by Carrie Haubensak | Oct 5, 2023 | Insurance Industry, Medicare
Since the history presented in August for Original Medicare Part A also covers how Original Medicare Part B (“Part B”) came into existence, we’ll take a shortcut here. The year was 1965 and it was LBJ, in the Truman Library, with the ink pen. Part B is administered... read more
by Carrie Haubensak | Oct 5, 2023 | Insurance Industry, Life Insurance
So what’s preventing more women from buying life insurance? That was the main question and topic for advice during a recent LinkedIn event. Executives from LIMRA and LOMA shared some useful insights into women’s ownership of life insurance and suggested a few steps... read more
by Carrie Haubensak | Oct 5, 2023 | Insurance Industry, Medicare
The average premium for Medicare Advantage plans is expected to increase slightly next year, but the large majority of beneficiaries will see no change, according to the Biden administration. The CMS on Tuesday announced that the average monthly plan premium will rise... read more
by Carrie Haubensak | Oct 5, 2023 | Insurance Industry, Medicare
Publicly traded Medicare eBrokers (or sometimes called “Direct-to-Consumer distributors”) collectively sold 361,572 policies, generated $446 million in Revenues, and spent $561 million during Q2 2023. Last month we looked at Medicare carrier financials side-by-side.... read more
by Carrie Haubensak | Oct 5, 2023 | Insurance Industry, Medicare Supplement
The CSG Actuarial Premium Rate Scorecard™ provides an overall premium rate competitiveness ranking by company across all states, plans, ages, genders, households, and zip codes, based on actual Medicare Supplement quotes completed on CSG Actuarial’s Market Advisor... read more
by Carrie Haubensak | Oct 3, 2023 | 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 Prosper with Purpose Financial, a leading independent marketing organization located in... read more
by Carrie Haubensak | Sep 28, 2023 | Insurance Industry, news
Milton Kleinberg and Hershel Kleinberg, the father-son duo who helped build Senior Market Sales® into one of the country’s most respected and successful insurance marketing organizations, retired on Sept. 15, 2023. SMS Chairman Emeritus Milton Kleinberg, a Holocaust... read more
by Carrie Haubensak | Sep 28, 2023 | Medicare, news
The Centers for Medicare & Medicaid Services announced that average premiums, benefits, and plan choices for Medicare Advantage and the Medicare Part D prescription drug program will remain stable in 2024. Improvements adopted in the 2024 Rate Announcement, as... read more
by Carrie Haubensak | Sep 28, 2023 | Medicare
Over the past several months Telos Actuarial began posting Medicare enrollment snapshots for a number of states on LinkedIn. They now offer a full book including data for all 50 states, including a collection of Medicare enrollment data visuals by state. Here’s what... read more
by Carrie Haubensak | Sep 27, 2023 | Insurance Industry, Medicare, Medicare Supplement
CompanyDateIncrease Amount Comments Ace Property and Casualty Insurance Company 9/1/2023 - 10/1/20234.4%Indiana & Tennessee Allstate Health Solutions 11/1/20238.3%Mississippi & Nebraska American Benefit Life Insurance Company 9/1/20234.0%South Carolina... read more
by Carrie Haubensak | Sep 26, 2023 | Life Insurance, Medicare, 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 LP Insurance Marketing Group, an independent marketing organization based in Hartford,... read more
by Carrie Haubensak | Sep 21, 2023 | Medicare, news
The Centers for Medicare & Medicaid Services finalized a rule Monday to streamline enrollment in Medicare Savings Programs with the aim of making coverage affordable for 860,000 more people. Effective Nov. 17, the new CMS rule is designed to simplify processes for... read more
