AMLC-128556896
Company:
United American Insurance Company
Rdate:
Fri, 10/19/2012 to Fri, 11/09/2012
Status:
Approved
Approval_date:
Fri, 11/30/2012
RATE FILING SUMMARY
United American Insurance Company
P.O. Box 8080, McKinney TX 75070-8080
NAIC # 92916
Narrative Summary
Group Standardized Medicare Supplement Plans
A, B and C
United American Insurance Company – Plain Language Summary
2012 Group Medicare Supplement Rate Revision and Annual Loss Ratio Filing
Medicare Supplement Rates Changing in 2012
United American Insurance Company regularly reviews the experience of its Medicare
supplement business to ensure it will be able to honor its commitment to pay claims. The
premium rate increases are due mainly to: (1) increase in medical cost, (2) increase in
utilization for medical care; and (3) increase in Medicare deductibles and co-payments that are
covered under these plans.
Based on the actual and projected Medicare supplement experience, a premium increase is
necessary to bring projected future claims, relative to projected premiums, in line with the
target relationships approved by the Vermont Department of Insurance.
United American Insurance Company has requested an overall premium increase of 7.0%.
The proposed increases have been filed with and will be reviewed by the Vermont Department
of Insurance. This filing complies with the laws and regulations of the State of Vermont and will
not be implemented until approved by the Department of Insurance.
The proposed rate increases by plan and form are shown in the table below.
Plan Proposed % Increase
A +7.0%
B +7.0%
| Attachment | Size |
|---|---|
 AMLC-128556896.pdf | 682.44 KB |