New business rate increases implemented on Medicare Supplement blocks of business were higher in 2019. Historical average rate increases by year since 2011 are shown below. The 2019 average increase of 5.0% was one point higher than the 2018 average and the highest since 2013.
| Year | Avg Med Supp New Business 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 | 5.0% |
The historical Medicare Supplement average new business rate increases by plans for plans F, G, and N are shown below.
| Year | Plan F | Plan G | Plan N |
|---|---|---|---|
| 2011 | 9.0% | 9.2% | 6.1% |
| 2012 | 7.3% | 7.7% | 6.7% |
| 2013 | 5.6% | 5.9% | 4.0% |
| 2014 | 5.0% | 4.3% | 4.0% |
| 2015 | 3.3% | 2.0% | 2.3% |
| 2016 | 5.1% | 2.8% | 3.5% |
| 2017 | 5.1% | 3.8% | 2.2% |
| 2018 | 5.1% | 3.9% | 2.8% |
| 2019 | 6.2% | 4.7% | 4.1% |