The new business Medicare Supplement rate increases being implemented by carriers continue to decline in 2013 to the lowest levels since the switch to Modernized plans in June 2010. As of November 2013, the rate increases implemented over the past 12 months average less than 5%, down from 7.2% and 8.4% over the preceding 12 month periods. Lower overall Medicare utilization has continued to drive lower Medicare Supplement claim trends and carriers are recognizing this trend by implementing lower rate revisions.
About CSG Actuarial
CSG Actuarial is a leading provider of actuarial and competitive information for supplemental products. CSG has more than 50 years of actuarial experience with pricing, product development and competitive intelligence within the Medicare Supplement, Critical Illness, Cancer, Final Expense, and Hospital Indemnity markets. Call 855-861-8776 or email email@example.com to learn more.