New Era Life Insurance Company (NAIC 78743) is a Houston, Texas insurer. Per the company's own history and a Texas House resolution marking its anniversary, current ownership bought an existing Texas life-insurance charter in 1989, building on a line the company traces to 1924. It carries an AM Best A- (Excellent) rating and, as of our filed-rate data, sells Plan G and Plan N Medigap in the states on this page, with its strongest price position by far in its home state of Texas.

How much is New Era Life's Plan G?

$168.24 to $243.02 a month for a 65-year-old woman who does not use tobacco, across the 7 states where we place this New Era Life entity (one flagship county each, CSG filed rates as of September 11, 2026). Its best price position anywhere is Texas, 4 of 26 filed carriers — also its home state. Its highest dollar premium is actually Florida at $243.02, which still ranks 9 of 23 because that state's whole board runs pricier.

Is there a network with New Era Life Medigap?

No. Plan G and Plan N are federally standardized Medicare Supplement policies, and neither carries a provider network. Any doctor or hospital that accepts Original Medicare has to accept a New Era Life Plan G or Plan N on the same terms as every other carrier's.

Does the rate go up once I turn 65?

It depends on the state, and New Era Life's footprint splits three ways. In 4 of the 7 states on this page (Texas, Indiana, Ohio and Alabama), it prices Medigap on an attained-age basis, so the premium climbs with your age on top of any rate increase it files. Arkansas is community rated instead, so the price is the same at every age. Florida and Arizona price it issue-age: your premium is set at the age you enroll and doesn't rise with age afterward. Only your own state's filing counts.

Has New Era Life raised its Medicare Supplement rates?

In most of its footprint, yes. 4 of the 7 states on this page took a Plan G increase of 10% or more in both 2025 and 2026 (Arizona, Ohio, Alabama and Arkansas). The steepest genuine 2026 filing is 20%, in Alabama. Texas is the one exception worth explaining rather than just quoting: CSG's record shows a +98.42% filing there in December 2025 followed by a -37.42% filing eight months later — a schedule restatement that largely undid itself, not two real rate shocks to policyholders. Texas's current filed rate, $168.24, is the lowest in New Era's footprint either way.

Is New Era Life's Plan N a better deal than its Plan G?

Its Plan N board position is generally stronger than its Plan G. None of the 7 states on this page price New Era's Plan N as the single most expensive filing on the board — a cleaner record than its Plan G, which never cracks the top 5 outside Texas. Its best Plan N spot is Arkansas, 6 of 23. Georgia goes further: New Era files no Plan G there at all, but its Plan N is 2 of 22 — the carrier's strongest Plan N position anywhere, in the one state where Plan N is the only plan letter it sells. Plan N saves money by leaving you office copays of up to $20, ER copays of up to $50, and any Part B excess charges.

Will New Era Life deny me for a health condition?

Not during your 6-month Medigap Open Enrollment Period around your 65th birthday or Part B start, and not if you qualify for a federal guaranteed-issue right. Outside those windows, New Era Life underwrites a new Medigap application with health questions that can lead to a decline, the same as most Medicare Supplement carriers. Applying during your guaranteed-issue window removes that risk entirely.

Is New Era Life financially stable?

New Era Life Insurance Company carries an AM Best A- (Excellent) financial strength rating, consistent across every state in CSG's filed data for this NAIC. AM Best ratings reflect a carrier's ability to meet its ongoing insurance obligations — verify the current rating directly at ambest.com before using it to compare carriers.

Does New Era Life offer a household discount?

Not in CSG's filed rate data for any of the states on this page. Carriers that do offer one typically file 5% to 12% off for two qualifying people in the same household; New Era's filings here show no such discount on record.

New Era Life Medigap Review: What It Costs and Where It Ranks

Q: Is every 'New Era Life' policy the same company?

No, and this is the detail worth checking on your own paperwork. This review covers New Era Life Insurance Company (NAIC 78743), which issues in Texas, Florida, Arizona, Indiana, Ohio, Alabama and Arkansas and Georgia (Plan N only). A sister company, New Era Life Insurance Company of the Midwest (NAIC 69698), sells under the identical "New Era Life" brand in North Carolina, Mississippi, Pennsylvania and Tennessee — a different filed rate, a different rank, and its own filing history. If your quote or medicare.gov listing is for one of those states, the numbers on this page don't apply to your policy.

By Anthony Orner, Licensed Medicare Insurance Broker · Data as of September 11, 2026

New Era Life (New Era Life Insurance Company, NAIC 78743) is a Houston, Texas insurer that sells Plan G and Plan N Medigap in the 7 other states below. As of September 11, 2026 CSG data, its best price position anywhere on this page is Texas, 4 of 26 filed carriers — its home state, and the only place it cracks the top 5.

Compare New Era Life to Every Carrier at Your ZIP →

Almost nothing independent has been written about New Era Life's Medigap pricing outside Texas. This review is built from filed premiums, price rank against every competing carrier, and rate-increase history — from the licensed broker who can actually place the policy.

Two Companies Named "New Era Life" — Which One Is on Your Quote?

This review covers New Era Life Insurance Company (NAIC 78743), which files Plan G in Texas, Florida, Arizona, Indiana, Ohio, Alabama and Arkansas and Plan N only in Georgia. A sister company under the same Houston ownership, New Era Life Insurance Company of the Midwest (NAIC 69698), sells under the identical "New Era Life" display name in North Carolina, Mississippi, Pennsylvania and Tennessee — its own filed rate, its own rank, its own filing history, none of it on this page.

