For 2022, the annual Cost of Living Adjustment (COLA) for Social Security benefits is expected to reach its highest level since 1983!
This yearly change affects Medicare Part B premiums and the overall buying power of seniors and other Social Security beneficiaries by directly impacting how much money ends up in their pockets each month. ⟶
Imagine this. You’re outside raking leaves early one fall afternoon. Everything’s going fine but what’s that? You feel like there’s something crawling on your leg… and there it is! IT’S A SPIDER! Read More
Over the weekend, I had the chance to review the CMS landscape file and discovered the new Medicare Advantage organizations, becoming effective on January 1, 2020.
Since there are no “parent organizations” in the landscape file, … Read More
As of September 2020, no new Medicare Communications and Marketing Guidelines have been released by the Centers for Medicare & Medicaid Services. Please refer to the 2020 MCMG memo outlined below, as these changes will also … Read More
Insurance agents will begin to see the effects of Medicare Supplement changes quite soon! These modifications will go into operation on January 1, 2020. They could drastically change the way you do business and impact your clients … Read More
The distribution of new Medicare cards began in April 2018 and your clients may have questions about how they work and what to do with their old Medicare cards.
Now that 2020 is officially here, your clients should have already … Read More
The Department of Justice granted preliminary approval for CVS and Aetna to move forward with their $69 billion merger, signaling a potential change in how many American consumers access health care. Read More
CVS and Aetna’s $69 billion merger is now officially complete. The deal closed on Wednesday November 28, 2018.
Both Aetna and CVS were expecting to finalize the deal by Thanksgiving. However, several of the 28 states that needed … Read More
The Centers for Medicare & Medicaid Services have released the Medicare costs for 2021. Please see our most recent article, 2021 Medicare Part A and Part B Premiums and Deductibles, for current facts and figures Read More
While the environment last year may have been a bit rough for annuity advisors and carriers, things are looking up for the industry.
LIMRA Secure Retirement Institute (LIMRA SRI) recently released a three-year annuity sales … Read More
With Cigna’s recent announcement that it intends to purchase Express Scripts, five of America’s top health insurance companies now own or plan to own pharmacy benefit managers (PBMs).
The move is the latest example of vertical … Read More
The most recent resolution to fund the federal government included a number of positive adjustments to Medicare programs and activities that expired or were due to expire.
Many of these adjustments are victories for Medicare … Read More
In a press release Wednesday, Mutual of Omaha announced it will team up with Lumeris, Inc. to offer Medicare Advantage plans in 2019.
Since 1966, Mutual of Omaha has been the second-largest source of Medicare Supplement (Medigap) … Read More
On Friday, the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2018 will see a two percent increase in benefits from 2017, resulting in the largest adjustment since 2012. Read More
The Department of Labor recently filed their proposal for an 18-month extension of the transition period for the fiduciary rule with the Office of Management and Budget. If approved, the extension would delay certain applicability … Read More
Like agents, Affordable Care Act health navigators help people understand their health plan options, but there may be far fewer around this Open Enrollment season.
According to a report from The Wall Street Journal, the future … Read More
While the loudest promises of President Donald Trump’s campaign centered around the repeal and replacement of the Affordable Care Act, another area of health care could be up for reshaping — Medicare. Read More