Reply
Contributor

Increase in supplemental plan?

My supplemental plan went up 7.5% for 2021. Has anyone figured out what their increase is? I'm wondering if that was a standard amount.

0 Kudos
2,012 Views
2
Report
Conversationalist

@ka4778 so many factors to consider.

 

Trend.

Utilization.

Loss ratio

Age.

Pooling.

Discount amortization.

Lost HH discount

Plan

Closed block 

 

Renewal increases in GA generally range from 4% to 8% on active blocks . . . 10%+ on closed blocks.

 


Bark less. Wag more.
Contributor

Thanks Somarco. I didn't realize there was so much involved. But, looks like I'm within the range you've quoted for GA, so that's interesting.

0 Kudos
1,979 Views
0
Report
cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 
Users
Need to Know

"I downloaded AARP Perks to assist in staying connected and never missing out on a discount!" -LeeshaD341679

AARP Perks

More From AARP