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Question DetailsAsked on 10/8/2015

Does anyone have experience with Companion Life Health Insurance?

The sales rep said the Multi plan PPO had Zero deductions, no limits, no wait period and no increase in premiums. They said it would renew every month with payment and I didn't have to reapply each year. Does that seem right?

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13 Answers


If the Companion plan is your best option, ask the agent to place the plan side by side next to leading companies that you have actually heard of. I can tell you that Companion is not participating on the health care marketplace and a plan with zero deductible would be VERY expensive, and also very rare these days as most carriers are not selling zero deductible plans. I would do more research. If the agent you're working with only works with Companion, tell them no thank you and go find a broker that works with EVERY health plan in your area. They will prove to you with a side by side comparison that your best option is in fact your best option. A broker is more of a helper, guiding you to the right plan, they don't actually care which one you purchase because they work with all of the plans.


Answered 5 years ago by SmedleyRealty


The same just happened to me. Said I would get 0 deductible, 0 copay and it would only cost $79.22 a month. Last time I looked for a policy like this, they were upwards of $900 for one person. Then he told me it would only be $130 for the two of us. That is too good to be true. Even if it is true, like you said, it is not

We live in Texas and I don't think we would be covered

Answered 4 years ago by CheryLuna


I would like to know how the agent defined Multi plan PPO, I am an agent for a supplemental benefits company (not Companion) and the terms and costs are comprible with a supplemental benefit not a major medical plan. That is a very important distinction as supplemental insurance companies DO NOT replace the ACA requirements and someone with these benefits would still be subject to the Federal Govt. penalty. I would be curious about the credibility and standing of this company, always a good idea to check out their ratings. There are some great companies out there but there are a lot more that are not living up to the promise. Personally, I love the company that I work for and feel strongly that customer service always comes first.

Answered 4 years ago by HH


It's a discount health club, works just like a travel club, it's a scam!!! Get the same discounts for free, not health insurance! They didn't tell me how much it would cost, but asked me how much I would pay.

Source: almost bought it

Answered 4 years ago by mpr703


Companion Life has a A Rating with AM Best. They are a Subsidiarie of Blue Cross of South Carolina. They are Financially Stable and pay their claims. I had the plan for 4 years until I was recently married.

Answered 4 years ago by RodmanStreet


I never had any problems with this company.

As a suplemental to medicare they have been excellent and the prmiums are lower compare with other companies.

Clara Arbiser

Answered 4 years ago by carbiser


Companion life is a predatory scam stay far far away from them

Answered 4 years ago by Williammac1987


We recently checked in to Companion Life Health Insurance. My gut feeling after speaking with them was that something just wasn't right. They refused to send me the details of the plan via email until we filled out the application and paid the first premium. I won't be going with this company. If they were legitimate they wouldn't have any problem giving me plan information up front. Make your own decision, but my choice is to stay away from them. I'd rather go with a company familiar and pay more, than to hand out money that gets me no coverage.

Answered 3 years ago by jand


Due to ObamaCare increases that we could not afford, we had to resort to a less expensive plan. So... We opted for this which has turned out to be a huge rip-off! We were told they would cover five visits then we were to start paying a percentage. NOT!!! They pay $80 per visit and $50 for the labs. We all know labs are excessively expensive and $50 is nothing. This is a big joke on us. Avoid this !&@#%*! at all cost! They are dishonest when presenting what they offer and not very accommodating with their responses. We are hoping we will be able to get legitimate health insurance in the fall. Very sad...

Answered 3 years ago by cmwndt22415


me and my wife were dupped into this plan and were told by the sales rep that it had no deductable and 10 copay for meds and 25 copay for dr. visits. and they were ased if they would cover my pre exsisting conditions they said they would. i found out that they only pay 500 per dayfor hospitalizations and only up to 125 for dr. visits. they knew I had a Lvad and would need coverage for my heart pump they do not cover so i have topay out of pocket because i have to wait for enrollment time to get new insurance. SCAM SCAM SCAM

Answered 3 years ago by wesmoorlive


In two words ..... RIP OFF !

They take your premiums and you get next to nothing in terms of any real coverage. I had the dental and found that I could payroll deduct the same amount as the premiums and it would build up in the credit union quickly and I would not have to go through the hoops and waste time. I really like not having to get there denial letters. I just take a loan out from the credit union, if needed, and I'm happy.

Marty Hall


Answered 3 years ago by smikkee


It is not legitimate. Do not send them your money - the website is a scam! Becareful!

Answered 2 years ago by llefkow1


FYI!!! I have Companion and it says right on my insurance card "coverage is not subject to Affordable Care Act Requirements." Take that how you will but I was just denied coverage that legally should be covered 100% under the ACA.

Answered 4 months ago by Luluj

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