Your Medicare Supplement rate will go up. Here’s what we do about it.
Every Medicare Supplement carrier raises rates. It’s built into how these plans work — as you get older and as the carrier’s block of policyholders uses more care, premiums climb. A plan that was the cheapest option the year you enrolled often isn’t three years later.
Here’s the part most people don’t know: the coverage is identical no matter which company you buy it from. Plan G from one carrier pays exactly the same as Plan G from another — the benefits are standardized by federal law. The only difference is what you pay.
So if another carrier is offering the same plan for less, there’s usually no good reason to keep overpaying.
Most agents never mention this. They write the policy, collect the renewal, and you don’t hear from them again. Rate Lookout is our answer to that.
How Rate Lookout works
Every Bluewave client is enrolled automatically. There’s nothing to sign up for and no cost.
Each year, we pull your current rate and compare it. Our team runs your plan, your zip code, your age, and your household situation against the carriers available to you and checks whether anyone is offering the same coverage for meaningfully less.
If you’re already priced well, we tell you that. Most years, this is the answer. You’ll get a short note confirming your rate still holds up, and you do nothing.
If there’s real savings, a licensed agent calls you. We’ll walk you through what the switch would involve, what the new carrier’s rate history looks like, and whether you’d need to answer health questions.
You decide. We never move a policy without your say-so, and there’s no pressure either way. Sometimes staying put is the right call — a lower headline rate from a carrier with a history of steep increases isn’t a bargain.
What to know before you switch
Switching carriers usually means underwriting. If your health has changed since you first enrolled, you may not qualify for the lower rate, and we’d rather tell you that up front than waste your time on an application that gets declined.
There are exceptions. If you live in a birthday rule state — California, Oregon, Idaho, Illinois, Missouri, Nevada, Oklahoma and several others — you get an annual window around your birthday to change to an equal or lesser plan with no health questions at all. If that’s you, we’ll time your review to that window.
Already a client?
You’re enrolled. Nothing to do — we’ll reach out.
Not a client yet?
Rate Lookout comes with every policy we write, at no cost.
Get your quote or call 800-208-4974. Monday–Thursday 8am–4:30pm, Friday 8am–3pm Pacific.
