Medicare Supplement Rate Increases 2027: Why Premiums Go Up and What to Do

The Bottom Line

Rate increases are part of owning a Medicare Supplement plan, but you are not stuck with them. Compare companies every year or two, and a licensed insurance agent can show you lower prices for the same plan letter at no cost.

➤ Why do Medicare Supplement rates go up?

Rates rise because medical costs go up, because many policies are priced by age, and because a company’s group of policyholders gets older and files more claims over time.

➤ How often do Medicare Supplement premiums increase?

Most companies review rates once a year. Many people see a change around their policy anniversary or on a date set by the company.

➤ Can I switch companies if my rate goes up?

Yes. You can apply with another company at any time. Outside open enrollment and guaranteed issue situations, the new company may ask health questions.

➤ Do all Medicare Supplement companies raise rates the same amount?

No. Increases vary by company, state and plan. That is why rate increase history matters when you compare companies.

➤ Does a household discount help?

Yes. Many companies take money off when two people in the same home have a policy with them, which can offset part of an increase.

➤ Can a licensed agent help me lower my premium?

Yes. A licensed insurance agent can compare the same plan letter across several companies and tell you whether switching makes sense, at no cost.