New era life insurance medicare supplement claims address

Philadelphia American Medicare Supplement plans are a popular option for many of our clients. Philadelphia American is a subsidiary of the larger New Era Life Insurance Company. New Era specializes in health insurance and also offers Medicare Supplement insurance. Their offices are located in Houston, Texas. They offer Medicare Supplement insurance all over the United States. As one of the New Era family companies, Philadelphia American prides itself in being one of the leading providers of Medicare Supplement insurance. They promise quick policy issues and excellent customer service.

You are eligible to enroll in Philadelphia American Medicare Supplement plans when you are at least 65 years old. You must currently have or be pending enrollment in basic Medicare Part A and B.

We know that choosing a plan and applying for coverage can be confusing. We’re here to help you through this process, whichever stage you’re at. At GoMedigap, we represent many insurance companies, including Philadelphia American, so that you can choose the carrier that you feel most comfortable with. One of our Medicare experts will guide you through the steps you need to take, and answer any questions that you may have along the way. If you’d like to see how we can help you, give us a call at (877)896-4612.

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Pros Explained 

• No-med-exam policies available: You can get final expense insurance through New Era without taking a medical exam. Your acceptance is based on a few health questions, including your age and tobacco use.
• Few customer complaints: New Era has very little complaints from customers. This indicates that most policyholders are satisfied with New Era’s customer experience and claim handling.

Cons Explained

• Only one policy offered: The only type of life insurance you can purchase from New Era is final expense insurance. The company does not sell any term or permanent life insurance products.
• Very low coverage limits: Final expense life insurance policies usually have low coverage limits. The maximum amount of final expense coverage you can get from New Era is $25,000.
• No online quotes or application: You can’t get a quote or apply for coverage on New Era’s website. You’ll have to work with an agent to purchase a policy.
• No riders: New Era does not appear to offer any life insurance riders, so it’s not a good option if you want to add endorsements to your policy for more tailored protection.

Complaint Index

New Era had very few customer complaints for life insurance over the past three years, according to the National Association of Insurance Commissioners (NAIC). Examples of complaints include poor claim handling, unsatisfactory claim payouts, and refusal to insure.

The NAIC calculates a complaint index annually that measures the number of complaints an insurer receives relative to its size. Insurers with a number of complaints expected for their size have an index of 1.00. Insurers with fewer complaints than expected have an index below 1.00 and insurers with more complaints than expected have an index above 1.00. 

New Era’s complaint index for 2022 was 0.22. This means New Era has far fewer complaints than expected for its size. For comparison, most of the best life insurance company we reviewed also have indexes below 1.00.

Third-Party Ratings

In terms of financial strength, New Era is not one of the best life insurance companies on the market. It has a A- (Excellent) rating from AM Best, which is one of the lowest scores out of the 89 life insurance providers we reviewed with an AM Best rating. This rating indicates that New Era has a good ability to meet contractual agreements and pay claims, but it’s far from superior.

AM Best rates companies on a scale of A++ to D-. For comparison, most of the life insurance companies we reviewed have a minimum score of A, and almost all our best life insurance company picks have an A+ (Superior) rating or better.

Policies Available 

New Era Life Insurance only sells final expense insurance. These are a type of permanent policy commonly used to cover end-of-life expenses, like a funeral or medical bills, that is generally only available to older applicants. New Era’s final expense insurance does not require a medical exam but does require you to answer a handful of medical questions. The drawback is that the premiums tend to be very expensive, relative to fully-underwritten policies, and coverage amounts are low.

Depending on where you live, New Era’s final expense insurance policies may be underwritten by Philadelphia American Life Insurance, one of the providers in the New Era family of companies.

Available Riders

Life insurance riders are optional endorsements that can amend your life insurance policy and fill gaps in your coverage. New Era Life Insurance doesn’t offer any riders that you can add to a final expense insurance policy, or it doesn’t make such riders available on its website. 

Customer Service

To reach New Era Life Insurance, there are several phone numbers you can call.

If you’re an existing customer and your policy ends in “66,” you can call (888) 748-3040 for support. For all other policy numbers and inquiries, you can call (800) 552-7879. If you prefer to get in touch via email, you can send a message to . 

New Era customers can access basic policy management features through the online customer portal, including updating beneficiaries and making payments.

Our Methodology: How We Review Life Insurance Carriers

We designed a comprehensive ranking methodology based on consumer priorities and life insurance company fundamentals to rank more than 90 insurers across five general categories: financial stability, customer satisfaction, product and feature variety, the overall buying experience, and cost.

In order to do this, we collected over 5,000 data points and scored each company based on 55 metrics. We grouped metrics by category to see how insurers performed in each; we then weighted category scores to determine how companies performed overall.

To learn more, read our full Life Insurance Methodology.