As of last year, there were more than 24 million Americans enrolled in Medicare Advantage plans, accounting for about 36% of all Medicare beneficiaries. Along with this growth in acceptance has come a growth in the number of Medicare Advantage options; the average enrollee can select from among 33 different plans in 2021. However, each plan is mutually exclusive…
Newswires
—The Senate on Tuesday confirmed President Joe Biden’ s pick to run U.S. health insurance programs, putting in place a key player who’ ll carry out his strategy for expanding affordable coverage and reining in prescription drug costs. The Senate vote was 55-44, with five Republicans joining Democrats in approving her nomination. She served in the White House…
FPS and iJoin launch seamless automation for Safe Harbor, auto-rollover IRAs
This fully automated process includes address verification, money movement and account opening for former employee accounts valued at less than $5,000. The new partnership builds on the low-cost automated solution already available through FPS Trust by providing a higher frequency of eligible account rollovers, which ultimately gets funds into the…
SANTA FE, N.M.– Superintendent of Insurance Russell Toal commended all of the insurers offering plans on New Mexico’ s Health Insurance Marketplace for agreeing to let their members switch to a higher value plan without having to restart their deductible and out-of-pocket maximum. Under the American Rescue Plan, a family of four making up to $39,300 can get a…
Brightway Insurance reaches two milestones
–When brothers, David and Michael Miller, founded Brightway Insurance based on the “You sell. The company topped that goal within a year and now celebrates two milestones as Brightway’s book size tops $800 million in annualized written premium and the number of franchises surpasses 300. 38 franchised locations in one state in 2008 to 307 locations and those in 25…
Apollo’s ibott division partners with Israeli’s insurtech, CI to gear up towards an AI-powered risk-based and personalized insurance in the growing shared mobility space
–Apollo’s ibott division, a global provider of insurance and reinsurance solutions has signed a Memorandum of Understanding with an Israeli Insurtech, CI LTD. CI’ s technology will enable Apollo’s clients to reduce their fleet and rider insurance costs and turn insurance into a revenue source by offering on-demand insurance.. Chris Moore, Head of ibott at…
NORWELL— In 2019, when his mother Barbara F. McKim needed palliative treatment, Alan McKim turned to the NVNA and Hospice and found the care she needed at the Pat Roche Hospice Home in Hingham. Barbara McKim, 87, died peacefully there surrounded by loving family and friends. McKim is founder and CEO of Clean Harbors Environmental Services, the largest…
AssuredPartners, Inc. is proud to announce Anchor Pardue Insurance, Inc. of Mountain Brook, AL has joined AssuredPartners. The team will remain under the leadership of Richard Pardue, President and Lisa Worley, CEO. Richard Pardue said, ” Anchor Pardue Insurance is fully committed to integrity, unsurpassed service and a professional approach, while providing…
PCF Insurance Services, a leading national full-service insurance brokerage, has announced the strategic new hire of Robert Smith as President of Agency Operations. “We are delighted to welcome Robert Smith as the newest member of the PCF executive team,” said Peter Foy, chairman, CEO, and founder, PCF Insurance Services. “After learning about PCF and getting to…
With the Goal of Growing its VA Business & Providing Clients with New Income and Investment Protection Options Delaware Life Launches Innovative Variable Annuity with Riders
–Delaware Life Insurance Company has launched an innovative new variable annuity with riders that provide financial professionals and their clients with the choice to prioritize income or investment protection during the first 7 to 10 years of the contract, based on changing market conditions or personal circumstances. The Delaware Life Accelerator…
The Environmental Protection Agency issued the following news release on May 24, 2021:. The U.S. Environmental Protection Agency is announcing the selection of 151 communities to receive 154 grant awards totaling $66.5 million in Brownfields funding through its Multipurpose, Assessment and Cleanup Grants. “Through our Brownfields Program, EPA is…
President Biden will meet with members of his homeland security and climate teams at the Federal Emergency Management Agency's National Response Coordination Center in Washington, D.C. to receive an update on preparations for the 2021 hurricane season. Last year alone, communities across the United States suffered through 22 separate weather and…
U.S. Senator Mike Crapo, Ranking Member of the Senate Finance Committee, and Representative Kevin Brady, Ranking Member of the House Ways and Means Committee, sent a bicameral letter to Treasury Secretary Janet Yellen requesting a revised Medicare Hospital Insurance trust fund insolvency projection as soon as possible. Assessing the true nature of the HI…
The cryptocurrency market was designed to be unregulated, but that's not stopping individuals and corporations alike from demanding insurers to cover the risks of investing in cryptocurrency. HCP National is now offering business, crime, custody, and DeFi insurance and can help businesses secure correct and high-quality insurance policies to protect…
Assessing the true nature of the HI trust fund's current financial status is time sensitive as Congress is expected to consider additional changes to the Medicare program this year. “Either through reconciliation or regular order, there is every expectation that Congress will consider additional health care related legislation this year…
Taxes And Finance: What You Need To Know For 2021
With the end of the 2020 filing season upon us, now is the time to become aware of major changes for 2021. But be prepared, politicians are making noise in preparation for another fun-filled year of late breaking changes.
The National Credit Union Administration today placed Empire Financial Federal Credit Union in Jackson, New Jersey, into conservatorship. Administered by the NCUA, the Share Insurance Fund insures individual accounts at the credit union up to $250,000, and a member's interest in all joint accounts combined is insured up to $250,000. The NCUA placed Empire…
Even a seemingly bipartisan effort to investigate the Jan. 6 insurrection at the Capitol faces the blockade of Republican opposition in Congress. Rounding the first quarter of his presidency, the White House and Congress have been unable to meet key Memorial Day deadlines set by the administration on crucial priorities. The sweeping infrastructure…
Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced. But a Federal Reserve official helped to allay some of those fears when he said Tuesday the U.S. central bank shouldn’ t look at changing policy in the midst of the coronavirus pandemic. The Shanghai Composite Index rose 1.8% to 3,558.89 while the Nikkei 225 in Tokyo gained 0.5% to 28,501.74.
