Ritter Insurance Marketing, Craig Ritter

CMS Suspends Star Rating Reduction Policy, Cigna Benefits

In a surprising move, CMS has immediately suspended its Star Rating reduction policy for sanctioned plans. The government organization sent a memo to all Medicare Advantage organizations and Part D plan sponsors on March 8. This Star Rating reduction policy has played a large role in the calculation of Star Ratings for MA and Part D…

23 Apr 16
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Cigna Hit with CMS Sanctions

CMS has imposed sanctions on Cigna suspending the enrollment of new customers in their Medicare Advantage and stand-alone Prescription Drug Plans. For the time being, agents must cease marketing to and contracting potential enrollees on behalf of Cigna-HealthSpring. Current enrollees in Cigna MA or PDP plans will not be affected. Based on prior cases, CMS…

22 Jan 16
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MA Enrollment on the Rise despite ACA Payment Reductions

In an attempt to limit over-payments to Medicare Advantage plans, the Affordable Care Act (ACA) of 2010 decreased payments to these plans. Despite concerns these reductions would decrease Medicare Advantage enrollment, data in a June 2015 issue brief from The Henry J. Kaiser Family Foundation shows Medicare Advantage enrollment has increased. Here’s a quick summary…

2 Jul 15
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Lifetime Renewals on Medicare Advantage and Medicare Part D – A New Trend?

On Friday, June 1st, 2012, two major insurance companies announced that they will be paying “lifetime renewals” on Medicare Advantage and Medicare Part D.  Aetna announced this for both products and Cigna for just their Part D plans.  In the past, some carriers had extended renewals for up to 10 years, but these are the…

2 Jun 12
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Cigna Completes Purchase of HealthSpring

Here is the story from the Baltimore Sun.  This transaction closed yesterday.  The acquisition of HealthSpring is a major step in building Cigna’s presence in the Medicare Advantage and Part D market.  Prior to adding HealthSpring, Cigna’s business in Medicare Advantage was limited to an HMO plan in the Phoenix market.

1 Feb 12
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Cigna gets Anti-Trust Approval for Acquisition of HealthSpring

Cigna has cleared the first hurdle in it’s acquisition of Medicare advantage provider, HealthSpring.  Here is a link to the story from CBS News. The Cigna/HealthSpring deal was valued at $3.8 billion and was the largest in a series of acquisitions in the Medicare advantage market which…

23 Nov 11
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Cigna Agrees to Purchase HealthSpring

Holy smokes, I didn’t see this one coming!  Cigna is getting back into the Medicare Advantage market in a BIG way.  Here is a link to the story from Businessweek.

24 Oct 11
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CIGNA Medicare Rx® (PDP) 2011 Enrollment Kits Now Available to Order

Enrollment Kits for CIGNA Medicare Rx® (PDP) are now available to order from the CIGNA Medicare Services®
Marketing and Fulfillment Portal at: http://custompoint.rrd.com/cignamedicare. Reminder:  Orders for enrollment kits can only be placed online, phone orders will not be accepted. At the login screen, enter your CIGNA Agent ID in the User ID field, your CIGNA Password…

12 Oct 10
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Cigna May 2010 Private Fee for Service Medicare Advantage Enrollment Data by State and by County

This comes from the CMS enrollment figures for Medicare Advantage plans.  Cigna announced on June 10th, they will be exiting the PFFS market in 2011. Here are a couple different looks at their enrollment as of May 1st, 2010: State Totals:  Cigna PFFS Total Enrollment by State State/County totals:  Cigna PFFS Total…

Cigna to Exit Private Fee for Service (PFFS) Market in 2011

Here is the press release. Many of you who follow my blog may have noticed back in April that I referenced that in their press release, they didn’t mention individual PFFS business for 2011.  My original coverage of this story can be found here. I thought that was a pretty good tip that…

10 Jun 10
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