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Press Releases - Ohio Seniors Get Very Low-Cost Medicare Supplement Insurance Policy

Ohio Seniors Get Very Low-Cost Medicare Supplement Insurance Policy

COLUMBUS, OH, Jan. 20 2011 /Business Wire/ -- A new low-cost Medicare Supplement insurance policy is now approved for sale to seniors in Ohio. The Ohio Department of Insurancehas approved a very low-cost Medicare Supplement insurance plan for seniors and Ohiois among the first states in the nation to allow this supplemental insurance plan to be offered to its citizens. The availability of this low-cost supplemental plan for Ohio seniors was announced today by State Mutual Insurance Company of Rome, GA.

State Mutual President and CEO, Dee Yancey III, said that Ohio residents of Medicareage now have access to one of the lowest cost Medicare supplement insurance plans available anywhere in the nation. Yancey said that State Mutual Insurance Company will allow Medicare-age consumers to apply for the supplemental Medicare insurance policy online, without having to talk with an insurance agent. “They can go online (http://www.statemutualinsurance.com/) to fill out a confidential application,” he said. “They can go forward secure in the knowledge that no one is going to try to sell them anything,” he said.

A quick random comparison of Medicare supplement policies available in a number of states shows that the State Mutual policy is generally the lowest-cost in most categories, and in some cases, costing less than half the price of the most expensive policies for the same coverage.

The online program allows an interested customer to review and select a policy, see a price quote, submit an application, receive confirmation of coverage and receive his or her policy in a few minutes of online time. Most policies will be issued within a working day, rather than the customary one- to two-month wait for underwriting review and processing. Consumers who wish to speak to a customer service representative, either to obtain information, or to apply for a policy, can do so by calling 1-855-764-4000. Yancey said that the low cost of the State Mutual Insurance Company policy is achieved by empowering the customer to go online for most, if not all, of the information and application phase of obtaining Medicare supplement insurance. “We have eliminated a substantial cost element in this process,” he said. “This benefits the consumer who can obtain a superior insurance policy from an established company very quickly and inexpensively,” he said. 

For State Mutual Insurance Company
Charles Russell, 303-549-3130

Source: State Mutual Insurance Company

IAS assisted State Mutual Insurance Company in the development of their Medicare Supplement product and currently is the Administrator.  For more information on similar services please contact: Victor Castellanos (contact details are below).

About IAS:
IAS is a third party administrator that provides solutions to the insurance industry through innovative, custom-built platforms and strategic partnerships. While the company administers insurance products for people of all ages, it focuses on the senior market. With over 300 employees, staffing is flexible. While most organizations view their administration as a back office function, administration is IAS’s front office. The company performs most functions normally associated with an insurance company home office operation. IAS does not outsource your outsourcing; all IAS employees are located within the United States of America.

Contact:
Victor Castellanos
SVP, Chief Marketing Officer
Insurance Administrative Solutions, LLC
6996 Piazza Grande Avenue, Ste. 309
Orlando, FL  32835
Phone:  407-472-3905
Fax:  407-472-3919
Email: Victor.Castellanos@IASadmin.com

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