| MEDICARE SUPPLEMENT INSURANCE PREMIUM RATE CHANGE |
| Transamerica Premier Life Insurance Company will be implementing Medicare Supplement insurance premium rate changes in the following states for new sales and in force policies. The in force policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. |
|
State
Plan
Adjusted percentage
Upload date
New rate effective date
Alaska
A, F, G N 7% increase 0% increase 3/19/2020 6/1/2020 California A, F, G N 9% increase 0% increase 3/19/2020 5/1/2020 Missouri A, F, G, N 7.5% increase 3/19/2020 5/1/2020 Nevada A, F, G, N 9% increase 3/19/2020 6/1/2020 New Mexico A, F, G, N 10% increase 3/19/2020 6/1/2020 North Dakota A, F, G, N 15% increase 3/19/2020 5/1/2020 Oregon A, F, G, N 8% increase 3/19/2020 5/1/2020 South Carolina A, F, G, N 9% increase 3/19/2020 5/1/2020 Texas A, G F N 11% increase 9.2% increase 0% increase 3/19/2020 6/1/2020 Washington A, F, G, N 8% increase 3/19/2020 5/1/2020 |
| Three scenarios to consider: |
| • Applications submitted and placed prior to the new rate upload date with any future effective date will receive the current rates for the first year and then will receive the rate change at the end of the 12-month guarantee period. • Applications submitted and placed on or after the new rate upload date with a requested effective date prior to the new rate effective date will receive the current rates for the first year and then will receive the rate change at the end of the 12-month guarantee period. • Applications submitted and placed on or after the new rate upload with a requested effective date on or after the new rate effective date will receive the new premium rates. |
| New Medicare Supplement insurance premium rates for in force policies, formerly underwritten by Stonebridge Life Insurance Company will be implemented. The following states will be impacted. |
| State Plan Adjusted percentage Upload date New rate effective date Missouri A, F, G, N 7.5% increase 3/19/2020 5/1/2020 Nevada A, F, G, N 6% increase 3/19/2020 6/1/2020 New Mexico A, F, G, N 10% increase 3/19/2020 6/1/2020 North Dakota A, F, G, N 9% increase 3/19/2020 5/1/2020 Oregon A, F, G, N 8% increase 3/19/2020 5/1/2020 Pennsylvania A, B, F, G, N 11% increase 3/19/2020 5/1/2020 Utah A, F, G, N 6% increase 3/19/2020 6/1/2020 Washington A, F, G, N 8% increase 3/19/2020 5/1/2020 |
| Two scenarios to consider: |
| • If policyholder is within their initial 12-month period, new rate change will take effect upon the next billing cycle after their 12-month period and application effective date. • If policyholder is outside of their initial 12-month period, new rate change will take effect upon the next billing cycle after the applicable above effective date. Policyholders will be receiving notification of these changes via written correspondence per their state guidelines. |
Transamerica Med Supp Premium rate change
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