperless statements and notifications.
  • Digital claim filing options: You can file a claim online by logging into your account on the company’s website and filling out a claim form. You can also upload any supporting documents, such as itemized bills, receipts, or medical records. Alternatively, you can fax or mail your claim form and documents to the company’s address.
  • Chat support or AI-assisted help: Medico Insurance Company(IA) does not offer chat support or AI-assisted help on its website or mobile device. However, you can call their customer service center at 1-800-228-6080 and speak to a representative who can assist you with your questions or concerns. You can also email them at info@gomedico.com or fill out a contact form on their website.

 

Corporate Social Responsibility:

  • Charitable initiatives: Medico Insurance Company(IA) is part of the American Enterprise Group, which supports various charitable causes and organizations, such as the United Way, American Red Cross, American Cancer Society, Habitat for Humanity, and more. The company also encourages its employees to volunteer and donate to the communities they serve.
  • Environmental efforts: Medico Insurance Company(IA) is committed to reducing its environmental impact and promoting sustainability. The company has implemented several green initiatives, such as recycling, energy conservation, paperless billing, and electronic delivery of documents. The company also participates in the Carbon Disclosure Project, which measures and discloses its greenhouse gas emissions and climate change risks.
  • Community involvement: Medico Insurance Company(IA) is actively involved in the communities where it operates and where its customers live. The company supports various local events and programs, such as health fairs, senior expos, wellness workshops, and educational seminars. The company also partners with local agents and brokers to provide quality insurance solutions and customer service.

Frequently Asked Questions (FAQs)

 What is Medico Insurance Company(IA)?

  • Medico Insurance Company(IA) is a subsidiary of American Enterprise Group, which has been providing insurance solutions to Americans since 1930. Medico Insurance Company(IA) offers various types of insurance products, such as Medicare Supplement Insurance, Hospital Indemnity Insurance, Short Term Recovery Care Insurance, First Diagnosis Cancer Insurance, Medico Dental Plus Insurance Series, and Final Expense Whole Life Insurance.

 How do I enroll in a Medico Insurance Company(IA) Medicare Supplement plan?

  • A: You can enroll in a Medico Insurance Company(IA) Medicare Supplement plan if you are 65 years old and enrolled in Medicare Parts A and B. You can apply for a plan at any time of the year, but the best time is during your open enrollment period, which is the six-month period that begins on the first day of the month in which you turn 65 and are enrolled in Medicare Part B. During this period, you can enroll in any plan without having to answer health questions or undergo medical.

 How much do Medico Insurance Company(IA) Medicare Supplement plans cost?

  • A: The cost of Medico Insurance Company(IA) Medicare Supplement plans depends on many factors, such as the type of plan, the amount of coverage, your age, your health, your location, and your personal preferences. You can compare different plans and rates online or with an agent to find the best option.
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