Understanding Central States Indemnity Medicare Supplement Changes

Central States Indemnity Medicare Supplement plans have undergone changes over the years. These changes can be confusing, especially for those who are new to Medicare.

Some plans have been discontinued, such as Plan G, which is no longer available for sale. This change affects individuals who are looking for a replacement plan.

Central States Indemnity has introduced new plans, like Plan N, which offers different coverage levels. This plan has a Part B deductible and copays for doctor visits.

To understand these changes, it's essential to review the plan options and benefits carefully.

Central States Indemnity offers Plan G across the U.S. to consumers seeking savings and stability.

Plan G covers everything Plan F does except for the Medicare Part B deductible, which is a relatively low $166 for 2016.

Consumers can save on premiums with Plan G, but will have slightly more exposure to out-of-pocket expenses.

We're now offering Plan G in many states, a popular choice for those who want to 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 a relatively low $166 for 2016.

This deductible is a crucial factor to consider, as it's the only thing Plan G doesn't cover.

In many cases, the premium savings from Plan G can more than make up for the difference.

However, it's worth noting that Plan G is not a guaranteed issue plan, so applicants outside of their open enrollment window may need to undergo medical underwriting to enroll.

If you're a current policyholder of a Central States Indemnity Medicare Supplement plan, you can rest assured that you're "grandfathered in", meaning you can keep your coverage as long as you pay your premiums on time.

Your policy won't be canceled due to the discontinuation of the Medicare Supplement product, and the benefits outlined in your policy will continue to be available to you.

Central States Indemnity Insurance Company has discontinued their Medicare Supplement plans, but they're committed to providing uninterrupted coverage for their current policyholders.

You can continue to rely on their services, and your plan will remain in effect.

However, it's essential to note that Central States Indemnity won't accept any new Medicare Supplement coverage applications.

If you're looking to modify or enroll in a new Medicare Supplement plan, you won't be able to do so with Central States Indemnity, but you may want to consider other options to find a plan that aligns with your unique requirements and budget.

Central States Indemnity is currently facing financial difficulties, with a deficit of over $18 billion in its pension fund.

The company's financial struggles have led to a decrease in its bond rating, making it a riskier investment for policyholders.

Central States Indemnity has been trying to recover from its financial woes by cutting benefits to its participants and increasing premiums.

The company's efforts to stabilize its finances have been met with resistance from some participants, who argue that the changes unfairly burden those who are already struggling.

A lawsuit was filed against Central States Indemnity in 2015, alleging that the company's leadership had engaged in self-dealing and mismanaged the pension fund.

The lawsuit is ongoing, with no resolution in sight.

Central States Indemnity has been under the oversight of the Pension Benefit Guaranty Corporation (PBGC) since 2015, which has been monitoring the company's financial situation.

The PBGC has taken steps to ensure that the company's participants receive their promised benefits, but the process has been slow and contentious.

Central States Indemnity is still operating, but its financial situation remains precarious.