Transamerica Premier Life Insurance Company “TPLIC” will be implementing new Medicare Supplement insurance premium rate changes for new sales and inforce policies. The policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. The following are the states that will be impacted.
| State | Plan | Adjusted Percentage | Upload Date | New Rate Effective Date | |
| Kansas | A, F G N |
9% increase 0% unchanged 20% decrease |
3/22/2017 | 5/1/2017 | |
| Missouri | A, F, N G |
3.9% increase 0% unchanged |
3/22/2017 | 5/1/2017 | |
| New Jersey | A, C, F G N |
6% increase 0% unchanged 20% decrease |
3/22/2017 | 5/1/2017 | |
| Pennsylvania | A, B, G F N |
0% unchanged 9% increase 15% decrease |
3/22/2017 | 5/1/2017 | |
Three Scenarios to consider
- Applications submitted and placed prior to new rate upload date with any future effective date will receive the current rates for the first year and then will receive the rate change at the end of the 12-month guarantee period.
- Applications submitted and placed on or after the new rate upload date, prior to the effective date will receive the current rates for the first year and then will receive the rate change at the end of the 12-month guarantee period.
- Applications submitted and placed on or after the new rate upload date, beyond the effective date will receive the new premium rates.
Medicare Supplement Insurance Premium Rate Changes
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