by Carrie Haubensak | Nov 14, 2024 | Medicare, Medicare Advantage, Medicare Supplement
On November 8, 2024, the Centers for Medicare & Medicaid Services (CMS) released the 2025 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2025 Medicare Part D income-related monthly adjustment amounts. Medicare...
by Carrie Haubensak | Nov 13, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 3rd quarter 2024, CVS Health reported Medicare Supplement member in-force counts of 1,291,000, a decrease of 3,000 in the past quarter and 61,000 over the past 12 months. The 61,000 decrease in membership in the past 12 months is a 4.5% decrease relative to the...
by Carrie Haubensak | Nov 7, 2024 | Insurance Industry, Medicare, Medicare Advantage
Medicare Advantage’s popularity is associated with lower total Medicare spending, a new report from Elevance Health finds. Medicare spending was $431 billion less from 2010 to 2020 than the Congressional Budget Office predicted, and the overestimations were due to...
by Carrie Haubensak | Oct 31, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Humana reported 3rd quarter 2024 Medicare Supplement lives of 357,300, up 5.3% from the result at 2nd quarter 2024 and 19.3% compared to 3rd quarter 2023. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2017. Humana...
by Carrie Haubensak | Oct 24, 2024 | Insurance Industry, Medicare Advantage
Centene is taking the federal government to court over the scoring of next year’s star ratings, as the latest major insurer to cry foul over the results. Centene argued that a secret shopper call from an anonymous surveyor was miscategorized and was held against the...
by Carrie Haubensak | Oct 23, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Elevance Health (formerly Anthem, Inc.) released 3rd quarter 2024 financials on October 17th, reporting no change in Medicare Supplement lives in the 3rd quarter and a decrease of 34,000 Medicare Supplement lives over the past 12 months. The Elevance Health...
