by Carrie Haubensak | Apr 23, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Elevance Health (formerly Anthem, Inc.) released 1st quarter 2024 financials on April 18th, reporting a decrease of 27,000 Medicare Supplement lives in the 1st quarter and a decrease of 29,000 Medicare Supplement lives over the past 12 months. The Elevance Health... read more
by Carrie Haubensak | Apr 23, 2024 | Insurance Industry, Medicare Supplement
As reported earlier this month, CSG Actuarial has compiled information from the NAIC* and other sources and reported that total earned premiums in the Medicare Supplement market in 2023 totaled $36.8 billion, a 1.8% increase over 2022. The breakdown of earned premiums... read more
by Carrie Haubensak | Apr 16, 2024 | Insurance Industry, Life Insurance
ICON, a joint venture between AIMCOR Group, LLC and AmeriLife Group, LLC, announced that it has entered into a partnership with KME Insurance Brokerage, a leading, national brokerage firm that specializes in corporate and individual disability and life insurance. “I’m... read more
by Carrie Haubensak | Apr 16, 2024 | Insurance Industry, Medicare, Medicare Supplement
Medicare Supplement rate increases continue to be one of the hottest topics in the market. Charts and tables below are updated with 2024 Q1 activity. Note that data pertains to open blocks of business and excludes instances where companies are implementing large rate... read more
by Carrie Haubensak | Apr 16, 2024 | Insurance Industry, Medicare, Medicare Supplement
Medicare Supplement market leader United Healthcare (UHC) released 1st quarter 2024 financials on April 16th, reporting a 30,000 decrease in Medicare Supplement lives in the 1st quarter. The UHC enrollment table below features Standardized and Modernized policy... read more
by Carrie Haubensak | Apr 16, 2024 | Insurance Industry, Medicare, Medicare Supplement
As reported by CSG Actuarial last week, the 2023 Medicare Supplement overall market loss ratio spiked to 83.8%, as premium levels struggled to keep up with increases in post-Covid claim utilization rates. Within the overall 2023 Medicare Supplement loss ratio of... read more
by Carrie Haubensak | Apr 16, 2024 | Insurance Industry, Medicare, news
Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has partnered with Strachan Health Insurance Partners, an independent marketing organization based in... read more
by Carrie Haubensak | Apr 11, 2024 | Insurance Industry, Medicare Supplement
CompanyDateRate Increase AmountComments AARP - UnitedHealthcare Insurance Company 6/1/2024 - 7/1/202415.1%Varies by state & plan AARP - UnitedHealthcare Insurance Company of America 6/1/2024 - 8/1/20249.7%Varies by state & plan Aetna Health and Life Insurance... read more
by Carrie Haubensak | Apr 11, 2024 | Insurance Industry
After months of waiting and speculation, we finally have received a final rule from the Departments of Health and Human Services, Labor, and the Treasury on Fixed Indemnity and Short-Term, Limited-Duration insurance policies. For Fixed Indemnity Excepted Benefit... read more
by Carrie Haubensak | Apr 10, 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 | Apr 10, 2024 | Insurance Industry, Medicare, Medicare Supplement, news
CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2023 totaled $36.8 billion, a 1.8% increase over 2022. Two notes of interest: The states with the most Medicare... read more
by Carrie Haubensak | Apr 9, 2024 | Insurance Industry, news
Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has partnered with Nobility Financial, an independent marketing organization based in Carrollton,... read more
