Bankers Fidelity Medicare Supplement Review: Plans, Rates & How to Apply
By Anthony Orner, Licensed Medicare Insurance Broker
Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company, and Atlantic Capital Life Assurance Company are three legally separate Medicare Supplement insurance companies under common ownership, sharing a group A- (Excellent) AM Best rating affirmed in April 2026.
If you've received a quote from any of them, this guide explains how they're connected, where each one sells, and how to apply online in under 15 minutes.
Last reviewed: April 2026 · AM Best rating via ambest.com · Carrier footprint via bankersfidelity.com and Atlantic Capital Life Assurance filings
Apply for Your Medigap Plan →Ready to Enroll?
Apply online through healthplans.now — the live application takes most people under 15 minutes, and the site routes your application to the correct Bankers Fidelity family issuer for your state.
Apply at healthplans.nowOr call 855-559-1700Licensed independent broker
The Bankers Fidelity Carrier Family: Three Companies Explained
The confusion is understandable. When you search "Bankers Fidelity Plan G reviews," you may see references to Bankers Fidelity Assurance or Atlantic Capital Life and wonder whether these are competitors, alternatives, or something else. They are neither. They are three related insurance companies under the same ownership, and your Medigap policy will be issued by whichever one is licensed to sell in your state.
- Bankers Fidelity Life Insurance Company — the flagship company, founded in 1955. Writes the majority of the group's Medicare Supplement business nationally.
- Bankers Fidelity Assurance Company — a wholly-owned sister company, 100% reinsured by Bankers Fidelity Life. Used on specific policy forms where state filings require a separate issuing entity.
- Atlantic Capital Life Assurance Company — the newest issuer in the family, launched in 2024, currently writing Medicare Supplement in approximately 14 states. Often the group's competitively-priced issuer in the states where it operates.
All three share the same AM Best A- (Excellent) financial strength rating, affirmed April 22, 2026. They are regulated by the state insurance department in every state where they sell, and their premium rates must be approved through each state's rate-filing process.
Which Bankers Fidelity Company Issues Your Medigap Policy?
It depends on your state. When you apply through healthplans.now, the site routes your application to the correct issuing entity for your address. Here is the general pattern in the five states where we directly place Bankers Fidelity family policies:
Pennsylvania, New Jersey
Your policy is typically issued by Bankers Fidelity Life Insurance Company or Bankers Fidelity Assurance Company.
Ohio, North Carolina, Texas
Your policy is typically issued by Atlantic Capital Life Assurance Company, the group's newer issuer that operates in these states.
If you are not in one of those five states, healthplans.now will confirm whether the Bankers Fidelity family is available for you at the time of application.
Bankers Fidelity vs. Bankers Life — Not the Same Company
A common source of confusion online: Bankers Fidelity (the carrier discussed on this page) and Bankers Life are different, unrelated companies. Bankers Life is owned by CNO Financial Group and sells a different product mix. If you have been reading Bankers Life reviews expecting them to apply to Bankers Fidelity Medigap coverage, they do not. The two companies share no ownership, no underwriting, no policy forms.
Plan Letters the Bankers Fidelity Family Offers
Standardized Medicare Supplement plan letters available across the Bankers Fidelity group typically include:
- Plan G — the most common modern Medigap choice for people newly eligible for Medicare on or after January 1, 2020. Covers everything Medicare covers except the annual Part B deductible ($283).
- High-Deductible Plan G — same benefit structure as Plan G with a lower premium and a federally-set annual deductible
- Plan N — lower premium than Plan G with small copays at the point of care and a Part B excess charge exposure
- Plan A, Plan K — less commonly purchased but available in most filing states
- Plan F — available only to people first eligible for Medicare before January 1, 2020 (federally closed to newer beneficiaries)
Exact plan letter availability varies by state and by issuing entity, so the specific plans you'll see quoted for your situation depend on your ZIP code.
Bankers Fidelity Family Household Discount
Atlantic Capital Life Assurance policies include a 7% household discount for eligible applicants. The Bankers Fidelity Life and Bankers Fidelity Assurance household discount varies by state filing. When two people in the same household both enroll, the discount applies to each policy for as long as both are in force.
Is Now the Right Time to Apply for a Bankers Fidelity Medigap Plan?
Timing is the single biggest factor in what your Medigap application costs and whether it gets approved:
- During your Medigap Open Enrollment Period — a six-month window that begins the first day of the month you are both 65 or older AND enrolled in Medicare Part B — you have a federal guaranteed-issue right. Carriers in the Bankers Fidelity family cannot deny your coverage or charge more based on your health during this window. This is the best time to apply, and it does not repeat.
- Outside your Medigap Open Enrollment Period — most Medigap applications go through medical underwriting. Many applicants are still approved, but your approval and rate are not guaranteed.
- If you have a federal guaranteed-issue trigger — losing employer group coverage, being within the first 12 months of a Medicare Advantage plan and wanting to switch back, or moving out of your plan's service area — federal law gives you another guaranteed-issue window. These windows are time-limited; applying promptly protects the right.
If any of these situations apply to you, apply now. Waiting can shift your application from guaranteed-issue to underwritten, which costs more and is not always approved.
Start My Medigap Application →How to Apply for a Bankers Fidelity Medigap Plan
Bankers Fidelity family policies cannot be purchased directly on bankersfidelity.com — the carrier does not operate a direct online enrollment portal. Applications are submitted through a licensed broker. Applying online at healthplans.now takes most people under 15 minutes. You will need:
- Your Medicare card (for your Medicare number and Part A / Part B effective dates)
- Your current address and date of birth
- A bank account or credit card for premium auto-pay (you can change the payment method any time after your policy is issued)
- If you are applying outside your Medigap Open Enrollment Period, answers to a short set of health-history questions for underwriting
After you submit, your application is routed to the Bankers Fidelity family company licensed in your state — Bankers Fidelity Life, Bankers Fidelity Assurance, or Atlantic Capital Life. Most straightforward applications receive an issuance decision within a few business days. More involved underwriting can take longer.
Once your policy is issued, federal law gives you a 30-day free look period. You can review the full policy after it arrives, and if you change your mind for any reason you may cancel and receive a full refund of any premium paid. Applying is not a permanent commitment — it is simply starting the process of getting covered.
Apply Now at healthplans.now →Frequently Asked Questions
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. Currently we place Bankers Fidelity family Medicare Supplement policies in Pennsylvania, New Jersey, Ohio, North Carolina, and Texas. 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. Medicare figures cited in this article: Part B premium $202.90/month, Part B deductible $283, Part A deductible $1,676 (MF.year 2026).