Bankers Fidelity Medicare Supplement Plans 2027: Ratings, Discounts and Review

Reviewed by Russell Noga, Licensed Medicare Insurance Broker (all 50 states) — Last updated October 27, 2026

Bankers Fidelity Medicare Supplement plans are sold by Bankers Fidelity Life Insurance Company of Atlanta, part of Atlantic American Corporation. It offers a 7% to 10% household discount in many states, but its plans are not sold in about 20 states, and its A- AM Best rating was placed under review in June 2026.

Bankers Fidelity has served people on Medicare since 1955. It is a smaller company than the big national names, and it is often one of the lower-priced options in the states where it sells. That makes it worth a look, but there are a few things you should know first.

This guide covers who owns Bankers Fidelity, where it sells, its discounts, its rating and how it compares. Because every plan letter has the same benefits at every company, use our Medicare Supplement plans comparison chart for 2027 to pick your letter first, then compare companies.

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Who Is Bankers Fidelity?

Bankers Fidelity Medicare Supplement company snapshot for 2027 with AM Best rating and household discount

Bankers Fidelity Life Insurance Company is based in Atlanta, Georgia. It is owned by Atlantic American Corporation, a publicly traded holding company also based in Atlanta. Bankers Fidelity sells Medicare Supplement plans along with other senior products such as life insurance, hospital indemnity and cancer coverage.

Your policy may be issued by one of three related companies, depending on the policy form and your state: Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company or Atlantic Capital Life Assurance Company. All three are part of the same group.

Parent company. Atlantic American Corporation, Atlanta, Georgia.

Serving seniors since 1955. Bankers Fidelity has focused on the senior market for about 70 years.

Policy issuers. Bankers Fidelity Life, Bankers Fidelity Assurance and Atlantic Capital Life Assurance.

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Bankers Fidelity AM Best Rating: What Changed in 2026

AM Best rates the Bankers Fidelity Life Insurance Group A- (Excellent). That rating was affirmed in March 2025 and again in April 2026.

Important: In June 2026, AM Best placed the A- rating under review with negative implications. AM Best said Atlantic American had not filed its 2025 annual report or first-quarter 2026 report on time, which limited its view of the company’s finances. A review is not a downgrade, but it is a warning sign worth checking before you apply.

Your Medicare Supplement benefits are also backed by state insurance rules and guaranty associations. Still, if financial strength is your top concern, it is fair to compare Bankers Fidelity with companies that hold higher or more stable ratings. Our Medicare Supplement reviews for 2027 cover several of them.

Bankers Fidelity Plans and Where They Are Sold

Bankers Fidelity’s outline of coverage lists the standard Medicare Supplement plan letters, but which ones you can buy depends on your state. Most shoppers compare Plan G and Plan N. Plan C, Plan F and High-Deductible F are only for people first eligible for Medicare before January 1, 2020.

Detail	Bankers Fidelity
Not sold in	AK, CA, CT, DE, FL, HI, ID, MA, ME, MN, MO, NE, NH, NV, NY, OR, PA, RI, VT, WA, WI
Plan letters	Vary by state; ask for Plan G and Plan N quotes
How rates are set	Attained age, issue age or class basis, depending on the policy and state
Underwriting	Individually underwritten; an application is required
Under age 65	Plans are available to qualified people under 65 with a disability in some states

Source: Bankers Fidelity Medicare Supplement disclosures. Availability can change.

If you live in one of the states above, Bankers Fidelity is not an option for you, so focus on other companies such as Mutual of Omaha or Aetna.

Bankers Fidelity Discounts and Benefits

Bankers Fidelity Medicare Supplement pros and cons for 2027

The biggest money saver at Bankers Fidelity is its household discount. Its own brochure says the discount is 7% to 10%, depending on your state, for qualified applicants.

Household discount. 7% to 10% off, depending on the state, for applicants who qualify.

Any Medicare provider. Use any doctor or hospital in the U.S. that accepts Medicare, with no networks.

Guaranteed renewable. Your coverage can’t be canceled as long as you pay your premium on time.

No waiting period. Bankers Fidelity says coverage begins on the effective date with no pre-existing condition waiting period.

We did not find dental, vision or fitness extras built into Bankers Fidelity Medicare Supplement plans. The company does sell separate hospital indemnity and cancer policies, which some people buy to help with costs that Medicare and a supplement plan don’t cover.

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Bankers Fidelity Pros and Cons

Pro: household discount. A 7% to 10% household discount can add up over many years.

Pro: long track record. The company has served people on Medicare since 1955.

Con: rating under review. Its A- AM Best rating was placed under review with negative implications in June 2026.

Con: limited states. It does not sell Medicare Supplement plans in about 20 states, including Florida and California.

Bankers Fidelity can be a good fit if it is priced well in your ZIP code and you qualify for the household discount. If you want the comfort of a top-rated national brand, compare it against the companies in our list of the most popular Medicare Supplement plans for 2027.

