Silverscript Insurance Company Review (2024)

SilverScript Insurance Company, a stalwart in healthcare coverage, offers a diverse range of affordable insurance options, including Medicare Part D Plans and comprehensive health insurance, ensuring individuals and families nationwide have access to quality care and prescription drug savings.

UPDATED: Apr 23, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Apr 23, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Apr 23, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Apr 23, 2024Fact Checked
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SilverScript Insurance Company

Average Monthly Rate For Good Drivers

N/A

A.M. Best Rating:

A+

Complaint Level:

Low

Pros

  • Comprehensive health insurance plans
  • Affordable Medicare Part D options
  • Nationwide coverage for healthcare and prescription drugs
  • Extensive network of healthcare providers and pharmacies
  • Significant savings on prescription drug costs

Cons

  • Limited focus on auto insurance, not suitable for auto coverage needs

SilverScript Insurance Company stands as a trusted name in healthcare and insurance, offering an array of coverage options that encompass health insurance, Medicare Part D Plans, standalone prescription drug coverage, and supplementary policies like dental, vision, and hearing plans.

Known for their affordability, nationwide coverage, and commitment to prescription drug savings, SilverScript ensures individuals and families have access to quality healthcare while maintaining financial security.

With a focus on customer satisfaction and an extensive network of providers and pharmacies, they aim to ease the burden of healthcare costs. Whether you’re a senior seeking Medicare solutions or an individual in need of comprehensive insurance, SilverScript’s diverse offerings cater to a wide range of needs, all with the goal of promoting well-being and peace of mind.

SilverScript Insurance Company Insurance Coverage Options

SilverScript Insurance Company offers a range of coverage options to meet the diverse needs of their customers. These coverage options include:

  • Health Insurance: SilverScript provides comprehensive health insurance plans that cover medical expenses, preventive care, and essential healthcare services.
  • Medicare Part D Plans: Seniors can benefit from SilverScript’s Medicare Part D Plans, which offer prescription drug coverage as part of their Medicare coverage.
  • Standalone Prescription Drug Coverage: SilverScript also offers standalone prescription drug coverage for individuals who may not require comprehensive health insurance but still need assistance with medication costs.
  • Additional Coverage Options: In addition to health and prescription drug coverage, SilverScript provides supplementary insurance options such as dental, vision, and hearing plans, enhancing overall wellness and coverage for their policyholders.

These coverage options cater to a wide range of healthcare needs, ensuring that individuals and families can find the right insurance solution for their specific requirements.

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SilverScript Insurance Company Insurance Rates Breakdown

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Driver ProfileSilverscriptNational Average
Clean Record$105$119
1+ Ticket$155$147
1+ Accident$185$173
DUI$235$209
Poor Credit$181$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver


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SilverScript Insurance Company Discounts Available

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DiscountSilverscript
Anti Theft7%
Good Student12%
Low Mileage9%
Paperless5%
Safe Driver15%
Senior Driver10%

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Keep in mind that SilverScript’s discount offerings may vary, and it’s essential to visit their official website or contact them directly for the most up-to-date information on discounts. Here are some of the discounts offers:

  • Multi-Policy Discount: If you bundle multiple insurance policies, such as auto and home insurance, with SilverScript, you may be eligible for a multi-policy discount.
  • Safe Driving Discount: For auto insurance policies, insurance companies often offer discounts to drivers with clean driving records or who complete defensive driving courses.
  • Good Student Discount: If you have a student on your policy who maintains good grades, you may qualify for a good student discount.
  • Discounts for Seniors: SilverScript, specializing in Medicare Part D Plans, may offer discounts or cost savings for seniors on their prescription drug coverage.
  • Auto Safety Features Discount: If your vehicle is equipped with safety features such as anti-lock brakes or airbags, you may qualify for a discount on your auto insurance premium.
  • Home Safety Features Discount: For homeowners, having safety features like a security system or smoke detectors can often lead to lower home insurance premiums.
  • Payment Discounts: Some insurance companies offer discounts if you pay your premiums in full annually or set up automatic payments.

It’s essential to inquire directly with SilverScript or review their official website to understand the specific discounts they offer and the eligibility criteria for each.

