New Med Supp Regulations (Texas and Minnesota) | CSG Actuarial
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New Medicare Supp laws TX, MN
- Thread starter Millwood
- Start date
www.csgactuarial.com
TX . . .
An entity that offers coverage under a Med Supp plan to individuals over 65 must offer the same coverage to individuals under 65 who are eligible for and enrolled in Medicare by reason of end-stage renal disease or amyotrophic lateral sclerosis.
. A standardized Plan A, Plan B, or Plan D Med Supp benefit plan must be offered at the same premium rate charged for the plan to an individual 65 years of age. A premium rate for a Med Supp benefit plan, other than Plan A, Plan B, or Plan D, may not exceed 200% of the premium rate charged for the same plan to an individual 65 years of age.
How many Medigap carriers will just withdraw from the market?
An entity that offers coverage under a Med Supp plan to individuals over 65 must offer the same coverage to individuals under 65 who are eligible for and enrolled in Medicare by reason of end-stage renal disease or amyotrophic lateral sclerosis.
. A standardized Plan A, Plan B, or Plan D Med Supp benefit plan must be offered at the same premium rate charged for the plan to an individual 65 years of age. A premium rate for a Med Supp benefit plan, other than Plan A, Plan B, or Plan D, may not exceed 200% of the premium rate charged for the same plan to an individual 65 years of age.
How many Medigap carriers will just withdraw from the market?
There is a huge effect already on the market, I have clients with 50% increases,, Just spoke to a guy who went up from $178 to $302 and another who went up from $135 to $203
and worse when I go to shop some of these they are in line with the other carriers in the area at this time
and worse when I go to shop some of these they are in line with the other carriers in the area at this time
