by Carrie Haubensak | May 6, 2024 | Insurance Industry, news
The Senior Resource Group, an affiliate of AmeriLife Group, LLC, announced that it has entered into a partnership with Bobby Brock Insurance, a national health insurance agency and founding sponsor of MedicareCon, a highly regarded annual Medicare and health insurance... read more
by Carrie Haubensak | May 6, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Cigna reported 1st quarter 2024 Medicare Supplement lives of 466,000, down 0.9% from the result at 4th quarter 2023 and down 0.2% compared to 1st quarter 2023. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2022. ... read more
by Carrie Haubensak | May 6, 2024 | Insurance Industry, Medicare, Medicare Supplement
CSG Actuarial compiled information from the NAIC* and other sources and reported in April that total Medicare Supplement lives covered in 2023 decreased slightly to 14.1 million and seven of the top ten Medicare Supplement carriers reported a decrease in in-force... read more
by Carrie Haubensak | May 2, 2024 | Insurance Industry, news
Annuity sellers had another very strong quarter in Q1, with $113.5 billion in sales, 21% higher than the first quarter 2023. Quarterly sales fell just shy of the record set in the fourth quarter 2023, according to preliminary results from LIMRA’s U.S. Individual... read more
by Carrie Haubensak | May 2, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 1st quarter 2024, CVS Health reported Medicare Supplement member in-force counts of 1,300,000, a decrease of 43,000 in the past quarter and 44,000 over the past 12 months. The 44,000 decrease in membership in the past 12 months is a 3.3% decrease relative to the... read more
by Carrie Haubensak | Apr 30, 2024 | Insurance Industry, Life Insurance, Medicare, Medicare Advantage, Medicare Supplement
Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has partnered with Gruening Health and Wealth, an independent marketing... read more
by Carrie Haubensak | Apr 30, 2024 | Insurance Industry, Medicare Supplement
CSG Actuarial has compiled all of the new business rate increases implemented on Medicare Supplement blocks of business since 2011. The overall average increase for year-to-date 2024 is 7.8%, the highest since 2011. Historical average rate increases by year since... read more
by Carrie Haubensak | Apr 29, 2024 | Insurance Industry, Medicare, Medicare Supplement
CompanyDateRate Increase AmountComments AARP - UnitedHealthcare Insurance Company 6/1/202412.2%Varies by state & plan AARP - UnitedHealthcare Insurance Company of America 6/1/202412.9%South Carolina Ace Property and Casualty Insurance Company 8/1/2024 -... read more
by Carrie Haubensak | Apr 24, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Humana reported 1st quarter 2024 Medicare Supplement lives of 323,200, up 5.2% from the result at 4th quarter 2023 and 9.9% compared to 1st quarter 2023. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2017. Humana... read more
by Carrie Haubensak | Apr 23, 2024 | Insurance Industry, news
Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has partnered with SOS Financial Agency, a leading independent marketing organization based near Silver... read more
by Carrie Haubensak | Apr 23, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Elevance Health (formerly Anthem, Inc.) released 1st quarter 2024 financials on April 18th, reporting a decrease of 27,000 Medicare Supplement lives in the 1st quarter and a decrease of 29,000 Medicare Supplement lives over the past 12 months. The Elevance Health... read more
by Carrie Haubensak | Apr 23, 2024 | Insurance Industry, Medicare Supplement
As reported earlier this month, CSG Actuarial has compiled information from the NAIC* and other sources and reported that total earned premiums in the Medicare Supplement market in 2023 totaled $36.8 billion, a 1.8% increase over 2022. The breakdown of earned premiums... read more
