Group Medicare Supplement Renewals DelayedDecember 5, 2018
Last week we sent the renewal mailing to group Medicare supplement members without the 2019 rates included, as these have not yet been approved by Department of Insurance (DOI). The renewal mailing informs members of the 2019 Original Medicare benefits. A cover letter explains that we’ll mail the rates separately once we receive approval.
We are required to give members and groups a 30-day notice before changing their rates, so the new rates will not go into effect on January 1, 2019. Even though we aren’t changing the rates on January 1, we will not extend the 2020 renewal. That renewal date will still be January 1, 2020.
We filed within the appropriate time frame, and we are working diligently with the DOI to receive approval. We will provide an update once we receive the 2019 rate approval.
Please contact your client consultant with any questions.