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Investment losses, COVID-19 costs drive Kaiser to $961M net loss

by Carrie Haubensak | May 20, 2022 | Insurance Industry, Medicare, news

Investment losses, an increase in COVID-19 expenses and rising costs overall drove Kaiser Permanente to a net loss of $961 million in the first quarter, down from a net income of $2 billion at the same time last year. Growth in the Oakland, California-based integrated...

Life Insurance Activity Continues Dip In April But Still Stronger Than 2021, MIB Reports

by Carrie Haubensak | May 20, 2022 | Life Insurance, news

U.S. life insurance application activity declined in April 2022 compared to April 2021, with Year-over-Year (YOY) activity down -11.7%. However, this YOY comparison was impacted, in part, by record-breaking growth seen in April of 2021. When taking a longer-term...

Ritter Insurance Marketing and Integrity Announce Transformational Partnership to Help More Americans

by Carrie Haubensak | May 18, 2022 | Insurance Industry, news

Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire Ritter Insurance Marketing, a leading independent...

CMS Issues New Policies to Provide Greater Transparency for Medicare Advantage and Part D Plans

by Carrie Haubensak | May 13, 2022 | Medicare, Medicare Advantage, Medicare Supplement, news

Updated measures for 2023 will advance equity and increase access to affordable care Today, the Centers for Medicare & Medicaid Services (CMS) issued a final rule for the Medicare Advantage (MA) and Part D prescription drug programs that will improve experiences...

2021 Medicare Supplement Market Premium Grows 1.7% to $35.6 Billion

by Carrie Haubensak | May 13, 2022 | Medicare, Medicare Supplement, news

CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2021 totaled $35.6 billion, a 1.7% increase over 2020. A few other notes of interest: The total Medicare Supplement...
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