North Carolina seniors have been early beneficiaries of one of the lowest-cost Medicare supplement insurance policies available anywhere. When State Mutual Insurance Company received approval from a number of state insurance commissions late in 2010 for its new low cost product, North Carolina immediately updated its Senior Health Insurance Information website, (www.ncdoi.com/medisupp/citizen/search/asp) with the information. As a result, North Carolina seniors were the first to have information about this new low cost insurance.
“We had this product developed and submitted for approval in about half of the 50 states,” said Dee Yancey III, president and CEO of State Mutual Insurance Company. “While it’s approved in a number of other places, North Carolina went ahead before we had been able to start advertising it and put the information on its Senior Health Insurance Information website,” he said.