When you first choose a Medicare Supplement (also called Medigap), the peace of mind it provides is priceless. You know you can see any doctor that takes Medicare, avoid surprise bills, and skip referrals. But then, a year or two later, you may notice something unsettling—your premium has gone up.

If you’ve ever wondered why does my Medicare Supplement rate increase?—you’re not alone. Let’s break it down.

Why Do Rates Go Up?

Insurance companies review their pricing every year. With Medicare Supplements, rate changes are driven by:

• Medical inflation – The overall cost of healthcare continues to rise.

• Age rating – Depending on how your state and carrier calculate premiums, your price may increase as you get older.

• Claims experience – If more people on your plan file larger claims than expected, rates can be adjusted to keep the plan sustainable.

How Medicare Supplement Plans Are Rated

Not all plans are priced the same way. In fact, this is one of the most misunderstood parts of Medigap coverage.

• Attained-Age Rated – Your premium starts lower but increases as you age.

• Issue-Age Rated – Your premium is based on the age you were when you bought the policy. It won’t increase because you get older, but it may still rise due to inflation or claims.

• Community-Rated – Everyone in the plan pays the same rate, no matter their age.

In Florida, Medicare Supplements are entry-age rated—so the age you enroll sets your starting point.

What You Can Do About Rising Premiums

You don’t have to sit back and accept every increase without a plan. Here are options:

• Shop carriers – Benefits for a Plan G are the same across carriers, but the premiums aren’t.

• Look for discounts – Many companies offer household or other savings.

• Review your health status – If you’re healthy, you may qualify for a lower premium through underwriting.

Bottom Line

Rate increases are normal—but that doesn’t mean you’re stuck. Medicare is complicated, but you don’t have to navigate it alone.

📞 Call our team at 904-654-5450 or visit www.merebenefits.com to see if there’s a smarter way to keep the coverage you love without overpaying.

Next Step: Check out our blog on Medicare Supplement Open Enrollment to learn why timing matters when choosing your plan.

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