Ritter Insurance Marketing, Craig Ritter

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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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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Aetna-Humana Trial Date May Jeopardize Merger

U.S. District Judge John Bates is set to hear arguments on the Aetna-Humana merger on December 5. The deal must close by December 31 or Aetna will have to pay Humana a $1 billion break-up fee. Judge Bates said he expects a decision around mid-January, after a 13-day trial in December. He was originally going…

16 Aug 16
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Insurers Looking to Raise 2017 ACA Plan Premiums by Double-Digits

Though Affordable Care Act plan rates are only finalized in the fall, ACA insurers are already submitting their initial proposals to their state regulators. And many are seeking approval for something we saw requested last year: double-digit rate hikes for their 2017 ACA plan premiums. Those asking for the large increases name big losses in…

14 Jun 16
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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)

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