by Carrie Haubensak | May 3, 2023 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 1st quarter 2023, CVS Health reported Medicare Supplement member in-force counts of 1,344,000, an increase of 52,000 over the past 12 months, but a decrease of 19,000 in the past quarter. The 52,000 increase in membership in the past 12 months is down almost 65%...
by Carrie Haubensak | May 2, 2023 | Insurance Industry, Medicare Supplement
As reported by CSG Actuarial last month, the 2022 overall Medicare Supplement market loss ratio of 80.4% returned to normal historical levels due to a rebound in utilization of non-Covid medical care the past two years. Within the overall 2022 Medicare Supplement loss...
by Carrie Haubensak | Apr 28, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement, news
Humana reported 1st quarter 2023 Medicare Supplement lives of 294,000, down 6.3% from the result at 4th quarter 2022 and a 7.7% decrease compared to 1st quarter 2022. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter...
by Carrie Haubensak | Apr 28, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement
The Medicare program continues to offer sustainable, long-term growth and opportunities. Over the next ten years it is expected that 40.6 million individuals will turn age 65 and that the Medicare-eligible population will grow from 65.0 million beneficiaries to 78.7...
by Carrie Haubensak | Apr 28, 2023 | Insurance Industry, Medicare Supplement
CSG Actuarial has tracked all of the new business rate increases implemented on Medicare Supplement blocks of business since 2011. Here are the average new business Medicare Supplement rate increases by state for 2018 – 2022. State20182019202020212022...
by Carrie Haubensak | Apr 28, 2023 | Insurance Industry, Medicare Supplement
CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2022 totaled $36.1 billion, a 1.4% increase over 2021. The 10 states with the highest percentage of Medicare...
