by Jason Yoo | Mar 4, 2021 | Medicare Advantage, news
Highmark Inc. announced today that its affiliation first unveiled in June 2020 with HealthNow New York Inc. has become effective. In the coming months, the newly affiliated organization will be rebranded Highmark Blue Cross Blue Shield of Western New York and Highmark... read more
by Jason Yoo | Mar 3, 2021 | Insurance Industry, news
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has acquired Access Capital Group, LLC (“Access Capital”), the market’s leading financing company for insurance agents... read more
by Jason Yoo | Mar 2, 2021 | Medicare Supplement, news
Seniors who choose Medigap policies have high rates of satisfaction with their choice, particularly due to reduced out-of-pocket healthcare spending, according to a survey that America’s Health Insurance Plans (AHIP) commissioned. “More than 14 million Americans rely... read more
by Jason Yoo | Mar 2, 2021 | Medicare Advantage, Medicare Supplement, news
CSG Actuarial has compiled key information from SelectQuote, Inc.’s publicly available financial information, focusing primarily on their Medicare segment results. Note: SelectQuote’s Fiscal Year ends on June 30. The 2nd Quarter 2021 reflects the three months ended... read more
by Jason Yoo | Feb 26, 2021 | Medicare Supplement, news
CNO Financial Group, Inc. (“CNO”) focuses on serving middle-income pre-retiree and retired Americans. CNO sell our products through exclusive agents, independent producers and direct marketing under three primary brands: Bankers Life, Washington National and... read more
by Jason Yoo | Feb 26, 2021 | Insurance Industry, news, Uncategorized
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, announced it has acquired J. Berg & Associates, a leading insurance marketing organization (“IMO”) based in St. Louis, Missouri. “J.... read more
by Carrie Haubensak | Feb 25, 2021 | Uncategorized
CompanyEffective DateAverage IncreaseComments Accendo Insurance Company 6/1/20215.0%Virginia Aetna Health Insurance Company 3/1/20212.9%0% - 8%; Varies by state American Continental Insurance Company (Aetna) 3/1/20213.0%Wyoming American Retirement Life Insurance... read more
by Jason Yoo | Feb 18, 2021 | Insurance Industry, Medicare Advantage, news
Full Year 2020 Highlights: December 31, 2020 managed care membership of 25.5 million, an increase of 10.3 million members, or 67%, over December 31, 2019. Total revenues of $28.3 billion for the fourth quarter of 2020, representing 50% growth compared to the fourth... read more
by Jason Yoo | Feb 17, 2021 | Medicare Advantage, Medicare Supplement, news
Overall Company Fully Year and Fourth Quarter 2020 Highlights: Full Year Total Revenues increased to $268.7 billion, up 4.6% compared to prior year Overall Medical membership as of December 31, 2020 of 23.4 million, an increase of 504,000 from the prior year The CVS... read more
by Jason Yoo | Feb 17, 2021 | Insurance Industry, Medicare Advantage, news
Molina Healthcare reported net income of $34 million for the fourth quarter, a decrease of $134 million from the prior-year’s fourth quarter. Molina ended the quarter with Total Membership of 4,032,000, an increase of 701,000 from Fourth quarter 2019. The... read more
by Jason Yoo | Feb 16, 2021 | Insurance Industry, news
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, announced it has acquired SeniorCare Benefits, LLC. one of the industry’s most rapidly growing direct-to-consumer contact centers. With... read more
by Jason Yoo | Feb 11, 2021 | Medicare, Medicare Advantage, news
CSG Actuarial compiled the following highlights from the various January 2021 enrollment files. Medicare Advantage Nationwide enrollment grew by 9.4% to 26.6 million compared to the prior year Standalone PDP enrollment shrank by 3.2% to 24.4 million compared to the... read more
