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Could Blue Shield of California Convert to For-Profit?

California Health Insurance
May 20th, 2015

Big changes may be on the horizon for Blue Shield of California. The health insurance giant, which lost its tax-exempt status in March following a public hearing over its $1.25 billion acquisition of Care1st, remains in the sights of consumer advocates. Lead by former BSCA Director of Public Policy Michael Johnson, advocates are questioning whether [...]

Anthem Poised to Make ‘Meaningful’ Acqusition

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May 19th, 2015

Aetna isn’t the only insurer in the market for an acquisition. Anthem Inc., the second largest health insurer in the U.S, may be ready to make a bid. Low interest rates and other conditions have created a good environment for an acquisition, Anthem Chief Financial Officer Wayne DeVeydt said Tuesday. He told investors at the [...]

Hawaii Exchange Needs More Funding to Shut Down

aloha-resized-600
May 18th, 2015

With nearly half of the 17 state-run exchanges struggling, it’s no surprise that one is on the verge of shutting down. Hawaii Health Connector, the Hawaiian-run exchange, may be the first to close. Although the Hawaii exchange helped 35,000 people enroll in health insurance this year, exchange managers say they need even more cash to [...]

Google Compare to Add Agent Tools

Cheapest-Insurance-Quotes-Online
May 15th, 2015

The car insurance comparison site, Google Compare, announced that it’s adding several new features, including user assessments of insurance carriers and support for contacting a local agent. Although the service has yet to be rolled out nationwide, Google hopes to start offering benefits beyond rate appraisals and price comparisons. One such feature will allow potential [...]

Aetna Rumored to Acquire Humana or Cigna

aquisition
May 14th, 2015

A health industry shake-up may be on the horizon. Aetna has set its sights on acquiring a major health insurer. Humana is the most likely candidate, according to Wall Street sources. Humana dominates the Medicare field—a weak area for Aetna. Humana shares skyrocketed Wednesday, but so did Cigna’s, suggesting Aetna may want to acquire that [...]

Americans Worry as Subsidy Decision Looms

Gavel
May 13th, 2015

With the U.S. Supreme court expected to decide on the King vs. Burwell case next month, health insurance premium subsidies hang in the balance. About 7.6 million people could either lose their coverage or be forced to pay significantly higher premiums, if the court strikes down subsidies issued through the federal exchange. And according to recent [...]

NJ Enacts Electronic Proof of Insurance & Rate Evasion Bills

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May 11th, 2015

New Jersey Governor Chris Christie signed A-3905/S-2680, an electronic proof of auto insurance bill, into law on last Thursday. The bill will allow drivers to display proof of insurance in either a physical format (a paper insurance card) or an electronic format (via smartphone, tablet, or other mobile device). The new legislation also protects drivers’ [...]

State Health Exchanges Face Financial Struggles

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May 8th, 2015

Nearly half of the 17 state-run health insurance marketplaces are struggling financially. This poses an unexpected challenge for state officials—five years after the passage of the Affordable Care Act. Many of these exchanges face surging costs, especially for complex technology and expensive customer call centers. Officials have proposed raising fees on insurers, sharing costs with [...]

4 Opening Lines to Sell Disability Insurance

disability
May 7th, 2015

May is Disability Insurance Awareness Month, which means it’s a great time to talk to your clients about coverage. But first, you have to smoothly transition the conversation. How? By using a natural “pivot” from another type of insurance or investment product. Here are four opening statements to help you transition to disability insurance from [...]

5 Best Selling Voluntary Products

Voluntary
May 5th, 2015

If you’re looking for a way to supplement your health insurance sales, voluntary benefits may be the way to go. The voluntary benefits market had another strong year in 2014, with sales increasing nearly 4%, an Eastbridge Consulting Group report shows. Total voluntary/worksite sales rose to an estimated $6.89 billion, up from $6.644 in 2013, [...]