As reported by CSG Actuarial last week, the 2024 Medicare Supplement overall market loss ratio increased slightly to 84.3%, as carriers continued to attempt to catch premium rate levels up to the post-Covid claim utilization rates.
Within the overall Medicare Supplement loss ratios, here are the Medicare Supplement loss ratios for Plans F, G, and N by plan for 2022, 2023, and 2024. While the Plan F and N loss ratios declined slightly in 2024, the Plan G loss ratio increased to over 90% in 2024.
*Data Source: National Association of Insurance Commissioners, by permission. The NAIC does not endorse any analysis or conclusions based upon the use of its data.