Medigap premiums leap, leaving consumers with few alternatives

AI Briefing

• – Medigap premiums are increasing, with some insurers raising rates by 12-26% for Plan G policies, affecting 43% of traditional Medicare beneficiaries, leaving consumers with limited alternatives.
• – The increases are attributed to rising medical service use, aging population, and labor and medical costs, with some experts suggesting possible solutions like capping out-of-pocket costs or subsidizing Medigap coverage.
• – Medigap policy experts recommend considering lower-cost plans with higher deductibles or exploring Medicare Advantage plans with out-of-pocket caps, but these options come with trade-offs and limitations.