by Carrie Haubensak | Sep 1, 2023 | Insurance Industry, news
Led by monster sales of fixed-indexed and income annuities, overall annuity sales hit $181.1 billion in the first half of 2023, increasing 27% and setting a new record, LIMRA reported. While second quarter sales didn’t match the record high set in the first quarter,... read more
by Carrie Haubensak | Sep 1, 2023 | Medicare, news
The Centers for Medicare and Medicaid Servicesy announced the first 10 prescription drugs that will be subject to Medicare price negotiations under the Inflation Reduction Act. Under the act, Medicare will be able to directly negotiate with drugmakers over prices for... read more
by Carrie Haubensak | Aug 29, 2023 | Insurance Industry, Medicare Supplement
CompanyDateIncrease AmountComments AARP - UnitedHealthcare Insurance Company 9/1/20231.3%Hawaii Allstate Health Solutions 10/1/20232.9%Arkansas, Louisiana & Ohio American Benefit Life Insurance Company 9/1/20233.0%Indiana American Financial Security Life Insurance... read more
by Carrie Haubensak | Aug 29, 2023 | Insurance Industry, news
Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has partnered with Community Care Agency, an independent marketing organization (“IMO”)... read more
by Carrie Haubensak | Aug 24, 2023 | Insurance Industry, Life Insurance, news
Consumers in the U.S. showed a preference for a combination of benefits growth potential and benefits guarantees when they bought individual life insurance policies in the second quarter. The number of indexed universal policies sold was 22% higher in the latest... read more
by Carrie Haubensak | Aug 24, 2023 | Medicare Advantage, news
Insurers often negotiate hospital prices for their commercial health plans that are up to five times the Medicare Advantage price, a study published in Health Affairs found. It was already a well-established pattern that commercial plans pay more than Medicare... read more
by Carrie Haubensak | Aug 24, 2023 | Medicare, Medicare Advantage, Medicare Supplement, news
The Centers for Medicare & Medicaid Services (CMS) announced today that the Medicare Shared Savings Program saved money for Medicare while continuing to support high-quality care. Specifically, the program saved Medicare $1.8 billion in 2022 compared to spending... read more
by Carrie Haubensak | Aug 24, 2023 | news
As the Medicare industry gears up for AEP (Annual Enrollment Period) season, there’s a significant increase in marketing and educational activity. No doubt this time of year your inbox is full of invitations to webinars and trainings along with fresh marketing buzz... read more
by Carrie Haubensak | Aug 24, 2023 | Insurance Industry, news
Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced the Integrity Foundation has completed the first of many community legacy and support initiatives to... read more
by Carrie Haubensak | Aug 17, 2023 | Insurance Industry, Medicare Advantage
Star ratings bonuses jumped 30% from 2022 to 2023 to reach $12.8 billion, according to the KFF, as the Medicare program faces a growing spending crisis. Federal spending on Medicare Advantage bonus payments has risen every year since 2015, and will reach at least... read more
by Carrie Haubensak | Aug 17, 2023 | Uncategorized
Medicare provides health insurance coverage to 65 million people in the U.S., including 57 million older adults and nearly 8 million younger adults with disabilities. Coverage of Medicare benefits is provided through either traditional Medicare or Medicare Advantage... read more
by Carrie Haubensak | Aug 17, 2023 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
CSG Actuarial has compiled key enrollment information on Medicare Advantage and Medicare Supplement from eHealth Inc.’s 2nd Quarter 2023 Financial results. eHealth Medicare Segment 2nd Quarter 2023 Enrollment Highlights: Medicare Advantage new approved members... read more
