by Jason Yoo | Nov 13, 2020 | Medicare, news
Integrity Marketing Group, LLC (“Integrity”) announced it has acquired Dallas-based American Group Insurance Brokerage Services. American Group President and Owner Shane Van Loon will continue to lead American Group also becoming a Managing Partner in Integrity.... read more
by Jason Yoo | Nov 9, 2020 | Medicare, Medicare Supplement, news, Uncategorized
For 2021, the standard Medicare Part B monthly premiums and the annual deductible are slightly higher than the 2020 amounts. The standard monthly premium for Medicare Part B enrollees will be $148.50 in 2021, an increase of $3.90 from $144.60 in 2020. The annual... read more
by Jason Yoo | Nov 6, 2020 | Insurance Industry, Medicare Advantage, news
Molina Healthcare reported net income of $185 million for the third quarter, an increase of $10 million from the prior-year’s third quarter. Molina ended the quarter with Total Membership of 4,033,000, an increase of 687,000 from third quarter 2019. The increase... read more
by Jason Yoo | Nov 6, 2020 | Medicare, news
Integrity Marketing Group, LLC (“Integrity”) announced it has acquired Western Asset Protection. Four decades ago, Western Asset Protection was initially built on Long-Term Care and Medicare Supplement insurance. In 2005, they expanded into Medicare Advantage... read more
by Jason Yoo | Nov 6, 2020 | Medicare Advantage, Medicare Supplement, news
Q3 2020 Highlights from Company Earnings Release: Total Revenues for the third quarter of $20.1 billion, an increase of 24% from the prior-year quarter 92%, or 4.1 million members are currently enrolled in 4-Star and above contracts Medicare Enrollment Comments:... read more
by Jason Yoo | Nov 6, 2020 | Medicare Supplement, news
AmeriLife Group announced it has acquired Forward Strategies Insurance Brokers, LLC (“Forward Strategies”), a national leader in marketing annuities, life insurance, long-term care and hybrid products based in Tucson, Ariz. Forward Strategies Insurance Brokerage is a... read more
by Carrie Haubensak | Nov 6, 2020 | Flash Report, Medicare Supplement, news
CompanyStatesEffective Date Plans Accendo Insurance CompanyVT10/2/2020A, F, G, N Avera Health Plans, IncIA, SD10/1/2020HDG (Select) Cigna Health & Life Insurance CompanyOR11/9/2020A, F, HDF, G, N Federal Life Insurance CompanyMD, TN10/23/2020A, F, G, N Humana... read more
by Carrie Haubensak | Nov 6, 2020 | Uncategorized
CompanyEffective DateAverage IncreaseComments AARP - UnitedHealthcare Insurance Company 1/1/2021 7.4% 0% - 20%; Varies by state Accendo Insurance Company 1/1/2021 6% Oklahoma Aetna Health and Life Insurance Company 3/1/2021 4.7% Arizona Aetna Health Insurance Company... read more
by Jason Yoo | Oct 30, 2020 | Medicare Advantage, Medicare Supplement, news
CSG Actuarial has compiled key information on the Medicare business from eHealth Inc.’s Q3 Financial results. eHealth Medicare Segment Q3 2020 Highlights: Medicare segment revenues for the quarter grew 23% year-over-year to $70.4 million 36% of Medicare major medical... read more
by Jason Yoo | Oct 30, 2020 | Medicare Advantage, Medicare Supplement, news
Q3 2020 Highlights: Operating Revenues was $30.6 Billion, 15.9% Growth over the prior year driven by higher premium revenue due to growth in Medicaid and Medicare Benefit expense ratio was 86.8% in the third quarter, a decrease of 40 basis points from 87.2% compared... read more
by Jason Yoo | Oct 30, 2020 | Insurance Industry, Medicare Advantage, news
Centene Corporation reported a profit of $568 million for the third quarter, nearly six times more than its net earnings in the prior-year’s third quarter. The increase was in large part due to the acquisition of WellCare which closed in January. In addition,... read more
by Jason Yoo | Oct 30, 2020 | Medicare Advantage, news
GoHealth commissioned 2,000 online interviews to explore the implications and burden Gen X and Millennials face when supporting their aging parents. As the Baby Boomer generation continues to age, more Millennials and Gen X’ers are taking an important role in their... read more
