by Carrie Haubensak | Feb 23, 2023 | Insurance Industry, news
Annuity sales—helped along by rising interest rates—are surging. If current market conditions hold, fixed annuities, fixed-indexed annuities (FIAs), and registered index-linked annuities (RILAs) are predicted to compete more fiercely with one another during the next... read more
by Carrie Haubensak | Feb 23, 2023 | Insurance Industry, news
Humana Inc will exit the employer-based insurance business over the next 18 to 24 months, it said on Thursday, to focus primarily on government-backed programs such as Medicare for people aged 65 and older and its specialty businesses. The U.S. insurer raised its... read more
by Carrie Haubensak | Feb 23, 2023 | news
Older Americans may be doing better financially than the U.S. Census thought they were, according to a new analysis the agency recently released. The Census Bureau found that the population overall had higher income and slightly less poverty than previously thought,... read more
by Carrie Haubensak | Feb 23, 2023 | Medicare Advantage
Enrollment in Medicare Advantage (MA) is nearing 31.2 million following the annual enrollment period, about half of the total Medicare population, according to recent data from the Biden administration. The Centers for Medicare & Medicaid Services... read more
by Carrie Haubensak | Feb 16, 2023 | Medicare Advantage, news
Health insurers and the Biden administration are at loggerheads over whether Medicare Advantage (MA) plans will see a pay cut next year, the ramifications of which come amid increased regulatory scrutiny for the popular program. Insurer groups and some politicians... read more
by Carrie Haubensak | Feb 16, 2023 | Insurance Industry
Today, the Centers for Medicare & Medicaid Services (CMS) is providing an at-a-glance summary of news from around the agency: CMS Releases Updated Resources to Prepare for theMay 11 End of the COVID-19 Public Health Emergency and National Emergency January 30: The... read more
by Carrie Haubensak | Feb 16, 2023 | Insurance Industry, news
As it continues to build out its portfolio of businesses, Cigna is updating the branding for its subsidiaries. The overall holding company will now operate as the Cigna Group, according to an announcement issued Monday. The new name better reflects the company’s... read more
by Carrie Haubensak | Feb 14, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement
CSG Actuarial has compiled key enrollment information on Medicare Advantage and Medicare Supplement from SelectQuote, Inc.’s financial results for Calendar 4th Quarter 2022. SelectQuote Medicare Segment Calendar 4th Quarter 2022 Enrollment Highlights: Medicare... read more
by Carrie Haubensak | Feb 10, 2023 | Insurance Industry, news
U.S. individual life insurance application activity looked healthier in January, according to new MIB Group survey data. The insurance data-sharing consortium saw the number of applications flowing through its application-checking systems increase 8.6% from the number... read more
by Carrie Haubensak | Feb 10, 2023 | Insurance Industry, news
At the end of 2021, CVS Health CEO Karen Lynch laid out a strategic vision for the drugstore retail chain to expand beyond pharmacy services. During the company’s investor day more than a year ago, Lynch and company executives detailed plans to enhance the... read more
by Carrie Haubensak | Feb 10, 2023 | Insurance Industry, news
Total U.S. death counts, from all causes, may still be considerably higher than they were before the COVID-19 pandemic started. Preliminary death figures from the U.S. Centers for Disease Control and Prevention show that the CDC had recorded 178,769 deaths occurring... read more
by Carrie Haubensak | Feb 8, 2023 | Insurance Industry, Medicare Supplement, news
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 4th quarter 2022 Medicare Supplement sales of $10.4 million, 14% higher than sales in 4th quarter 2021. For the past 12 months CNO Financial Group... read more
