Ritter Insurance Marketing, Craig Ritter

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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Highmark Will Stay in ACA Marketplace

Highmark recently announced it has no plans to leave the ACA Marketplace. Unlike other carriers who have dropped out or scaled back coverage for 2017, Highmark plans on sticking with the exchange in Pennsylvania, Delaware, and West Virginia. The announcement came alongside the company’s financial results for the first half of 2016. During the…

30 Sep 16
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PA Changes LTC Partnership Requirements

Pennsylvania Insurance Commissioner Teresa Miller recently announced a change in Long-Term Care (LTC) Partnership requirements that should help hold down premium increases. The adjustment allows for greater flexibility in the policy inflation protection that’s required by the federal government. Long term care partnership policies allow the policyholder to preserve personal assets equal to the…

29 Sep 16
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BCBS of Nebraska Leaving ACA Marketplace

Not so long ago, Nebraskans had three carriers they could choose an individual health plan from on the state’s Affordable Care Act exchange. Now, they have two as a result of Blue Cross and Blue Shield of Nebraska (BCBS of Nebraska) exiting the state’s ACA marketplace. With only a few weeks to go before the…

26 Sep 16
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