BNLB-128529341

RATE FILING SUMMARY

Bankers Life and Casualty Company, Individual Medicare Supplement - Standard Plans.
Company is proposing a 15% rate increase for all plans.

Bankers Life and Casualty Company – Plain Language Summary
2012 Standardized Medicare Supplement Rate Revision and Annual Loss Ratio Filing
Medicare Supplement Rates Changing in 2012
Bankers Life and Casualty regularly reviews the experience of its Medicare supplement business
to ensure it will be able to honor its commitment to pay claims. Primary factors impacting
premium rates are the rising cost of healthcare and impact of claims experience.   
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.   
The company has requested an overall premium increase of 15.0%.  Claims experience has been
much higher than expected, requiring this increase. The proposed rate increases by plan and
form are shown in the table below.
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.
Plan Letter Form Name Rate Increase
A GR‐A05A 15.0%
B GR‐A05B 15.0%
C GR‐A05C 15.0%
D GR‐A05D 15.0%
E GR‐A05E 15.0%
J GR‐A05J 15.0%
K GR‐A05K 15.0%
L GR‐A05L 15.0%

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