How to Buy a Bankers Fidelity Medicare Supplement Plan

Confirm your state. Make sure you don’t live in a state where Bankers Fidelity does not sell Medicare Supplement plans.

Choose your plan letter. Decide between Plan G, Plan N or another letter based on your budget and how often you see the doctor.

Compare prices side by side. Get Bankers Fidelity quotes next to other top companies for the same plan letter, and ask about the household discount.

Check the latest rating. Ask your agent whether AM Best has finished its review of the Bankers Fidelity rating.

Apply on time. Apply during your six-month Medigap Open Enrollment Period if you can, so health questions can’t be used to turn you down.

Outside of open enrollment, Bankers Fidelity will usually ask health questions, because its plans are individually underwritten. If you already have a Medicare Supplement plan and want to switch, keep your current policy active until the new one is approved and in force. That way you are never left without coverage. Our guide to the Medigap Open Enrollment Period explains when you have guaranteed rights to buy.

Bottom Line

Bankers Fidelity offers standard Medicare Supplement coverage, a 7% to 10% household discount and a long history with seniors. But it is not sold in about 20 states, and its A- rating went under review in June 2026. Compare it with other top companies in your ZIP code before you decide.

View 2027 plans & rates in your ZIP code

Speak with a licensed insurance agent

1-855-409-6195TTY 711

Mon-Fri: 5am-7pm, Sat-Sun: 7am-4pm CT

Bankers Fidelity Medicare Supplement — Frequently Asked Questions

➤ Who owns Bankers Fidelity?

Bankers Fidelity Life Insurance Company is owned by Atlantic American Corporation, a holding company based in Atlanta, Georgia. Some policies are issued by its sister companies, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company.

➤ What is Bankers Fidelity’s AM Best rating?

AM Best rates the Bankers Fidelity Life Insurance Group A- (Excellent). In June 2026, AM Best placed that rating under review with negative implications because the parent company was late filing its financial reports.

➤ Does Bankers Fidelity offer a household discount?

Yes. Its brochure lists a household discount of 7% to 10%, depending on the state, for qualified applicants.

➤ Which states does Bankers Fidelity not sell Medicare Supplement plans in?

Bankers Fidelity says its Medicare Supplement products are not available in AK, CA, CT, DE, FL, HI, ID, MA, ME, MN, MO, NE, NH, NV, NY, OR, PA, RI, VT, WA or WI.

➤ Does Bankers Fidelity sell Plan G?

Plan letters vary by state. Ask for a Plan G and Plan N quote in your ZIP code to see which letters Bankers Fidelity offers where you live.

➤ Do Bankers Fidelity plans include dental or vision?

We did not find dental, vision or fitness benefits included with its Medicare Supplement plans. Medicare Supplement plans generally do not cover routine dental or vision care.

➤ Can I see any doctor with a Bankers Fidelity plan?

Yes. You can see any doctor or hospital in the U.S. that accepts Medicare. There are no networks and no referrals needed.

➤ Is Bankers Fidelity a good Medicare Supplement company?

It can be a good value where it is priced well and you qualify for the household discount. Because its rating is under review, compare it with other highly rated companies before you buy.

New to Medicare?

If you are new to Medicare, then you can enroll in a 2027 Medicare Supplement plan up to six months prior to your Medicare Part B effective date.

Call one of our licensed insurance agents to see what the best time frame is for you to enroll, based on your current situation. You can contact them at 1-855-409-6195.

Medicare Supplement Quotes

Call a Licensed Agent Now

Compare 2027 Plan G, Plan N and more from several insurance companies in one call.

☎ 1-855-409-6195

No obligation to enroll

Speak with a licensed insurance agent

1-855-409-6195

Compare plans in your area

1-855-409-6195 TTY 711

Bankers Fidelity Medicare Supplement Plans 2027: Ratings, Discounts and Review

Compare 2027 Bankers Fidelity Medicare Supplement Rates

Speak with a licensed insurance agent

1-855-409-6195TTY 711

Mon-Fri: 5am-7pm, Sat-Sun: 7am-4pm CT

Who Is Bankers Fidelity?

Bankers Fidelity AM Best Rating: What Changed in 2026

Bankers Fidelity Plans and Where They Are Sold

Bankers Fidelity Discounts and Benefits

Compare plans & benefits in your area

Or speak with a licensed insurance agent

1-855-409-6195TTY 711

Mon-Fri: 5am-7pm, Sat-Sun: 7am-4pm CT

Bankers Fidelity Pros and Cons

How to Buy a Bankers Fidelity Medicare Supplement Plan

Bottom Line

View 2027 plans & rates in your ZIP code

Speak with a licensed insurance agent

1-855-409-6195TTY 711

Mon-Fri: 5am-7pm, Sat-Sun: 7am-4pm CT

Bankers Fidelity Medicare Supplement — Frequently Asked Questions

New to Medicare?

Compare plans & benefits in your area

Or speak with a licensed insurance agent

1-855-409-6195TTY 711

Mon-Fri: 5am-7pm, Sat-Sun: 7am-4pm CT