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Bankers Fidelity Medicare Supplement Review 2026: Rates, Rate History & State Report Cards

By Anthony Orner, Licensed Medicare Insurance Broker · Data as of 2026-07-15

As of 2026-07-15, the Bankers Fidelity carrier family files the cheapest Plan G premium in North Carolina and Texas, the #1–2 cheapest in New Jersey depending on age, and ranks 3rd of 32 carriers in Ohio — but sits mid-pack (14th of 28) in Pennsylvania. All issuing companies are AM Best A- (Excellent) rated. The trade-offs: attained-age pricing, a young and fast-growing book of business, and no direct online enrollment — applications go through a licensed broker.

Check Bankers Fidelity Rates in Your ZIP →

Most Bankers Fidelity reviews online recycle the same AM Best rating and a star score. This one is different: below you'll find the carrier's actual filed premium, its price rank against every competing carrier, its full rate-increase history, and its loss ratios in each of the five states where we place these policies — the numbers that actually predict what you'll pay in year five, sourced from CSG Actuarial.

Last reviewed: August 2026 · Rates, filings & loss ratios via CSG Actuarial · AM Best rating via ambest.com (affirmed April 22, 2026)

Why Bankers Fidelity Reviews Are Confusing: Three Sister Companies (and One Unrelated Look-Alike)

When you search for Bankers Fidelity Medicare Supplement reviews, you'll see three different company names — and one impostor. The Bankers Fidelity family is three legally separate insurers under common ownership, and your policy is issued by whichever one is licensed for your state:

  • Bankers Fidelity Life Insurance Company — the flagship, founded in 1955. Writes the majority of the group's Medigap business nationally.
  • Bankers Fidelity Assurance Company (NAIC 71919) — a sister company, 100% reinsured by Bankers Fidelity Life. The quoting issuer in Pennsylvania and New Jersey in our footprint.
  • Atlantic Capital Life Assurance Company (NAIC 17393) — the newest issuer, writing Medicare Supplement since 2023 and frequently the group's price leader. The quoting issuer in Ohio, North Carolina, and Texas — covered in depth in our Atlantic Capital Life Assurance review.

The look-alike: Bankers Life (owned by CNO Financial Group) is a completely unrelated company — no shared ownership, underwriting, or policy forms. If you've been reading Bankers Life reviews to evaluate a Bankers Fidelity quote, none of it applies. All three actual Bankers Fidelity companies share an AM Best A- (Excellent) financial strength rating with a Stable outlook, affirmed April 22, 2026.

Bankers Fidelity Family: Company Facts

Bankers Fidelity Assurance Company

  • NAIC: 71919
  • AM Best: A- (Stable)
  • Medigap members (2025): ~20,900 nationally
  • 2025 national loss ratio: 62% (claims ÷ premiums)
  • States in our review: New Jersey, Pennsylvania

Atlantic Capital Life Assurance Company

  • NAIC: 17393
  • AM Best: A- (Stable)
  • Medigap members (2025): ~28,300 nationally
  • 2025 national loss ratio: 62% (claims ÷ premiums)
  • States in our review: Ohio, North Carolina, Texas
About attained-age pricing: the Bankers Fidelity family uses attained-age pricing in all five states reviewed. Your premium rises each year as you age, separately from any filed rate increase. Over a 15–20 year Medigap tenure this compounds meaningfully versus community-rated or issue-age-rated alternatives — it is the main structural trade-off behind the low entry prices below.

"Isn't Bankers Fidelity Too Small?" — The Question Real Shoppers Ask

Browse any Medicare forum thread about Bankers Fidelity and you'll find the same worry: a small carrier prices low to grow, then hits its members with big increases — or exits the market. It's a legitimate concern, and it deserves a data answer rather than reassurance.

Our position as the broker who places these policies: the pricing below is real and currently the best in several states, the financials are sound, and the honest caveat is that you are buying a newer block whose long-term trajectory is not yet proven. The report cards give you everything on record so you can weigh that yourself.

