by Carrie Haubensak | Nov 7, 2024 | Insurance Industry, Medicare, Medicare Advantage
Medicare Advantage’s popularity is associated with lower total Medicare spending, a new report from Elevance Health finds. Medicare spending was $431 billion less from 2010 to 2020 than the Congressional Budget Office predicted, and the overestimations were due to... read more
by Carrie Haubensak | Nov 7, 2024 | Insurance Industry
Strong economic conditions and a growing awareness of the power of guaranteed income continued to drive record-setting annuity sales through the third quarter, LIMRA reported. Total annuity sales increased 29% year over year to $114.6 billion in Q3, according to... read more
by Carrie Haubensak | Nov 7, 2024 | Insurance Industry, Medicare, Medicare Supplement
Cigna reported 3rd quarter 2024 Medicare Supplement lives of 485,000, up 2.5% from the result at 2nd quarter 2024 and 3.6% compared to 3rd 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 | Nov 7, 2024 | Insurance Industry
Integrity Marketing Group announced it has been awarded Best Company Outlook from Comparably, a leading workforce surveyor and employee sentiment platform. The award recognizes companies rated by employees as holding significant potential for a bright future,... read more
by Carrie Haubensak | Oct 31, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Humana reported 3rd quarter 2024 Medicare Supplement lives of 357,300, up 5.3% from the result at 2nd quarter 2024 and 19.3% compared to 3rd quarter 2023. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2017. Humana... read more
by Carrie Haubensak | Oct 31, 2024 | Insurance Industry, Medicare Supplement
Insurance companies that operate in the brokerage Medicare Supplement market typically offer per policy bonuses to encourage agents to sell their products. These bonuses generally vary by underwriting type to assist in achieving an appropriate mix of business. Below... read more
by Carrie Haubensak | Oct 29, 2024 | Insurance Industry
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 Community Insurance Partners, based in Mobile, Alabama, and led by Jason Jones.... read more
by Carrie Haubensak | Oct 29, 2024 | Insurance Industry, Medicare Supplement
CompanyDateRate IncreaseComments AARP - UnitedHealthcare Insurance Company 1/1/20256.8%New Hampshire & Oklahoma AARP - UnitedHealthcare Insurance Company of New York1/1/202510.2%New York Aetna Health Insurance Company 12/1/202416.3%New Jersey AFLAC... read more
by Carrie Haubensak | Oct 24, 2024 | Insurance Industry
The market dominance and fairness of the world’s oldest credit rating agency, AM Best, has come under fire recently as some insurers have questioned its methods and bemoaned its stranglehold on the industry. AM Best, which has provided insurance industry credit... read more
by Carrie Haubensak | Oct 24, 2024 | Insurance Industry, Medicare Advantage
Centene is taking the federal government to court over the scoring of next year’s star ratings, as the latest major insurer to cry foul over the results. Centene argued that a secret shopper call from an anonymous surveyor was miscategorized and was held against the... read more
by Carrie Haubensak | Oct 24, 2024 | Life Insurance, Medicare Supplement
As reported by Telos Actuarial in both Q1 and Q2 of 2024, Medicare supplement rate increases have been increasing relative to prior years. Now, results through the third quarter are in. In general, Medicare claim trends have been elevated since 2023 and carriers have... read more
by Carrie Haubensak | Oct 23, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Elevance Health (formerly Anthem, Inc.) released 3rd quarter 2024 financials on October 17th, reporting no change in Medicare Supplement lives in the 3rd quarter and a decrease of 34,000 Medicare Supplement lives over the past 12 months. The Elevance Health... read more
