Bankers Fidelity – Rate and HHD Changes in Illinois

Rate and HHD Changes in Illinois

Effective April 1, 2017, household premium discounts associated with Medicare Supplement products in Illinois will increase from 5% to 7%.
Updated application packages and outlines of coverage will be available for download and ordering on ADDS beginning April 1st. For immediate resources, click below to download the updated materials and to read the bulletin in its entirety.

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In addition, rate changes are occurring for the current B 21092 Preferred, Standard, and U65 and disabled Medicare Supplement products Plan F2, K, and G. The closed B 9200 series Preferred and Standard Medicare Supplement product will also experience a rate increase. The closed block of business only affects policies written between  1/1/1992 and 5/31/2010.  These changes will become effective on April 1, 2017. Policyholders will be notified by the Home Office within the state-mandated time frame.

Posted in Bulletins.