Bankers Fidelity Medicare Supplement Rate Increases on Record

As of 2026-07-15, all 5 states in this review carry a filed Plan G increase in CSG's records. The largest single filing is Ohio at +12% effective January 2026. Pennsylvania has the longest record: 4 filings since March 2022, about 11% in all. The report cards below list every filing with its date. A 0% entry is a filing that left rates alone.

State-by-State Report Cards

Each card shows the Bankers Fidelity family's current Plan G premium for a 65-year-old female non-tobacco applicant (Preferred tier), its rank against every carrier filing in that state, recent filed rate increases, and the loss-ratio trend (claims paid ÷ premiums collected — a leading indicator of future rate hikes). Data as of 2026-07-15 via CSG Actuarial.

New Jersey (NJ)

Issued by Bankers Fidelity Assurance Company (NAIC 71919)

Plan G @ 65 F
$150.53/mo
Plan N: $114.63/mo (rank 4 of 19). At ages 70/75, Plan G is rank 1 of 18.
Market Spread
$147.88 – $260.98
Median $181.62 · 18 carriers
Price Rank
2 of 18
+1.8% above cheapest Plan G

Filed Rate Increases (New Jersey, Plan G)

Effective DateFiled Increase
2026-02-01+6.9%

Loss Ratio Trend (New Jersey)

YearPolicyholdersLoss Ratio
202486236%
20254,41945%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for New Jersey: The strongest value in this review. Rank 2 of 18 at age 65 — just 1.8% above the cheapest filing — and at ages 70 and 75 it is the single cheapest Plan G filing in New Jersey outright. The February 2026 +6.9% filing is the only increase on record, and loss ratios (36% → 45%) leave plenty of room. Membership grew 5x in a year, so watch the trajectory, but today this is a top NJ Medigap value.

Pennsylvania (PA)

Issued by Bankers Fidelity Assurance Company (NAIC 71919)

Plan G @ 65 F
$195.91/mo
Plan N: $148.31/mo (rank 13 of 28). Preferred-tier rates shown.
Market Spread
$137.68 – $295.51
Median $197.51 · 28 carriers
Price Rank
14 of 28
+42.3% above cheapest Plan G

Filed Rate Increases (Pennsylvania, Plan G)

Effective DateFiled Increase
2022-03-01+3.9%
2023-03-01+3.9%
2024-06-01+2.9%
2025-11-150%

Loss Ratio Trend (Pennsylvania)

YearPolicyholdersLoss Ratio
202317764%
202415973%
202516557%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for Pennsylvania: The honest exception in this review: mid-pack at rank 14 of 28, 42% above Pennsylvania's cheapest Plan G. The rate history is genuinely gentle — about 11% cumulative over five years including a 0% filing in November 2025 — but a stable rate on a mid-pack premium is still a mid-pack premium. In PA, compare carriers first; identical Plan G benefits are available for meaningfully less.

Ohio (OH)

Issued by Atlantic Capital Life Assurance Company (NAIC 17393)

Plan G @ 65 F
$135.52/mo
Plan N: $102.31/mo — the cheapest Plan N filing in Ohio (rank 1 of 31).
Market Spread
$118.17 – $342.84
Median $179.81 · 32 carriers
Price Rank
3 of 32
+14.7% above cheapest Plan G

Filed Rate Increases (Ohio, Plan G)

Effective DateFiled Increase
2026-01-01+12%

Loss Ratio Trend (Ohio)

YearPolicyholdersLoss Ratio
202578248%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for Ohio: Top-3 pricing in a crowded 32-carrier market even after a +12% filing took effect in January 2026 — and Plan N is the cheapest filing in Ohio outright. The size of that first filing is the number to watch: it suggests initial pricing was set aggressively. The 48% loss ratio says premiums still comfortably cover claims. A strong OH option if you go in with eyes open on the rate trajectory.