Check the NAIC, not just the name. A quote, an agent-recruiting flyer, or medicare.gov's Medigap finder may just say "New Era Life" for either company. If your paperwork names the Midwest entity, the rates and rank below don't describe your policy — call with your ZIP and I'll pull the correct board.

New Era Life Rates & Market Rank (Plan G @ 65, Female, Non-Tobacco)

State	Plan G	G rank	Plan N	N rank	Rate basis	Latest filing
Texas	$168.24	4 of 26	$132.03	8 of 24	attained age	-37.42% (August 4, 2026)
Florida	$243.02	9 of 23	$185.42	10 of 22	issue age	+10% (July 1, 2026)
Arizona	$203.37	15 of 29	$139.65	8 of 29	issue age	+18% (June 1, 2026)
Indiana	$170.97	15 of 27	$138.56	15 of 26	attained age	+18% (September 1, 2026)
Ohio	$190.47	21 of 34	$133.17	14 of 33	attained age	0% (August 1, 2026)
Alabama	$212.40	16 of 22	$123.82	10 of 21	attained age	+20% (September 1, 2026)
Arkansas	$234.15	17 of 23	$147.27	6 of 23	community rated	+12% (September 1, 2026)
Georgia	Not filed	—	$110.23	2 of 22	issue age	None on file

Source: CSG Actuarial licensed API as of September 11, 2026. Female 65, non-tobacco, individual rate as filed, quoted through one sample ZIP per rating area in each state's flagship county; rates in other ZIPs may differ. Georgia (highlighted) is the one state where this company files Plan N but no Plan G at all. New Era also files in Oklahoma, left out because it's a birthday-rule state we stay out of. Full detail on the Midwest sister company above is its own review.

Every state's Plan G pays the same federally standardized benefits, so price, rate basis and filing history are what actually separate carriers. New Era Life's cheapest dollar premium and its best rank happen to be the same state — Texas, where home-market pricing and a top-5 position line up. Its highest dollar premium is Florida at $243.02, yet that only ranks 9 of 23 — Florida's whole board simply prices higher, so a bigger number there doesn't mean a worse relative deal. Outside Texas, it leads no board at all and reaches the top 5 nowhere else.

Why a New Era Life Quote Behaves Differently From State to State

CSG's filed rate basis splits New Era Life's footprint three ways. In 4 of the 7 states on this page — Texas, Indiana, Ohio and Alabama — it prices Medigap on an attained-age basis: the premium rises every year or so you get older, on top of whatever percentage the company files for the whole block. Arkansas is community rated instead, so every policyholder pays the same price regardless of the age they bought the policy at. Florida and Arizona price it issue-age: your premium is locked at the age you enrolled and only moves with a filed rate change, never with your birthday.

That split matters more than the headline premium. A 65-year-old in Texas, Indiana, Ohio and Alabama who keeps the policy to 80 pays two kinds of increases every year: New Era's filed percentage, plus the age-based step the rate basis itself builds in. The same filed percentage in Arkansas or an issue-age state costs the policyholder only the filed amount.

Back-to-Back Double-Digit Filings Are the Norm Here

Arizona, Ohio, Alabama and Arkansas filed a Plan G increase of 10% or more in both 2025 and 2026 — 4 of the 7 states where we place this New Era Life entity. The steepest genuine 2026 filing, 20%, landed in Alabama.

A new-business rank only describes what a first-year buyer pays. If you already own a New Era Life policy and your renewal letter just arrived, call and compare it against what a new application would cost today — outside a guaranteed-issue right, switching carriers means new health questions.

Read Texas's filing history carefully. CSG's record shows New Era Life filed +98.42% in Texas in December 2025, then -37.42% in August 2026 — a pair that mostly cancels out. That pattern (a large filing largely reversed within about a year) is what a product re-file or schedule restatement looks like in CSG's data, not two real rate actions a Texas policyholder actually paid. The current filed rate, $168.24, is what matters, and it's the lowest New Era Life premium on this page.

New Era Life Plan N: Its Stronger Showing

Unlike its Plan G, New Era's Plan N never bottoms a board in the 7 states on this page. Its strongest Plan N showing is Arkansas, 6 of 23. Georgia goes further still: New Era files no Plan G there, but its Plan N ranks 2 of 22 — the best Plan N position it holds anywhere, in the one state where Plan N is the only policy it sells.

Plan N costs less than Plan G because you pay up to $20 at some office visits and up to $50 at the ER, plus any Part B excess charges the provider bills. On New Era Life, that trade comes with a noticeably better market position than its Plan G does.

How to Apply for New Era Life Medigap

You can apply through a licensed broker, compare the carriers you can apply with online at apply.medicareyourself.com, which takes about 15 minutes, or call 855-559-1700 and I'll read you the whole board, New Era Life included.

Compare Carriers Online →

New Era Life Medicare Supplement: Common Questions

Comparing more than one unfamiliar name on a quote? GPM Health and Life's review and Old Surety Life's review cover two more carriers people often can't place.

Questions About New Era Life? Talk to a Licensed Broker — 855-559-1700

Data sources & methodology. Plan G and Plan N rates, ranks and filed rate increases on this page are sourced from the CSG Actuarial API as of September 11, 2026, for a Female 65 non-tobacco applicant, one flagship county per state. The 1989 ownership change and the company's 1924 roots are from New Era Life's own company history page and a Texas House resolution marking its anniversary, current as of this page's publish date.

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. 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.