Rate adjustments have been approved for individual Medicare Supplement plans in Delaware (AHLIC), Indiana (CLI), and West Virginia (AHLIC) effective February 1, 2017.
New Business Guidelines for Medicare Supplement Rate Adjustments (Open Block) on Medicare Supplement plans underwritten by:
- Aetna Health and Life Insurance Company (AHLIC)
- American Continental Insurance Company (ACI)
- Continental Life Insurance Company of Brentwood, Tennessee (CLI)
The date the applicant signs an application (application signature date) AND the policy effective date determine which rates to apply to your new business. Instructions on how to apply a rate change to NEW applications are provided in the table within the announcement.
All currently marketed Aetna Medicare Supplement plans offer a 12-month rate guarantee. For existing policyholders affected by a rate adjustment, the change will become effective on the policyholder’s next policy anniversary date that occurs on or after the rate change effective date. Rate change notices are sent to existing policyholders in accordance to the state’s policyholder notification period.
Please note that the Outline of Coverage on the E-App tool will not have the revised rates until approximately 30 days before the rate change goes into effect. You can access the revised Outline of Coverage via links in the table within the announcement.
For full details, click the link below:
Aetna Medicare Supplement Rate Changes: DE, IN, WV