Paul Sanchez
AARP Medicare Supplement Insurance plans are insured by UnitedHealthcare Insurance Company, and are available to persons under 65 who are eligible for Medicare due to disability or End-Stage Renal Disease. AARP Medicare Advantage Members have reported that they like being able to choose their own doctor, and that most doctors they knew were part of the UnitedHealthcare system. AARP Medicare Supplement Insurance plans have been criticised for their annual rate increases, which occur in the summer, and which increase as the insured person ages.
| Characteristics | Values |
|---|---|
| Rate Change Frequency | Annually, twice a year, or mid-year |
| Rate Change Dates | April 1st, July 1st, or June 1st |
| Rate Change Reasons | Inflation, age, or product updates |
| Rate Change Flexibility | Can switch plans at any time without waiting for an enrollment period |
| Age-Related Rate Increases | Applicable until 81 years old, with discounts from 65-82 years old |
| Membership Requirements | Must be an AARP member to enroll in a Medicare Supplement Insurance plan |
| Membership Cost | $15 for the first year with automatic renewal |
| Additional Costs | May require separate drug and dental insurance plans |
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What You'll Learn
Annual rate hikes in the summer
AARP supplemental insurance rates can change with age, and there are annual rate hikes in the summer. AARP Medicare Supplement Insurance Plans are insured by the UnitedHealthcare Insurance Company of America.
The rates provided apply only to the effective date requested and are based on the information previously entered. The actual rate is determined upon acceptance and based on the answers to the application form. All rates are subject to change, and any rate changes will apply to all members of the same class insured under the plan in the same state or area.
AARP UHC Medigap/Supplement plans have annual rate updates every July, and rates increase with age. There are also plan rate increases implemented on April 1st and July 1st each year. For example, in 2024, a user reported that their UHC Medigap Plan G premium increased by 8% initially, and then by another 15% effective 4/1/24. This is in line with the two rate increases per year, one for the adjusting rate on June 1st and one for the age increase.
Another user reported that their husband's monthly premium increased from $185 to $388 from age 67 to 79. These annual rate hikes can be a significant consideration when deciding on insurance plans.
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Rate increases with age
AARP supplemental insurance rates do change with age. A user on the AARP community forum reported that their premium increased by 8% in 2024, and then by another 15% in the same year. They were informed that there would be two rate increases each year, one for the adjusting rate on June 1st, and one for the age increase. Another user on the same forum reported that their husband's premium increased from $185 per month at age 67 to $388 per month at age 79.
The rate increases with age, but there are exceptions. If you are between the ages of 65 and 68, there is no age increase. If you are over 81, there will be no further age increases (although BCBS continues to increase rates until age 100). In some states, the cost of the plan cannot increase due to age after 82. At 65, you get a 45% discount, and the discounts from 65 to 82 are disclosed by UHC.
AARP supplemental insurance plans have annual rate updates, and these can occur in the summer. Some sources state that the rate increases happen on April 1st and July 1st each year.
It is important to note that the rates provided are based on the effective date requested and the information provided by the applicant. The actual rate will be determined upon acceptance. All rates are subject to change, and rate changes will apply to all members of the same class insured under the same plan in the same state/area.
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Rate increases for inflation
AARP supplemental insurance rates are subject to change and may increase with age. While the rates provided apply to the effective date requested and are based on the information entered, the actual rate is determined upon acceptance and can be adjusted based on the application form.
In one instance, a user reported that their UHC Medigap Plan G premium increased by 8% in 2024, followed by another 15% increase effective April 1st, 2024. This resulted in a total premium increase of 23% within the same year. It is important to note that the inflation rate during that period was significantly lower, at 3% in June and 3.3% in July 2023.
Another user shared that their husband's monthly premium for Plan F started at $185 when he was 67 years old and gradually increased to $388 at 79 years old. While age was a significant factor in this increase, it is unclear if inflation adjustments also played a role.
It is recommended to consult with an insurance agent or broker to understand the specific rate determination factors, including inflation adjustments, for AARP supplemental insurance plans. They can provide personalized advice and help individuals make informed decisions based on their unique circumstances.
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Switching plans mid-year
AARP Medicare Supplement Insurance plans are insured by UnitedHealthcare Insurance Company of America. AARP UHC Supplement plans typically have two rate increases each year, one for the adjusting rate on 1 April or 1 June, and one due to the customer's age. However, some plans may have their annual rate updates in the summer.
It is possible to switch plans mid-year, as there is no annual enrolment period for supplements. However, switching plans may require underwriting, depending on when the customer started Part B. Within the first six months of enrolment, customers can change to almost any supplement plan without underwriting.
Customers can also switch to an Advantage plan with a $0 monthly premium during the fall Annual Enrollment Period. This may be a preferable option to a Supplement plan, as the latter requires a separate drug and dental/insurance plan.
To determine whether switching plans is a good option, customers are advised to speak with their agent.
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Discounts for those aged 65-82
AARP offers a range of Medicare Supplement Insurance plans, also known as Medigap plans, through UnitedHealthcare. While the rates for these plans are subject to change and may increase annually, there are no specific details available regarding discounts for individuals aged 65 to 82.
It is important to note that AARP membership is required to enrol in their Medicare Supplement Insurance plans, and membership is available for \$20 per year. These plans are available to individuals under 65 in certain states, provided they are eligible for Medicare due to disability or End-Stage Renal Disease.
The rates for AARP's Medicare Supplement Insurance plans are based on the information provided on the application form, and they may vary depending on the state or area of residence. While rate changes typically occur annually, it is recommended to contact UnitedHealthcare directly for accurate and up-to-date information about rates and plans.
Additionally, AARP offers other insurance-related benefits, such as Medicare Advantage plans, Medicare Prescription Drug plans, and life insurance options with varying coverage amounts and features. These plans may provide additional benefits and services that supplement an individual's healthcare coverage.
It is always advisable to carefully review the eligibility requirements, exclusions, and limitations of any insurance plan before enrolling.
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Frequently asked questions
AARP supplemental insurance rates can change at any time, but there are typically two rate increases each year, one for the adjusting rate on June 1st and one for age increase. The rates can also increase due to inflation.
The amount that AARP supplemental insurance rates increase with age depends on the specific plan and the age of the insured. For example, one individual's premium increased from $185 per month at age 67 to $388 per month at age 79.
Yes, you must be an AARP member to enroll in an AARP Medicare Supplement Insurance plan. AARP membership costs $15 for the first year with automatic renewal. Additionally, in some states, plans may be available to persons under 65 who are eligible for Medicare due to disability or End-Stage Renal Disease.
Yes, you can switch to a different AARP supplemental insurance plan at any time. However, you may be subject to underwriting, depending on your health status and the specific plan's requirements.
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