Does anyone who recently received a letter from Blue Cross about rate increases understand what it's saying?
You need to talk to an agent licensed in your state, however, there is a lot of recent federal legislation that has affected the funding of Medicare Supplemental plans. These are not old changes with the Health Reform Act (not all of them) - these are new changes. The most recent change announcement was on April 11th of this year. Sorry.
by mbrcatz - 4 hours ago
"Entry age" meant that it would not go up based on your age for as long as Blue Cross continued to offer that supplement on an "entry age" basis. It did not mean that you could keep it for the rest of your life, or even that Blue Cross would stay in business that long. It meant only that if Blue Cross let you keep it, then you would be able to keep it without increases based on age for as long as Blue Cross let you keep it. Blue Cross stopped letting you keep it. This ended your ability to keep the same rate. You have three options: 1. Get something else from Blue Cross (which will not be "entry age"). 2. Get something from a different company (which may or may not be "entry age"). 3. Get nothing.
by StephenWeinstein - 4 hours ago
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