Med Supp Rate Increases........

Jun 4, 2016

  1. agentjhc
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    agentjhc Guru

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    I'll use OIC as example. Person A buys OIC plan in April 2016. Rate locked for 1 year ? June 2016 rates go up 9% on enforce bit Person A exempt. May 2017, does A's rate jump 9% or are they exempt until the next rate increase?
     
  2. somarco
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    somarco GA Medicare Expert

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    Increases 9% + any other increase effective prior to renewal.

    Right now your OIC client has a baked in 9% increase for April 2017. Might be more. Won't be less.
     
    somarco, Jun 4, 2016
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  3. agentjhc
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    agentjhc Guru

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    Same for all companies? New Era, Equitable, etc I assume ?
     
  4. somarco
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    somarco GA Medicare Expert

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    Yup, unless the increase is just on new apps. Usually don't see that. They always nail existing policyholders as much as they can.
     
    somarco, Jun 4, 2016
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