Navigating Rising Medicare Supplement Costs in 2024: What You Need to Know
with Tonya Aiken
If you’ve been keeping an eye on your Medicare Supplement costs lately, you might have noticed something unsettling – rates are going up, and fast. In 2024, insurer Blue Cross Blue Shield of Louisiana (BCBS) hiked their rates by as much as 20% for both new and existing policyholders. That’s a big jump compared to the industry average of 5-8% annually*. And BCBS isn’t alone; many other insurance providers are following suit with similar hikes.