by csgadmin | Apr 11, 2025 | CSG Actuarial News, Insurance Industry, Medicare Supplement
The CSG Actuarial Premium Rate Scorecard™ provides an overall premium rate competitiveness ranking by company across all states, plans, ages, genders, households, and zip codes, based on actual Medicare Supplement quotes completed on CSG Actuarial’s Market Advisor...
by csgadmin | Apr 11, 2025 | CSG Actuarial News, Insurance Industry, Medicare Supplement
As reported by CSG Actuarial last week, the 2024 Medicare Supplement overall market loss ratio increased slightly to 84.3%, as carriers continued to attempt to catch premium rate levels up to the post-Covid claim utilization rates. Within the overall Medicare...
by csgadmin | Apr 9, 2025 | Insurance Industry, Medicare, Medicare Supplement
Medicare Supplement regulatory changes will soon be effective in Virginia and Utah.Medicare Supplement Changes Coming for Virginia and Utah Virginia Effective July 1, 2025, insurers must offer Medicare Supplement policyholders an annual open enrollment period...
by csgadmin | Apr 3, 2025 | CSG Actuarial News, Insurance Industry, Medicare, Medicare Supplement
CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2024 totaled $39.1 billion, a 6.4% increase over 2023. A few other notes of interest: The total Medicare Supplement...
by csgadmin | Apr 3, 2025 | Life Insurance, Medicare, Medicare Supplement
The Medicare Supplement market continues to experience higher claims, and carriers are attempting to mitigate the higher loss ratios by pursuing larger rate increases. Throughout 2024 rate increases trended up from 2023 levels. Now, results through the first quarter...
by csgadmin | Apr 1, 2025 | CSG Actuarial News, Insurance Industry, Medicare, Medicare Supplement
CompanyDateRate IncreaseComments AARP - UnitedHealthcare Insurance Company 6/1/202512.1%Varies by state & plan AARP - UnitedHealthcare Insurance Company of America 6/1/2025 - 8/1/202512.6%Illinois, North Dakota & Ohio Aetna Health and Life Insurance Company...
