by Carrie Haubensak | Oct 31, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Humana reported 3rd quarter 2024 Medicare Supplement lives of 357,300, up 5.3% from the result at 2nd quarter 2024 and 19.3% compared to 3rd quarter 2023. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2017. Humana... read more
by Carrie Haubensak | Oct 31, 2024 | Insurance Industry, Medicare Supplement
Insurance companies that operate in the brokerage Medicare Supplement market typically offer per policy bonuses to encourage agents to sell their products. These bonuses generally vary by underwriting type to assist in achieving an appropriate mix of business. Below... read more
by Carrie Haubensak | Oct 29, 2024 | Insurance Industry
Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has partnered with Community Insurance Partners, based in Mobile, Alabama, and led by Jason Jones.... read more
by Carrie Haubensak | Oct 29, 2024 | Insurance Industry, Medicare Supplement
CompanyDateRate IncreaseComments AARP - UnitedHealthcare Insurance Company 1/1/20256.8%New Hampshire & Oklahoma AARP - UnitedHealthcare Insurance Company of New York1/1/202510.2%New York Aetna Health Insurance Company 12/1/202416.3%New Jersey AFLAC... read more
by Carrie Haubensak | Oct 24, 2024 | Insurance Industry
The market dominance and fairness of the world’s oldest credit rating agency, AM Best, has come under fire recently as some insurers have questioned its methods and bemoaned its stranglehold on the industry. AM Best, which has provided insurance industry credit... read more
by Carrie Haubensak | Oct 24, 2024 | Insurance Industry, Medicare Advantage
Centene is taking the federal government to court over the scoring of next year’s star ratings, as the latest major insurer to cry foul over the results. Centene argued that a secret shopper call from an anonymous surveyor was miscategorized and was held against the... read more
by Carrie Haubensak | Oct 24, 2024 | Life Insurance, Medicare Supplement
As reported by Telos Actuarial in both Q1 and Q2 of 2024, Medicare supplement rate increases have been increasing relative to prior years. Now, results through the third quarter are in. In general, Medicare claim trends have been elevated since 2023 and carriers have... read more
by Carrie Haubensak | Oct 23, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Elevance Health (formerly Anthem, Inc.) released 3rd quarter 2024 financials on October 17th, reporting no change in Medicare Supplement lives in the 3rd quarter and a decrease of 34,000 Medicare Supplement lives over the past 12 months. The Elevance Health... read more
by Carrie Haubensak | Oct 22, 2024 | Insurance Industry
For the second year in a row, Integrity Marketing Group has been recognized by Inc. as one of the leading “Power Partners” in 2024. This annual Power Partners list recognizes the country’s leading B2B companies who are devoted to supporting their... read more
by Carrie Haubensak | Oct 16, 2024 | Insurance Industry, Medicare Advantage
MCC Brokerage, an innovative field marketing organization in the life and health insurance industry and affiliate partner of AmeriLife Group, LLC, has partnered with Diversity Insurance Agency, a Medicare Advantage brokerage company with more than 900 contracted... read more
by Carrie Haubensak | Oct 16, 2024 | Insurance Industry, Medicare Advantage
Weighted by enrollment, about 62% of current beneficiaries are enrolled in MA plans with prescription drug coverage that will have four or more stars next year, compared with about 74% in 2024, according to the CMS. Only seven MA plans with drug coverage earned five... read more
by Carrie Haubensak | Oct 16, 2024 | Insurance Industry, Senior Hospital Indemnity
Part 2 of this series looks more closely at several specific benefit offerings and the important guaranteed issue feature. Hospitalization Benefits All senior-focused HI products offer a “per-admission” hospitalization benefit in addition to a daily hospitalization... read more