Georgia Medicare supplement insurance rates are increasing. Family Life Medigap rates will soon increase 25%. New business rates go up for September, 2011 effective dates. In force policies over 12 months old will see rates go up in October, 2011.
Medigap Rate Increases
The 25% rate increase for Medigap policies issued by Family Life currently only affects those living in Michigan but how long before these changes hit Georgia?
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Other Medicare supplement carriers such as Mutual of Omaha have increased rates by as much as 17%. Mutual of Omaha (AKA United of Omaha and United World) have also pulled Medicare supplement plan N off the market.
Royal Neighbors (RNA), Humana, Aetna and many more have raised rates in the last two years.
Paying Too Much?
If you have not “shopped” your Medigap plan you are probably paying too much.
If you bought the plan an agent sold you as “the best” they probably lied and forced you in to the wrong plan at a high rate.
Most GA seniors are paying their Medigap carrier over $200 per year to cover a $162 one time claim. That makes no sense at all.
They are also paying too much for the wrong Medicare Part D plan. In many cases they should make a change at the next open enrollment and save themselves thousands of dollars per year.
Stop paying too much.
Bob Vineyard and Georgia Medicare Plans have simple solutions to help you save money. Our GA Medigap quote system allows you to compare plans from multiple carriers and find the best plan and rate for your needs.
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