{"id":1652,"date":"2021-09-15T15:03:33","date_gmt":"2021-09-15T22:03:33","guid":{"rendered":"https:\/\/derendingerins.com\/medicarehealthplans\/?p=1652"},"modified":"2022-10-13T21:17:12","modified_gmt":"2022-10-14T04:17:12","slug":"my-medicare-supplement-is-getting-more-expensive","status":"publish","type":"post","link":"https:\/\/derendingerins.com\/medicarehealthplans\/2021\/09\/15\/my-medicare-supplement-is-getting-more-expensive\/","title":{"rendered":"My Medicare Supplement Is Getting More Expensive"},"content":{"rendered":"

I finally understand why my Medicare Supplement is getting more expensive. \u00a0In the beginning (age 65), most California plans are under $150 per month. \u00a0Yet, if you do not take action, it will continue to increase and your smiles will turn to frowns as you get older.<\/p>\n

A Common Example<\/h2>\n

My 85 year-old mother switched Medicare Supplement (medigap) insurance companies and saved $75 per month for the same plan<\/em>! \u00a0So, why is my Medicare Supplement getting more expensive? \u00a0In my opinion, the three biggest culprits are below:<\/p>\n

3 Biggest Reasons Your \u00a0Medicare Supplement is getting more expensive<\/h1>\n
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  1. You purchased a medigap plan that is based on an “Attained Age” pricing methodology, rather than a community rated model. \u00a0Therefore, rates go up as you get older.<\/li>\n
  2. Medicare (CMS) annually increases Medicare Part A and Part B deductibles, coinsurance, and copayments. \u00a0The annual increased copayment responsibility is passed through to your Medicare Supplement (medigap) plan, which of course adjusts rates to offset the higher costs.<\/li>\n
  3. General medical inflation.<\/li>\n<\/ol>\n

    Excerpt from Medicare’s (CMS) “Guide To Choosing A Medigap Policy”<\/h2>\nMedigap Basics- Medigap Pricing Methodology- p 18<\/a>\n

    Are Medicare Supplements Really All The Same?<\/h1>\n

    Many Medicare Supplement (medigap) plans are excellent, but they are not all the same. \u00a0So if<\/p>\n

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    Subscribe to our Newsletter<\/p><\/div>\n

    your Medicare Supplement is getting more expensive, research if your policy was filed with the State of California as Attained Age<\/strong> or\u00a0Community Rated<\/strong>, as depicted above. \u00a0Rather than do all the research yourself, find a trusted local independent agent<\/a><\/strong> who represents many plans. \u00a0Let the agent do the work, because it costs you nothing.<\/p>\n

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