Policy price for attained & issued age - medicare supple

by Guest » Thu Dec 27, 2012 11:17 am
Guest

Insurance policies are rated on attained age or issued age? In respect to that, how medicare supplements are priced?

Total Comments: 2

Posted: Fri Dec 28, 2012 01:00 pm Post Subject:

I'm expecting replies from MaxHerr. I thought he would explain, since he asked me to create the new thread which i did.

Posted: Sun Dec 30, 2012 06:04 am Post Subject:

My apologies for the delayed response, but I was involved in a policy analysis and report all day on Friday 12-28.

Medicare Supplement insurance is also "age-rated" -- the premium for a specific plan will be based on the insured's attained age, and coverage may be declined based on prior health issues -- unless a person applies for the coverage during the first six months following enrollment in Medicare Part B, in which case they may not be declined, but could be rated substandard.

For many people, choosing a Medicare Advantage HMO or PPO is a more beneficial option. The cost is far lower (as low as $0), and the benefits are far superior. Speak to a local agent about the plans available in your area. If you are in California, you could also speak to me.

Add your comment

Image CAPTCHA
Enter the characters shown in the image.