Manhattan Life Releases Medicare Supplement Product
Manhattan Life Insurance Company recently released Medicare Supplement products in Alabama, Arizona, Indiana, Missouri, and Ohio. Manhattan Life Insurance Company is part of the Manhattan Insurance Group and sister company of Family Life Insurance Company, which had more than 50,000 Medicare Supplement policies in-force at year end 2011.
Reported Medicare Advantage enrollment as of August 2012 was 13.2 million, 10% higher than August 2011. CSG Actuarial estimates that Medicare Advantage plans have captured approximately 35% of the individuals who’ve turned 65 and enrolled in Medicare in 2012.
Blue Cross of California Med Supp Policy In-force Counts Grow 16%
Blue Cross of California reported Q2 2012 Medicare Supplement policy in-force counts of almost 250,000, a 16% increase over Q2 2011. Analysis from CSG Actuarial indicates the persistency on this block of business in 2012 is stronger than it has been the past three years.