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Archive for May, 2011

Here is a link to the CMS Press release.  The press release breaks down the savings by category.  Cuts to Medicare Advantage funding represent $50 Billion of the $120 Billion in total projected savings.

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Here is a link to the actual 2011 report!

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In our continuing effort to keep you up to date on news that’s important to you, we’re introducing our “Agent Use Only” forums.  Often times, I am not able to publish specific details on a particular topic (such as Medicare Advantage/Part D information or insurance company rates) due to the fact that this blog is “public” and can be viewed by Medicare beneficiaries.

Since the forums require authentication (you must be signed into http://www.ritterim.com to view them), I am able to publish much more specific information.  Better yet, you can “Subscribe” to particular forum you are interested in “following” (such as Florida Insurance News, Texas Insurance News, etc.) and you will receive an email notification when we’ve updated the boards you are interested in!  You can also comment on the Articles we publish.

In the coming weeks, I’ll be adding to these Forums, so check back frequently and be sure to “SUBSCRIBE” (upper right section of the forum) to the ones you are interested in following to stay up to date!

Click here to view our Forums!

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Due to the sluggish economy, the annual report on Medicare’s financial position shows that the trust fund will be exhausted five years sooner than was thought one year ago.

Here is the article from the New York Times.

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Do you need insurance product training? RitterIm.com has an up-to-date posting of all the top carriers’ trainings on our event calendar. Registration is “one click” away at Ritter Insurance’s “Events’ Calendar”! (You must be logged in to register!)

  • Monday, May 16th; Ritter Insurance Marketing is hosting a Bravo Live Training Dual Eligible and Diabetic SNP training. The in-house training is open all PA agents. Ritter Insurance Marketing is also hosting a Secure Care Product Overview webinar. The webinar is open to all agents. HealthOptionOne Product Overview and Training webinar is open to all agents.
  • Tuesday, May 17th; Healthspring Certification Training seminar is open to agents in AL and TX. Genworth Senior Supplemental Products seminar is being held in Reno, NV and is open to NV agents. Long Term Care Teleconference; Mutual Of Omaha, “The Cost of LTC Services” is open to all agents.
  • Wednesday, May 18th; Bravo Health Training Certification seminar is being held in El Paso, TX and is open to TX agents. Genworth Senior Supplemental Products seminar training is being held in Carson City, NV and is open to NV agents. Genworth Dignity Planning; A New Tool That Can Help Grow Your ACI Final Expense Sales webinar is open to all agents. HealthOptionOne Product Overview and Training webinar is open to all agents.
  • Thursday, May 19th; Healthspring Certification Training is being held in TN and IL. Agents in these states are welcome. Coventry Understanding Medicare seminar is being held in Atlanta, GA. GA agents are welcome. Genworth Senior Supplemental Products seminar is being held in Las Vegas, NV and is open to agents in NV. HealthOptionOne Product Overview and Training webinar is open to all agents.
  • Friday, May 20th; HealthOptionOne Product Overview and Training webinar is open to all agents.

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Do you need insurance product training? RitterIm.com has an up-to-date posting of all the top carriers’ trainings on our event calendar. Registration is “one click” away at Ritter Insurance’s “Events’ Calendar”! (You must be logged in to register!)

  • Monday, May 9th; Foresters New Producer Training webinar is open to all agents. Genworth Dignity Planning; A New Tool That Can Help Grow Your ACI Final Expense Sales webinar is open to all agents.
  • Tuesday, May 10th; Baltimore Life Tele-sales Training for Silver Guard Products Using INSpeed webinar is open to all Baltimore licensed agents. Healthspring Certification Training seminars are being held in TX and AL. Genworth ACI Final Expense Products and More seminar is being held in IL.
  • Wednesday, May 11th; Bravo Health Training Certification seminars are being held in MD, DE, PA and TX. Foresters SMART UL Training webinar in open to all agents. Ritter Insurance Marketing presents “The Basics of Medicare” seminar is open to new agents in PA. Genworth ACI Final Expense Products and More seminar is open to agents in IL.
  • Thursday, May 12th; Healthspring Certification Training seminars are being held in TX, AL and TN. Foresters PlanRight Training webinar is open to all agents. Coventry Part D and Plan Comparisons Using the Medicare Website seminar training is being held in Atlanta, GA. Genworth ACI Final Expense Products and More seminar is being held in IL. LTC Teleconference; John Hancock, Custom Care III and Core Care “Rollout Call” is open to all agents. LTC Teleconference; Prudential” Sales Tips for a Changing LTCi Marketplace” is open to all agents.
  • Friday, May 13th; Healthspring Certification Training seminar is being held in FL.

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Medicare Advantage membership grew to 219,000 with the acquisition of Mercy Health Plans.  Part D membership was down to1,159,000 (probably due to realignment of Low Income Subsidy members).

Earnings were up 13% over the prior year and all businesses performed well.  Here is the earnings story from Yahoo

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