by Carrie Haubensak | Mar 23, 2023 | Insurance Industry, Life Insurance, news
Enough positive variables are in play for LIMRA analysts to project record-level life insurance premium through 2024. Specifically, December 2020 changes to the Internal Revenue Service tax code criteria that cash value life insurance policies must meet to retain... read more
by Carrie Haubensak | Mar 23, 2023 | Insurance Industry, news
Wink Inc. reported deferred annuity sales in both the fourth quarter, and in all of 2022, were the greatest they have been since Wink began tracking sales of the product in 2015. It is likely the greatest sales have ever been for deferred annuities. Total fourth... read more
by Carrie Haubensak | Mar 23, 2023 | Insurance Industry, news
The Medicare Payment Advisory Commission’s recent breakdown of the hospital sector’s financial viability largely struck a different tone from the doom and gloom industry groups have voiced as of late. The independent commission advises Congress on year-to-year... read more
by Carrie Haubensak | Mar 23, 2023 | Medicare Advantage
The insurance industry has claimed that a potential cut to Medicare Advantage (MA) payments in 2024 could lead them to trim benefits or hike premiums for seniors next year. But some experts say the impact of the rate changes could have a negligible effect on... read more
by Carrie Haubensak | Mar 17, 2023 | Insurance Industry
U.S. insurers generated more than $380 billion in annuity payments of all kinds in 2022, up from $325 billion in 2021, according to the National Association of Insurance Commissioners. Top 12 Apollo Global $32.0 billion Mass Mutual $22.7 billion AIG $20.8 billion... read more
by Carrie Haubensak | Mar 17, 2023 | Insurance Industry, Medicare Advantage
The COVID pandemic has disrupted longstanding trends in health spending, utilization, and employment, and created challenges for insurers to accurately predict their costs and set premiums. In the early months of 2020, use of health services dropped sharply, as... read more
by Carrie Haubensak | Mar 17, 2023 | Insurance Industry
The Department of Health and Human Services, through the Centers for Medicare & Medicaid Services (CMS), announced 27 prescription drugs for which Part B beneficiary coinsurances may be lower from April 1 – June 30, 2023. Some people with Medicare who take these... read more
by Carrie Haubensak | Mar 17, 2023 | Insurance Industry, Life Insurance
Enough positive variables are in play for LIMRA analysts to project record-level life insurance premium through 2024. Specifically, December 2020 changes to the Internal Revenue Service tax code criteria that cash value life insurance policies must meet to retain... read more
by Carrie Haubensak | Mar 17, 2023 | Insurance Industry, Medicare Advantage, news
By the end of 2023, more than half of the total Medicare population is expected to be enrolled in Medicare Advantage (MA), which has climbed from 25.2 million members in 2020 to 31.5 million members today. Patients already have a surfeit of MA options, with the... read more
by Carrie Haubensak | Mar 10, 2023 | Insurance Industry, Life Insurance
U.S. individual life insurance application activity continued to increase in February, and activity growth for applicants under 30 was especially strong, according to new MIB Group data. The insurance data-sharing consortium saw the number of applications flowing... read more
by Carrie Haubensak | Mar 10, 2023 | Insurance Industry, Life Insurance
indexed life insurance policies continued to sell well in the fourth quarter, as sales of two other types of non-variable cash value life insurance dropped. Wink — a Des Moines, Iowa-based life and annuity market monitoring firm — published on Tuesday a new insurer... read more
by Carrie Haubensak | Mar 8, 2023 | Critical Illness, Insurance Industry, news
As shown in a recent Telos blog, the market for ancillary health products continues to grow. Critical Illness insurance currently contributes a billion dollars in earned premium each year! With a continually-growing senior population, fairly frequent diagnoses of... read more
