WHY DO INSURANCE RATES GO UP?
The single largest reason your insurance rates go up or you experience the dreaded "rate increase" is due to claims. When a company has to pay out a large amount of claims, they have to offset those costs by raising premiums. With Medicare Supplements, it's common to see rate hikes with plans that are Guaranteed Issue (GI). These are plans that are required by law to accept everyone that applies regardless of their health
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