Insurers that provide Medicare Supplement (Medigap) policies determine their rates, or premiums, in the following ways.

  • Attained Age – Your premium is based on your current age and will go up as you age. The insurer will provide a schedule of what premiums will be at future age levels. However, these schedules can be adjusted upward because of inflation and other factors.
  • Issue Age or Entry Age – Your premiums is based on when you enrolled and will not rise simply because you age.
  • Community Rates – Your premium is the same as everyone else with the policy regardless of age.

It is important to understand which method an insurer uses. A policyholder would be surprised if they assume they have an 'Issue Age' policy with a relatively stable rate but then find their rate increases at their next birthday.

Your premium may also be influenced by the following factors.

  • Geography – Medical care in certain areas of the country is more expensive.
  • Health – Some insurers offer discounts for clients with excellent health.
  • Multi–Policy Discounts
  • Living Arrangements – living with a spouse, relative, or friend with a policy from the insurer may help you to get an additional discount

Why do rates increase? Insurers may change their rates on existing policies for a variety of reasons.

  • Increases in local medical care costs
  • Financial strength of company
  • Unexpected increase in claims
  • Age and health status of new policyholders

Have Questions?

If at any point you would like to speak with someone for more information,
contact 1-800-258-7041 or fill out our Request Information form!