Will premiums for AARP Medicare Supplement Insurance plans change over time?

Premiums for AARP Medicare Supplement Insurance plans may increase over time due to several factors. Insurance companies frequently adjust premiums to account for changes in healthcare costs, claims experience, changes in regulations, and overall risk assessments. Moreover, as policyholders age, the likelihood of requiring medical services generally increases, which can also lead to premium adjustments.

It is common for insurers to implement periodic rate increases, and these adjustments can apply to all policyholders irrespective of when they joined the plan. This means that individuals cannot assume their premium will stay static throughout the life of the policy, as the insurers need to remain sustainable and cover the healthcare costs associated with providing coverage. Understanding this aspect can help potential policyholders plan for future healthcare costs more effectively.