Business

Federal Life Insurance expands into the Medicare Supplement market

Posted May 01, 2020 1:00 am

RIVERWOODS - Federal Life Insurance Company will be offering new Medicare Supplement products through a distribution partnership with Senior Market Sales.

Federal Life will offer a competitive High Deductible G plan in addition to the other plan types, including A, F, G, and N. The new plans will be available for sale in select states starting June 8.

Dwane McFerrin, vice president of Medicare Solutions at SMS, said Federal Life's product strategy will increase the number of consumer choices for funding health care.

"The High-Deductible G is ideal for the client who wants low premium, but doesn't want restrictions on the providers they use," McFerrin said. "It is also a great product for those carrying health savings accounts into retirement as a way to partially self-insure."

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