Medicare

Medicare Supplement Premiums Keep Going Up. Here Is What You Can Do About It.

Medicare Supplement premiums increase 3-8% per year on average. Over 10 years, that adds up. Here is how to monitor your rates and when to switch carriers to save money.

🇺🇸 Patriot Plans Editorial Team·7 min read·July 25, 2026

Medicare Supplement premiums are not fixed. They increase every year — typically 3-8% annually due to inflation and age. Over 10 years, your premium can nearly double. Here is how to stay on top of your rates and what to do when they get too high.

Why Premiums Increase

Medicare Supplement premiums increase for two reasons: inflation (medical costs rise every year) and age (you are older and statistically more likely to file claims). The rate of increase varies by carrier, plan type, and rating method (community-rated, attained-age, or issue-age).

How to Monitor Your Rates

Review your Medicare Supplement premium every year when you receive your renewal notice. Compare it to the current market rate for the same plan from other carriers. If you are paying significantly more than the market rate, it may be time to switch.

When You Can Switch Without Underwriting

In most states, switching Medicare Supplement plans requires medical underwriting. However, several states have birthday rules or anniversary rules that allow you to switch without underwriting during an annual window. An independent agent can tell you what rules apply in your state.

The Savings Potential

Switching from a high-premium carrier to a lower-premium carrier for the same plan can save $500-$1,500/year. Over 10 years, that is $5,000-$15,000 in savings. The plan benefits are identical — the only difference is the price.

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Frequently Asked Questions

How do I know if my Medicare Supplement premium is too high?

Compare your current premium to the market rate using Medicare's Plan Finder tool or by contacting an independent agent. If you are paying more than 10-15% above the market rate, it may be worth exploring a switch.

Will I lose my coverage if I switch carriers?

No. Medicare Supplement plan benefits are standardized by federal law. Plan G from one carrier is identical to Plan G from another carrier. The only difference is the premium.

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