Medigap Carrier Graveyard

[vic120]

My favorite, CSI, owned by Berkshire Hathaway, so it must be good, right?
2020 Buh-Bye
What is CSI Medicare?


They are known to be a trusted insurer for seniors looking for a Medigap policy. Established in 1977 and acquired by Berkshire Hathaway in 1992, CSI offers competitive supplement plans in 48 states. It has been given an A+ Superior Rating by A.M.'s Best for their financial ability to pay future claims.

Everyone is concerned about A ratings, what does that even amount to how many A+ rated carries go under just the same
have high increase just the same

 

[Russ]

In Florida its always been dominated by AARP/UHC and Florida Blue, with Bankers Life/Colonial Penn and UA getting a small slither.

None having really come and gone, except maybe Gerber and Mutual of Omaha. Years ago I used to occasionally come across clients that had one of their medsupps, but it has been many many years since that has happened.

Mutual of Omaha is alive in Florida.

 

[axeman462]

Mutual of Omaha is alive in Florida.

lol they aint trying very hard then!

 

[Russ]

lol they aint trying very hard then!

I'm in the panhandle and the rates beat UHC.

 

[goillini52]

lol they aint trying very hard then!

Could they be using 1 of their other 4 carriers?

 

[Russ]

Could they be using 1 of their other 4 carriers?

It's United World.

 

[Special Agent]

Mutual of Omaha is alive in Florida.

Genworth
Lincoln heritage
Golden Rule
Secure Horizons
Sterling
American pioneer......

 

[axeman462]

I'm in the panhandle and the rates beat UHC.

There are several carriers that beat UHC rates, but doesn't change the fact that they have almost no market share in the state

 

[Russ]

Here's the top 5 med-supp companies in Florida and the pct. of customers...

1. AARP/UnitedHealthcare	53.5%.
2. Florida Blue*	17.9%.
3. United American Insurance Company	11.6%.
4. Bankers Life	4.5%.
5. Humana	1.4%.

 

[axeman462]

Here's the top 5 med-supp companies in Florida and the pct. of customers...

1. AARP/UnitedHealthcare	53.5%.
2. Florida Blue*	17.9%.
3. United American Insurance Company	11.6%.
4. Bankers Life	4.5%.
5. Humana	1.4%.

Correct, thank you for proving my point.
Mutual/United of Omaha has almost no market share.


Also, Nerd Wallet under estimates AARP/UHC


National Association of Insurance Commissioners says
UHC has 55.3%

United of Omaha has 1.276%

https://content.naic.org/sites/default/files/publication-med-bb-medicare-loss-report.pdf