No one is quite certain why the government would decide to change the Medicare supplement system, but it may have something to do with risk pools and re-setting rates.
When the old plans are booted out and the new ones come into play, each group of people will then be in what is called a "closed risk pool." The ones in the old plans will be grandfathered in, which might sound great, but their rates will likely go up because they are in a closed risk pool. That means that the rates in the "new" Medicare supplements group from June 1, 2010, onward may also be subject to increased rates over time.
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