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A national insurance marketing company specializing only in the mature market

Aetna Rate increases in AL, AR, MI, DE, IA, IL, IN, KS, KY, NE, OH, PA, SC, TN, TX, VA, WY

Rate Increase

Medicare Supplement Rate Increase in Multiple States

Individual Medicare Supplement policies currently available in the following states have upcoming rate adjustments: 

Alabama

Continental Life (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F – 8% Increase
  • Plan HiF – 9% Increase
  • Plan G – 8% Increase
  • Plan N – 8% Increase

Arkansas

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 4% Increase
  • Plan F – 4% Increase
  • Plan G – 4% Increase
  • Plan N – 4% Increase

Delaware

Aetna Health Insurance Company (effective 3/1/2021)

  • Plan A – 3% Increase
  • Plan B – 3% Increase
  • Plan F – 3% Increase
  • Plan G – 3% Increase

Iowa

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 5% Increase
  • Plan F – 5% Increase
  • Plan G – 5% Increase
  • Plan N – 5% Increase

Aetna Health  (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F – 2% Increase
  • Plan G – 8% Increase
  • Plan N – 4% Increase

Illinois 

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 5% Increase
  • Plan F – 5% Increase
  • Plan G – 5% Increase
  • Plan N – 5% Increase

Aetna Health and Life  (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F – 6% Increase
  • Plan G – 8% Increase

Indiana

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 2.5% Increase
  • Plan F – 2.5% Increase
  • Plan G – 2.5% Increase
  • Plan N – 2.5% Increase

Aetna Health and Life  (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F – 8% Increase
  • Plan G – 8% Increase
  • Plan N – 8% Increase

Kansas

Aetna Health  (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F – 6% Increase
  • Plan G – 8% Increase
  • Plan N – 4% Increas

Kentucky

Aetna Health and Life  (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F – 8% Increase
  • Plan G – 8% Increase
  • Plan N – 7% Increase

Michigan

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 5% Increase
  • Plan F – 5% Increase
  • Plan G – 5% Increase
  • Plan N – 5% Increase

Continental Life (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F – 8% Increase

Nebraska

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 5% Increase
  • Plan F – 5% Increase
  • Plan G – 5% Increase
  • Plan N – 5% Increase

Ohio

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 4% Increase
  • Plan F – 4% Increase
  • Plan G – 4% Increase
  • Plan N – 4% Increase

Continental Life  (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F – 8% Increase
  • Plan N – 8% Increase

Pennsylvania

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 4% Increase
  • Plan F – 4% Increase
  • Plan G – 4% Increase
  • Plan N – 4% Increase

Aetna Health  (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 3.5% Increase
  • Plan F – 8% Increase

South Carolina

Aetna Health (effective 3/1/2021)

  • Plan F – 2% Increase

Tennessee

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 3% Increase
  • Plan F – 3% Increase
  • Plan G – 3% Increase
  • Plan N – 3% Increase

Continental Life  (effective 3/1/2021)

  • Plan A – 5% Increase
  • Plan B – 5% Increase
  • Plan F – 5% Increase
  • Plan G – 4% Increase
  • Plan N – 5% Increase

Texas

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 5% Increase
  • Plan F – 5% Increase
  • Plan G – 5% Increase
  • Plan N – 5% Increase

Aetna Health (effective 2/1/2021)

  • Plan A – 4% Increase
  • Plan B – 4% Increase
  • Plan F – 8% Increase
  • Plan HiF – 4% Increase
  • Plan G – 8% Increase

Virginia

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 5% Increase
  • Plan F – 5% Increase
  • Plan G – 5% Increase
  • Plan N – 5% Increase

Wyoming 

American Continental (effective 3/1/2021)

  • Plan F – 8% Increase
  • Plan G – 8% Increase
  • Plan N – 2% Increase

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Bankers Fidelity Rate Revision for Colorado and Virginia

Effective February 1, 2021, a rate revision will apply to Plans A, F, G and K for the B 21092 Preferred and Standard Medicare Supplement products with Bankers Fidelity Life Insurance Company® in Colorado. 

