Medicare-supplement insurance may become more expensive when stiffer regulations begin taking effect in July, reports Kiplinger's Personal Finance Magazine.
Among other things, the new rules bar medigap insurers from refusing to enroll you or pay benefits because of pre-existing conditions. Mutual of Omaha says it is redesigning its policies soon and expects rates to go up when risks that were previously excluded are covered.Will the new regulations make medigap hard to find? Probably not. State Farm has announced it will no longer issue medigap policies to new customers but says it was leaving the market anyway. So far, no one else is pulling out of the business.