by Carrie Haubensak | Aug 15, 2024 | Insurance Industry
Sales of annuities, the once largely disparaged investment instrument, have been off the charts for the last several years. Consumers, mostly retirees or those close to retiring, have turned to annuities in record numbers, fueled by the seemingly reassuring financial... read more
by Carrie Haubensak | Aug 13, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Cigna reported 2nd quarter 2024 Medicare Supplement lives of 473,000, up 1.5% from the result at 1st quarter 2024 and 1.7% compared to 2nd quarter 2023. The table below shows Cigna’s Medicare Supplement enrollment counts by quarter since 1st quarter 2022. Based on... read more
by Carrie Haubensak | Aug 13, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 2nd quarter 2024, CVS Health reported Medicare Supplement member in-force counts of 1,294,000, a decrease of 6,000 in the past quarter and 57,000 over the past 12 months. The 57,000 decrease in membership in the past 12 months is a 4.2% decrease relative to the... read more
by Carrie Haubensak | Aug 13, 2024 | Insurance Industry
Integrity Foundation has completed its second annual community legacy and support initiative — a state-of-the-art playground in Fort Wayne, Indiana, built in a single Build Day. Completed in partnership with KABOOM!, the New Covenant Impact Center and Integrity... read more
by Carrie Haubensak | Aug 6, 2024 | Insurance Industry, Medicare Supplement
The following information is additional data to enhance the Medicare Supplement rate increase information provided in recent weeks. CSG Actuarial has compiled all of the new business rate increases implemented on Medicare Supplement blocks of business since 2011. As... read more
by Carrie Haubensak | Aug 6, 2024 | Insurance Industry, Medicare Supplement
The CSG Actuarial Premium Rate Scorecard™ provides an overall premium rate competitiveness ranking by company across all states, plans, ages, genders, households, and zip codes, based on actual Medicare Supplement quotes completed on CSG Actuarial’s Market Advisor... read more
by Carrie Haubensak | Aug 6, 2024 | Insurance Industry
A 65-year-old couple will need $395,000 in combined savings to afford the cost of certain Medicare plans in retirement, according to the Milliman Retiree Health Cost Index. The average healthy 65-year-old retiring in 2024 is projected to spend a significant amount on... read more
by Carrie Haubensak | Aug 6, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Humana reported 2nd quarter 2024 Medicare Supplement lives of 339,200, up 5.0% from the result at 1st quarter 2024 and 15.3% compared to 2nd quarter 2023. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2017. Humana... read more
by Carrie Haubensak | Aug 6, 2024 | Insurance Industry, Medicare
Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has partnered with Power Team Financial Services, an independent marketing organization based in Corona,... read more
by Carrie Haubensak | Aug 1, 2024 | Insurance Industry, Medicare, Medicare Supplement
Through the first quarter of 2024, Medicare supplement rate increases proved to be noticeably higher than in prior years. Now, results through the second quarter are in. In general, Medicare claim trends have been elevated since 2023. Carriers have begun implementing... read more
by Carrie Haubensak | Aug 1, 2024 | Medicare, Medicare Advantage, Medicare Supplement
The U.S. healthcare system remains complex and inaccessible, leaving many seniors feeling uninformed, according to a new survey from digital health company DUOS. The new national consumer survey found 49% of respondents did not know the difference between Medicare and... read more
by Carrie Haubensak | Aug 1, 2024 | Insurance Industry, Medicare
AmeriLife Group announced that it has partnered with Elite Insurance Group, an independent, Reidsville, Georgia-based insurance brokerage that specializes in the Medicare, health insurance, and life insurance markets. Per the agreement, terms of the deal were not... read more
