Texas Medigap Insurance Rate Changes

Texas Medigap Insurance Rate Changes 

Medigap Plans rates can change every year and most do if they are Attained-Age-Rated Policies. There are two other types of plans Community-rated (also called No-Age-Rated) and Issue-Age-Rated Policies. Below is what type of pricing you can expect.

Type of pricing How it’s priced What pricing may mean for you Examples
Community-rated (also called No-Age-Rated) The same monthly premium is charged to everyone who has the Medigap policy, regardless of age. Premiums are the same no matter how old you are. Premiums may go up because of inflation and other factors.

Mr. Smith is 65. He buys a Medigap policy and pays a $165 monthly premium.


Mrs. Perez is 72. She buys the same Medigap policy as Mr. Smith. She also pays a $165 monthly premium because with this type of policy, everyone pays the same price, regardless of age.

Issue-Age-Rated Policies The premium is based on the age you are when you buy (are “issued”) the Medigap policy. Premiums are lower for younger buyers and won’t change as you get older. Premiums may go up because of inflation and other factors.

Mr. Han is 65. He buys a Medigap policy and pays a $145 monthly premium.


Mrs. Wright is 72. She buys the same Medigap policy as Mr. Han. Since she is older at the time she buys it, her monthly premium is $175.

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Attained-Age-Rated Policies The premium is based on your current age (the age you have “attained”) so your premium goes up as you get older. Premiums are low for younger buyers, but go up as you get older and can eventually become the most expensive. Premiums may also go up because of inflation and other factors.

Mrs. Anderson is age 65. She pays a $120 monthly premium. Her premium will go up every year.

  • At age 66, her premium goes up to $126
  • At age 67, her premium goes up to $132
  • At age 72, her premium goes up to $165

Mr. Dodd is age 72. He buys the same Medigap policy as Mrs. Anderson. He pays a $165 monthly premium. His premium is higher than Mrs. Anderson’s because it is based on his current age. Mr. Dodd’s premium will go up every year.

  • At age 73, his premium goes up to $171
  • At age 74, his premium goes up to $177Now that you understand what might make your rate rise here are some of the rate changes in Texas on some of the top companies

Texas Medigap rate changes

 

Now that you understand what might make your Texas Medigap plan rates change, Here are some of the rate changes in Texas based on a woman that’s the age of 69 in Texas zip code 75169 city Wills Point.

Company Year A B C D F F (high) G K L M N
Aetna Life Insurance Company 2013 -14.0% -14.0% -14.0% 0% -14.0% 0% 5.0% 0% 0% 0% 5.0%
Aetna Life Insurance Company 2014 8.0% 8.0% 8.0% 0% 8.0% 0% 8.0% 0% 0% 0% 8.0%
Aetna Life Insurance Company 2015 9.0% 9.0% 9.0% 0% 9.0% 0% 9.0% 0% 0% 0% 0.0%
BlueCross BlueShield of Texas 2013 0% 0% 0% 0% -0.6% 0% 1.4% 0.0% 0.0% 0% 1.7%
BlueCross BlueShield of Texas 2013 5.5% 0% 0% 0% 4.1% 3.1% 3.3% 3.0% 3.4% 0% 3.5%

Didnt see a company you wanted to know the rate changes on? Here at 1-800-Medigap we have all the top Medigap compaines rates. You can reach me at (475) 88CARLY

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By MEDIGAP on Incline