HUMA-128670844
Company:
Humana Insurance Company
Rdate:
Fri, 11/16/2012 to Fri, 12/07/2012
Status:
Approved
Approval_date:
Mon, 12/24/2012
RATE FILING SUMMARY
Humana Insurance Company, Individual Medicare Supplement - Standard Plans
Overall rate change of 6.5%
Plain Language Summary:
Humana Insurance Company reviews claims experience of its Medicare Supplement business to
ensure the ability to meet its obligation to pay future claims. Healthcare costs tend to increase
over time due to inflation and utilization trends of consumers. Based on historical and projected
future claims, a premium increase is necessary to overcome a rise in healthcare costs. Medicare
Supplement claims are projected to increase by 6.5% during the next year. Therefore, we are
proposing a premium increase of 6.5% on Policy Form VT-MESC to the Vermont Department of
Insurance which will not be implemented until approval is received from the Department, no
earlier than January 1, 2013.
| Attachment | Size |
|---|---|
 HUMA-128670844.pdf | 130.44 KB |