by Carrie Haubensak | May 8, 2023 | Insurance Industry, Medicare, Medicare Supplement
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 1st quarter 2032 Medicare Supplement sales of $7.8 million, 20% higher than sales in 1st quarter 2022. For the past 12 months CNO Financial Group... read more
by Carrie Haubensak | May 4, 2023 | Insurance Industry, Medicare, Medicare Advantage, news
According to recently released data from the Centers for Medicare & Medicaid Services (CMS), Medicare Advantage now provides Medicare coverage for just over half of eligible beneficiaries. In January 2023, 30.19 million of the 59.82 million people with both... read more
by Carrie Haubensak | May 3, 2023 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 1st quarter 2023, CVS Health reported Medicare Supplement member in-force counts of 1,344,000, an increase of 52,000 over the past 12 months, but a decrease of 19,000 in the past quarter. The 52,000 increase in membership in the past 12 months is down almost 65%... read more
by Carrie Haubensak | May 2, 2023 | Uncategorized
CompanyDate Average IncreaseComments AARP - UnitedHealthcare Insurance Company 6/1/20236.5%Varies by state & plan Accendo Insurance Company 6/1/20237.3%Varies by state & plan Aetna Health and Life Insurance Company 7/1/20233.0%Rhode Island Aetna Health... read more
by Carrie Haubensak | May 2, 2023 | Accident, Insurance Industry
The market for ancillary health products continues to be robust across a wide range of consumers. According to Telos Actuarial, accident products are currently responsible for nearly $7.7 billion of annual earned premium across both the individual and group markets.... read more
by Carrie Haubensak | May 2, 2023 | Insurance Industry, Medicare Supplement
As reported by CSG Actuarial last month, the 2022 overall Medicare Supplement market loss ratio of 80.4% returned to normal historical levels due to a rebound in utilization of non-Covid medical care the past two years. Within the overall 2022 Medicare Supplement loss... read more
by Carrie Haubensak | May 2, 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 acquired Consolidated Marketing Group (“CMG”), an independent marketing organization... read more
by Carrie Haubensak | Apr 28, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement, news
Humana reported 1st quarter 2023 Medicare Supplement lives of 294,000, down 6.3% from the result at 4th quarter 2022 and a 7.7% decrease compared to 1st quarter 2022. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter... read more
by Carrie Haubensak | Apr 28, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement
The Medicare program continues to offer sustainable, long-term growth and opportunities. Over the next ten years it is expected that 40.6 million individuals will turn age 65 and that the Medicare-eligible population will grow from 65.0 million beneficiaries to 78.7... read more
by Carrie Haubensak | Apr 28, 2023 | Insurance Industry, Medicare Supplement
CSG Actuarial has tracked all of the new business rate increases implemented on Medicare Supplement blocks of business since 2011. Here are the average new business Medicare Supplement rate increases by state for 2018 – 2022. State20182019202020212022... read more
by Carrie Haubensak | Apr 28, 2023 | Insurance Industry, Medicare Supplement
CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2022 totaled $36.1 billion, a 1.4% increase over 2021. The 10 states with the highest percentage of Medicare... read more
by Carrie Haubensak | Apr 28, 2023 | Insurance Industry, Medicare Supplement, 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 acquired Sellyei & Rundle, an independent marketing organization (“IMO”) based... read more
