by Carrie Haubensak | Nov 13, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 3rd quarter 2024, CVS Health reported Medicare Supplement member in-force counts of 1,291,000, a decrease of 3,000 in the past quarter and 61,000 over the past 12 months. The 61,000 decrease in membership in the past 12 months is a 4.5% decrease relative to the...
by Carrie Haubensak | Nov 7, 2024 | Insurance Industry, Medicare, Medicare Supplement
Cigna reported 3rd quarter 2024 Medicare Supplement lives of 485,000, up 2.5% from the result at 2nd quarter 2024 and 3.6% compared to 3rd quarter 2023. The table below shows Cigna’s Medicare Supplement enrollment counts by quarter since 1st quarter 2022. Based on...
by Carrie Haubensak | Oct 31, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Humana reported 3rd quarter 2024 Medicare Supplement lives of 357,300, up 5.3% from the result at 2nd quarter 2024 and 19.3% compared to 3rd quarter 2023. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2017. Humana...
by Carrie Haubensak | Oct 31, 2024 | Insurance Industry, Medicare Supplement
Insurance companies that operate in the brokerage Medicare Supplement market typically offer per policy bonuses to encourage agents to sell their products. These bonuses generally vary by underwriting type to assist in achieving an appropriate mix of business. Below...
by Carrie Haubensak | Oct 29, 2024 | Insurance Industry, Medicare Supplement
CompanyDateRate IncreaseComments AARP - UnitedHealthcare Insurance Company 1/1/20256.8%New Hampshire & Oklahoma AARP - UnitedHealthcare Insurance Company of New York1/1/202510.2%New York Aetna Health Insurance Company 12/1/202416.3%New Jersey AFLAC...
by Carrie Haubensak | Oct 24, 2024 | Life Insurance, Medicare Supplement
As reported by Telos Actuarial in both Q1 and Q2 of 2024, Medicare supplement rate increases have been increasing relative to prior years. Now, results through the third quarter are in. In general, Medicare claim trends have been elevated since 2023 and carriers have...
