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Rate Increase for Medico's Medicare Supplement Policy Series A20
Effective October 1, 2013, Medico will be implementing a rate increase on the Modernized A20 Medicare Supplement policies. This increase will be implemented with renewals and new issues effective October 1, 2013 and after, and will be applied to all new Modernized policies issued with an Application Date of October 1, 2013 or later.
This rate increase is for the current product you can write in your state.
ILLINIOS
Medico® Insurance Company is pleased to announce their new Medicare Supplement product in Illinois. The A70 Medicare Supplement product is replacing our A21 Medicare Supplement product. We will accept applications for the old A21 product until September 13, 2013, if the applications are signed and dated on or before September 1, 2013.
IOWA
Medico® Insurance Company is pleased to announce their new Medicare Supplement product in Iowa. The A70 Medicare Supplement product is replacing our A21 Medicare Supplement product. We will accept applications for the old A21 product until September 13, 2013, if the applications are signed and dated on or before September 1, 2013.
NEBRASKA
Medico® Insurance Company is pleased to announce their new Medicare Supplement product in Nebraska. The A70 Medicare Supplement product is replacing our A21 Medicare Supplement product. We will accept applications for the old A21 product until September 13, 2013, if the applications are signed and dated on or before September 1, 2013.
Besides having competitive rates, Medico introduced their new Household Discount. When the applicant lives in the same household with another person over 18 years of age, regardless of whether both sign up for coverage, a 7% discount is applied to the premium rates. That means only one person has to purchase to get the discount.