SeniorQuote recently received notice that Cigna will be increasing their premiums in Virginia in less than a month. Below is the official notice, straight from Cigna, regarding the matter:
PREMIUM CHANGE FOR ARLIC MED SUPP
Rate adjustment notice for Virginia
Rate adjustments for ARLIC Medicare Supplement product coming soon
At Cigna, we are committed to helping customers enjoy a healthy and happy life. That’s why we periodically review our premiums and make adjustments to ensure we are able to provide the products and services they need.
We understand that an increase in premiums can be a concern for seniors, many of whom are on a fixed budget. We are notifying policyholders soon to let them know this change is coming so there is no surprise.
Starting July 1, 2018, American Retirement Life Insurance Company (ARLIC) will implement the following rate adjustments for Medicare Supplement in Virginia:
- 9.9% increase on Plan A & F
- 5.1% increase on Plan G
- 3.9% increase on Plan N
ARLIC rate increases quoted above apply only to policyholders in the Preferred and Standard underwriting classes.
Also as of July 1, 2018, policyholders in the Standard (STD) II and Standard (STD) III underwriting rate classes will experience a 3% increase for Plans A, F, G and N. ARLIC STD II and III underwriting rate classes are designed for applicants, who may previously have been unable to obtain a Medicare Supplement policy.
To see if ARLIC policies with STD II and III underwriting rate classes are a better fit for your customers, please reference our underwriting rate class flyer.
Click here to preview the new rates in Virginia and stay up to date by visiting our ARLIC Rate Adjustments page.
Cigna offers a variety of products to fit your clients’ needs. Make sure to check out our Product Availability Chart for our Medicare Supplement plans.
No matter which product you choose Cigna Medicare Supplement Insurance adds value for your customers
Cigna’s ARLIC Med Supp plans provide all the basic benefits of a normal Med Supp plan, including freedom to choose doctors and hospitals and nationwide coverage, along with these additional features and rate options:1
- 7% Household Discount2
- 24-Hour Health Information Line
- Low-cost fitness program
- Cigna Healthy Rewards®
- Additional rate classes2