Bankers Fidelity Medicare Supplement Plans

Doctor discussing Bankers Fidelity Medicare supplement plans with patients
By Lou Spatafore – Updated January 9, 2026
Reviewed by Misty Berryman – Fact checked by Mike Montes

All You Need to Know About Bankers Fidelity

Bankers Fidelity Medicare supplement plans are built for people who want help covering the costs Original Medicare leaves behind without being boxed into a provider network.

Bankers Fidelity Life Insurance Company has been working with seniors since 1955 and is based in Atlanta, Georgia. 

Over the years, the company has stayed focused on Medicare supplement insurance, offering plans that work alongside Medicare Part A and Part B rather than replacing them.

As part of Atlantic American Corporation, Bankers Fidelity offers standardized Medicare supplement policies that let members see any doctor who accepts Medicare, anywhere in the country. 

These plans don’t disappear on you later. Coverage is guaranteed renewable and built for people who want something steady, clear, and easy to keep as the years go by.

Bankers Fidelity Medicare Supplement Plans Features & Benefits

People usually look at Medicare supplement plans because they’re tired of guessing what they’ll owe after Medicare pays its part.

Use Any Doctor That Accepts Medicare

There’s no network here.

If a doctor or hospital takes Medicare, you can go there. That’s it. You don’t have to check lists or switch providers just to keep your coverage working.

Coverage Starts on the Effective Date

There’s no waiting period built into the policy.

Once the coverage starts, it can help with Medicare-approved services right away.

Standard Medicare Supplement Coverage

Bankers Fidelity offers the same standardized plan types you’ll see with other Medicare supplement companies.

That means Plan G is Plan G, Plan N is Plan N, and so on. The medical benefits don’t change from one carrier to another, even though prices and service can.

How Claims Are Paid

In many cases, claims are handled directly between Medicare, the provider, and the insurance company.

Payments can go to the doctor or hospital, or sometimes to you. It depends on how the claim is set up, but it’s meant to reduce extra steps.

Coverage You Can Keep

These policies are guaranteed renewable.

As long as you pay the premium, the plan stays active. Your health later on doesn’t change that.

Time to Change Your Mind

Every policy comes with a 30-day free look period.

If you review the policy and decide it’s not what you expected, you can return it within that window and get your money back, based on the policy terms.

Bankers Fidelity Membership Options

Bankers Fidelity offers several Medicare supplement plans. Each one helps with different costs that Medicare doesn’t fully pay.

Medicare always pays first. The supplement comes in after that. What changes from plan to plan is how much of the leftover bill gets picked up.

Some plans cover more. Some cost less each month. There’s no single “best” option. It depends on how you use care and what you want to budget for.

Benefit A B C D F High F G High G K N
Part A deductible YES YES YES YES YES YES YES YES YES YES
Part B deductible NO YES YES YES YES YES YES YES 50% YES
Part B coinsurance NO NO YES NO YES YES NO NO NO NO
Part B excess charges NO YES YES YES YES YES YES YES 50% Copays
Skilled nursing care NO NO NO NO YES YES YES YES NO NO
Preventive care NO YES YES YES YES YES YES YES YES YES
Hospice care YES YES YES YES YES YES YES YES YES YES
Foreign travel emergency NO NO YES YES YES YES YES YES NO YES

Things to Know Before You Choose

You’ll need Medicare Part A and Part B before you can apply.

Some Bankers Fidelity Medicare supplement plans aren’t open to everyone. Plans C, F, and High Deductible F are only available to people who were eligible for Medicare before January 1, 2020 

High Deductible Plans F and G work differently. You pay out of pocket up to the plan’s deductible first. After that, the plan pays covered costs for the rest of the year.

Plan K doesn’t pay everything right away. It covers part of certain costs until you hit the yearly out-of-pocket limit, then it pays in full.

Plan N covers most Part B coinsurance. Office visits and some ER visits can still come with small copays if you’re not admitted.

Which Bankers Fidelity Medicare supplement plans are offered can also change depending on the state you live in.

