May, 2006

Attained-age. This means the medicare supplement rate increases as you get older. This may be each year or every 5 years (at age 70, 75, 80, etc.) for example. Often medicare supplement rate increases are very modest, like just $4 per year as you get older. Another component to rate increases is inflation. Companies sometimes adjust rates to address the rising cost of health insurance as well as inflation in the marketplace. Medicare supplements are also sold as issue-age policies. This...