Medico Insurance Company, now operating under the Wellabe brand, is a Medicare Supplement carrier known for competitive pricing and a solid financial strength rating.
Here's what to know about its plans, rates, and where it fits if you're comparing Medigap carriers in your area.
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Wellabe (Medico) Medicare Supplement: At a Glance
Underwriting companyMedico Insurance Company and other Wellabe, Inc. subsidiaries (varies by state)
Plans offeredA, F, G, N, plus High-Deductible F and G in some states
AM Best ratingA (Excellent), stable outlook — affirmed June 30, 2026
BBB ratingA (business rating, not a satisfaction score)
Household discountOffered in some states; percentage and rules vary
State availabilityMultiple states, mainly Midwest and South; check your ZIP code
ExtrasSeparate dental, vision, and hearing plans available
Our Take
We'd put Wellabe, the brand now used by Medico Insurance Company, on your shortlist when its Medicare Supplement Insurance rates are competitive in your ZIP code.
We see its strengths as a solid A (Excellent) AM Best financial strength rating and standardized Medigap benefits like any other carrier.
The main limitation we see is that plans, discounts, and even the specific underwriting company can vary by state — so we can't give a national "Medico is great" verdict.
We wouldn't recommend choosing Wellabe, or any Medigap carrier, on brand name alone.
Because a Plan G from Wellabe provides the same standardized core benefits as a Plan G from any other company, we think the real comparison is premium, rate history, discounts, and financial strength — not coverage.
Is Medico Now Wellabe?
Medico Insurance Company still exists as an insurance company, but it operates under the Wellabe brand.
That's why you may see "Wellabe" in marketing materials while "Medico Insurance Company" or another Wellabe subsidiary appears as the underwriting company on your actual policy.
We'd recommend checking your policy documents to see which Wellabe subsidiary is actually issuing your coverage, since it can vary by state.
Important: Medigap Benefits Are Standardized
We want to be clear that Wellabe's Plan G does not offer richer medical coverage than another company's Plan G.
Federal law standardizes the core benefits for each lettered Medigap plan, so a Plan G is a Plan G no matter who sells it — with the exception of Massachusetts, Minnesota, and Wisconsin, which standardize Medigap plans differently.
What actually differs between carriers is premium, future rate increases, discounts, underwriting rules, financial strength, and day-to-day service — not the core medical coverage itself.
Carriers can also offer ancillary or value-added perks that fall outside the standardized benefits, which is a legitimate place for one company to distinguish itself from another.
Which Medicare Supplement Plans Does Wellabe (Medico) Offer?
Medico offers a streamlined lineup rather than the full range of standardized Medigap plans.
Nearly all Medicare-approved cost-sharing except the Part B deductible
Comprehensive coverage, the most popular choice for new enrollees
Plan N
Similar to Plan G, but with a copay of up to $20 for certain office visits and $50 for certain ER visits that don't result in an inpatient admission, plus no Part B excess-charge coverage
Lower premium in exchange for modest cost-sharing
Plan A
Core Medicare benefits only — the most basic standardized plan
Budget-focused buyers comfortable with more out-of-pocket exposure
Plan F / High-Deductible F
Covers the Part B deductible too — the most complete plan
Only available if you became Medicare-eligible before Jan. 1, 2020
Plan G
CoversNearly all Medicare-approved cost-sharing except the Part B deductible
Best forComprehensive coverage, the most popular choice for new enrollees
Plan N
CoversSimilar to Plan G, but with a copay of up to $20 for certain office visits and $50 for certain ER visits that don't result in an inpatient admission, plus no Part B excess-charge coverage
Best forLower premium in exchange for modest cost-sharing
Plan A
CoversCore Medicare benefits only — the most basic standardized plan
Best forBudget-focused buyers comfortable with more out-of-pocket exposure
Plan F
CoversCovers the Part B deductible too — the most complete plan
Best forOnly available if you became Medicare-eligible before Jan. 1, 2020
Wellabe also offers High-Deductible Plan G and High-Deductible Plan F in some states, which pair each Plan's coverage with a lower premium and a higher annual deductible.
