by Carrie Haubensak | Nov 3, 2023 | Life Insurance, news
With a majority of carriers reporting higher results in the third quarter, total individual life insurance new annualized premium increased 5% to $3.7 billion year-over-year, according to the preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales... read more
by Carrie Haubensak | Nov 3, 2023 | Medicare, Medicare Supplement
It’s an unfortunate fact of life: As we get older, our health-related expenses go up. Even with that in mind, many retirement-age people are greatly underestimating what health care will cost them in the years ahead. In a recent Mutual of Omaha survey of consumers 60... read more
by Carrie Haubensak | Nov 1, 2023 | Medicare, Medicare Advantage, Medicare Supplement
For 3rd quarter 2023, CVS Health reported Medicare Supplement member in-force counts of 1,352,000, an increase of 7,000 over the past 12 months and 1,000 in the past quarter. The 7,000 increase in membership in the past 12 months is down substantially from the... read more
by Carrie Haubensak | Oct 31, 2023 | 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 Senior Med Benefits, a leading independent marketing organization based in Fruit... read more
by Carrie Haubensak | Oct 30, 2023 | Insurance Industry, Medicare Supplement
CompanyDateIncrease AmountComments AARP - UnitedHealthcare Insurance Company 1/1/20246.3%New Hampshire, Oklahoma & Oregon (Supp & Select) AARP - UnitedHealthcare Insurance Company of New York 1/1/20249.2%New York Allstate Health Solutions 1/1/2024 -... read more
by Carrie Haubensak | Oct 24, 2023 | Insurance Industry, news
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 Health & Wealth Agency, a leading independent marketing organization based in... read more
by Carrie Haubensak | Oct 23, 2023 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Elevance Health (formerly Anthem, Inc.) released 3rd quarter 2023 financials on October 18th, reporting an increase of 2,000 Medicare Supplement lives in the 3rd quarter and a decrease of 17,000 Medicare Supplement lives over the past 12 months. The Elevance Health... read more
by Carrie Haubensak | Oct 23, 2023 | Medicare, Medicare Advantage
CMS recently released Medicare Advantage and PDP fair market value broker compensation for 2024. Medicare Advantage (MAPD) increased 1.7% for both initial and renewals. Prescription Drug Plans (PDP) increased 8.7% for both initial year and renewals. The MAPD increase... read more
by Carrie Haubensak | Oct 23, 2023 | Life Insurance, news
Think life insurance only benefits your beneficiaries after you’re gone? You’re not alone. But the truth is, life insurance can provide many financial benefits you can take advantage of while you’re still alive. Having enough money to comfortably live during... read more
by Carrie Haubensak | Oct 20, 2023 | Insurance Industry, Life Insurance, news
The latest life insurance application data shows a sharp decline among a demographic that should be a reliable source of sales: Americans ages 50+. Overall, life insurance application activity finished the third quarter up 2.8% compared to the year-ago... read more
by Carrie Haubensak | Oct 20, 2023 | Insurance Industry, Medicare, news
The Centers for Medicare & Medicaid Services (CMS) publishes the Medicare Advantage (Medicare Part C) and Medicare Part D Star Ratings each year to measure the quality of health and drug services received by consumers enrolled in Medicare Advantage (MA) and... read more
by Carrie Haubensak | Oct 18, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement
Medicare Supplement market leader United Healthcare (UHC) released 3rd quarter 2023 financials on October 13th, reporting a 15,000 increase in Medicare Supplement lives in the 3rd quarter. The UHC enrollment table below features Standardized and Modernized policy... read more
