Why are United American rates for Medicare Supplement Plan G and N so high?

[Chazm]

On UA and Med Supp topic, my 82 yo husband has had HDF from UA for over 5 yrs. Increases reasonable (they have in our zip in CA, loss ratio below 85%). This is his first year of his attained age policy of "No age increase 82+" and the premium went up more than EVER--over 17%
Tried asking if they "forgot" to Not Increase For Age based on lower than average loss ratio and could they check for me?
Crickets

Reminds me of clients who were on a $11 drug plan one year and the next year it went to $18.

Chaz! I just got a 65% rate increase! How can they do this to me?? I barely get any drugs.

Your 17% increase on $50 isn't rattling any feathers.

 

[AllThingsMedicare]

It was $79 to $93 when age adjustment stopped. Forgive me for living and writing words. Gosh many here are so understanding and kind it's no wonder no one likes insurance people. Merry Christmas.

 

[rousemark]

Caveat, NOT an agent.

I think I have seen agents posting about two different reasons Medigap plans can have premium increases.

Age change is one, I can't remember details of what the other one is.

Agents will have to comment for you with the other reason as a possible justification for the change.

The other is inflation, increased costs, etc.

 

[Fisher]

Forgive me for living and writing words.

That does not sound like it was typed by someone old enough to be married to an 82-year-old dude.

 

[rmhaire]

It was $79 to $93 when age adjustment stopped. Forgive me for living and writing words. Gosh many here are so understanding and kind it's no wonder no one likes insurance people. Merry Christmas.

You might want to buckle up.

He's actually the nice one.

 

[LostDollar]

The other is inflation, increased costs, etc.

It's been so long since I saw those posts.

Is that the reason that goillini, somarco, vic, chazm and others would comment that an issue age policy would still see increases?

Kansas doesn't have many issue age medigap policies. They used to have an issue age HDF. After watching for a few months, I knew they were closing books on that policy in other states and Kansas' turn would be coming. I also felt like I had a chance of premium stability because I was seeing minimal increases on their HDF coverage in other states and because it was being sold as an issue age policy.

So far, all my advisor agents on the other side of the table are laughing because I have had 1 price increase. For the "science experiment" I have to get to age 90 to see what additional premium changes may, or may not, happen.

 

[LostDollar]

You might want to buckle up.

He's actually the nice one.

He was part of my Insurance Forums' Medicare Agent remedial training team.

8 years ago, one of his jobs was to monitor my posts for every time I mixed up Co-Pay and Co-Insurance.

(Goillini and Vic handled the posts where I confused "Parts" and "Plans". )

 

[LostDollar]

Reminds me of clients who were on a $11 drug plan one year and the next year it went to $18.

Chaz! I just got a 65% rate increase! How can they do this to me?? I barely get any drugs.

Your 17% increase on $50 isn't rattling any feathers.

I was something short of infuriated a few years back when I made a post commenting about my PDP increase and rousemark calmly posted in he had had a decrease. Grr. Grr.

 

[goillini52]

It's been so long since I saw those posts.

Is that the reason that goillini, somarco, vic, chazm and others would comment that an issue age policy would still see increases?

Kansas doesn't have many issue age medigap policies. They used to have an issue age HDF. After watching for a few months, I knew they were closing books on that policy in other states and Kansas' turn would be coming. I also felt like I had a chance of premium stability because I was seeing minimal increases on their HDF coverage in other states and because it was being sold as an issue age policy.

So far, all my advisor agents on the other side of the table are laughing because I have had 1 price increase. For the "science experiment" I have to get to age 90 to see what additional premium changes may, or may not, happen.

Physicians Mutual used to offer attained age and issue age. Seems like issue age was $5 more per month.

 

[rousemark]

It's been so long since I saw those posts.

Is that the reason that goillini, somarco, vic, chazm and others would comment that an issue age policy would still see increases?

Kansas doesn't have many issue age medigap policies. They used to have an issue age HDF. After watching for a few months, I knew they were closing books on that policy in other states and Kansas' turn would be coming. I also felt like I had a chance of premium stability because I was seeing minimal increases on their HDF coverage in other states and because it was being sold as an issue age policy.

So far, all my advisor agents on the other side of the table are laughing because I have had 1 price increase. For the "science experiment" I have to get to age 90 to see what additional premium changes may, or may not, happen.

Yes, thar is the reason issue age policies would have rate increases. One of the reason for increased costs is Medicare increases the deductibles every B year which means your supplement has to pay more. When I first started selling Med Supp the part A deductblewas $100. In 2025 it will be $1676.