AMRP-128488222
Company:
American Republic Insurance Company
Rdate:
Mon, 10/08/2012 to Mon, 10/29/2012
Status:
Approved
Approval_date:
Wed, 11/14/2012
RATE SUMMARY
American Republic Insurance Company, Individual Medicare Supplement – Pre-standardized.
The company in proposing an overall 8% increase.
American Republic Insurance Company, Individual Medicare Supplement – Prestandardized plans.
The company is proposing an 8% increase on all plans except A-2775, which would have no change to its
rates.
RATE INCREASE JUSTIFICATION PLAIN LANGUAGE SUMMARY
Company: American Republic Insurance Company
Rate Submission: Prestandardized Individual Medicare Supplement Rate Revision and Annual Loss
Ratio Filing
Date: 10/1/2012
Policy Forms: A-2721, A-2775, A-2776
American Republic regularly reviews the experience of its Medicare supplement business to ensure it
will honor its promise to pay future claims. Primary factors impacting product performance are medical
cost trends and the number of people filing Medicare supplement claims.
Based on the actual and projected Medicare supplement experience, the proposed premium increase is
necessary to bring anticipated future claims in line with the target loss ratios approved by the Vermont
Department of Insurance.
The company has requested an overall premium increase of 8% on the prestandardized Medicare
supplement block. Specifically, the proposed increases are:
8% for A-2721 and A-2776
No change for A-2775
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 the Department of Insurance approves them
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|---|---|
 AMRP-128488222.pdf | 920.36 KB |