Consumers are bombarded with misleading advertising for Medicare Advantage and other health plans. Insurance regulators are taking action to identify and combat the improper marketing of these health plans.
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An independent survey of more than 1,000 Medicare beneficiaries reveals an enrollment process that is unjustifiably overcomplicated, outdated and, once enrolled, beneficiaries do not fully understand their plans.
The Inflation Reduction Act, passed Aug. 12, Â includes a sweeping overhaul of prescription drug pricing regulation. Who will benefit from this and who will not?
TV ads and other marketing techniques have paid off for supplemental Medicare insurance providers. Agents surveyed said Medigap policies they’ve sold remain on the books for nine or more years.
Health insurance agents who serve the senior market will soon begin their training for Medicare’s Annual Election Period. Many of the general rules governing Medicare remain the same, though some plans and benefits will change.
In California, Democrats call for “a universal, single-payer health care system” as part of their party platform. A bid to…
Of the 43.4 million Hispanic American adults, 40% are uninsured and say they need it; 11 % are underinsured and say they need more, according to the 2022 Insurance Barometer Study by Life Happens and LIMRA, which examined the life insurance needs of U.S. consumers, including 1,400 Hispanic Americans. A total of 22.2 million have a life-insurance-need gap, the study found.
In a joint 10-page work plan that addresses what they said was “increasing concerns about agent recruitment, retention and diversity,” the American Council of Life Insurers, the National Association of Insurance and Financial Advisors and FINSECA, call on state regulators and legislators to remove outdated and now irrelevant features of the licensing requirements and processes.
Economists have forecast that the report will show that prices jumped 8.1% from 12 months earlier, down from a four-decade high of 9.1% in June and 8.5% in July, according to data provider FactSet. Sharply lower gas prices are behind much of the decline, along with the costs of used cars, air fares and clothing.
An independent survey of more than 1,000 Medicare beneficiaries reveals an enrollment process that is unjustifiably overcomplicated, outdated and, once enrolled, beneficiaries do not fully understand their plans.
An overview this week of current life insurance trends and what leading advisors are doing to maximize the use of life insurance for clients portrayed an industry radically changing to meet consumer needs.
New research from Lincoln Financial Group finds U.S. consumers surveyed are looking to better understand how to weather the current economic climate, yet few are taking action.
A new report, “Hispanic Americans: Life Insurance Ownership and Attitudes,” shows that while 6 in 10 Hispanic Americans do not have life insurance, more than half (51%) say they have a need.
This year’s campaign, which will be bilingual for the first time, aims to educate and remind Americans why life insurance is an easy decision for all individuals and families.Â
Ask an agent about the best time to buy life insurance and the answer will likely be “now,” or “anytime.”…
Two-thirds (68%) of life insurance owners report feeling financially secure compared with 47% of non-owners. Those who feel most secure are people who have life insurance both through the workplace and through individual coverage (78%).
Here are three mid-year resolutions for better client relationships in our current bear market.
Life insurance coverage among Hispanics is lower than that of any other race or ethnicity in the U.S., according to a 2022 study by Life Happens and LIMRA.
Uncovering the “pocket” opportunities for clients allows the financial services industry to move away from the one-size-fits-most approach and get into the tailored, personalized approach that we see becoming more in line with what clients are looking for.
Change may be inevitable, but by addressing the shift in goals that comes with change, we can help our clients be prepared to live their lives, knowing their goals can be met with your guidance along the way.
