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

An Official North Carolina Senior Citizens Association Website

The North Carolina Senior Citizens Association (NCSCA) is a nonprofit association chartered by the state of North Carolina in 1977. NCSCA does not endorse any insurance company. The information contained herein is to be used for general information purposes only. Nothing contained herein constitutes an application for insurance with any specific insurance company. The rates shown are provided as a public service and not intended as an endorsement for any particular company. Final rates quoted can only be confirmed by a licensed agent and approved by the appropriate insurance company. NCSCA Medicare Advisors are licensed agents and can provide free, objective information about Medicare Supplement insurance plans and Medicare Prescription Drug Plans. Royalty fees are paid to NCSCA for the use of its intellectual property from various companies. These fees are used for the general purposes of NCSCA. Insurance company names and logos are presented to represent a broad overview of some Medicare Supplement companies and are not an endorsement of any specific company. All rights reserved. Not connected with or endorsed by the United States Government or the federal Medicare Program.

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