by Jason Yoo | Feb 17, 2021 | Medicare Advantage, Medicare Supplement, news
Overall Company Fully Year and Fourth Quarter 2020 Highlights: Full Year Total Revenues increased to $268.7 billion, up 4.6% compared to prior year Overall Medical membership as of December 31, 2020 of 23.4 million, an increase of 504,000 from the prior year The CVS... read more
by Jason Yoo | Feb 17, 2021 | Insurance Industry, Medicare Advantage, news
Molina Healthcare reported net income of $34 million for the fourth quarter, a decrease of $134 million from the prior-year’s fourth quarter. Molina ended the quarter with Total Membership of 4,032,000, an increase of 701,000 from Fourth quarter 2019. The... read more
by Jason Yoo | Feb 16, 2021 | Insurance Industry, news
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, announced it has acquired SeniorCare Benefits, LLC. one of the industry’s most rapidly growing direct-to-consumer contact centers. With... read more
by Jason Yoo | Feb 11, 2021 | Medicare, Medicare Advantage, news
CSG Actuarial compiled the following highlights from the various January 2021 enrollment files. Medicare Advantage Nationwide enrollment grew by 9.4% to 26.6 million compared to the prior year Standalone PDP enrollment shrank by 3.2% to 24.4 million compared to the... read more
by Jason Yoo | Feb 10, 2021 | Medicare Advantage, news
Anthem, Inc. announced that the company has entered into an agreement with InnovaCare Health, L.P., to acquire its Puerto Rico-based subsidiaries, including MMM Holdings, LLC (“MMM”) and its Medicare Advantage (MA) plan MMM Healthcare, LLC as well as affiliated... read more
by Jason Yoo | Feb 10, 2021 | Medicare Advantage, Medicare Supplement, news
Continuing its national expansion, Bright Health announced it has signed an agreement to acquire Central Health Plan of California, Inc. (“Central Health Plan”). Upon closing, Bright Health will serve approximately 110,000 individuals within its Medicare Advantage... read more
by Jason Yoo | Feb 9, 2021 | Insurance Industry, news
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, announced it has acquired Advisors Insurance Brokers (“AIB”), one of the largest brokerage general agencies in the country. As part of the... read more
by Jason Yoo | Feb 9, 2021 | Insurance Industry, Market Potential Alert, news
Starting on February 15, 2021 and continuing through May 15, 2021, Marketplaces using the HealthCare.gov platform will operationalize functionality to make a SEP available to all Marketplace-eligible consumers who are submitting a new application or updating an... read more
by Jason Yoo | Feb 4, 2021 | Competitive Intelligence, Medicare Supplement, news
The CSG Actuarial Premium Rate Scorecard™ provides an overall premium rate competitiveness ranking by company across all states, plans, ages, genders, households, and zip codes, based on actual Medicare Supplement quotes completed on CSG Actuarial’s Market Advisor... read more
by Jason Yoo | Feb 4, 2021 | Medicare Advantage, Medicare Supplement, news
4th Quarter 2020 Highlights from Company Earnings Release: Reaffirms FY 2021 expected individual Medicare Advantage membership growth range of approximately 425,000 to 475,000 members, representing expected year-over-year growth of approximately 11 to 12 percent... read more
by Jason Yoo | Feb 4, 2021 | Medicare Advantage, Medicare Supplement, news
4th Quarter 2020 Highlights: Operating Revenues was $31.5 Billion, 16.2% Growth over the prior year driven by higher premium revenue due to growth in Medicaid and Medicare Benefit expense ratio was 88.9% in the fourth quarter, a decrease of 10 basis points from 89.0%... read more
by Jason Yoo | Feb 4, 2021 | Final Expense Life, news
Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has acquired Priority Life Insurance Group (“Priority Life”), an insurance marketing organization (IMO) based in Boca... read more
