Medicare Supplement insurance companies can charge tobacco users higher premiums than non-tobacco users. The tobacco rating is typically 10-20% higher than the standard premium. If you quit tobacco, you may be able to request a rate reduction after 12 months of non-use.
Key Points
- Tobacco rating: 10-20% higher premium for tobacco users
- Tobacco includes cigarettes, cigars, pipes, chewing tobacco, and vaping
- Quit tobacco: may be able to request rate reduction after 12 months
- An independent agent can identify companies with the most favorable tobacco ratings
- Quitting tobacco saves money on insurance and improves health