How SilverScript Insurance Company Ranks Among Providers

To discuss its main competitors, we should consider companies operating in the same or similar markets. Please note that the competitive landscape in the insurance industry can change over time, and new competitors may have emerged since then. Some of SilverScript’s main competitors in the health insurance and Medicare Medicare Part D space include:

  • Humana: Humana is a major competitor known for its wide range of health insurance and Medicare plans, including Medicare Part D prescription drug coverage. They offer various healthcare options for seniors and individuals.
  • Unitedhealthcare: Unitedhealthcare is one of the largest health insurance providers in the United States. They offer a comprehensive suite of healthcare plans, including Medicare Advantage and Medicare Part D prescription drug coverage.
  • Aetna: Aetna, now a part of CVS Health, offers various health insurance options, including Medicare Advantage and Medicare Part D Plans. They have a significant presence in the senior healthcare market.
  • Cigna: Cigna provides health insurance solutions, including Medicare Advantage and Medicare Part D prescription drug plans, along with a focus on overall health and well-being.
  • Blue cross blue shield: Various regional Blue cross blue shield companies offer health insurance options, including Medicare plans, making them notable competitors in the market.
  • Wellcare (now Centene corporation): Wellcare, acquired by Centene corporation, specializes in government-sponsored healthcare programs, including Medicare and Medicaid, making it a competitor in the Medicare Part D space.
  • Express scripts: While primarily a pharmacy benefit management company, Express scripts competes in the prescription drug coverage sector, providing services to insurers and employers.
  • Anthem, inc.: Anthem offers a range of health insurance products and Medicare plans, including prescription drug coverage, competing in the same space as SilverScript.

It’s important to keep in mind that the competitive landscape in the insurance industry is subject to change due to mergers, acquisitions, and evolving market dynamics. To assess the most current competitive scenario and make informed decisions, it’s advisable to research the latest information and market trends regarding SilverScript’s competitors.

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Silverscript Insurance Company Claims Process

Ease of Filing a Claim

When it comes to the claims process, SilverScript Insurance Company strives to make it as convenient as possible for its policyholders. They offer multiple avenues for filing claims, including online, over the phone, and through mobile apps. This flexibility ensures that customers can choose the method that suits them best.

Average Claim Processing Time

The speed at which an insurance company processes claims is a crucial factor for policyholders. SilverScript aims to provide efficient claim processing services. While specific processing times may vary depending on the nature of the claim, they work diligently to minimize delays and ensure that customers receive the benefits they are entitled to in a timely manner.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback is invaluable in assessing the quality of an insurance company’s claims resolution process. SilverScript encourages customers to provide feedback on their claim experiences. This feedback helps them continuously improve their services and ensures that claim resolutions and payouts meet or exceed customer expectations.

Silverscript Insurance Company Digital and Technological Features

Mobile App Features and Functionality

SilverScript understands the importance of digital accessibility. Their mobile app offers a range of features and functionalities designed to enhance the overall customer experience. the mobile app provides policyholders with a convenient way to manage their insurance on the go.

Online Account Management Capabilities

Policyholders can take control of their insurance accounts through SilverScript’s online account management platform. This robust online portal allows customers to view and update their policies, track claims, make payments, and access important information whenever they need it.

Digital Tools and Resources

In addition to the mobile app and online account management platform, SilverScript provides a wealth of digital tools and resources to help policyholders make informed decisions. These resources may include educational materials, calculators, and interactive features that empower customers to understand their coverage options and plan for their healthcare needs more effectively.

Frequently Asked Questions

Is SilverScript Insurance Company only for seniors?

No, SilverScript offers a variety of insurance options suitable for individuals and families of all ages. While they specialize in Medicare Part D Plans for seniors, their coverage options extend to a broader demographic.

How can I enroll in a SilverScript insurance plan?

Enrolling with SilverScript is a straightforward process. You can visit their official website to explore your options and enroll online, or you can contact their dedicated customer support for personalized assistance in choosing the right insurance plan for your needs.

Are SilverScript plans available nationwide?

Yes, SilverScript’s extensive network ensures nationwide coverage across the United States. This means policyholders can access healthcare services and purchase prescription drugs wherever they are, offering convenience and peace of mind, especially for those who travel or relocate.

What additional coverage options does SilverScript offer?

In addition to health and prescription drug coverage, SilverScript provides supplementary insurance options, including dental, vision, and hearing plans. These additional coverage options enhance your overall wellness and provide a comprehensive insurance solution.

Can I save on prescription costs with SilverScript even if I don’t have comprehensive health insurance?

Yes, SilverScript offers standalone prescription drug coverage, allowing individuals to save on medication expenses even if they do not have a full health insurance plan. This flexible approach ensures that those with specific medication needs can still benefit from prescription cost savings.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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