by Carrie Haubensak | Jan 15, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement, news
Medicare Supplement market leader United Healthcare (UHC) released 4th quarter 2023 financials on January 12th, reporting a 10,000 increase in Medicare Supplement lives in the 4th quarter. The UHC enrollment table below features Standardized and Modernized policy...
by Carrie Haubensak | Jan 4, 2024 | Insurance Industry, Medicare Supplement
Rate actions are the most important tool that carriers can use to manage the performance of their Medicare Supplement business. Rate increases (and sometimes rate decreases!) are used to adjust competitive positioning and to move loss ratios toward the pricing...
by Carrie Haubensak | Jan 2, 2024 | Insurance Industry, Medicare Supplement
CompanyDateIncrease AmountComments Ace Property and Casualty Insurance Company 9/1/2023 - 1/1/20246.8%Varies by state & plan Aetna Health and Life Insurance Company 2/1/2024 - 3/1/20247.5%Arizona & Utah Aetna Health Insurance Company 2/1/202411.3%Oklahoma...
by Carrie Haubensak | Dec 12, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement
Cigna reported 3rd quarter 2023 Medicare Supplement lives of 468,000, up 0.6% from the result at 2nd quarter 2023 and down 3.9% compared to 3rd quarter 2022. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2022. ...
by Carrie Haubensak | Dec 12, 2023 | Insurance Industry, Medicare Supplement, news
CSG Actuarial has compiled all of the new business rate increases implemented on Medicare Supplement blocks of business since 2011. The overall average increase for year-to-date 2023 is 5.5%, the highest since 2020. Historical average rate increases by year since...
by Carrie Haubensak | Dec 11, 2023 | Insurance Industry, Medicare, Medicare Supplement
Steady as she goes was the theme for the U.S. Medicare Supplement market through 2022, according to our latest benchmark report on the sector. Forty-five questionnaires were completed, representing 91 companies with Med Supp business. They include those with open...