North Carolina (NC)

Issued by Atlantic Capital Life Assurance Company (NAIC 17393)

Plan G @ 65 F
$101.84/mo
Plan N: $78.54/mo — also the cheapest Plan N filing in NC (rank 1 of 27).
Market Spread
$101.84 – $315.20
Median $156.00 · 29 carriers
Price Rank
1 of 29
The cheapest Plan G filing in the state

Filed Rate Increases (North Carolina, Plan G)

Effective DateFiled Increase
2025-08-01+4.9%

Loss Ratio Trend (North Carolina)

YearPolicyholdersLoss Ratio
202422337%
20251,37157%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for North Carolina: The cheapest Plan G and the cheapest Plan N filing in North Carolina — rank 1 of 29 and 1 of 27 respectively — at roughly 35% below the state median. The single +4.9% filing (August 2025) is modest, and the 57% loss ratio is healthy. For NC shoppers this is the price leader; the standard young-book caveat applies, which is exactly why locking in during a guaranteed-issue window matters.

Texas (TX)

Issued by Atlantic Capital Life Assurance Company (NAIC 17393)

Plan G @ 65 F
$129.92/mo
Plan N: $99.14/mo — the cheapest Plan N filing in TX (rank 1 of 23).
Market Spread
$129.92 – $284.86
Median $194.91 · 24 carriers
Price Rank
1 of 24
The cheapest Plan G filing in the state

Filed Rate Increases (Texas, Plan G)

Effective DateFiled Increase
2025-08-01+4.9%

Loss Ratio Trend (Texas)

YearPolicyholdersLoss Ratio
202487152%
20256,09973%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for Texas: The cheapest Plan G and Plan N filing in Texas — rank 1 of 24 and 1 of 23 — a full 33% below the state median. One modest +4.9% filing on record (August 2025). Membership grew 7x in a year and the loss ratio moved from 52% to a still-healthy 73%, so this is the state where the growth-versus-rate-stability question will be answered first. Today, it is the TX price leader by a clear margin.

Plan G, Plan N, Rating Tiers & the Household Discount

Bankers Fidelity family policies are issued in underwriting tiers — the rates above reflect the Preferred tier, which most applicants who pass underwriting (or apply with a guaranteed-issue right) receive. Standard-tier rates run roughly 15–26% higher, which is worth knowing if you're comparing a quote you received against this page.

Plan G covers everything Original Medicare covers except the annual $283 Part B deductible. Because Medigap letters are federally standardized, a Bankers Fidelity Plan G pays identically to any other carrier's Plan G — premium and rate history are the only real differences. Plan N trades small office/ER copays and Part B excess-charge exposure for a lower premium — and it's where this family is strongest, filing the #1 cheapest Plan N in Ohio, North Carolina, and Texas.

A household discount is available in each of the five states (filed as a multi-insured or household/roommate discount depending on the state; 7% on Atlantic Capital Life policies). When two people in the same household qualify, the discount applies to each policy for as long as both remain in force.

One plan letter we steer clients away from here: Plan F (closed to anyone newly eligible for Medicare after January 1, 2020). The family's Pennsylvania Plan F block shows filed increases of 7–11% in most years — the classic closed-block pattern — while the open Plan G block averaged about 2% per year. If you're holding an old Plan F, that gap is itself a reason to re-shop.

What It Is Actually Like to Place One of These Policies

From our own book, as of September 2026. Turnaround times and service levels move, so this section carries a date.

The underwriting is the strictest we deal with

Their health questions are tighter than most carriers we write. That catches people out. It is also, we think, the reason the rate holds. A carrier that is careful about who it lets on the block has less reason to file a large increase later. Look at the filing history in the state cards above and compare it to the carriers around it. Strict on the way in tends to mean gentle once you are on.

How long approval takes

If you are new to Medicare and applying in your open enrollment window, we typically see a decision in one to two business days. If you are answering health questions, expect two to five. Sometimes they call you for a short phone interview to clear something up. That is routine, not a warning sign, and it is usually a single conversation.

No carrier website will do this for you. There is no consumer portal, so every application goes through a licensed broker.

Service, honestly

Their service team has been among our favorites to deal with. They have also grown quickly, and the hold times show it. That is the honest picture. It is also why we keep servicing the policies we write: most billing and coverage questions we answer ourselves, the same day, without you waiting on a queue.

