Health Insurance NEWS

9 worst scammers of 2017 named to Insurance Fraud Hall of Shame

An extensive (and expensive) list of perpetrators make up the “No Class of 2017” as determined by the Coalition Against Insurance Fraud.

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Recent Health Insurance News

Mutual of Omaha partners with Lumeris to enter Medicare Advantage market

The strategic alliance, starting with an MA plan in 2019, is intended to maximize choice for seniors by leveraging Mutual of Omaha’s customer-centered brand and Lumeris’ value-based model.

Scant details on Amazon, Berkshire Hathaway, JPMorgan Chase foray into health insurance leaves many...

Amazon, Berkshire Hathaway and JPMorgan Chase sent shockwaves through the health insurance industry on Tuesday by announcing that the three giant companies will partner on ways to address healthcare for their U.S. employees.

AMA study shows Alabama still has least-competitive health insurance market

A single health insurer has at least 50% market share in 43% of the nation's metropolitan areas, according to a new study by the American Medical Association.

Large STM insurer faces class action lawsuit over systematic denial of claims

A new lawsuit alleges that short-term medical insurance plans provider HCC Medical Insurance Services used marketing and claims processing procedures engineered and uniformly applied to delay and deny valid claims.

Insurance entities urging Santa to review coverage before Christmas Eve

Santa Claus is being urged (in a tongue-in-cheek manner) to review his insurance coverage prior to embarking on his incredible around-the-world journey on Christmas Eve.

Elimination of federal penalty for not having health insurance may mean addition of state...

While the just-passed tax bill eliminates the mandate penalty as of 2019, most who go without coverage in 2018 will still face a penalty. Meanwhile, individual states are considering imposing their own coverage mandates.

Court cases, stats, new products and more: A brief look at industry news

Ranging from new product introductions to events, sales data and a couple of significant court cases, here’s a brief roundup of some recent news of note in the life annuity market, along with some links providing additional details.

New sets of LTCI data reveal continued resistance to perceived expense

As another LTC Awareness Month is in the books, recent statistics show Americans remain most spooked by the expense of obtaining coverage.

Individual disability income companies see jump in combined new sales after market shakeup

14 IDI market leaders record a combined 2017 premium growth rate of 9% through June 30 compared to 1.3% growth rate in 2016.

Combo products giving life back to long-term care market

While traditional LTCI sales decline, the need for long-term care services will increase as more people enter retirement. Combination products — life and annuity products with a long-term care rider – may be the answer for many.

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