The Ohio Dept of Insurance should have and use authority to limit medigap insurance rate increases to single digits or less than 10%.
Why is this important?
Ohio is listed as close to California in rate hikes in double digits. My wife and, seniors in stable health, were hit with hikes of 18 and 16%. The Ohio Dept of Insurance should have the clout to hold such increases to single digits (New York State does--no more than 10%) especially as health care costs for 2013 are projected at 7.5%.
