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Premera Medigap plans F and G see rate increases; OIC regulates Medigap premiums
Summary
Agency staff reported increases to Premera Medigap plans F and G for 2027, noting the Office of the Insurance Commissioner approves Medigap rates and that PEB members make up most of the enrollment in those plans.
Staff told the board that Premera Medicare supplement (Medigap) plans F and G will see premium increases for 2027 driven by rising utilization and annual increases in Medicare Part A and B deductibles that these supplements cover.
"These rates have been approved by OIC," Molly Christie said, explaining that Medigap plans are regulated by the Office of the Insurance Commissioner; she added PEB members account for about 94% of membership in those products. Christie said Medigap plan liability grows because the plans are designed to cover increases in hospital and Part B deductibles and to pick up more member cost sharing as utilization rises.
Staff paused to highlight that the board's decision to authorize or not authorize carrier plans differs for OIC‑regulated products: the board can decide whether to include a carrier offering in the PEB portfolio, but it cannot set the OIC‑regulated premium level. Draft resolution language that authorizes inclusion of Premera offerings will be presented at the July 9 meeting.
