8 Best Retirement Health Insurance Options for Seniors

Cigna

Cigna’s Medicare Advantage plans have the lowest average premium of all major providers. For this upcoming year, their average premium across Medicare Advantage plans will be $5.23 per month.

All in all, their plans have fairly decent Medicare star ratings but were ranked poorly for customer satisfaction by JD Power, eighth out of nine providers, and poorly by the NCQA. Very few of its MA plans supply additional drug coverage in the Medicare coverage gap.

But this retirement health insurance option’s Medicare Part D plans have a couple of advantages, including $0 premiums, low out-of-pocket maximums, and $0 deductibles on a few of their plans.

Cigna also has extensive possibilities for managing your policy and contacting customer service. This company is also worth looking into if you’re looking for a low-cost plan and aren’t too picky about customer service.

Let’s look at some pros and cons of this retirement health insurance option:

Pros
-Average Medicare Advantage premiums are the lowest out of all the major providers
-Live web chat
-$0 deductibles and $0 copays for many generics on Part D plans
-Medicare Advantage, Part D, and Medigap plans are available

Cons
-Most Medicare Advantage plans don’t offer additional coverage in the gap
-Poor rankings for customer satisfaction
-Many plans have low NCQA star ratings