Wellabe (formerly Medico) Medicare Supplement Insurance 2024 Review

Wellabe, formerly Medico, has low premiums and multiple discount options, but gets more customer complaints than average.
Alex Rosenberg
By Alex Rosenberg 
Edited by Holly Carey

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Wellabe Medigap

Wellabe

Wellabe (formerly Medico) offers Medigap plans with rock-bottom prices and several available discounts, but availability is limited and complaint rates aren't ideal.

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Plan types offered

A, F, G and N.


NAIC complaint rate

More than expected


Premium discounts available

Below average


Plan types offered

A, F, G and N.


NAIC complaint rate

More than expected


Premium discounts available

Below average


Pros

  • Lower prices than almost all competitors.

Cons

  • High complaint rates.
  • Limited state footprint.
  • Discount amounts aren't published online.

Wellabe Medicare Supplement Insurance, or Medigap, is available in 27 states. These policies were formerly sold under the name Medico. While the Medico-to-Wellabe rebranding is ongoing, you might still see the Medico name on shopping tools and certain official materials.

Wellabe offers Medigap Plan A, Plan G and Plan N for any Medicare member, plus Plan F for those who qualify. The company’s prices are low and there are several available discounts, but its complaint rates are on the high side.

Here's what you should know about Wellabe (Medico) Medicare Supplement Insurance.

Wellabe (Medico) Medicare Supplement Insurance

3.0

NerdWallet rating 

Wellabe (Medico) Medicare Supplement Insurance earned 3 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, complaint data from the National Association of Insurance Commissioners and more.

Still deciding on the right carrier? Compare Medigap plans

Wellabe Medicare Supplement pros and cons

Wellabe’s Medigap offerings have advantages and disadvantages.

Pros

  • Low prices: Wellabe’s Medigap premiums are among the lowest on the market.

Cons

  • Complaints: Wellabe has significantly more member complaints than the average Medigap company.

  • Availability: Plans are available in only about half of states.

  • Discount details: While there are several discounts available, information about how large they are isn't published online.

Wellabe (Medico) Medicare Supplement plan types

Here are the Medicare Supplement Insurance plans Wellabe offers for any Medicare member:

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

  • Medigap Plan N — a plan with lower premiums but higher copays.

  • Medigap Plan G — the highest-coverage option available to new Medicare members. Available as a high-deductible plan in certain locations.

Wellabe 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, Wellabe offers plans in Wisconsin that fit the state’s standards. (Massachusetts, Minnesota and Wisconsin don't use the same Medigap standardization system as the rest of the country.)

Cost for Wellabe (Medico) Medicare Supplement Insurance

The following price estimates were obtained for three metropolitan areas representing above-average, average and below-average costs for the most popular Medicare Supplement Insurance plans (Plan G and Plan N)

NerdWallet analysis of American Association for Medicare Supplement Insurance data. Best Costs Medigap 2024 – Plan G. Accessed Mar 25, 2024.
:

  • Philadelphia: More expensive than average.

  • Atlanta: Average cost.

  • Dallas: Less expensive than average.

The sections below show pricing information from Wellabe or Medico for a 65-year-old female nonsmoker as filed with the Centers for Medicare & Medicaid Services

Centers for Medicare & Medicaid Services. Find a Medigap Policy That Works For You. Accessed Mar 25, 2024.
. (Note: Some Medigap prices may be higher for males.)

For comparison, the table for each plan also includes the price for the least-expensive option to buy the same plan from any company that filed prices. For example, Wellabe’s price for Medigap Plan G in Philadelphia appears alongside the lowest price on Medicare.gov for all Plan G policies available in Philadelphia to an applicant with identical demographics.

Plan G

On average, Wellabe’s estimated premiums for Medigap Plan G were about 8% higher than the least expensive Plan G policy in the area.

Wellabe (Medico) price

Medicare.gov lowest price

Philadelphia

$142.

$134.

Atlanta

$130.

$119.

Dallas

$120.

$109.