Plan availability varies by state, so we'd recommend confirming which plans Wellabe actually sells in your ZIP code before comparing rates.
Medico Rate Example: Chicago, Illinois
Here's one real-world snapshot we pulled, not a claim about national pricing.
How we compared rates: These premiums were collected for a 65-year-old non-smoking female in ZIP code 60625, with no household discount applied.
We compared the same Medigap plan letter across carriers so the standardized medical benefits being priced were equivalent.
Rates are illustrative and can change.
Illustrative Monthly Premiums — ZIP 60625, 65F, Non-Smoker
Plan
Medico
Aflac
BCBS IL
Cigna
Plan G
$191
$209
$194
$170
Plan N
$133
$143
$132
$112
Plan A
$183
$249
$154
$191
Plan G
Wellabe (Medico)$191/mo
Aflac209
BCBS IL$194
Cigna HealthSpring$170
Plan N
Wellabe (Medico)$133/mo
Aflac$143
BCBS IL$132
Cigna HealthSpring$112
Plan A
Wellabe (Medico)$183/mo
Aflac$249
BCBS IL$154
Cigna HealthSpring$191
Illustrative example only. Rates vary by age, sex, tobacco use, ZIP code, household discounts, and underwriting class — confirm current premiums before enrolling.
In the Illinois example we reviewed, we found Medico competitively priced on Plan G, and close to the middle of the pack on Plan N and A.
That doesn't mean Medico will be the cheapest option everywhere — Medigap pricing shifts significantly by location, so we'd always recommend comparing quotes for your own ZIP code before deciding.
Competitively priced in the Illinois example we reviewed
Solid A (Excellent) AM Best financial strength rating
Guaranteed renewable coverage as long as premiums are paid
Household discount available in some states
Cons
Available in a more limited set of states than some national carriers
No Medicare Advantage or standalone Part D drug plans — you'll need those elsewhere
Online customer reviews are mixed
Household and Premium Discounts
Wellabe offers a household discount on Medicare Supplement policies in some states.
The percentage and qualification rules vary by location — some states require both people to also hold a Wellabe policy, while others simply require sharing a residence.
Because discount rules change by state and can change over time, we'd recommend getting a quote with the discount already applied rather than assuming a specific percentage will apply to you.
We'd suggest asking your agent whether paying by bank draft affects your total cost — this can vary by state and isn't something we'd state as a guaranteed savings.
Financial Strength and Reputation
Medico Insurance Company is one of six insurance subsidiaries under Wellabe, Inc.
AM Best most recently affirmed an A (Excellent) Financial Strength Rating with a stable outlook for Wellabe's six insurance subsidiaries on June 30, 2026, continuing a run of consecutive affirmations at that rating.
We'd point out that an AM Best rating reflects the insurer's financial strength and ability to meet its ongoing obligations — it isn't a rating of customer service, and it isn't a guarantee about how quickly an individual claim will be processed.
Medico also holds an A rating from the Better Business Bureau, which reflects the BBB's evaluation of how the business responds to and handles complaints — it isn't a customer satisfaction score.
We found online reviews of Medico to be mixed.
We'd treat individual reviews as anecdotal rather than a definitive measure of what your own experience will be — check the review platform and date directly if reputation is a deciding factor for you.
Does Wellabe (Medico) Offer Dental, Vision, and Hearing Plans?
Yes — Wellabe sells separate standalone dental, vision, and hearing (DVH) plans alongside its Medicare Supplement policies.
Availability and specific benefits vary by state and product.
We'd recommend asking your agent for the current plan brochure if you're comparing DVH coverage alongside a Medigap policy.
Where Are Wellabe (Medico) Medigap Plans Available?
Wellabe sells Medicare Supplement plans in multiple states, concentrated in the Midwest and South, though its footprint has expanded over time.
