Ritter Insurance Marketing, Craig Ritter

LA Clarifies Restriction on Charging Consumers for Enrollment Assistance

Late last week, the Commissioner of Insurance for the state of Louisiana, James Donelon, issued a directive clarifying a prohibition on charging consumers fees for enrollment assistance with individual health insurance plans. According to Donelon, there have been instances of producers charging fees directly to consumers purchasing individual health insurance policies which is in…

31 Oct 16
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Health Care Marketplace Good News Roundup

Despite a myriad of carrier exits this year, there are still insurers working to offer Americans affordable coverage through the health care exchange. Here are a few recent stories to highlight places where the ACA marketplace has seen success. Jump to state: Arizona Colorado Maine North Carolina   Maine CO-OP Making…

31 Oct 16
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Roundup of 2017 Medicare Advantage Plan Disruptions

There are a handful of 2017 Medicare Advantage plan disruptions that senior market agents should be aware of. Starting next year, Aetna MA members will no longer have in-network access to providers in the Rochester Regional Health system. Additionally, New West Health Services will be closing its doors at the end of this year. Read…

28 Oct 16
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Genworth Acquired by China Oceanwide for $2.7B, Pending Approval

China Oceanwide has entered an agreement to acquire Genworth in a $2.57 billion deal that could close by mid-2017. What does that mean for any clients invested in Genworth products? For today, it’s business as usual. Genworth will continue its “current focus on [their] strategic priorities.” When the deal closes months from now, Genworth will…

27 Oct 16
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0.3% Social Security COLA Increase Will Affect Medicare Part B Premiums

The cost of living adjustment (COLA) for 2017 will rise only 0.3 percent after staying flat in 2016. What’s that mean for seniors on Medicare? For most, not a whole lot. For others, a potential hit to the wallet due to shifting in Part B premiums. The 2017 COLA increase equates to an extra…

19 Oct 16
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CMS Launches New Twitter Account

CMS has launched a new Twitter handle @CMSgovPress, to promote news relating to CMS as it happens. We expect @CMSgovPress to tweet the information we’ve come to find through traditional channels such as press releases, fact sheets, blogs, data releases, and other newsworthy events. Just as you keep an eye on our blog and website for…

13 Oct 16
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CSI and CSI Life Retain A+ Rating from A.M. Best

A.M. Best has confirmed the A+ (Superior) rating of CSI and CSI Life, effective October 7, 2016. Financial stability from a Medicare Supplement insurer is paramount, and CSI and CSI Life have been the definition of stable for our industry. According to their press release, the ratings “reflect CSI’s excellent risk-adjusted capitalization, consistently profitable performance, strong…

12 Oct 16
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Oscar Health Outsourcing NYC Jobs to Arizona

More than two dozen employees on Oscar Health’s New York-based member services team have been asked to follow their old position to Arizona, where it seems the insurer could have designs on offering a health plan in the near future. Plans to Expand In a recent statement, the company said the move to Tempe…

7 Oct 16
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WellCare to Expand Arizona Presence

Consolidation has been a major theme in the health insurance industry. And it looks like we could see more of it next year. Pending regulatory approvals, a new deal will allow WellCare to expand its business in Arizona. WellCare Health Plans Inc. recently announced that it plans to buy two subsidiaries of Care1st Health Plan, an affiliate of…

6 Oct 16
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