by Jason Yoo | Nov 13, 2020 | Medicare Advantage, Medicare Supplement, news
CSG Actuarial has compiled key information from SelectQuote, Inc. publicly available financial information, focusing primarily on their Medicare segment results for the quarter ended September 30, 2020. SelectQuote Q3 2020 Highlights: Senior Division Revenue for the... read more
by Jason Yoo | Nov 13, 2020 | Medicare, news
Integrity Marketing Group, LLC (“Integrity”) announced it has acquired Dallas-based American Group Insurance Brokerage Services. American Group President and Owner Shane Van Loon will continue to lead American Group also becoming a Managing Partner in Integrity.... read more
by Jason Yoo | Nov 9, 2020 | Medicare, Medicare Supplement, news, Uncategorized
For 2021, the standard Medicare Part B monthly premiums and the annual deductible are slightly higher than the 2020 amounts. The standard monthly premium for Medicare Part B enrollees will be $148.50 in 2021, an increase of $3.90 from $144.60 in 2020. The annual... read more
by Jason Yoo | Nov 6, 2020 | Insurance Industry, Medicare Advantage, news
Molina Healthcare reported net income of $185 million for the third quarter, an increase of $10 million from the prior-year’s third quarter. Molina ended the quarter with Total Membership of 4,033,000, an increase of 687,000 from third quarter 2019. The increase... read more
by Jason Yoo | Nov 6, 2020 | Medicare, news
Integrity Marketing Group, LLC (“Integrity”) announced it has acquired Western Asset Protection. Four decades ago, Western Asset Protection was initially built on Long-Term Care and Medicare Supplement insurance. In 2005, they expanded into Medicare Advantage... read more
by Jason Yoo | Nov 6, 2020 | Medicare Advantage, Medicare Supplement, news
Q3 2020 Highlights from Company Earnings Release: Total Revenues for the third quarter of $20.1 billion, an increase of 24% from the prior-year quarter 92%, or 4.1 million members are currently enrolled in 4-Star and above contracts Medicare Enrollment Comments:... read more
by Jason Yoo | Nov 6, 2020 | Medicare Supplement, news
AmeriLife Group announced it has acquired Forward Strategies Insurance Brokers, LLC (“Forward Strategies”), a national leader in marketing annuities, life insurance, long-term care and hybrid products based in Tucson, Ariz. Forward Strategies Insurance Brokerage is a... read more
by Carrie Haubensak | Nov 6, 2020 | Flash Report, Medicare Supplement, news
CompanyStatesEffective Date Plans Accendo Insurance CompanyVT10/2/2020A, F, G, N Avera Health Plans, IncIA, SD10/1/2020HDG (Select) Cigna Health & Life Insurance CompanyOR11/9/2020A, F, HDF, G, N Federal Life Insurance CompanyMD, TN10/23/2020A, F, G, N Humana... read more
by Carrie Haubensak | Nov 6, 2020 | Uncategorized
CompanyEffective DateAverage IncreaseComments AARP - UnitedHealthcare Insurance Company 1/1/2021 7.4% 0% - 20%; Varies by state Accendo Insurance Company 1/1/2021 6% Oklahoma Aetna Health and Life Insurance Company 3/1/2021 4.7% Arizona Aetna Health Insurance Company... read more
by Jason Yoo | Oct 30, 2020 | Medicare Advantage, Medicare Supplement, news
CSG Actuarial has compiled key information on the Medicare business from eHealth Inc.’s Q3 Financial results. eHealth Medicare Segment Q3 2020 Highlights: Medicare segment revenues for the quarter grew 23% year-over-year to $70.4 million 36% of Medicare major medical... read more
by Jason Yoo | Oct 30, 2020 | Medicare Advantage, Medicare Supplement, news
Q3 2020 Highlights: Operating Revenues was $30.6 Billion, 15.9% Growth over the prior year driven by higher premium revenue due to growth in Medicaid and Medicare Benefit expense ratio was 86.8% in the third quarter, a decrease of 40 basis points from 87.2% compared... read more
by Jason Yoo | Oct 30, 2020 | Insurance Industry, Medicare Advantage, news
Centene Corporation reported a profit of $568 million for the third quarter, nearly six times more than its net earnings in the prior-year’s third quarter. The increase was in large part due to the acquisition of WellCare which closed in January. In addition,... read more
