CSG Actuarial has compiled all of the new business rate increases implemented on Medicare Supplement blocks of business since 2011. The overall average increase for year-to-date 2022 is 4.3%, the lowest since 2018. Historical average rate increases by year since 2011 are shown below.
Year | Rate Increase |
---|---|
2011 | 8.4% |
2012 | 7.0% |
2013 | 5.0% |
2014 | 4.2% |
2015 | 2.8% |
2016 | 3.8% |
2017 | 3.7% |
2018 | 4.0% |
2019 | 4.9% |
2020 | 5.4% |
2021 | 4.6% |
2022 YTD | 4.3% |