Ritter Insurance Marketing, Craig Ritter

The Impact of Omnibus on Health Insurance Agents

Last week, President Obama signed the 2016 Omnibus Bill to keep the government funded through September 30, 2016. The bill passed the Senate by a vote of 65-33 and passed the House by a vote of 316-113. So, what is the impact of this bill for Health Insurance Agents and what will the…

20 Dec 15
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Clover Health Receives $35 More in Investment Funds

Bold upstart health insurer Clover Health has received another $35 million in capital funding to pair with $100 million received in September. Why are investors so keen on this small Medicare Advantage insurer out of New Jersey? Clover’s innovative approach is focused on connecting patient data with care. The company’s technology is programmed to…

17 Dec 15
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Agents Serve as a Valuable Resource for Marketplace Shoppers

The Open Enrollment Period is well underway. Affordable Care Act (ACA) insurance exchanges opened on November 1, and millions of uninsured Americans only have a few more weeks to find coverage for 2016. Throughout this short period of time, agents and brokers act as a valuable resource among health insurance shoppers. ACA agents and…

17 Dec 15
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Will the Cadillac Tax be Delayed by the End of 2015?

It’s possible that, by the end of the year, the Cadillac Tax could be delayed yet again. Lawmakers are currently in the process of determining the size of a year-end tax package. A smaller package would merely extend the expired tax breaks. However, a larger package deal would include other items like a two-year postponement of the…

17 Dec 15
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ACA Repeal Package Passed by Senate

Republicans have moved one step closer to fulfilling one longstanding promise to voters. For the first time in history, the Senate passed a bill repealing large portions of the Affordable Care Act (ACA). On December 3, the Senate passed the ACA repeal package with a vote of 52-47. Since it was tucked inside the budget…

17 Dec 15
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ACA Tax Penalty to Be More Strictly Enforced in 2016

Shoppers aren’t getting off the hook this year. The federal government has announced that there will be no tax season break for ACA enrollment in 2016. Therefore, people who don’t have health coverage by January 31 risk receiving a hefty penalty when they file taxes in 2017. The Affordable Care Act (ACA) of 2010 required…

17 Dec 15
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State Attorney General Joins FTC in Hospital Merger Opposition

Pennsylvania State Attorney General Kathleen Kane is joining the Federal Trade Commission in a legal block against the proposed merger between Penn State Milton S. Hershey Medical Center and PinnacleHealth System. After reviewing the merger request, the FTC determined that a union of the two largest health systems in Harrisburg area would inflate health costs…

17 Dec 15
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Ritter Releases Minor Updates to Medicare Quote Engine

In support of our mission to give insurance agents the best possible tools to help them run their business, we are pleased to have released some minor updates to our Medicare Quote application, www.MedicareQuoteEngine.com. Some of the changes are “behind the scenes,” but importantly allow us to continue to deliver great software for…

17 Dec 15
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PPO Plans Departing from Marketplace

According to a new study released by the Robert Wood Johnson Foundation, several Preferred Provider Organization (PPO) plans are departing from the ACA Marketplace or greatly reducing their offerings for 2016. The report shows that 28 percent of 2015 silver-level PPO plans are dropping from the Marketplace in 2016 and 39 percent are reducing…

3 Dec 15
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Marketplace PPO Plans Are Losing Their Punch

The number of silver-level PPOs on the marketplace with no out-of-network financial cap in 2016 has doubled from 2015. As insurers work to keep premium costs stable, out-of-network caps have quickly disappeared. For 2016, 45 percent of the silver-level PPO plans coming to market for the first time have no annual out-of-pocket cap,…

3 Dec 15
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