CoverageCoach
Is This Your Business?Author: Kaitlyn Short
CoverageCoach is an insurance agency that connects clients to Medicare and life insurance policies from reputable insurers.
The agency stands out from other companies by taking a comprehensive approach to Medicare and ensuring that clients understand the differences between federal programs and those managed by private insurers.
CoverageCoach is a great company to work with when purchasing Medicare because you can work with licensed agents, get help making an informed decision, and receive these services without charge. CoverageCoach's insurance partners pay it for the policies it sells.
Read on to learn more about why CoverageCoach is a good choice when buying Medicare.
Top Ranked Companies
The Good
- Transparency
- Assistance from Licensed Agents
- Policies from Multiple Insurers
- Educational Resources
- Life Insurance Available
Transparency
CoverageCoach is dedicated to offering transparent and unbiased resources to seniors. Its goal is to help you make informed decisions about Medicare and life insurance. It does not charge for its services because the insurance companies pay CoverageCoach for the policies it sells. CoverageCoach is straightforward with potential clients regarding how it makes money.
CoverageCoach also makes its process clear from the beginning. First, you explore your coverage options. Then, you complete a questionnaire and compare specific options. You'll also speak with an expert who will help you evaluate policies.
Its privacy policy, terms of use, and information on California privacy rights are available online. CoverageCoach only uses the information you provide to connect with top-rated insurers.
Even before you start working with CoverageCoach, you can tell that the company does an excellent job being transparent.
Assistance from Licensed Insurance Experts
When you work with CoverageCoach, you'll receive personalized recommendations from licensed agents and receive assistance deciding whether to enroll in a Medicare Advantage Plan or Original Medicare and Medigap.
These personalized recommendations combined with CoverageCoach's transparency and unbiased approach, will help you evaluate your options and be confident in your decision.
Policies from Multiple Insurers
Through CoverageCoach, you can access and compare over 20 insurance products from several insurance companies. CoverageCoach's partnership with multiple insurers makes it easy for you to compare policies and find the best coverage option and price for what you need.
Educational Resources
CoverageCoach also offers helpful educational resources on its site. You can quickly see the differences between choosing a Medicare Advantage Plan and Original Medicare with a Medicare Supplemental Insurance (Medigap) policy.
Medicare Advantage Plans offer hospital and medical insurance under one policy. They usually include prescription drug coverage. They also have set provider networks that vary by plan.
Original Medicare is Part A and Part B. Part A is hospital insurance. Part B is medical insurance. For additional coverage, you may want to purchase a Medicare Supplemental Insurance policy, called Medigap. You can also purchase a Prescription Drug Plan (PDP) with Original Medicare.
These optional coverage plans help you control out-of-pocket costs for medical bills and prescriptions.
Original Medicare does not have varying networks like Medicare Advantage Plans do. With Original Medicare, you can see any doctor in the United States who accepts Medicare.
CoverageCoach's site has FAQs for Medicare Supplemental Insurance and Medicare Advantage Plans. These pages give helpful information and answer common questions about these policies.
CoverageCoach also runs a blog that provides further information on Medicare and other issues older adults encounter.
What makes CoverageCoach stand out from other Medicare companies is its combination of information on federal programs and private Medicare plans. It's more common to see companies focus on private Medicare options rather than the Original Medicare federal program.
Life Insurance Available
In addition to Medicare, you can also buy life insurance through CoverageCoach. CoverageCoach sells term, whole, and final expense life insurance.
A term life insurance policy is the cheapest type of life coverage. It only offers coverage for a set period of time.
Whole life insurance and final expense insurance offer permanent coverage, as long as you make your premium payments. Whole life policies grow cash value at a guaranteed rate that you can access while living.
Final expense insurance is designed to cover funeral costs. These policies offer smaller amounts of coverage, which makes them more affordable.
If you're interested in life insurance as well, CoverageCoach is a one-stop-shop for your life and Medicare insurance coverage needs.
The Bad
- Contact Information Required Before Quotes
- Insufficient Customer Insight
Contact Information Required Before Quotes
CoverageCoach requires contact information before you can view quotes on Medicare plans or speak with an agent. This requirement can result in sales calls. If you're still in the research phase, you may want to use another site.
Insufficient Customer Insight
CoverageCoach has received limited reviews on Best Company, which makes a recommendation based on the customer experience difficult. However, CoverageCoach has helpful services and a transparent process.
The Bottom Line
While it's inconvenient that CoverageCoach requires contact information before you can learn more about policies, CoverageCoach is worth considering further for its transparency, commitment to helping clients make informed decisions, and the ability to compare insurance costs and policies from multiple insurers. This reach allows you to find the best policy fit regardless of insurance company.
You can work with CoverageCoach's licensed insurance agents to understand the differences between Original Medicare and Medicare Advantage Plans and evaluate policy options. With this information, you can make an informed decision to ensure that you have the coverage you need.
If you're still in the research and learning more about pricing phase, you may want to use a site that doesn't require contact information before showing quotes. Otherwise, CoverageCoach is a great agency to consider when purchasing Medicare.
