by Carrie Haubensak | Oct 24, 2024 | Insurance Industry
The market dominance and fairness of the world’s oldest credit rating agency, AM Best, has come under fire recently as some insurers have questioned its methods and bemoaned its stranglehold on the industry. AM Best, which has provided insurance industry credit... read more
by Carrie Haubensak | Oct 24, 2024 | Insurance Industry, Medicare Advantage
Centene is taking the federal government to court over the scoring of next year’s star ratings, as the latest major insurer to cry foul over the results. Centene argued that a secret shopper call from an anonymous surveyor was miscategorized and was held against the... read more
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... read more
by Carrie Haubensak | Oct 23, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Elevance Health (formerly Anthem, Inc.) released 3rd quarter 2024 financials on October 17th, reporting no change in Medicare Supplement lives in the 3rd quarter and a decrease of 34,000 Medicare Supplement lives over the past 12 months. The Elevance Health... read more
by Carrie Haubensak | Oct 22, 2024 | Insurance Industry
For the second year in a row, Integrity Marketing Group has been recognized by Inc. as one of the leading “Power Partners” in 2024. This annual Power Partners list recognizes the country’s leading B2B companies who are devoted to supporting their... read more
by Carrie Haubensak | Oct 16, 2024 | Insurance Industry, Medicare Advantage
MCC Brokerage, an innovative field marketing organization in the life and health insurance industry and affiliate partner of AmeriLife Group, LLC, has partnered with Diversity Insurance Agency, a Medicare Advantage brokerage company with more than 900 contracted... read more
by Carrie Haubensak | Oct 16, 2024 | Insurance Industry, Medicare Advantage
Weighted by enrollment, about 62% of current beneficiaries are enrolled in MA plans with prescription drug coverage that will have four or more stars next year, compared with about 74% in 2024, according to the CMS. Only seven MA plans with drug coverage earned five... read more
by Carrie Haubensak | Oct 16, 2024 | Insurance Industry, Senior Hospital Indemnity
Part 2 of this series looks more closely at several specific benefit offerings and the important guaranteed issue feature. Hospitalization Benefits All senior-focused HI products offer a “per-admission” hospitalization benefit in addition to a daily hospitalization... read more
by Carrie Haubensak | Oct 16, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Medicare Supplement market leader United Healthcare (UHC) released 3rd quarter 2024 financials on October 15th, reporting a 5,000 increase in Medicare Supplement lives in the 3rd quarter. The UHC enrollment table below features Standardized and Modernized policy... read more
by Carrie Haubensak | Oct 16, 2024 | Insurance Industry
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 Simpler Horizons Insurance Solutions a leading independent marketing organization based... read more
by Carrie Haubensak | Oct 11, 2024 | Insurance Industry, Medicare Advantage
A comparison of number of MA, MAPD, and PDP plans available in 2025 compared to 2024. CMS has released the Crosswalk and Landscape files for the upcoming 2025 plan year for Medicare Advantage and Part D. These publicly available files that are released every October... read more
by Carrie Haubensak | Oct 11, 2024 | Insurance Industry, Medicare Advantage
The Centers for Medicare & Medicaid Services (CMS) released a list of prescription drugs it hopes to include in its new Medicare $2 Drug List Model, the agency announced. Designed to limit out-of-pocket costs, the plan caps a generic drug’s monthly price at $2.... read more
