by Carrie Haubensak | Feb 23, 2023 | news
Older Americans may be doing better financially than the U.S. Census thought they were, according to a new analysis the agency recently released. The Census Bureau found that the population overall had higher income and slightly less poverty than previously thought,... read more
by Carrie Haubensak | Feb 23, 2023 | Medicare Advantage
Enrollment in Medicare Advantage (MA) is nearing 31.2 million following the annual enrollment period, about half of the total Medicare population, according to recent data from the Biden administration. The Centers for Medicare & Medicaid Services... read more
by Carrie Haubensak | Feb 16, 2023 | Medicare Advantage, news
Health insurers and the Biden administration are at loggerheads over whether Medicare Advantage (MA) plans will see a pay cut next year, the ramifications of which come amid increased regulatory scrutiny for the popular program. Insurer groups and some politicians... read more
by Carrie Haubensak | Feb 16, 2023 | Insurance Industry
Today, the Centers for Medicare & Medicaid Services (CMS) is providing an at-a-glance summary of news from around the agency: CMS Releases Updated Resources to Prepare for theMay 11 End of the COVID-19 Public Health Emergency and National Emergency January 30: The... read more
by Carrie Haubensak | Feb 16, 2023 | Insurance Industry, news
As it continues to build out its portfolio of businesses, Cigna is updating the branding for its subsidiaries. The overall holding company will now operate as the Cigna Group, according to an announcement issued Monday. The new name better reflects the company’s... read more
by Carrie Haubensak | Feb 14, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement
CSG Actuarial has compiled key enrollment information on Medicare Advantage and Medicare Supplement from SelectQuote, Inc.’s financial results for Calendar 4th Quarter 2022. SelectQuote Medicare Segment Calendar 4th Quarter 2022 Enrollment Highlights: Medicare... read more
by Carrie Haubensak | Feb 10, 2023 | Insurance Industry, news
U.S. individual life insurance application activity looked healthier in January, according to new MIB Group survey data. The insurance data-sharing consortium saw the number of applications flowing through its application-checking systems increase 8.6% from the number... read more
by Carrie Haubensak | Feb 10, 2023 | Insurance Industry, news
At the end of 2021, CVS Health CEO Karen Lynch laid out a strategic vision for the drugstore retail chain to expand beyond pharmacy services. During the company’s investor day more than a year ago, Lynch and company executives detailed plans to enhance the... read more
by Carrie Haubensak | Feb 10, 2023 | Insurance Industry, news
Total U.S. death counts, from all causes, may still be considerably higher than they were before the COVID-19 pandemic started. Preliminary death figures from the U.S. Centers for Disease Control and Prevention show that the CDC had recorded 178,769 deaths occurring... read more
by Carrie Haubensak | Feb 8, 2023 | Insurance Industry, Medicare Supplement, news
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 4th quarter 2022 Medicare Supplement sales of $10.4 million, 14% higher than sales in 4th quarter 2021. For the past 12 months CNO Financial Group... read more
by Carrie Haubensak | Feb 8, 2023 | Insurance Industry, Medicare Advantage, Medicare Supplement, news
For 4th quarter 2022, CVS Health reported Medicare Supplement member in-force counts of 1,363,000, up 18,000 from 3rd quarter 2022 and 78,000 over the past 12 months. The 78,000 increase in membership in 2022 is down more than 60% from the membership growth in 2021. ... read more
by Carrie Haubensak | Feb 2, 2023 | Medicare Advantage, news
Medicare Advantage plan rates will increase by 2.09% next year, largely in line with analyst expectations but likely lower than payers had hoped. The 2024 Medicare Advantage and Part D Advance Notice released Wednesday also includes some technical changes to the risk... read more
