Sterling Investors, a Medicare supplement carrier in Georgia, will be increasing rates in September. From the Sterling Investors website:
Founded in 1978 and located in historic Rome, Georgia, Sterling Investors Life Insurance Company proudly serves the insurance needs of today’s seniors by providing valuable insurance protection across a broad range of insurance plans. We’re not the biggest so we work very hard everyday to make sure that our policyholders and agents across the country receive a level of service from us that always exceeds their expectations. We believe our company reflects the same small town conservative values as that of our regional surroundings. Growing from a small regional insurer in 1978, today Sterling Investors Life Insurance Company operates in (35) states through a network of more than 3000 independent insurance agents. We operate with the philosophy that our customers have a choice in the insurance company they choose to provide them with valuable insurance protection. We operate with a sense of gratitude for our customers having chosen us to serve their insurance needs.
If you own a 1990 series Sterling Investors Medigap policy your rates will increase by 9%.
Those with modernized Medicare supplement policies from Sterling Investors will find their rates increased by 7% when their September, 2012 premium is due.
New Sterling Investors applicants will receive the old (2010) rates if your application is submitted before July 5, 2012. If your application is submitted after July 5, 2012 and the effective date is prior to September 1, 2012, you will be assigned the 2010 rates.
Sterling Investors is a fine carrier for those who don’t mind paying a little more for their Medigap policy. Current Sterling Investors Medigap plan F rates for a female, non-tobacco in zip code 30149 are $153.83. Those rates be going higher.
We have several competitors with rates as low as $128.51 for the same age, gender, zip code and Medicare supplement plan F.
If you don’t mind paying an extra $300 per year or more for a Sterling Investors Medigap plan, great. But many Georgia seniors on a fixed income need to save every penny they can.
Georgia Medicare Plans have Medigap rates from several carriers including BCBSGA, Mutual of Omaha, Gerber, New Era and more. If your Sterling Investors Medigap rates are going up, now is a good time to shop and compare.