Moving to Medico Supplement

[muckmail]

All,
I am thinking about moving from Mutual of Ohama to Medico (Wellable), hoping that Medico
will hold premiums better than the Mutual of Ohama.

I am on plan N and I think I will remain on N. I have considered G plan but I am afraid of
G's premium increases.

I think Medicare supplement data is so distorted and hidden on the internet.
This makes it almost impossible to make a good decision.

Is there a way to research this move?
Would it be a good move?

Thank you,

 

[MBSC]

You need to pass medical underwriting in order to change plans in most states. Most Medigap plans have taken large increases this year due to increased demand for medical care. It looks like the trend will continue next year. If you can get a lower rate with Medico/Wellable, it will buy you a few years until their rate seems high. I agree with staying on N.

The second table in this article shows some Plan N increases.

Medicare Supplement Rate Actions – 2024 Q2 Update — Telos Actuarial

Looking at 2024 Q2 - Medicare Supplement rate increases continue.

www.telosactuarial.com