Oxford Life Insurance Company® today announced the release of its new Medicare Supplement product portfolio. The Phoenix-based life insurance company has plans to market Plans A, C or F, and N in more than 35 states.
Medicare Supplement (or Medigap) is private health insurance that helps retirees fill the "gaps" in coverage left by Original Medicare.
"Fast-rising health care costs have made Medicare Supplement insurance more important than ever to retirees," said Don C. Smith, Vice President and Chief Marketing Officer for Oxford Life. "More than 10 million Americans already enjoy the benefits of Medicare Supplement plans, and with the oldest baby boomers about to start turning 65, that number is only going to increase. It's an exciting time to be in the Medicare market."
Senior Market Sales, Inc. has been selected as the national marketer for Oxford Life's Medicare Supplement products and will support agents currently contracted with Oxford Life and its affiliates for other products.
"Senior Market Sales' history of successful product launches and their strong technology platform make them a solid fit for this program," said Smith.