Ritter Insurance Marketing, Craig Ritter

Independent Health Files Net Loss for 2015

For the second year in a row, Independent Health has filed a net loss with the Department of Financial Services. On April 1, Independent Health reported a $49.3 million loss for 2015. After considering its taxes and investments, its net loss came out to around $44 million. Last year, Independent Health saw its revenue…

23 Apr 16
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ACA Insurance CO-OPs Failing Fast

With the shutdown of three more consumer operated and oriented plans (CO-OPs), more than 500,000 Americans will lose the health insurance they have now. Both Kentucky Health Cooperative (51,000 members) and Health Republic Insurance of New York (215,000) folded in October, citing insufficient premiums to cover members’ health expenses and their own operation expenses. Arches Health…

ACA Startup Oscar Struggles, Retains Value

When new insurance markets emerged from the Affordable Care Act (ACA), investors put their money into Oscar, an insurance startup that approached health care with a modern website, design, and easy-to-use app. It purports itself as a health insurance company as the founders would want for themselves – simple, intuitive, and human. This kind…

5 Oct 15
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NY Nonprofit Health Insurers Facing Increased Losses Under ACA

By passing the Affordable Care Act (ACA), Congress sought to give health insurance shoppers more rights, benefits, and protections; increase buyers’ options; and develop a more competitive marketplace. However, due to a few of the law’s provisions, some of New York State’s nonprofit health insurers seem to be sinking deeper and deeper into a financial hole….

5 Oct 15
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Ritter Signs FMO Agreement with Excellus BlueCross BlueShield

You can view the release on Yahoo Finance. Agents can request more information by clicking here:  www.ritterim.com/excellus

14 Aug 13
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Ritter Weekly Forum Updates

Ritter Insurance Marketing is committed to providing our agents with information about the insurance industry. Below are links to the lasted news in your state. (Must be logged into ritterim.zendesk.com/ to view forums)

New York Regulation 194 Producer Compensation Transparency to be Implemented on January 1st, 2011

Here is a link to the actual final regulation. This regulation applies to Insurance Producers in New York State and requires producers to make disclosures to consumers in regards to compensation which may be received as a result of the issuance of an insurance contract. The regulation was instigated due to former New York…

21 Dec 10
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Ritter Announces Emergency Webex Call for Agents in States Most Impacted by CMS Marketing Sanctions; States Included are California, Virginia, Texas, North Carolina, South Carolina, Maine, New York, Arizona and Oregon

Craig Ritter will be hosting a special webex presentation for agents who are impacted by CMS’ announcement on Friday that Health Net, Arcadian and Universal American will be placed on Marketing Sanctions. The call will take place at 3pm EASTERN TIME (Noon PACIFIC TIME) on Tuesday, November 23rd.  We apologize for the short notice, however,…

22 Nov 10
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Aetna Plan Termination in Connecticut (CT), Maine (ME), New Jersey (NJ), New York (NY) and Pennsylvania (PA)

Click to see the effected plans that are Non-Renewing.

12 Oct 10
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Quality Health Plan (QHP), Medicare Advantage provider in Tampa Florida(FL) is Suspended from Marketing Activities and Fined $586,800

Thanks to Scott in FL for the update!  QHP operates 2 MA plans in FL and NY.  They operated in the following counties in FL: Bradford, Brevard, Broward, Charlotte, Citrus, Clay, Columbi, Miami-Dade, Duval, hernando, Hillsborough, Indian River, Lake, Lee, Manatee, Marion, Martin, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, St. Johns, St. Lucie,…

18 May 10
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