Ritter Insurance Marketing, Craig Ritter

Benefit Adviser TV Covers Ritter Medicare Summit in Atlanta Georgia

Here is a link to the Benefit Adviser TV Episode which covered the Ritter Medicare Summit in Atlanta.  The Summit was sponsored by Aetna Medicare, Coventry, Humana and Piedmont Wellstar Health Plans.  We were pleased to have the top marketing professionals from each of our sponsors attend to present their product offerings for…

28 Sep 13
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CMS Announces Overall Premium Changes for 2014 Medicare Advantage and Medicare Part D

CMS issued a press release late last week, you can read the Press Release here.  Medicare Advantage premiums for 2014 are expected to increase by $1.64 to $32.60/month.  Medicare Part D premiums for 2014 are expected to hold steady for the fourth year in a row at around $31/month. The number of 4…

23 Sep 13
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Bravo Health to Settle with Feds on Overpayment

Here is the story from Philly.com (Philadelphia Inquirer).  The story notes that the repayment will be $225,000 which is a fantastic result for Cigna, given the implications of larger overpayments.  Bravo was acquired by HealthSpring and then HealthSpring was acquired by Cigna.  The audit only looked at 2007 when Bravo only had 13,755 members. …

22 Sep 13
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Aetna Leaves New Jersey Exchange

This was announced a week ago, but I just saw it.  This leaves 3 companies in NJ (Horizon BCBS, AmeriHealth NJ and a company called Health Republic Insurance of New Jersey which is a non-profit start up).

22 Sep 13
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WSJ Reports on Pricing Glitches in Insurance Exchange Software

This came from the WSJ (subscription required).  The Wall Street Journal is reporting that the software which runs the Federally Facilitated Exchanges in 36 states (FFE’s) does not currently accurately calculate the premiums required with subsidization.  Errors in the software were to be expected, however, it is particularly worrisome that the software cannot reliably…

22 Sep 13
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2014 Medicare Advantage and Part D Availability and Premiums Now Available on Medicare Quote Engine

We are pleased to announce that, effective immediately, the 2014 Medicare Advantage and Medicare Part D plans are available on the Medicare Quote Engine at www.ritterim.com.  This tool is for agent use only and is only available to licensed insurance agents who are registered users of www.ritterim.com. As a reminder, no 2014 plan benefits may…

21 Sep 13
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WellCare to Acquire Munich RE US Medicare Health Insurance Operation

Here is a link to the story from NASDAQ.  Products included are the Sterling Life Medicare Supplement and the Windsor Medicare Advantage book of business.  Generally, these deals take 6 or more months to close, so don’t look for any changes this AEP.  

5 Sep 13
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CMS Clarifies Broker Comp Rules for Medicare Advantage and Medicare Part D for Mid-Year Entries

A few weeks back, CMS issued some clarifying guidance on MA and PDP commission payments on mid year entry business. I think brokers will be seeing some changes on “aging in” MA/PDP commissions as well as mid-year MA replacement business. Bottom line, companies will likely start paying pro-rata commissions for the balance of the year…

4 Sep 13
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