Plan N

On average, Wellabe’s estimated premiums for Medigap Plan N were about 10% higher than the least expensive Plan N policy in the area.

Wellabe (Medico) price

Medicare.gov lowest price

Philadelphia

$109.

$97.

Atlanta

$96.

$90.

Dallas

$92.

$82.

Discounts

Wellabe offers several possible discounts for qualifying members who:

  • Don’t smoke.

  • Pay by automatic bank account withdrawals.

  • Live with another person age 50 or older.

Discount amounts and availability may vary according to factors such as your location, household status and how you apply for a policy.

Wellabe member complaints

53% more complaints than average

Members file complaints about Medicare Supplement Insurance plans from Wellabe at a rate about 53% higher than the average for all Medigap plans, according to 2022 data from the National Association of Insurance Commissioners for Wellabe (Medico) and its subsidiaries that sell Medicare Supplement Insurance policies

National Association of Insurance Commissioners. Company Complaint Index. Accessed Mar 25, 2024.
.

NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.

Wellabe’s spending on care

77.1% for member benefits

Medicare Supplement Insurance providers must report data on the premiums they collect and how much they spend to provide benefits for members.

Based on the most recent year of data, Wellabe and Medico Medicare Supplement Insurance plans spend about 77.1% of premiums on member benefits

. (The other 22.9% goes to overhead expenses like administrative costs, marketing, salaries and commissions.)

For comparison, the average for all providers is 80.4%. The minimum required by law for individual Medigap policies is 60%

Code of Federal Regulations. Title 42, Part 403, Section 215. Accessed Mar 25, 2024.
.

Additional benefits

Medigap plans are standardized, but companies can offer extras on top of the Medicare benefits.

Beneficiaries with a Wellabe (Medico) Medicare Supplement Insurance policy might earn a $100 statement credit if they get inpatient care at a hospital in the USA Senior Care Network. You’ll need to contact the USA Senior Care Network to find participating facilities.

Wellabe Medicare Supplement Insurance service area

Wellabe (Medico) Medicare Supplement Insurance plans are offered in 27 states.

Wellabe covers about 90,000 Medigap beneficiaries and has about a 0.7% share of the total Medicare Supplement Insurance market

National Association of Insurance Commissioners. 2022 Medicare Supplement Loss Ratios. Accessed Mar 25, 2024.
.

Compare Medicare Supplement Insurance companies

Get more information below about some of the major Medicare Supplement Insurance companies. These insurers offer Medigap plans in most states, but specifics may vary depending on your location.

Find the right Medicare Supplement Insurance plan

Because Medigap plans are standardized, you can get precisely the same Medicare benefits from any company offering the plan. So when you shop, keep these considerations in mind to find the best policy to fit your needs:

  • Is your preferred plan available? Health insurance companies don’t always sell every plan, so check who sells the plan you want to buy in your area.

  • What are the premiums? Prices for the same plan can vary between companies, so check to find the most competitive rates.

  • Will your premiums change over time? Most policies cost more as you age, but some companies offer policies that let you lock in a price when you sign up.

  • Are there extras? Medigap plans’ core benefits are standardized, but in certain cases, some companies include such perks as discount programs or gym memberships.

If you have additional questions about Medicare, visit Medicare.gov or call 800-MEDICARE (800-633-4227, TTY 877-486-2048).

Medicare Supplement Insurance ratings methodology

NerdWallet’s Medicare Supplement Insurance (Medigap) ratings are based on pricing, discounts, plan types offered, complaint data from the National Association of Insurance Commissioners, consumer experience, additional perks and benefits, and more. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best coverage and rate for you.

To calculate each health insurance company's rating, we adjusted the scores to a curved 5-point scale, rounded to the nearest half star. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines and full ratings methodology for Medicare Supplement Insurance.

Insurer complaints methodology

We examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, we calculated a similar index for each insurance company, weighted by market shares of each subsidiary. We score companies based on this index of how many complaints the company receives relative to its market share. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC.

Still deciding on the right carrier? Compare Medigap plans

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