Because availability, plan selection, and the specific underwriting subsidiary can all vary by state — and even by ZIP code — we'd recommend checking current availability directly rather than relying on a state list that can go stale.
We think your Medigap Open Enrollment Period is generally the most favorable time to apply, because insurers can't use medical underwriting to deny you a Medigap policy or charge you more because of your health during that window.
This period is the six months that start the month you're both 65 or older and enrolled in Medicare Part B.
During this window, Medico must accept your application regardless of health history.
Outside that period, you may face medical underwriting, and chronic conditions or recent hospitalizations can lead to a denial or a higher premium.
If you're switching from another Medigap policy to a Wellabe plan, you get a 30-day free-look period after the new policy starts to decide whether to keep it.
Be aware that if you decide to keep your old policy during that window, you'll be paying both premiums.
Who Should Consider Wellabe (Medico)?
Its quote comes back competitive for your ZIP code and plan letter
You live in one of the states where Wellabe actively sells Medigap plans
You prefer a company that also offers separate dental, vision, and hearing coverage
Who Should Probably Compare Other Carriers
You live outside Wellabe's current states of operation
You need a Medicare Advantage plan
You want your Medicare Supplement plan and Part D plan with the same company
You haven't yet compared quotes from at least two or three other carriers in your area
Which specific Wellabe subsidiary would underwrite my policy in my state?
What household or payment discounts am I eligible for, and how much do they actually save?
How has this policy's premium changed over the past few years?
Am I applying during my Open Enrollment Period, or will I face medical underwriting?
Bottom Line
We think Wellabe (Medico) is a legitimate Medigap carrier worth comparing when its premium is competitive in your area.
We wouldn't choose it — or rule it out — based on the company name alone.
Since standardized Medigap benefits are largely the same within each plan letter, we'd compare Wellabe's current premium, discounts, rate history, financial strength, and underwriting requirements against other carriers available in your ZIP code.
Do I need a medical exam to enroll in a Wellabe (Medico) Medigap plan?
No medical exam is required for any Medigap plan. During your Medigap Open Enrollment Period, Wellabe must accept your application regardless of your health history. Outside that window, you may be asked health questions as part of medical underwriting, and coverage or pricing can depend on the answers.
Will my Wellabe (Medico) premium go up over time?
Most Medigap premiums, including Wellabe's, can increase over time due to rate increases the insurer files with your state. These increases typically apply to everyone in your rating class, not just to you individually because you filed a claim. Ask your agent for the policy's rate-increase history before enrolling so you know what to expect.
Can I keep my Wellabe (Medico) Medigap plan if I move to another state?
Generally, yes — a Medigap policy stays in effect as long as you keep paying the premium, even if you move to a state where that carrier isn't actively selling new policies. That said, your premium, available discounts, and subsidiary servicing company can change depending on where you live, so confirm the details directly with Wellabe if you're planning a move.
Do I need to file claims myself with Wellabe (Medico)?
Usually not. Medigap plans are designed to coordinate automatically with Medicare — after Medicare pays its share, the claim is typically forwarded to Wellabe, which pays its portion without any extra paperwork on your part.
Does Wellabe (Medico) offer Medicare Advantage or Part D drug plans?
No. Wellabe sells Medicare Supplement (Medigap) plans, along with separate dental, vision, and hearing products. If you want a Medicare Advantage plan or a standalone Part D prescription drug plan, you'll need to get that coverage from a different carrier.
For over 15 years, Matt Kiggins has been the senior editor at Simple Advisor, giving detailed advice on Medicare, life insurance, and dental coverage to thousands of clients in more than forty states. His demonstrated expertise in assisting people with their health plan selection is remarkable — it’s evident that he stands out among competitors as the go-to source for knowledge and support.
Matt holds a resident 2–15 Florida Health & Life (Including Annuities & Variable Contracts) Agent License in Florida, his state license number is P116762 (Issued 10/1/2007).