How to Enroll in a Bankers Fidelity Medicare Supplement Plan

Getting started with a Bankers Fidelity Medicare supplement plan only requires a few steps, followed in a set order.

Knowing the steps ahead of time makes the process easier to move through.

  • Start with your state. Plans and plan letters vary by state, so this narrows things down right away.
  • Ask for a quote. You’ll type in a few basics, your age, your ZIP code, and your Medicare info. 
  • Review the plans listed. This is where you compare coverage levels and monthly costs.
  • Select a plan. Once you’ve chosen, move forward with the application for that plan.
  • Complete the enrollment forms. Health questions may apply, depending on timing and location.
  • Set your effective date. Coverage begins on the date you choose after approval.
If you want help at any point, a licensed Medigap Advisor can review the options with you and handle the steps alongside you.

Bankers Fidelity Medicare Supplement Plans Pros and Cons

When you look at Bankers Fidelity Medicare supplement plans, it helps to be clear about what they do well and what they don’t try to be.

Pros

  • You’re not locked into a network. If a doctor or hospital accepts Medicare, you can use your plan there. You don’t have to switch providers just to keep coverage working.
  • The benefits don’t change from year to year. Each plan letter follows the same rules everywhere, so what’s covered under a Plan G or Plan N stays the same even if prices change.
  • Coverage stays in place as you get older. Once you’re enrolled, the policy can’t be canceled because of health changes. Paying the premium keeps it active.
  • The plans are built to handle Medicare gaps. Things like deductibles and coinsurance are where many people feel the strain with Medicare. These plans are meant to help with those costs.
  • There are different levels to choose from. Some plans cover more of the bill, others leave you with more responsibility in exchange for lower monthly costs.

Cons

  • Medications aren’t part of the plan. You’ll still need a separate Part D plan for prescriptions.
  • Monthly costs can be higher. Medicare supplement plans usually cost more each month than Medicare Advantage, especially when they cover more of the bill.
  • Options depend on where you live. Not every plan letter is sold in every state, so choices can be limited.
  • Premiums can go up. Even though coverage can’t be canceled, rates may increase over time.
  • There are no extras built in. Dental, vision, hearing, and similar benefits aren’t included with Medicare supplement coverage.

We’ve helped people find health insurance or a health sharing plan.

Each customer gets the same amazing service.

Robert N. (CO)

“I look forward to having MediGap Advisors help me sail the uncharted waters I will be experiencing during the next year or so with regard to Medicare coverage.

I especially would like to thank Misty for her help the last several years. She deserves many accolades, in my book.”

Janice B. (VA)

Mike always answers all my concerns thoroughly.  That’s why I stay with him for all of our Medicare needs.

Bankers Fidelity FAQ’s

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Is Bankers Fidelity the same as Medicare?

No. Bankers Fidelity doesn’t replace Medicare. These plans sit next to Original Medicare and help with some of the costs Medicare leaves behind.

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Do I need referrals to see specialists?

No. Referrals aren’t part of how Medicare supplement plans work. If a specialist takes Medicare, you can call and book an appointment yourself.

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Will the policy be canceled if my health changes?

No. Changes in your health don’t cancel the policy. Keep the premium paid and the coverage keeps going.

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Do these Bankers Fidelity Medicare Supplement plans include prescription drug coverage?

No. Prescription drugs aren’t part of Medicare supplement coverage. A separate Part D plan is still needed for medications.

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When can I enroll in a Bankers Fidelity Medicare supplement plan?

Most people enroll when they first qualify for Medicare. Outside that period, approval can involve health questions and may differ depending on state rules.

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What happens if I move to another state?

Your coverage still works anywhere Medicare is accepted. If you apply for a new policy later on, plan choices and prices can change.

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Can I see any doctor with a Bankers Fidelity plan?

Yes. If a doctor or hospital accepts Medicare, you can use your plan there. There are no networks to stay inside.

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Are pre-existing conditions covered?

Once your policy is active, Medicare-approved care follows the plan’s benefits. The timing of your enrollment can affect how that coverage applies.

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Do I need to file claims myself?

Usually not. Medicare processes the claim first, and the supplement plan pays its part without you needing to step in.