Central Reserve Life Insurance now exists as a subsidiary of their new parent company, Cigna (pronounced “sig-nuh”). Signa acquired Central Reserve back in August of 2012. The company was originally founded back in 1964, and operated under the name of Central Reserve until it was acquired by GASBG in 2006.
Whether you’re looking for Medigap supplements, a Medicare Advantage policy, or a Part D drug plan, it’s important to know what you want before you begin shopping. This is because not all companies offer every single available Medicare supplement. Below, you can see what Central Reserve has to offer.
|Medicare Supplement Plans||YES|
|Medicare Advantage Plans||YES|
|Medicare Part D Drug Plans||YES|
The bar graph below displays average prices for Medicare supplement insurance policies across the country. Take a look at the data, and make a mental note of what you should be expecting to pay for the policy you need. Then, compare that to Central Reserve’s advertised prices.
This Table Represents National Average Costs of Medicare Supplement Plans
|Plan Type||Starting From||Part A Deductible||Part B Deductible||Excess||Nursing||Travel|
|Plan C||$118*||$0||$0||Not Covered||100% Covered||100% Covered||Request Info|
|$116*||$0||$0||100% Covered||100% Covered||100% Covered||Request Info|
|Plan G||$105*||$0||$147||100% Covered||100% Covered||100% Covered||Request Info|
|Plan B||$104*||$0||$147||Not Covered||Not Covered||Not Covered||Request Info|
|Plan N||$70*||$0||$147||Not Covered||100% Covered||100% Covered||Request Info|
|Plan D||$97*||$0||$147||Not Covered||100% Covered||100% Covered||Request Info|
|Plan A||$69*||$1||$147||Not Covered||Not Covered||Not Covered||Request Info|
|Plan L||$76*||$304||$147||Not Covered||75% Covered||Not Covered||Request Info|
|Plan K||$45*||$608||$147||Not Covered||50% Covered||Not Covered||Request Info|
|Plan M||$97*||$608||$147||Not Covered||100% Covered||100% Covered||Request Info|
A company’s financial strength is a very important characteristic. It can reflect how stable they are, how well they do business, and whether or not they will manage your medical claims in a competent manner. Below are Central Reserve’s financial ratings from the top ratings agencies in the country:
|A.M. Best Rating||A-|
|Standard & Poor’s Rating||No Rating|
|Moody’s Rating||No Rating|
*Ratings as of 2/17/15
Central Reserve Life Insurance has over 50 years of experience offering financial products to senior citizens, including Medicare supplement plans. They have changed hands several times over the years – first with GASBG in 2006 and most recently to Cigna in 2012 – but they continue to provide valuable services to seniors who want to make the most out of their golden years.
Fast Claims Processing
Strong Financial Reserves
Telephone Number: (800) 228-7104
To speak with a person:
Cigna Supplemental Benefits
P.O. Box 26580
Austin, TX 78755-0580
Customers looking to get a rate quote, or learn more about plans have 2 options:
Mon-Fri, 8am-8pm EST