The top employee benefits agency for speed of growth, Digital Insurance Inc., has sent out invitations for a free webinar that they have entitled “The Agency of the (Not So Distant) Future”, which will be held on Thursday, November 3, at 2 pm. The chief marketing officer and executive vice president of Digital Insurance, Mike Sullivan, will be using the seminar to make a presentation of his vision of the successful agency of tomorrow, and to go over the type of knowledge and infrastructure that will be required in order…
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Meeting of lawmakers and insurance officials highlights the importance of simplicity in national insurance exchange program
Health insurance exchanges were a popular subject during a recent gathering of federal lawmakers and insurance officials this week in Washington, D.C. Exchanges have been growing in popularity throughout the nation, gaining support in some states while finding opposition in others. The overall aim of the exchange initiative is to present consumers with a way to find and purchase affordable insurance policies. Much of the effort concerning exchanges centers around the concept of affordability, but consumers are far more interested in understanding what they are buying than how much policies…
Read MoreCigna purchased HealthSpring Medicare provider in $3.8 billion deal
Cigna, a global health insurance company based in the U.S., has announced the acquisition of HealthSpring, a health insurer specializing in Medicare Advantage plans. Cigna is looking to expand its presence in the Medicare sector as well as its senior care services. The move may be inspired by an aging populace that will soon enter the ranks of seniority, enabling them to take advantage of new insurance plans. The acquisition is priced at $3.8 billion. HealthSprings serves more than 350,000 Medicare Advantage policyholders across 11 states. The insurer also boasts…
Read MoreNew form of insurance battle building among sufferers of eating disorders
Sufferers of eating disorders such as bulimia and anorexia are now struggling on a new battlefield within the insurance world, calling into question the extent to which laws regulate equivalent protections for mental illnesses. Court cases and claims regarding severe instances of eating disorders are attempting to require payment for residential treatment center costs, as those institutions provide patients with monitoring around the clock every day so that they will not have the opportunity to skip meals or purge what they have consumed. Recently, some insurers have re-stated the fact…
Read MoreHealth insurance price increases may slow next year, shrinking profits for smaller insurers
An analyst at Wedbush has released estimates that have shown that in 2012, there may be a slowing in the rising cost of health insurance, but that this may cause smaller insurers that concentrate on commercial coverage to achieve smaller profit margins. The Wedbush analyst, Sarah James, released a research note that showed that employer and insurer surveys have been indicating that price increases will be slower next year than they were in 2011, as a result of some of the health care reform elements having been implemented. Though this…
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