We offer Central States Indemnity Medicare supplement insurance direct to consumer. As an independent insurance agency offering Medigap plans, we are always looking for new companies with the lowest rates for our clients.
We like Central States Indemnity as they are a highly rated carrier with strong financial backing. As a consumer, it can be difficult to compare rates with several carriers on your own. We have created a one-stop shop to help you find the plan(s) that best suit your needs.
CSI was founded over 35 years ago and has an A+ rating with AM Best. Their high rating can be explained by the fact that CSI is a Berkshire Hathaway company and therefore have significant financial strength behind them.
Berkshire Hathaway is of course the large investment conglomerate run by Warren Buffett. In 1992, Berkshire acquired Central States to gain a foothold into the large and growing senior markets. CSI benefits from their size and scope and has grown into one of the most stable Medicare supplement providers.
Warren Buffett is known for his investment savvy. With so many baby boomers aging into Medicare, it makes senses that Berkshire Hathaway would enter this growing market. There will always be a need for affordable and stable Medigap carriers.
After all, it does not matter where you purchase your supplemental insurance – a Plan F is a Plan F. Insurance companies cannot adjust plan designs nor offer differing networks. Medigap benefits are controlled by law and traditional supplemental insurance plans have no network restrictions.
Thus, you are simply shopping for a reliable, well-rated carrier offering affordable rates and reasonable premium increases. CSI has a good reputation when considering those factors which helps to explain their popularity with consumers and agents alike.
CSI offers Plan G across the U.S. as consumers become more aware of the savings and stability it provides. Plan G is a very good choice for those who would rather exchange lower premiums for slightly more exposure to out of pocket expenses.
Plan G covers everything Plan F does except for the Medicare Part B deductible – which is only $166 for 2016. In many cases Plan G’s premium savings can more than make up the difference, however.
Notably, Plan G is not a guaranteed issue plan. Unless the applicant is in their open enrollment window and new to Medicare Part B, then s/he will need to undergo medical underwriting to enroll in G. This results in members with fewer claims which keeps rates low for everyone.
Some insurance carriers tend to carve out certain niches for themselves. That is to say not all carriers offer the lowest prices in every state, but some are known for keeping rates stable for their members.
It’s not uncommon for insurance companies to offer plans from one or more subsidiaries. CSI Life Insurance Company was introduced in 2015 to offer yet another competitive choice in many states. It’s not uncommon to see both companies in the top 5 for rates in many areas of the country.
We encourage our clients to shop on more than just price at purchase. Choosing a supplement can be a decision for the long haul. Sometimes it’s better to pay a little more upfront in order to have more stability in the future. Both CSI companies are good examples of this idea in practice as their G and N rates have held steady.
It should be noted that the CSI family of companies is very competitively priced in Arizona, Illinois, Indiana, Ohio, Tennessee, Texas, the Carolinas and several other states in the Southeast as well.
Hyers and Associates, Inc. is an independent insurance agency offering Medicare insurance coverage across the United States. We license direct with all carriers in order to offer the lowest rates to our clients.
We can help you compare Medigap plans from several carriers while also discussing the nuances of purchasing insurance and keeping your premiums low now and in the future. Contact us today for more information.
Category: Medicare Supplements