by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, Medicare Advantage, news
The past couple of years have seen the sharp ascendancy of Medicare Advantage to now include more than half of all beneficiaries with Medicare coverage. The alternative to the traditional fee-for-service Medicare has proven popular with consumers due to...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, Medicare, Medicare Advantage, news
Virtually all enrollees in Medicare Advantage (99%) are required to obtain prior authorization for some services – most commonly, higher cost services, such as inpatient hospital stays, skilled nursing facility stays, and chemotherapy. This contrasts with traditional...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, news
The “record” annuity sales of 2024 are likely to continue into 2025, according to Sri Reddy, senior vice president of Retirement Income Solutions at Principal Financial Group. “Higher interest rates, volatile equity markets, and inflation — coupled...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, Medicare Advantage, news
Medicare Advantage has steadily grown over the past decade, and now encompasses more than half of all seniors eligible for Medicare. However, over the past year, the industry has faced significant headwinds, which as stymied some payers’ expansion plans. These...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, news
The senseless killing of UnitedHealthcare CEO Brian Thompson has shocked the nation. While the vast majority of Americans are horrified, an unhinged minority has taken delight in this tragedy, revealing a shocking ignorance about how health insurance works. Insurance,...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, Medicare, Medicare Advantage, news
Over the last decade, Medicare Advantage, the private plan alternative to traditional Medicare, has taken on a prominent role in the Medicare program. In 2024, nearly 33 million Medicare beneficiaries are enrolled in a Medicare Advantage plan, more than half, or 54%,...
