MLIC Med Supp Rate Adjustment for Indiana
MLIC News Bulletin, March 14, 2016
Manhattan Life Insurance Company has announced that a Medicare Supplement rate adjustment for Indiana has been approved. There is a 6% rate increase for Plans A, B, C, D, and F.
The effective date for all in-force policies outside of the 12 month rate guarantee and all new business is April 1, 2016.
Please refer to the points below to determine which rates should be applied for new applications:
- All Medicare Supplement applications signed before April 1, 2016 will receive the current 12-1-15 rates.
- Any Medicare Supplement application signed on or after April 1, 2016 will receive the new 4-1-16 rates.
- Any Medicare Supplement application re-dated after April 1, 2016 will receive the new 4-1-16 rates.
Summary of this information:
Before April 1, 2016
April 1, 2016 or after
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