State Regulators Take-Over NJ COOP – ONLY 2 OPTIONS REMAIN IN NJ MARKETPLACE
Regulators in New Jersey will take over Health Republic Insurance of New Jersey due to its “hazardous financial condition,” leaving the state with only two of their original seven marketplace insurers. More than 35,000 consumers will have to look for new coverage next year. New Jersey suffered a blow late last year when Oscar Health… Read More
An Opportunity to Expand Your Business
AMAC Broker Services, the only agency aligned with the Association of Mature American Citizens (AMAC) needs agents to offer Medicare products to AMAC’s over 1 million senior members. Within the next 10 years, AMAC expects to grow to 10 million members. This is an exciting opportunity for agents who want to grow their senior book… Read More
Aetna Pulls 2017 Exchange Expansion Plans
One of Obamacare’s biggest insurer supporters is reversing its exchange expansion plans after announcing significant loss projections in plans sold through the exchanges. Aetna CEO, Mark Bertolini, announced that the company would pull all their 2017 exchange expansion plans and reevaluate future participation in the exchanges. Aetna currently offers products in 15 states. Aetna’s announcement… Read More
2017 AEP Coming Soon and Tips to Growing your Book with Senior Market Products
AMAC Broker Services is excited to offer new senior market products to ensure that you meet the needs of your clients while offering you the opportunity for a financially successful 4th quarter in 2016! The senior market niche is growing faster than any other, and most agents remain unaware of the growth potential in working… Read More
Humana 2017 MAPD Recertification is Now Open!
REMINDER: Discounted AHIP Fees and AHIP Reimbursement. The discounted charge for the 2017 AHIP training is $125.00 per registration when accessed via the Humana Agent Portal. The general fee for the 2017 AHIP training is $175.00 per registration. To qualify for reimbursement: Agent took the courses through the Humana Agent Portal (Advantage) Agent enrolls ten… Read More
News Worthy
Does Marijuana Save Medicare Drug Costs? Critics be warned; marijuana may help put Medicare back in the black. In 2013, the first year that marijuana became legal in 17 states, the number of Medicare prescriptions for certain drugs dropped and there was also a reduction in Part D spending. A recent study published in Health… Read More
Justice Department Sues to Block Merger of Anthem/Cigna and Aetna/Humana
In a trend of challenges to large mergers, the Department of Justice brought suit to stop two separate mergers of the nation’s largest healthcare insurers; Anthem’s purchase of Cigna, and Aetna’s acquisition of Humana. The DOJ cited concerns that the mergers would increase the cost of healthcare across the U.S. and reduce health provider options… Read More
3 Charged in $1 Billion Medicare Fraud
In what the Department of Justice is calling the “largest single criminal health care fraud case against individuals ever,” three people were charged with attempting to defraud the Medicaid and Medicare programs out of more than $1 billion. The indictment was filed in Florida against Philip Esformes, the owner of more than 30 assisted living… Read More