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In the discussion thread: Medicare supplement experts here? [View all]

Response to Eliot Rosewater (Original post)

Fri Dec 10, 2021, 10:46 PM

15. No they can't increase premium based on your new diagnosis BUT

It behooves everyone to do the math and project as best they can, what their premiums for Supplement will be as you get older.

Let's say at 65 you start at $130 a month for the premium. Every year that premium goes up based on either a age-based or a community-based policy; and, many companies, like UHC gives you a big "discount" that begins going away when you turn 71. Essentially, this is an age-based premium increase disguised as discount reductions.

For me, doing the math based on the local historical community increases, and factoring in the discount reductions beginning at 71, my premium that was $130 at 65 will be about $338 a month at 80, $411 at 85 and $484 at 90.

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Replies to this discussion thread
Arrow 15 replies Author Time Post
Eliot Rosewater Oct 2021 OP
NewHendoLib Oct 2021 #1
Eliot Rosewater Oct 2021 #6
snowybirdie Oct 2021 #2
Eliot Rosewater Oct 2021 #7
SheltieLover Oct 2021 #3
Eliot Rosewater Oct 2021 #8
SheltieLover Oct 2021 #10
Eliot Rosewater Oct 2021 #12
Blue Dawn Oct 2021 #4
Eliot Rosewater Oct 2021 #5
Blue Dawn Oct 2021 #9
Eliot Rosewater Oct 2021 #11
Blue Dawn Oct 2021 #13
csziggy Oct 2021 #14
LineNew Reply No they can't increase premium based on your new diagnosis BUT
dwayneb Dec 2021 #15
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