  • Plan A – 12% Increase
  • Plan F – 12% Increase
  • Plan HiF – 0% Increase
  • Plan G – 12% Increase
  • Plan K – 9% Increase

Effective February 1, 2021, a rate revision will apply to Plans A, F and G for the B 21092 Preferred and Standard Medicare Supplement products with Bankers Fidelity Life Insurance Company® in Virginia.

  • Plan A – 15% Increase
  • Plan F – 15% Increase
  • Plan HiF – 0% Increase
  • Plan G – 15% Increase
  • Plan K – 0% Increase

The updated outlines of coverage will be available in the ADDS® library on February 1, 2021.

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Lumico – Rate Adjustment in Maryland & Pennsylvania

A rate adjustment for the following state has been approved for March 1, 2021:

Maryland 

  • Plan A – 5% Increase
  • Plan F – 0% Increase
  • Plan G – 2% Increase
  • Plan N – 0% Increase

Pennsylvania

  • Plan A – 2% Increase
  • Plan B – 2% Increase
  • Plan F – 0% Increase
  • Plan G – 2% Increase
  • Plan N – 4% DECREASE

Please refer to the points below to determine which rates should be applied.

  • Any application dated on or after February 1, 2021, requesting a policy effective date before March 1, 2021, will receive the current rates.
  • Any application dated on or after February 1, 2021 requesting an effective date of March 1, 2021 or after  will receive the new 3-1-21 rates.
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Upcoming Medicare Supplement Rate Increase for Iowa

The following rate adjustments are effective March 1, 2021 for New and In-Force 2010 Modernized Medicare Supplement:

 

Iowa (United World)

  • Plan A – 0% Increase
  • Plan F – 9% Increase
  • Plan HiF – 0% Increase
  • Plan G – 4% Increase
  • Plan HiG – 0% Increase
  • Plan N – 5% Increase

 

What does Anniversary Rating mean for your client?

All Mutual of Omaha and its affiliates’ Medicare supplement policies are anniversary rated. Many Medicare supplement policies have yearly adjustments based on age along with necessary adjustments due to medical trends and/or cost. While these adjustments may occur at different times during the year, with anniversary rating your client experiences only one adjustment per year. That adjustment occurs on the anniversary date of their policy and is a combination of any rate adjustments that may have occurred since their last adjustments.

Notifications

If you have clients affected by these rate adjustments, you will receive notification via email with a link when your Summary of Rate Adjustment Action report is available to view on Sales Professional Access (SPA). The report will provide complete details. Letters of the premium changes to your current policyholders will mail shortly.

If you have questions, please call Sales Support at (800) 693-6083

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Medicare Supplement Rate Adjustment for Multiple States:

The following rate adjustments are effective March 1, 2021 for new and in-force business in:

Alabama

  • Plan A – 8% Increase
  • Plan C – 8% Increase
  • Plan F – 0% Increase
  • Plan G – 8% Increase
  • Plan N – 6% Increase

Iowa

  • Plan A – 8% Increase
  • Plan C – 8% Increase
  • Plan F – 0% Increase
  • Plan G – 8% Increase
  • Plan N – 6% Increase

Idaho

  • Plan A – 7% Increase
  • Plan C – 7% Increase
  • Plan F – 2% Increase
  • Plan G – 7% Increase
  • Plan N – 7% Increase

Illinois 

  • Plan A – 7% Increase
  • Plan C – 7% Increase
  • Plan F –  5% Decrease
  • Plan G – 7% Increase
  • Plan N – 5% Increase

Kansas

  • Plan A – 7% Increase
  • Plan C – 7% Increase
  • Plan F – 2% Increase
  • Plan G – 7% Increase
  • Plan N – 5% Increase

Michigan

  • Plan A – 4% Increase
  • Plan C – 4% Increase
  • Plan F – 2% Increase
  • Plan G – 4% Increase
  • Plan N – 4% Increase

Nebraska

  • Plan A – 7% Increase
  • Plan C – 7% Increase
  • Plan F – 0% Increase
  • Plan G – 7% Increase
  • Plan N – 5% Increase

Nevada

  • Plan A – 7% Increase
  • Plan C – 7% Increase
  • Plan F – 0% Increase
  • Plan G – 7% Increase
  • Plan N – 7% Increase

