Colonial Penn Medicare Supplement Plans – An Honest Review

Colonial Penn Medicare supplement plans are a great resource for seniors shopping for Medicare Advantage plans. The company is an affiliate of Bankers Life and Casualty Company. The company offers supplement plans including A, B, C, D, G, K, L, M, and N depending on your state of residence.

Colonial Penn Medicare Supplement Plans – An Overview

Bankers Life and Casualty Company offers Colonial Penn Medicare Supplement Plans as its product. This company is a primary subsidiary of a trusted Fortune 1000 company, CNO Financial Group. This company started it operations in 140 years ago. Bankers Life and Casualty Company alone serves 1.4 million policyholders across the USA with a wide range of services.

Colonial Penn Medicare Supplement Plans

Should You Choose Colonial Penn Medicare Supplement Plans?

Here are various factors that support or disrupt the trust around s Medicare plans offered by Bankers Life and Casualty Company.

Financial Stability

The company enjoys A- rating from A.M. Best. This rating translates into an excellent financial position in layman’s terms.

Customer Care

For customer care and business management, the company has acquired a reliable rating of A+ from the Better Business Bureau (BBB). This rating shows that this company manages its operations well.

However, these plans also attract negative attention from clients who give it a composite rating of 2 out of 5 because of complaints in areas of billing, warranty, and advertising.

Reliable History

The best thing about these plans is the reliable history of its company. The company was established in 1879 and has gained the trust of millions of people across the country.

Variety of Offered Plans

Other than an extensive variety of insurance packages offered by this company, it also offers a commendable variety of Medigap plans. These plans include A, B, C, D, G, K, L, M, and N depending on your state.

Costs

This company is, however, know to request higher premiums than are prevalent in the market. So, if you are looking for cost-effective solutions, you should consider other options.

Wrap Up

Bankers Life and Casualty Company offers Colonial Penn Medicare supplement plans to help senior citizens with their healthcare needs. The company is reliable because of a long history of success and financial stability. However, enrollees should proceed with care when buying because of higher-than-optimal prices and lower levels of professionalism in customer care from the company.

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