Rate adjustments for CHLIC Medicare Supplement coming soon
Cignais committed to helping customers enjoy a healthy and happy life. That’s why they periodically review our premiums and make adjustments to ensure they are able to provide the products and services they need.
During this review, they consider trends in healthcare costs, the product purchased and medical claims for similar policies in a given area. Sometimes they have to increase premiums to maintain the level of service and support policyholders expect.
Starting July 1, 2019, Cigna Health and Life Insurance Company (CHLIC) will implement the following rate adjustments for Medicare Supplement policies in Maryland:
- 0.0% increase on Plan N – rate hold!
- 9.9% increase on Plans A & F
- 9.5% increase on Plans G and High Deductible F
Customer rate adjustment notifications for Maryland are mailed at least 40 days before the rate adjustment effective date.
Cigna understands that an increase in premiums can be a concern for seniors, many of whom are on a fixed budget. They are notifying policyholders soon to let them know this change is coming so there is no surprise.
Cigna offers a variety of products to fit your clients’ needs. Make sure to check out the Product Availability Chart for Cigna’s Medicare Supplement plans.
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