Tennessee 

  • Plan A – 6% Increase
  • Plan C – 6% Increase
  • Plan F – 0% Increase
  • Plan G – 6% Increase
  • Plan N – 6% Increase

Texas

  • Plan A – 4% Increase
  • Plan C – 4% Increase
  • Plan F – 0% Increase
  • Plan G – 4% Increase
  • Plan N – 4% Increase

Virginia

  • Plan A – 7% Increase
  • Plan C – 7% Increase
  • Plan F – 3% Increase
  • Plan G – 7% Increase
  • Plan N – 7% Increase

 

Please refer to the points below to determine which rates should be applied:

  • All Medicare Supplement applications dated before February 1, 2021, regardless of effective date, will receive the current rates.
  • Any application dated on or after February 1, 2021, requesting a policy effective date before March 1, 2021, will receive the current rates.
  • Any application dated on or after February 1, 2021 requesting an effective date of March 1, 2021 or after will receive the new 3-1-21 rates.
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Upcoming Medicare Supplement Rate Increase for Multiple States

Rates were adjusted in Oklahoma on 01/01/2021. Rates will be adjusted in Alabama, Arkansas, Illinois, Iowa, Kentucky, Maryland, Nebraska, North Carolina, Texas, Utah, South Carolina, and West Virginia on 03/01/2021.

Premium rates are guaranteed for the first year a policy is in force. Letters to existing policyholders whose policies have been in force for more than one year will be mailed from Atlantic Coast’s home office and will explain that rate increases will take effect after the required notification period has been met.

All New Business applications signed and dated before or on the day prior to effective dates should use the current premiums. Applications signed and dated on or after each state’s respective effective date must use the new premium rates.

Agents may download the new Outline of Coverage located in the “Product Forms” section of Atlantic Coast’s Agent Portal on the effective dates. Printed versions will be available within the next couple of weeks.

See below for specific state rate changes:

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Upcoming Medicare Supplement Rate Increase for Nevada

The following rate adjustments are effective April 1, 2021 for New and In-Force 2010 Modernized Medicare Supplement:

 

Nevada (United World)

  • Plan A – 6% Increase
  • Plan F – 15% Increase
  • Plan HiF – 6% Increase
  • Plan G – 12% Increase
  • Plan HiG – 6% Increase
  • Plan N – 6% Increase

 

What does Anniversary Rating mean for your client?

All Mutual of Omaha and its affiliates’ Medicare supplement policies are anniversary rated. Many Medicare supplement policies have yearly adjustments based on age along with necessary adjustments due to medical trends and/or cost. While these adjustments may occur at different times during the year, with anniversary rating your client experiences only one adjustment per year. That adjustment occurs on the anniversary date of their policy and is a combination of any rate adjustments that may have occurred since their last adjustments.

Notifications

If you have clients affected by these rate adjustments, you will receive notification via email with a link when your Summary of Rate Adjustment Action report is available to view on Sales Professional Access (SPA). The report will provide complete details. Letters of the premium changes to your current policyholders will mail shortly.

If you have questions, please call Sales Support at (800) 693-6083

Request More Information
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Medicare Supplement Rate Adjustment for Pennsylvania and Virginia

The following rate adjustments are effective February 1, 2021 for new and in-force business in:

Pennsylvania

  • Plan A – 5% Increase
  • Plan B – 5% Increase
  • Plan F – 5% Increase
  • Plan G – 5% Increase
  • Plan N – 0% Increase

Virginia

  • Plan A – 4% Increase
  • Plan F – 5% Increase
  • Plan G – 4% Increase
  • Plan N – 0% Increase

Applications signed on or before December 31, 2020 will receive the current rates.
Applications signed on January 1, 2021, or later,  will receive the new 2-1-21 rates.
Applications re-dated on or after January 1, 2021 will receive the new 2-1-21 rates.

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Medicare Supplement Adjustments in Delaware

Effective January 1, 2021, Americo will be making the following rate changes to Great Southern Life (GSL) Plans A, F, G, and N in Delaware. Age banding on Plan G will change to ages 65 – 70. Additionally, the Household Discount has been increased to 14%.

