Ritter Insurance Marketing, Craig Ritter

DOJ Grants Preliminary Approval on CVS-Aetna Merger

The Department of Justice granted preliminary approval for CVS and Aetna to move forward with their $69 billion merger, signaling a potential change in how many American consumers access health care. On September 27, Aetna announced their agreement to sell their Medicare Part D drug plan business to WellCare Health Plans to ease…

11 Oct 18
Posted By:

Aetna to Sell Medicare Part D Business to WellCare Health Plans

Plans for the Future Aetna has agreed to sell the assets from their Medicare Part D business to WellCare Health Plans in hopes of greasing the rails for approval of its merger with CVS. The financial terms of the transaction have not yet been disclosed. However, the deal is contingent upon approval from…

28 Sep 18
Posted By:

Cigna-Express Scripts Merger Gets Antitrust Approval

Updates on Upcoming Mergers Cigna has received antitrust approval for their acquisition of Express Scripts. The deal is predicted to fully close by the end of 2018. This is also good news for the CVS-Aetna merger, as that antitrust approval is still in the works. Cigna’s acquisition of Express Scripts was first announced about…

19 Sep 18
Posted By:

CVS-Aetna & Cigna-Express Scripts Deals Likely to Get Approval

The Department of Justice (DOJ) is reportedly very close to approving the mergers between CVS and Aetna and Cigna and Express Scripts. Those familiar with the deals predict the DOJ’s formal antitrust approvals will come within the next several weeks. Update on the CVS-Aetna Merger Regulators reportedly have some concerns that the almost $70 billion deal between…

2018 Maximum Broker Commissions for Medicare Advantage & Medicare Part D

For the third year in a row, CMS has raised maximum broker commissions for Medicare Advantage and Medicare Part D initial enrollments. Note, insurance providers are NOT REQUIRED to pay the maximum commission rate. We’ll report when insurance companies’ release their 2018 filings in the coming months. Medicare Part D Maximum Broker Commissions Initial commissions increased…

31 May 17
Posted By:

CMS Increases 2018 Payments to Insurers

In a press release issued April 3, the Centers for Medicare & Medicaid Services (CMS) announced an average 0.45% payment increase for 2018 Medicare Advantage and Part D plan insurers. After factoring in plan coding for member diagnoses, the average increase will be about 2.95 percent. The 2018 rate hike is higher than the…

5 Apr 17
Posted By:

2017 State of the Senior Market: In Review

Last Tuesday, I gave my annual State of the Senior Market address to 370 agents from across the country. You can watch a recording, but if you’d like a quick summary, read on for some of the highlights!

8 Mar 17
Posted By:

Find 2017 MAPD Data on Ritter’s Medicare Quote Engine

We’ve now finished incorporating ALL summary of benefits data for ALL 2017 Medicare Advantage plans on our Medicare Quote Engine! I’ve always believed up-to-date information is essential to your success and our applications reflect that! Now you compare the benefits for any 2017 plans side by side, just select the year you want in…

23 Sep 16
Posted By:

Sanctions Against Cigna to Continue into AEP

Annual Enrollment 2016 is coming, but Cigna will be spending this one on the bench as CMS sanctions to their MAPD program continue. The Centers for Medicare and Medicaid Services red-shirted the Connecticut-based company back in January citing, “widespread and systemic failures.” In a recent regulatory filing, Cigna admitted that they “probably can’t fix…

7 Sep 16
Posted By:

SilverScript Fights Rising Drug Costs with 2017 Formulary

CVS Health, which maintains the SilverScript Part D prescription drug plan, stood its ground against skyrocketing drug costs with the release of its 2017 drug formulary. The drug plan will add 35 products to its list of excluded drugs next year. Treatments for cancer and diabetes were replaced with lower-priced medications that have similar makeups,…

8 Aug 16
Posted By:

© Ritter Insurance Marketing