It costs the same through us

Medigap premiums are filed with your state. The rate is the rate. You do not pay more for going through a broker, and you do not save by going direct, because going direct is not an option here anyway.

And the coverage does not change either. Plan G is Plan G. The letter on the plan is set by federal law, so the only things that separate one Plan G from another are the premium, the filing history behind it, and who picks up the phone when something goes wrong.

Ask Me What Their Underwriting Will Say — 855-559-1700

How to Apply for Bankers Fidelity (There's No Carrier Website Enrollment)

Here's the practical quirk most reviews skip: you cannot buy a Bankers Fidelity family policy on bankersfidelity.com. The carrier doesn't operate a consumer enrollment portal — every application is submitted through a licensed broker. That's the step we handle.

Applying online at healthplans.now takes most people under 15 minutes and routes your application to the correct issuing company for your state — Bankers Fidelity Life, Bankers Fidelity Assurance, or Atlantic Capital Life. You'll need your Medicare card (Part A/B effective dates), your address and date of birth, and a payment method for premium auto-pay. Applying outside a guaranteed-issue window adds a short set of health-history questions.

Timing matters more than carrier choice. During your six-month Medigap Open Enrollment Period (or another guaranteed-issue window, such as leaving employer coverage or your first 12 months on Medicare Advantage), the carrier cannot decline you or charge more for health history — and you can lock a rate by applying up to six months before your Part B start date. Outside those windows, approval goes through medical underwriting.

Once issued, federal law gives you a 30-day free look period: review the actual policy and cancel for a full premium refund if you change your mind. Applying starts the process — it doesn't lock you in. For the full walkthrough — documents, timing, and what happens after you submit — see our step-by-step guide to how to apply for Bankers Fidelity.

Start My Application at healthplans.now →

Compare Bankers Fidelity Against Other Carriers We've Reviewed

The same data-first review format, applied to the other Medigap carriers in our five-state footprint:

Frequently Asked Questions

Decided on the carrier and can't find anyone to write it? Find a Bankers Fidelity agent explains why the carrier's quote form goes cold and who can submit the application.

Questions About Bankers Fidelity? Talk to a Licensed Broker — 855-559-1700

Data sources & methodology. All carrier rates, filed rate increases, and historical loss-ratio data on this page are sourced from the CSG Actuarial API as of 2026-07-15. Loss ratios are computed from CSG's state-level market data (claims ÷ premiums per state per year). Current Plan G and Plan N premiums reflect a Female 65 non-tobacco applicant, Preferred tier, at a flagship ZIP in each state (Philadelphia 19103, Cherry Hill 08002, Cleveland 44101, Charlotte 28202, Houston 77002). Rates in other ZIPs within the same state may differ. AM Best rating via ambest.com, affirmed April 22, 2026.

Disclosure. This page is published by MedicareYourself, a brand of EasyKind Medicare. We are a licensed independent Medicare insurance broker. We do not offer every plan available in your area. We hold appointments with the Bankers Fidelity family companies across our licensed footprint, so where we can place a policy is set by the carrier's own availability. On our current rate board that means Alabama, Arizona, Arkansas, Colorado, Georgia, Indiana, Kansas, Michigan, Mississippi, New Jersey, North Carolina, Ohio, South Carolina, Tennessee, Texas, Virginia and West Virginia. The family does not offer Medicare Supplement in New York or Florida, and files no Plan G in California, Connecticut, Delaware, Montana, Nebraska, New Hampshire, Pennsylvania and Wyoming. We also do not write in the birthday and anniversary-rule states. Any information we provide is limited to the plans we offer in your area. Please contact Medicare.gov or 1-800-MEDICARE (TTY 1-877-486-2048), 24 hours a day, 7 days a week, to get information on all of your options. Plan availability, plan letters, and premiums vary by state and are subject to state Department of Insurance rate filings.

Medicare has neither reviewed nor endorsed this information. 2026 Medicare figures: Part B premium $202.90/month, Part B deductible $283, Part A deductible $1,736.

Compare Medigap plan benefits on the official Medicare.gov Medigap guide and review standardized Medigap plan benefits before choosing a carrier.