SOURCE: Physicians Mutual

Physicians Mutual

July 09, 2010 14:40 ET

Physicians Mutual® Introduces Money-Saving Discounts for Medicare Supplement Customers

Company's New VISTA Funder Annuity Helps Pay Eligible Medicare Expenses

OMAHA, NE--(Marketwire - July 9, 2010) -  The Physicians Mutual family recently announced the introduction of a new solution that conveniently helps customers pay their medical bills. The new VISTA Funder annuity gives customers who own a Physicians Mutual or Physicians Life High Deductible Plan F or Innovative Plan F option help with covering medical expenses normally applied to their Medicare Supplement deductible. 

According to Melissa Crawford, Physicians Mutual senior vice president, this new product allows customers unlimited access to their account value for expenses under their Medicare Supplement deductible which could be as much as $2,000 in 2010. In addition, the VISTA Funder provides the guarantees of a fixed annuity which includes protection from market losses, a guaranteed interest rate of at least 2.50 percent for as long as the customer owns the policy and the ability to generate income for life.

This product gives customers a way to set aside money to easily help pay eligible Medicare expenses. These deductions are typically out-of-pocket expenses and can be automatically paid to the individual or to the provider. In addition, customers qualify for a 5 percent discount on their Medicare Supplement premium.

"At Physicians Mutual, we understand consumers are always looking for ways to control their health care costs. This is why we are focused on developing products that meet the needs of our customers over the long term," said Crawford.

The company also recently introduced a 10 percent discount on Medicare Supplement insurance to its long-term care customers. The VISTA Funder annuity product and the Medicare Supplement discounts are the latest innovations offered to retirees today.

In 2008, the company, a pioneer in the Medicare Supplement industry, introduced its Medicare Supplement Innovative Discount Rider as a unique option aimed at saving customers money and providing increased benefits in the future. The rider is an innovative, patent-pending option which allows people to control both their costs and their coverage by simply adding a deductible for the first three full calendar years. Also, with the rider, consumers have the freedom to return to regular Plan F benefits and premiums sooner than scheduled.

About Physicians Mutual
Physicians Mutual Insurance Company and Physicians Life Insurance Company are members of the Physicians Mutual family. Physicians Mutual Insurance Company offers reliable Medicare Supplement, dental, supplemental health and long-term care insurance. Physicians Life Insurance Company provides important life insurance coverage and annuities. The companies have total assets exceeding $2.8 billion and consistently maintain some of the highest financial strength ratings in the nation from independent insurance analysts, including A.M. Best Company and Weiss Ratings.

Founded in 1902, Physicians Mutual is headquartered in Omaha, Neb. To learn more about the company, please visit www.PhysiciansMutual.com.

Note: Products/Discounts not available in all states.

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