by Carrie Haubensak | Apr 30, 2024 | Insurance Industry, Medicare Supplement
CSG Actuarial has compiled all of the new business rate increases implemented on Medicare Supplement blocks of business since 2011. The overall average increase for year-to-date 2024 is 7.8%, the highest since 2011. Historical average rate increases by year since...
by Carrie Haubensak | Apr 29, 2024 | Insurance Industry, Medicare, Medicare Supplement
CompanyDateRate Increase AmountComments AARP - UnitedHealthcare Insurance Company 6/1/202412.2%Varies by state & plan AARP - UnitedHealthcare Insurance Company of America 6/1/202412.9%South Carolina Ace Property and Casualty Insurance Company 8/1/2024 -...
by Carrie Haubensak | Apr 24, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Humana reported 1st quarter 2024 Medicare Supplement lives of 323,200, up 5.2% from the result at 4th quarter 2023 and 9.9% compared to 1st quarter 2023. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2017. Humana...
by Carrie Haubensak | Apr 23, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Elevance Health (formerly Anthem, Inc.) released 1st quarter 2024 financials on April 18th, reporting a decrease of 27,000 Medicare Supplement lives in the 1st quarter and a decrease of 29,000 Medicare Supplement lives over the past 12 months. The Elevance Health...
by Carrie Haubensak | Apr 23, 2024 | Insurance Industry, Medicare Supplement
As reported earlier this month, CSG Actuarial has compiled information from the NAIC* and other sources and reported that total earned premiums in the Medicare Supplement market in 2023 totaled $36.8 billion, a 1.8% increase over 2022. The breakdown of earned premiums...
by Carrie Haubensak | Apr 16, 2024 | Insurance Industry, Medicare, Medicare Supplement
Medicare Supplement rate increases continue to be one of the hottest topics in the market. Charts and tables below are updated with 2024 Q1 activity. Note that data pertains to open blocks of business and excludes instances where companies are implementing large rate...