Delaware

  • Plan A – 8.5% Increase
  • Plan F – 0% Increase
  • Plan G – 6.5% Increase
  • Plan N – (-4%) DECREASE

 

For existing policies, the rate increase will not occur until the policy anniversary date. On new policies, these rate changes will apply to all applications signed on or after January 1, 2021.

Updated application packets are available for download on Americo.com. For quick access to state approvals, rates, and materials, go to AmericoMedSup.com.

If you have any questions, or if we can be of assistance, please contact Agent Services at 800.231.0801 or agent.services@americo.com

 

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Medicare Supplement Rate Increase in Multiple States

Individual Medicare Supplement policies current available in the following states have upcoming rate adjustments: 

Arizona

Aetna Health & Life (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F –  8% Increase
  • Plan G – 4% Increase
  • Plan N – 0% Increase

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 5% Increase
  • Plan B – 5% Increase
  • Plan F –  5% Increase
  • Plan G – 5% Increase
  • Plan N – 5% Increase

Georgia

Aetna Health (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F –  8% Increase
  • Plan G – 8% Increase
  • Plan N – 8% Increase

Accendo Life (CVS Health) (effective 3/1/2021)

  • Plan A – 2% Increase
  • Plan F –  2% Increase
  • Plan G – 2% Increase
  • Plan N – 2% Increase

Idaho

Aetna Health & Life (effective 2/1/2021)

  • Plan A – 6% Increase
  • Plan B – 6% Increase
  • Plan F –  6% Increase
  • Plan HiF – 6% Increase
  • Plan G – 6% Increase
  • Plan N – 6% Increase

Nevada

Continental Life (effective 3/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F –  8% Increase
  • Plan G – 8% Increase
  • Plan N – 8% Increase

Rhode Island

Continental Life (effective 2/1/2021)

  • Plan A – 5% Increase
  • Plan B – 5% Increase
  • Plan F –  5% Increase
  • Plan G – 5% Increase
  • Plan N – 0% Increase

Texas

Aetna Health (effective 2/1/2021)

  • Plan A – 4% Increase
  • Plan B – 4% Increase
  • Plan F –  8% Increase
  • Plan HiF – 4% Increase
  • Plan G – 8% Increase
  • Plan N – 0% Increase

Utah

Aetna Health and Life (effective 2/1/2021)

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F –  8% Increase
  • Plan HiF – 6% Increase
  • Plan G – 8% Increase
  • Plan N – 8% Increase

 

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Rate Revision for Delaware

Effective January 1, 2021, a rate revision will apply to Plans A, F, G and K for the B 21092 Preferred and Standard Medicare Supplement products with Bankers Fidelity Life Insurance Company® in Delaware. Please refer to the list below:

Delaware

  • Plan A – 15% Increase
  • Plan F – 15% Increase
  • Plan G – 15% Increase
  • Plan K – 9% Increase

The outline of coverage for Delaware BFLIC has been updated with the new rates and will be available in the ADDS® library on January 1, 2021.

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Medicare Supplement Rate Increase in New Hampshire and Oklahoma

Aetna Health and Life Insurance Company has received approval for a rate adjustment on individual Medicare Supplement policies currently available in New Hampshire and Oklahoma, effective January 1, 2020.

New Hampshire

Aetna Health & Life

  • Plan A – 8% Increase
  • Plan B – 8% Increase
  • Plan F –  7% Increase
  • Plan G – 7% Increase
  • Plan N – 7% Increase

Accendo Life (CVS Health)

  • Plan A – 2% Increase
  • Plan F –  2% Increase
  • Plan G – 2% Increase
  • Plan N – 2% Increase

 

Oklahoma

Aetna Health

  • Plan A – 2% Increase
  • Plan F –  2% Increase
  • Plan G – 2% Increase
  • Plan N – 2% Increase

Accendo Life (CVS Health)

  • Plan A – 6% Increase
  • Plan F –  6% Increase
  • Plan G – 6% Increase
  • Plan N – 6% Increase

 

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Medicare Supplement Rate Adjustment in Multiple States

