Med Supp Premium Scorecard: April

By Kristin Steenson – CSG Actuarial – April 2, 2018

Supplemental Insurance

The CSG Actuarial Premium Rate Scorecard provides an overall premium rate competitiveness ranking by company across all states, plans, ages, genders, households and ZIP Codes, based on actual Medigap quotes.

Based on these demographics, completed in March 2018, the 25 most competitive Medicare Supplement companies – for all plans combined, as of April 1, 2018 – are:

 

CSG Actuarial Premium Rate Scorecard

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Annuities: Smart Retirement Income

By Walter UpDegrave – Money – March 29, 2018

WHAT'S YOUR PLAN FOR RETIREMENT? - PUZZLE CONCEPTPeople have long been conflicted about annuities. On one hand, they like the guaranteed lifetime income that only these insurance products can provide retirees, but they don’t like giving up access to their savings. 

They can easily resolve the conflict by giving up control of a modest portion of their nest egg – say, 20% to 30% – and investing in an annuity to receive steady income they won’t outlive.

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Medicare Policies

Snapshots of information that impacts AmeriLife’s business model

From the Medicare Payment Advisory Commission’s Report to Congress – March 2018

Over the past four decades, total personal health care spending increased from $0.1 trillion to $2.8 trillion. During this period, out-of-pocket spending (cost sharing, deductibles and services not covered by insurance) as a share of total personal health care spending declined from 31% to 13%, while the shares accounted for by private health insurance, Medicare and Medicaid all increased. At the same time, Medicare has remained the single largest purchaser of health care in the United States.

Personal Out-of-Pocket Health Care Spending

1976: $0.1 Trillion                                                 2016: $2.8 Trillion

Personal Out-of-Pocket Health Care Spending

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Medicare Policies

Snapshots of information that impacts AmeriLife’s business model

From the Medicare Payment Advisory Commission’s Report to Congress – March 2018

3d Medicare Word Cloud Concept with great terms such as healthOver the next 15 years, the Medicare population will be relatively younger, as members of the Baby Boom generation join and increase the number of beneficiaries in younger age categories. The share of the Medicare population 85+ is projected to decline slightly through 2025, and then grow as Boomers continue to age. So the changing age structure of the Medicare population will exert somewhat less pressure on spending in the very near term, at least on a per capita basis, and then pressure will increase again over the longer term.

The Medicare Population Will Get Younger, Then Older

Age Graph 2015-2060

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