by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, Medicare, Medicare Advantage
The Medicare Advantage program is undergoing its biggest shifts in more than two decades. Payers can take steps now to mount a strategic, agile response as the changes unfold. Brokers are vital to the Medicare Advantage (MA) ecosystem, representing 70 percent of MA...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, news
Swiss Re’s business unit CEOs have outlined key themes they expect to shape the re/insurance industry in 2025, with a focus on geopolitical instability, rising natural catastrophe losses, and evolving market dynamics. According to Swiss Re Institute, 2024 marked...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, Medicare Advantage, news
The past couple of years have seen the sharp ascendancy of Medicare Advantage to now include more than half of all beneficiaries with Medicare coverage. The alternative to the traditional fee-for-service Medicare has proven popular with consumers due to...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, Medicare, Medicare Advantage, news
Virtually all enrollees in Medicare Advantage (99%) are required to obtain prior authorization for some services – most commonly, higher cost services, such as inpatient hospital stays, skilled nursing facility stays, and chemotherapy. This contrasts with traditional...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, news
The “record” annuity sales of 2024 are likely to continue into 2025, according to Sri Reddy, senior vice president of Retirement Income Solutions at Principal Financial Group. “Higher interest rates, volatile equity markets, and inflation — coupled...
by Carrie Haubensak | Dec 19, 2024 | Insurance Industry, Medicare Advantage, news
Medicare Advantage has steadily grown over the past decade, and now encompasses more than half of all seniors eligible for Medicare. However, over the past year, the industry has faced significant headwinds, which as stymied some payers’ expansion plans. These...
