This week we are reading about how the top 10 payers are broadening access to COVID-19 care, how the coronavirus is impacting agent incomes, AmeriLife’s acquisition of Jack Schroeder & Associates and TR King Insurance Marketing’s purchase of Chelsea Insurance Group.
Top 10 Payers’ Strategies for Broadening Access to COVID-19 Care | HealthPayerIntelligence | April 6, 2020
In light of the coronavirus outbreak, payers across America are lowering patients’ healthcare spending and enabling access to care in a variety of ways involving telehealth, cost-sharing waivers, relaxed hospital restrictions, special enrollment periods, and other strategies.
The top ten largest payers in the nation tend to attack coronavirus from multiple angles in an effort to serve their large consumer bases.
Read the article on healthpayerintelligence.com here.
60% of Medicare Agents Say They Have Lost Income to COVID-19 | InsuranceNewsNet | April 2, 2020
Sixty percent of Medicare insurance agents say their income declined over the past month as COVID-19 shut down businesses and forced Americans indoors.
The online poll was conducted by the American Association for Medicare Supplement Insurance. Thirty percent of agents said the pandemic has had “no real impact” on their business, while 42.5% said their business income is down 1% to 49%.
Another 17.5% said their income is down 50% or more, while 10% of respondents said their income is up.
Read the article on insurancenewsnet.com here.
AmeriLife, Expands Medicare-Centric Services with Acquisition of Jack Schroeder & Associates | PR Newswire | April 1, 2020
AmeriLife Group, LLC (AmeriLife), the national leader in marketing and distributing life, health and retirement solutions, has acquired a majority interest in Jack Schroeder and Associates, LLC (JSA), an insurance marketing organization based in Green Bay, Wisc.
This transaction – along with the recent acquisitions of Stephens-Matthews – further expands AmeriLife’s capabilities and distribution reach to meet the Medicare and life insurance needs of America’s retirees.
JSA brings to the table over 48 years of Medicare brokerage experience and expert knowledge, enabling independent insurance agents access to the nation’s top senior health insurance products. This, combined with a well-earned reputation, positions JSA as an organization that goes above and beyond what it takes to assist agents in their daily success and future growth.
Read the full article on prnewswire.com here.
TR King Insurance Marketing Announces Purchase of Chelsea Insurance Group | USA Today | January 23, 2020
TR King Insurance Marketing, an Insurance Field Marketing Organization based in Roanoke, Virginia that offers high-level contracts with the nation’s leading insurance providers for both life and health, has announced the purchase of Chelsea Insurance Group of Troy, Ohio, a national final expense insurance agency. The purchase will allow TR King to continue to consolidate and expand its base of over two thousand independent insurance agents.
As one of the most reliable insurance marketing companies in the nation, TR King Insurance Marketing uses the experience and knowledge gained over twenty years in the insurance industry to provide superior support to insurance agents, especially those active in the annuity, final expense, Medicare Advantage, and Medicare Supplements insurance markets.
The purchase of Chelsea Insurance Group expands TR King Insurance Marketing further into the final expense insurance market, complementing its other areas of activity.
Read the full press release on classifieds.usatoday.com here.