Starting November 1, 2020, American Retirement Life Insurance Company will implement the following rate adjustments for Medicare Supplement policies in:

Alabama

  • Plan A – 6.5% increase
  • Plan F – 6.5% increase
  • Plan G – 11.4% increase
  • Plan N – 8.1% increase

 

Arizona

  • Plan A – 6.5% increase
  • Plan F – 6.5% increase
  • Plan G – 6.5% increase
  • Plan N – 6.5% increase

 

West Virginia

  • Plan A – 8% increase
  • Plan F – 8% increase
  • Plan G – 15% increase
  • Plan N – 8% increase

 

Starting December 1, 2020, American Retirement Life Insurance Company will implement the following rate adjustments for Medicare Supplement policies in:

Kansas

  • Plan A – 12% increase
  • Plan F – 12% increase
  • Plan G – 12% increase
  • Plan N – 12% increase

 

Nebraska

  • Plan A – 15% increase
  • Plan F – 15% increase
  • Plan G – 15% increase
  • Plan N – 15% increase

 

Starting January 1, 2021, American Retirement Life Insurance Company will implement the following rate adjustments for Medicare Supplement policies in:

Mississippi

  • Plan A – 9% increase
  • Plan F – 9% increase
  • Plan G – 0% increase – rate hold!
  • Plan N – 9% increase

 

Starting November 1, 2020, Cigna Health and Life Insurance Company will implement the following rate adjustments for Medicare Supplement policies in:

Connecticut

  • Plan A – 13% increase
  • Plan F – 13% increase
  • Plan G – 7.1% increase
  • Plan N – 6.5% increase

 

Kansas

  • Plan A – 12% increase
  • Plan F – 12% increase
  • Plan G – 12% increase
  • Plan N – 8.7% increase

 

Texas

  • Plan A – 10% increase
  • Plan F – 13% increase
  • Plan G – 13% increase
  • Plan N – 6.5% increase

 

Starting December 1, 2020, Cigna Health and Life Insurance Company will implement the following rate adjustments for Medicare Supplement policies in:

Illinois

  • Plan A – 13% increase
  • Plan F – 13% increase
  • Plan G – 11% increase
  • Plan N – 6.5% increase

 

Kentucky

  • Plan A – 13% increase
  • Plan F – 13% increase
  • Plan G – 6.5% increase
  • Plan N – 6.5% increase

 

Mississippi

  • Plan A – 8% increase
  • Plan F – 8% increase
  • Plan G – 8% increase
  • Plan N – 7.7% increase

 

Starting January 1, 2021, Cigna Health and Life Insurance Company will implement the following rate adjustments for Medicare Supplement policies in:

Georgia

  • Plan A – 12% increase
  • Plan F – 12% increase
  • Plan G – 12% increase
  • Plan N – 12% increase

Cigna offers a variety of products to fit your clients’ needs.  

Make sure to check out the Product Availability Chart to see what else Cigna has to offer!

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Rate Revision for Texas BFAC

Effective November 1, 2020, a rate revision will apply to Plans A, U65 A and G for the B 21492 Preferred and Standard Medicare Supplement products with Bankers Fidelity Assurance Company® in Texas. Please refer to the list below:

Texas

  • Plan A – 10% Increase
  • Plan A (Under 65) – 15% Increase
  • Plan G – 19.6% Increase

The updated outlines of coverage will be available in the ADDS® library on November 1, 2020.

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Medico Medicare Supplement Rate Increase in Pennsylvania

Rate change for Medico Corp Life Insurance Company’s Medicare Supplement policy series in Pennsylvania will be effective Dec. 1, 2020. The rate adjustment will be implemented for renewals and new issues with an application date of Dec. 1, 2020, or later. Applications dated before Dec. 1, 2020, will use the previous rates, even if the policy has a future effective date.

  • Plan A – 7% Increase
  • Plan B – 7% Increase
  • Plan F – 13% Increase
  • Plan HiF – 7% Increase
  • Plan G – 13% Increase
  • Plan N – 7% Increase

 

An updated rate guide PDF will be available Nov. 15, 2020, on the Medico Information Center (MIC) website, mic.GoMedico.com.

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