Transamerica
Is This Your Business?5.0
Transamerica began in 1904 as a bank. Over the years it has grown to offer retirement planning, mutual funds, annuities, insurance, employee benefits, and exchange traded funds.
Transamerica offers Medicare supplemental insurance and supplemental health benefits that employers can provide to their employees.
Top Ranked Companies
The Good
- Medicare Supplemental Insurance
- Employee Benefits
Medicare Supplemental Insurance
Transamerica only offers Medicare supplemental insurance to consumers. This insurance not only helps cover out-of-pocket medical expenses, but can also defray the cost of health care even more than Medicare policies do by providing additional money to help pay out-of-pocket expenses.
Employee Benefits
Transamerica offers the following additional types of insurance that employers can offer their employees:
- Accident insurance
- Cancer insurance
- Critical illness insurance
- Dental insurance
- Out-of-pocket medical expense (GAP) insurance
- Hospital Indemnity Insurance
- Short-term disability income insurance
- Vision insurance
These additional benefits can augment an employer’s standard health insurance offerings.
The Bad
- Limited Online Information
Limited Online Information
While Transamerica’s website offers a good overview of employee benefits it sponsors, there could be more specific information about cost.
Transamerica’s website also does not have specific information about its Medicare supplemental plans available online for every state. Interested consumers should contact Transamerica directly for more details.
The Bottom Line
Transamerica has received high financial ratings from A.M. Best, Moody’s, Standard and Poor’s, and Fitch. These ratings indicate that Transamerica is financial strong and able to meet its claims obligations.
Transamerica offers a nice range of additional employee benefits through employers. Employers looking to augment their employee benefit options should consider what Transamerica has to offer.
Consumers interested in Medicare supplemental insurance should reach out to Transamerica directly for more information regarding policy offerings, terms, and costs.
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John Donnelly
5 years ago
