ICON, a joint venture between AIMCOR Group, LLC and AmeriLife Group, LLC, announced that it has entered into a partnership with KME Insurance Brokerage, a leading, national brokerage firm that specializes in corporate and individual disability and life insurance. “I’m excited to partner with Steve Heney and his team and look forward to a bright future for KME ..read more

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 decreases as they re-enter the market using old paper. Medicare claim trends continue to ..read more

Medicare Supplement market leader United Healthcare (UHC) released 1st quarter 2024 financials on April 16th, reporting a 30,000 decrease in Medicare Supplement lives in the 1st quarter.  The UHC enrollment table below features Standardized and Modernized policy in-force counts of 4,325,000 as of 3/31/2024, which is a 5,000 increase in the past 12 months and ..read more

As reported by CSG Actuarial last week, the 2023 Medicare Supplement overall market loss ratio spiked to 83.8%, as premium levels struggled to keep up with increases in post-Covid claim utilization rates. Within the overall 2023 Medicare Supplement loss ratio of 83.8%, the 2023 Medicare Supplement loss ratios by plan are as follows: *Data Source ..read more

Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has partnered with Strachan Health Insurance Partners, an independent marketing organization based in Twinsburg, Ohio, and led by Robert Strachan. Financial details of the partnership were not disclosed. A third-generation, family-owned agency since 1948 ..read more

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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 quoting tools. Based on the demographics of actual Medicare Supplement quotes completed in March 2024, the 20 most ..read more

CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2023 totaled $36.8 billion, a 1.8% increase over 2022. Two notes of interest: The states with the most Medicare Supplement lives are California, Texas, and Florida, with 8.0%, 6.7%, and 6.6 ..read more

CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2023 totaled $36.8 billion, a 1.8% increase over 2022. A few other notes of interest: The total Medicare Supplement lives covered in 2023 decreased slightly to 14.1 million.  CSG Actuarial believes ..read more

CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2023 totaled $36.8 billion, a 1.8% increase over 2022. In the past five years, the total earned premiums in the Medicare Supplement market have increased an average of 2.6% per year.  ..read more