by Jason Yoo | May 5, 2021 | Insurance Industry, Medicare Advantage, news
First Quarter 2021 Highlights: As of March 31, 2021, the Company served approximately 4.6 million members, an increase of 1.2 million members, or 35%, compared to March 31, 2020. Premium revenue was $6.3 billion for the first quarter of 2021, an increase of 47%... read more
by Jason Yoo | Apr 29, 2021 | Market Potential Alert, news
The Department also released the 2021 Marketplace Open Enrollment report, which shows over 12 million consumers nationally selected a Marketplace plan during the 2021 Open Enrollment Period (OEP), a 5% increase from the 2020 OEP. Read the Full 2021 Open Enrollment... read more
by Jason Yoo | Apr 29, 2021 | Insurance Industry, Medicare Advantage, news
1st Quarter 2021 Highlights: Managed care membership of 25.1 million, an increase of 1.3 million members, or 5% year-over-year Total revenues of $30.0 billion, representing 15% growth year-over-year Health benefits ratio (HBR) of 86.8%, compared to 88.0% for the first... read more
by Jason Yoo | Apr 28, 2021 | Medicare Advantage, news
Molina Healthcare, Inc. (NYSE: MOH) and Cigna Corporation (NYSE: CI) today announced that they have entered into a definitive agreement pursuant to which Molina will acquire Cigna’s Texas Medicaid and Medicare-Medicaid Plan (MMP) contracts and certain operating... read more
by Jason Yoo | Apr 28, 2021 | Medicare Advantage, Medicare Supplement, news
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, announced it has acquired of Plan Advisors, a leading independent marketing organization (IMO) with offices in Louisville, Kentucky and... read more
by Jason Yoo | Apr 27, 2021 | Medicare Advantage, Medicare Supplement, news
Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families throughout the United States and Canada, and Etelequote Limited, a senior health insurance distributor of Medicare-related insurance policies, announced today that they have... read more
by Carrie Haubensak | Apr 27, 2021 | Uncategorized
CompanyEffective DateAverage IncreaseComments AARP - UnitedHealthcare Insurance Company 6/1/20215.8%0% - 18.3%; Varies by state and plan Accendo Insurance Company 6/1/20212.0%DE, MD, RI, VT American Continental Insurance Company (Aetna) 6/1/20213.8%0% - 8%; North... read more
by Jason Yoo | Apr 22, 2021 | Medicare Advantage, Medicare Supplement, news
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, announced it has acquired of Deft Research, LLC (“Deft Research”), the healthcare industry’s leading source for consumer and market data.... read more
by Jason Yoo | Apr 22, 2021 | Medicare Advantage, Medicare Supplement, news
1st Quarter 2021 Highlights: Operating Revenue: Operating revenue was $32.1 billion in the first quarter of 2021, an increase of $2.7 billion, or 9.0 percent, versus the prior year quarter and 10.7 percent after adjusting for the health insurance tax. The increase was... read more
by Jason Yoo | Apr 22, 2021 | news
AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing annuity, life, and health insurance solutions, announced it has acquired DFS Marketing, an FMO distributing annuity and life insurance through independent agents. “DFS... read more
by Jason Yoo | Apr 22, 2021 | Medicare Advantage, news
Despite the pandemic’s deleterious public health and economic effects, COVID-19 has been a major catalyst for funding in the healthcare space. Global healthcare investment hit a record high last year with $80.6 billion in equity funding across more than 5,500... read more
by Jason Yoo | Apr 22, 2021 | Medicare Advantage, news
To help older Americans get access to the COVID-19 vaccine, Cigna is providing transportation to and from vaccine sites at no extra cost to customers in the majority of its Cigna Medicare Advantage plans1 across the country. “We are at a critical juncture in our fight... read more
