This week, we have an update on Combined Insurance’s plan to expand their agent force in 2017 and more information on the DOJ’s ramping up of efforts in their investigation of Medicare Advantage overpayments.

Combined Insurance Aims to Hire 1,600 Sales Agents by End of 2017 | PRNewswire | June 15, 2017

The insurance industry continues to offer opportunities for career stability, growth and reward. In fact, the Insurance Information Institute has indicated that employment of both insurance brokers and sales agents is expected to grow 9% by the year 2024.

Aligned with the industry growth, Combined Insurance, a leading provider of individual supplemental accident, disability, health, and life insurance products, and a Chubb company, is announcing plans to hire 1,600 more sales agents throughout the country by the end of 2017.

See the full press release on here.

DOJ sends warning shots on Medicare Advantage overpayments | HealthcareDive | June 13, 2017

The Medicare Advantage (MA) program seems to be hitting the sweet spot, with more interest from beneficiaries as well as insurers. It now includes one-third of all Medicare beneficiaries, and a large chunk of payer profits.

With more money, however, comes greater scrutiny. And the federal government is finding reason to ramp up efforts as it issues more allegations of insurers changing diagnoses to bring in higher MA payments and covering up the actions.

Read the full article on here.