I have been a member of the medicare service club for quite a number of years. In the early stages the premium for an average person was about 3, 000+, they increased it a wee bit throughout the years at a very base percentage. However, it was shocking to note that the amount that they plan on charging old customers far overseeds the 100% of an increase.
On reaching them for clarification, was informed that due to there being a surge in various paying out claims they had to increase the premium. So from a 4 figure amount it has snow balled into a 5 digit amount for a 2 L premium. Is this weird or what.
I suggest that if people want to apply for a medical insurance, scout around and check out other options before investing with frankly greedy ones.
Avoid.