| |
|
|
| Medicare Offerings |
| MEDICARE SUPPLEMENT INSURANCE PREMIUM RATE CHANGE |
| Transamerica Premier Life Insurance Company will be implementing Medicare Supplement Insurance premium rate changes in the following states for new sales and in force policies. The in force policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. |
| State |
Plan |
Adjusted percentage |
Upload date | New rate effective date |
| California |
A, F, G
N
|
7% increase
0% increase | 3/21/2019 |
5/1/2019 |
Delaware
|
A, F, G, N
|
4% increase | 3/21/2019 |
5/1/2019 |
| Hawaii |
A, F, G, N
|
9% increase | 3/21/2019 |
5/1/2019 |
| Idaho |
A, F, G, N
|
9% increase | 3/21/2019 |
5/1/2019 |
| Kansas |
A, F
G, N
|
9% increase
6% increase
| 3/21/2019 |
5/1/2019 |
| Missouri |
A, F, G, N
|
6.5% increase | 3/21/2019 |
5/1/2019 |
| New Mexico |
A, F, G, N
|
9% increase | 3/21/2019 |
6/1/2019 |
| Nevada |
A, F, G, N
|
3% increase | 3/21/2019 |
6/1/2019 |
| Pennsylvania |
A, B, F, G
N
|
7.5% increase
0% increase | 3/21/2019 |
5/1/2019 |
| South Carolina |
A, F
G
N
|
6% increase
3% increase
0% increase | 3/21/2019 |
5/1/2019 |
|
| Three scenarios to consider: |
| • |
Applications submitted and placed prior to the 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 with a requested effective date prior to the new rate 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 with a requested effective date on or after the new rate effective date will receive the new premium rates. |
|
| New Medicare Supplement Insurance premium rates for in force policies, formerly underwritten by Stonebridge Life Insurance Company, will be implemented. The following states will be impacted. |
| State |
Plan |
Adjusted percentage |
Upload date | New rate effective date |
| Florida |
A, F, G, N
|
5.6% increase | 3/21/2019 |
6/1/2019 |
| Idaho |
A, F, G, N
|
9% increase | 3/21/2019 |
5/1/2019 |
| New Jersey |
A, C, F, G
N
|
3% increase
0% increase | 3/21/2019 |
5/1/2019 |
| New Mexico |
A, F, G, N
|
9% increase | 3/21/2019 |
6/1/2019 |
|
| Two scenarios to consider: |
| • |
If policyholder is within their initial 12-month period, new rate change will take effect upon the next billing cycle after their 12-month period and application effective date. |
| • |
If policyholder is outside of their initial 12-month period, new rate change will take effect upon the next billing cycle after the applicable above effective date. Policyholders will be receiving notification of these changes via written correspondence per their state guidelines. |
|
| Please contact your designated sales desk for additional questions regarding the new rates. |
|
|
|
