by Carrie Haubensak | May 16, 2023 | Insurance Industry, Medicare Supplement
As reported by CSG Actuarial last month, CSG Actuarial has compiled information from the NAIC* and other sources and reported that total earned premiums in the Medicare Supplement market in 2022 totaled $36.1 billion, a 1.4% increase over 2021. The breakdown of earned... read more
by Carrie Haubensak | May 16, 2023 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement, news
CSG Actuarial has compiled key enrollment information on Medicare Advantage and Medicare Supplement from eHealth Inc.’s 1st Quarter 2023 Financial results. eHealth Medicare Segment 1st Quarter 2023 Enrollment Highlights: Medicare Advantage new approved members... read more
by Carrie Haubensak | May 11, 2023 | Insurance Industry, news
Cigna Group raised its full-year guidance for adjusted earnings per share, revenue and customer growth as it reported first-quarter results Friday, including total revenue up 6% year over year at $46.5 billion. The insurer’s net income, at $1.3 billion, increased from... read more
by Carrie Haubensak | May 11, 2023 | Insurance Industry, news
Following record-high sales in 2022, total first quarter annuity sales were $92.9 billion, a 47% increase from the prior year. This represents the highest quarterly sales ever recorded, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales... read more
by Carrie Haubensak | May 8, 2023 | Insurance Industry, Medicare, Medicare Supplement
Founded in 2007, CSG Actuarial is the leader in providing Medicare Supplement quoting and enrollment solutions to the marketplace. CSG Actuarial’s quoting provides information for all carriers in the market. We have used that information to compile the chart below... read more
by Carrie Haubensak | May 8, 2023 | Insurance Industry, Medicare, Medicare Supplement
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 1st quarter 2032 Medicare Supplement sales of $7.8 million, 20% higher than sales in 1st quarter 2022. For the past 12 months CNO Financial Group... read more
by Carrie Haubensak | May 4, 2023 | Insurance Industry, Medicare, Medicare Advantage, news
According to recently released data from the Centers for Medicare & Medicaid Services (CMS), Medicare Advantage now provides Medicare coverage for just over half of eligible beneficiaries. In January 2023, 30.19 million of the 59.82 million people with both... read more
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%... read more
by Carrie Haubensak | May 2, 2023 | Uncategorized
CompanyDate Average IncreaseComments AARP - UnitedHealthcare Insurance Company 6/1/20236.5%Varies by state & plan Accendo Insurance Company 6/1/20237.3%Varies by state & plan Aetna Health and Life Insurance Company 7/1/20233.0%Rhode Island Aetna Health... read more
by Carrie Haubensak | May 2, 2023 | Accident, Insurance Industry
The market for ancillary health products continues to be robust across a wide range of consumers. According to Telos Actuarial, accident products are currently responsible for nearly $7.7 billion of annual earned premium across both the individual and group markets.... read more
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... read more
by Carrie Haubensak | May 2, 2023 | Insurance Industry, news
Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has acquired Consolidated Marketing Group (“CMG”), an independent marketing organization... read more
