As you are aware, MedAmerica is currently in the process of raising rates on the CareDirections Simplicity® product line. This rate action does not affect Simplicity ii. This notice is to inform agents that they have received approval from Michigan & South Dakota, and are implementing the rate increase activity in those states. This is the only notification agents will receive regarding this rate action.
MedAmerica will mail notification of the rate increase to affected insureds on April 29, 2016. Following the state required notification timeframe, the new premium amount will be effective as of the insured’s next billing date.
For the press release, including percentages of increase based on age and instructions for accessing a list of impacted clients, Click Here.