by Carrie Haubensak | Feb 8, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement, news
For 4th quarter 2022, CVS Health reported Medicare Supplement member in-force counts of 1,363,000, up 18,000 from 3rd quarter 2022 and 78,000 over the past 12 months. The 78,000 increase in membership in 2022 is down more than 60% from the membership growth in 2021. ... read more
by Carrie Haubensak | Feb 2, 2023 | Medicare Advantage, news
Medicare Advantage plan rates will increase by 2.09% next year, largely in line with analyst expectations but likely lower than payers had hoped. The 2024 Medicare Advantage and Part D Advance Notice released Wednesday also includes some technical changes to the risk... read more
by Carrie Haubensak | Feb 2, 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 | Feb 1, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement, news
Humana reported 4th quarter 2022 Medicare Supplement lives of 313,600, down 0.9% from the result at 3rd quarter 2022 and a 5.5% decrease compared to 4th quarter 2021. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter... read more
by Carrie Haubensak | Jan 30, 2023 | Insurance Industry, Medicare Supplement, news
CompanyDateAverage IncreaseComments Accendo Insurance Company 3/1/2023 - 5/1/20237.5%Varies by state & plan Aetna Health Insurance Company 3/1/20237.8%Kansas Aetna Health and Life Insurance Company 2/1/202310.8%Wisconsin Allstate Health Solutions... read more
by Carrie Haubensak | Jan 26, 2023 | Uncategorized
AIMCOR Consolidated LLC (“ICON”), a joint venture between AIMCOR Group, LLC (“AIMCOR”) and AmeriLife Group, LLC (“AmeriLife”), announced it has acquired Hansen Brokerage Services (“HBS”). Per the agreement, terms of the deal were not disclosed “With the pace that our... read more
by Carrie Haubensak | Jan 26, 2023 | Uncategorized
Elevance Health has inked a deal to acquire Blue Cross and Blue Shield of Louisiana, with the Pelican State insurer joining the Anthem Blue Cross affiliated plans. The acquisition builds on an existing partnership between the two insurers, according to... read more
by Carrie Haubensak | Jan 26, 2023 | Insurance Industry, news
Elevance Health (formerly Anthem, Inc.) released 4th quarter 2022 financials on January 25th, reporting an increase of 2,000 Medicare Supplement lives in the 4th quarter and a decrease of 5,000 Medicare Supplement lives over the past 12 months. The Elevance Health... read more
by Carrie Haubensak | Jan 25, 2023 | Insurance Industry, news
Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement solutions, announced it has acquired DeLong Sales Group, an independent marketing organization based in LaGrange, Georgia. As part of... read more
by Carrie Haubensak | Jan 19, 2023 | Insurance Industry, Medicare
A key Medicare panel recommended a 1% increase to hospital Medicare payments for 2024 as well as a 1.25% bump for doctors coupled with add-ons to safety-net primary and specialty care providers. The Medicare Payment Advisory Commission (MedPAC)—a panel that makes... read more
by Carrie Haubensak | Jan 19, 2023 | Insurance Industry, Life Insurance, news
Following record breaking growth in 2020 and 2021, U.S. life insurance application activity finished 2022 with year-to-date (YTD) activity down -5.5%, according to the MIB Life Index. When taking a historical lookback, total activity YTD for 2022 was down -2.3%... read more
by Carrie Haubensak | Jan 18, 2023 | Insurance Industry, Long Term Care
Did you know that sales in the Short Term Care insurance market have grown by 240% over the past five years? And that new sales are expected to grow another 55% over the next five years? Short Term Care plans are supplemental health insurance products that are... read more
