Philadelphia American is a New Era Life Insurance Company subsidiary, a more prominent insurance firm. They are located in Houston, Texas. They specialize in offering Medicare supplement insurance. This includes the Philadelphia American Medicare plans and other end-of-life insurance coverage for people who qualify for Medicare.
Philadelphia American was founded in 1924, with new management taking over in 1989. They have several subsidiary brand names, including New Era Lide Insurance Company, New Era Life Insurance Company of the Midwest, and Philadelphia American Life Insurance.
Philadephia American offers Medicare Supplemental plans in many states throughout the United States. All Medigap plan options are available except Plans K and L.
In addition to Medigap plans, Philadelphia American also offers Final Expense. Accident, Dental, and Critical Illness insurance options.
Medicare Supplement plans are the most comprehensive coverage you can add to your Original Medicare. Philadelphia not only offers the nation’s top three plans, but they offer just about every Medigap option available. All three subsidiaries offer Philidelphia American Medigap plans. Offerings and prices can vary from state to state.
| PLAN | A | B | C | D | F | G | K | L | M | N |
| Part A Hospital Coinsurance | X | X | X | X | X | X | X | X | X | X |
| Hospital Reserve Days | X | X | X | X | X | X | X | X | X | X |
| 3 Pints of Blood | X | X | X | X | X | X | 50% | 75% | X | X |
| Part B Coinsurance | X | X | X | X | X | X | 50% | 75% | X | *Copays |
| Hospice Coinsurance | X | X | X | X | X | X | 50% | 75% | X | X |
| Skilled Nursing Facility | X | X | X | X | 50% | 75% | X | X | ||
| Part A Deductible | X | X | X | X | X | 50% | 75% | 50% | X | |
| Part B Deductible | X | X | ||||||||
| Part B Excess Charges | X | X | ||||||||
| Foreign Travel Benefit | X | X | X | X | X | X | X | X | ||
| Preventive Care Coinsurance | X | X | X | X | X | X | X | X | X | X |
| Out of Pocket Limit | None | None | None | None | None | None | $6,940 | $3,470 | None | None |
| *Copays are $20 per office visit, and $50 per ER visit if not admitted to a hospital A checkmark indicates 100% coverage for the specified benefit | ||||||||||
Medicare Advantage, all-in-one plans aren’t offered by Philadelphia American Insurance Company or any of its subsidies.
Philadelphia American Insurance Company and its subsidies don’t offer Part D prescription drug plans.
Suppose you need help with Medicare Advantage or Prescription Drug plans. In that case, we are experts in all aspects of Medicare and can help resolve those issues for you.
All three of Philadelphia American’s subsidiaries have good financial strength ratings.
New Era Life Insurance Company: B++ (Outlook Positive) from A.M. Best
New Era Life Insurance Company of the Midwest: B++ (Outlook Positive) from A.M. Best
Philadelphia American Life Insurance Company: B++ (Outlook Positive) from A.M. Best
These ratings indicate that each company can promptly pay out claims and meet policyholder obligations.
When looking at Philadelphia American Insurance Company reviews, it’s essential to remember that the company has four different subsidiaries. New Era Life Insurance Company, New Era Life Insurance Company of the Midwest, Philadelphia Life, and Philadelphia American Life Insurance Company have independent reviews.
Philadelphia American and its subsidiaries have worked with Medicare beneficiaries for many years. They are a financially stable company with great rates in many of the states in which they do business in.
The Philadelphia American Life Insurance Medicare Supplement policy has a few eligibility requirements. You must be enrolled in Medicare Part A and B, live in an area where they offer plance, and if you’re outside of your Open Enrollment or Guarantee Issue periods, pass medical underwriting.
Philadelphia American was founded in 1924. New management took over in 1989.
Houston, Texas. They also have offices in many states across the country.
Yes. Philadelphia American offers Plans A, B, C, D, F, G, M, and N.
They also provide the high-deductible version of Plan F and the high-deductible version of Plan G. These plan options are named Plans HDF and HDG. Not all plans are available in all states.
No, Philadelphia American offers Medigap plans. Like a PPO, you can go to any healthcare provider nationwide, assuming they accept Medicare. A Medicare Supplement plan isn’t a PPO.
Yes, Is Philadelphia American is a subsidy of the New Era.
You must have Medicare Part A and B to enroll in a Philadelphia American Medicare plan. Then, simply by speaking to one of our licensed insurance agents.
Our agents specialize in Medicare and are standing by to help you. We can review your options, explain the details and process involved, and assist you with enrollment.
Let us be your one-stop shop for Medicare. We pride ourselves on making the process stress-free and straightforward. Fill out our online request form or give us a call.
Written By:
Lindsay Malzone, Lindsay Malzone is the Medicare editor for Medigap.com. She's been contributing to many well-known publications since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.
Reviewed By:Rodolfo Marrero, Rodolfo Marrero is one of the co-founders at Medigap.com. He has been helping consumers find the right coverage since the site was founded in 2013. Rodolfo is a licensed insurance agent that works hand-in-hand with the team to ensure the accuracy of the content.
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