About Premium Rate Increases

How Premium Rates Increase

Medicare insurance companies adjust their premium rates each year in North Carolina. The North Carolina Department of Insurance (NCDOI) approves rates after a careful review of each company’s claims data. The following reasons are used by most companies to justify a rate increase:

  1. Age change, age band change or a change in the premium discount percentage
  2. Overall claims experience
  3. Medical claims trends
  4. Any changes in the Medicare Part A and Medicare Part B deductibles

Medicare Supplement Insurance Helpline: 1-800-290-6188

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