There’s more trouble in the Affordable Care Act waters. UnitedHealth Group, the largest insurer in America, downgraded its earnings forecast for 2015, claiming its marketplace plans were thumping its bottom line. In short, UnitedHealth questioned the long-term stability of it’s exchange business and expressed an unwillingness to subsidize the business going forward. According to…
One of our major accomplishments in 2014 was building a multi-plan, CMS-accepted website for our agents. Problem was, the website was generic. Agents asked us to add plan-specific information, premiums, benefits, deductibles and WE LISTENED!! Now, after two years of development and compliance investments, we are VERY PLEASED to release the latest version of Medicareful.com,…
On November 10, the Centers for Medicare and Medicaid Services (CMS) announced the 2016 Medicare Parts A and B premiums and deductibles. You can view the all the details by clicking here. For your convenience, I’ve highlighted some of the most important information below. Part A Premiums & Deductibles Beneficiaries will pay an annual deductible…
America’s Health Insurance Plans (AHIP) has released their report on Medigap 2014 Enrollment. You can view the full report, by clicking here. For your quick reading, I’ve highlighted some of the report’s findings below and provided some of my thoughts and conclusions on the discoveries and the future of Medigap. Overview of Medigap Enrollment As…
Indiana-based Advantage Health will leave the Medicare Advantage market after posting $46.3 million in losses during the first eight months of 2015. Though this news comes nearly halfway through the Annual Enrollment Period that runs until December 7, all 22,500 Advantage Health customers will be given until late February to switch to another policy….
UPMC reached a $5.4 million settlement with the U.S. Justice Department as part of a massive investigation into implantation of cardiac devices against Medicare guidelines. The whistleblower-driven lawsuit accused 457 hospitals in 43 states of submitting claims for nearly $258 million for the procedures in violation between 2003 and 2010. Implantation of cardiovector defibrillators…
Millions of Americans that choose to receive Medicare Part B benefits may finally be able to sleep a little more peacefully at night. On November 2, President Obama signed the Bipartisan Budget Act of 2015 into the law. Among many things, the law cuts the expected increase in Medicare Part B premiums from a…
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