This week we are reading about 2020 Medicare Advantage Plans, eHealth’s third quarter results and Integrity Marketing Group’s acquisition of Your Insurance Company.
Medicare Advantage 2020 Spotlight: First Look | Kaiser Family Foundation | October 24, 2019
Medicare Advantage plans have taken a large and growing role in the Medicare program over the past decade, with more than 22 million Medicare beneficiaries (34%) enrolled in Medicare Advantage plans in 2019, a private plan alternative to the traditional Medicare program. This brief provides an overview of the Medicare Advantage plans that will be available for 2020, based on an analysis of data from the Centers for Medicare and Medicaid Services (CMS).
eHealth, Inc. Announces Third Quarter 2019 Results | PR Newswire | October 22, 2019
eHealth, Inc. (NASDAQ: EHTH), a leading private online health insurance exchange, announced its financial results for the third quarter ended September 30, 2019. Revenue for the third quarter of 2019 was $69.9 million, a 72% increase compared to $40.8 million for the third quarter of 2018.
Scott Flanders, chief executive officer of eHealth stated, “Strong momentum in our business continued with another quarter of meaningful outperformance against our expectations. Our third quarter results reflect strong revenue and enrollment growth in our Medicare and Individual & Family Plan businesses and a significant investment in our telesales capacity ahead of the Medicare Annual Enrollment Period (AEP). We have entered this AEP from a position of strength, allowing us to recently guide up to the high end of our 2019 revenue and adjusted EBITDA forecast based on the quality and scale of call center resources in place, the acceleration of our online enrollments and strength of consumer demand.”
Integrity Marketing Group Expands Industry Leadership with Acquisition of Your Insurance Company | PR Newswire | October 22, 2019
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products to the Senior Market, today announced it has acquired Your Insurance Group, LLC (“YIG”), an insurance marketing organization headquartered in Melbourne, Florida. As part of the deal, YIG co-founders Brian McCann and Avi Assouline will become owners in Integrity. Financial terms of the contract were not disclosed.
Founded in 2013, Your Insurance Group is one of the fastest-growing senior insurance marketers in the country. The company provides a full spectrum of products to over 5,000 agents including final expense, term life insurance, and mortgage protection insurance. This year, YIG will produce almost $30 million of annualized premium alongside an exclusive set cost lead program that generates in excess of 350,000 final expense and Medicare Supplement direct mail leads per month.