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The Federal Reserve announced its decision today to cut interest rates. The move had been expected and while President Donald Trump urged a rate cut, he still might not be happy with the decision.
Employee benefits provider Unum finds that 38% of U.S. adults rate their ability to manage finances as average, poor, or very poor. Thirty-five percent say thinking about what would happen to their family should they die unexpectedly was a top cause of anxiety; only going to the dentist (40%) rated higher.
Between your 401 or pension, your IRA and Social Security, you hope to have enough to enjoy a comfortable retirement lifestyle. Yet, you may want, or need, to find other financial resources one of which might be a fixed annuity, which offers a guaranteed interest rate and can be structured to provide a lifetime income stream.
Accenture today announced that Principal Financial Group (R) has implemented the Accenture Life Insurance& Annuity Platform to enable its digital growth strategy with enhanced service levels and operating efficiency. “ALIP will help us improve our customer and advisor experience by providing the foundation to enhance our digital capabilities, deliver…
Although 28 percent of employed Americans have voluntary group life insurance through their employer, 59% of workers who say they don’t because their employer doesn’t offer it say they would be likely to purchase it if it was an option. That’s according to a survey conducted online by The Harris Poll on behalf of OneAmerica.
A Philadelphia- based health insurer plans to apply for an HMO license in Minnesota so it can compete for business in Minnesota’s public programs for lower-income residents. The plans were disclosed to the Star Tribune on Monday by AmeriHealth Caritas, a for-profit subsidiary of Independence Health Group, which is the parent company of the Blue Cross…
The provision to ACA was sponsored by former Minnesota Sen. Al Franken and requires health insurers must spend most of the premium dollars collected on actual health care or return the money to plan participants. In 2018, insurers across the country paid out nearly $707 million in rebates to nearly 6 million consumers.
With stocks exhibiting extreme volatility and growth slowing in all the major economies, many individual investors are rebalancing portfolios toward bonds — savvy investors will resist this temptation and stick with stocks.
House Democrats, led by Speaker Nancy Pelosi of California, announced their plan to shore up the Affordable Care Act one day after the Trump administration told a court to strike down the entire law.
House Democrats are set to announce their version of a health care bill, according to an advisory from House Speaker Nancy Pelosi, D-Calif. The proposal comes as more than 100 House Democrats support a “Medicare For All” bill introduced in February by Progressive Caucus co-chair Representative Pramila Jayapal, D-Wash.
Annuity sales rebounded in a big way throughout 2018, Wink reports. For example, total non-variable deferred annuities sales were $113.6 billion, an increase of 29.1 percent over 2017. Non-variable deferred annuities include the indexed annuity, traditional fixed annuity, and MYGA product lines.
The Centers for Medicare & Medicaid Services is looking for recommendations on how to make it easier to sell health insurance across state lines.
Known as the Retirement Enhancement and Savings Act, the bill was initially introduced in previous session. It was re-introduced by Reps. Ron Kind, D-Wisc., and Mike Kelly, R-Pa., as the House Ways and Means Committee conducted a hearing Wednesday on retirement security.
Voya Financial’s newest product is a suite of health saving and spending accounts to be offered as optional workplace benefits.
The business to be transferred, which has been marketed under the Great-West Financial brand, includes bank-owned and corporate-owned life insurance, single premium life insurance, individual annuities, and a portion of Great-West’s closed block life insurance and annuities.
Democratic state attorneys general from 18 states filed a motion Monday night challenging a Texas federal judge’s ruling that struck down the Affordable Care Act. The motion, filed in the U.S. District Court for the Northern District of Texas, asks the court to clarify the impact of the ruling and confirm that the ACA is still the law of the land.
The Trump administration wants to see the nation’s health-care system move away from government mandates and toward a more free-market direction. A report outlines some recommendations, including expanding availability of health savings accounts (HSAs).
Under this new guidance, states are empowered to innovate new health care programs aimed at strengthening their health insurance markets, expanding choices of coverage, and targeting public resources to those most in need.
Through this new fully integrated platform, consumers and brokers will be able to go directly to the approved enrollment partner’s website to for the entire application and enrollment experience without being redirected to HealthCare.gov.
Humana and Walgreens are reportedly in talks to expand their current partnership, The Wall Street Journal reported.
Legislation introduced Wednesday by Sen. Bernie Sanders, I-Vt., would cap the size of the largest financial institutions so that a company’s total exposure is no more than 3 percent of GDP, about $584 billion today. The bill faces tough opposition from controlling Republicans.
The stock market began the current bull market run on March 9, 2009 and will set a record Wednesday. Still, some analysts are concerned about the potential for a downturn amid several economic disruptions.
Paid subscribers, which account for about 90 percent of the company’s sales, are more profitable for Spotify than free users. But Spotify reported fewer users of the advertising-supported tier than a quarter ago, which is making investors nervous.
The EM index is also down 16 percent from its high on Jan. 26, just shy of the 20 percent decline that signals a bear market.
The GOP needs to move on from its nearly decade-long obsession with killing the Dodd-Frank Act, a top Republican congressman says. Supporters of the legislation simply do not have the votes, the lawmaker adds.
The Centers for Medicare and Medicaid Services said state health insurance marketplaces are increasingly failing to cover people who do not qualify for federal subsidies even as the exchanges remain relatively stable.
In a case with billions of dollars at stake, a federal appeals court ruled that the federal government doesn’t have to pay health insurers money they say they are owed under the Affordable Care Act.
