United Health Care Premium 2023 mid-year rate hike

Medigap policies aren't really health insurance for seniors - rather these policies are "GAP" insurance which is more of a financial tool to protect someone from a high cost of whatever is insured.

CMS under the rules of Traditional Medicare coverage gives insurers (3) ways to price their policies - (1) community rating (2) issue age  (3) attained age - so these specifics on the type of rating they use gives them the annual increase but by no means do these cover the rising cost of coverage.  So in addition to these, they may raise the premium price based on the rising cost of coverage.  

Increases in Medigap premiums and other type of coverage specifics are governed by your state - you may be able to find more info at your state's Dept. of Insurance - they approve the rate increases and your state legislature controls other type of coverage specifics under Medigap plans.

I posted about the AARP UHC Supplemental policy rate increases a few days ago on this board.  Here is the link to it - look up your state.

AARP Community Board - Medicare & Insurance - 06/17/2023 - 2023 Rate Info for AARP / UHC Medicare Supplement Plans

Is this normal you ask - these type policies do go up - sometimes more and sometimes less - depending on their coverage spending.  We have inflation at a higher level than it has been in a while so yes, people may experience higher premiums during this period whenever they may occur.  

I do not know if mid-year increases are normal for AARP UHC Medigap plans -

CONCERN WITH UNITED HEALTH CARE RECENT EVENTS 

My husband and I are AARP members and enrolled with United Healthcare last year considering the AARP endorsement.  I am very concerned about the United Healthcare system hacked in February, the information still pending on people compromised (although likely a large swath) and recovery costs United Healthcare is facing.  My husband and I are healthy seniors, yet we've been alerted to a combined 16% premium increase starting in January 2025.   In addition, the Department of Justice just initiated an anti-trust investigation into United Healthcare Group. 

Before this year's open enrollment period, I would appreciate AARP offering members other choices for Medicare Supplemental Coverage as my husband and I will be looking into other providers for 2025.